Velarion Records

Psychiatric hospital · Plainfield, Indiana · 112 beds · CMS certification number 154067

Hendricks Behavioral Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, settled, stamped by CMS July 14, 2026. Five years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$45.9M
$45,876,180 · G-3 line 3
Operating expenses
$32.6M
$32,613,207 · G-3 line 4
Result from patient care
$13.3M
$13,262,973 · G-3 line 5
Margin on patient care
28.9%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.9M in its first year on file (2021) to $45.9M in 2025.
  • Its result from patient care: $10.5M (2023), $14.4M (2024), $13.3M (2025).
  • 1 of the 5 psychiatric hospital peers below with a margin on file also reports a gain on patient care for fiscal year 2025.
  • Medicaid paid for 10.1% of its inpatient days and Medicare for 4.1%.
  • US HEALTHVEST, LLC holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

Five years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2021
settled
$7.9M
$9.9M
2022
settled
$23.6M
$20.7M
2023
settled
$35.9M
$25.4M
2024
settled
$43.0M
$28.7M
2025
settled
$45.9M
$32.6M

Beside its peers

Psychiatric hospitals in Indiana with 100 to 199 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Hendricks Behavioral Hospital112$45,876,180$32,613,20728.9%
Evansville State Hospital, Evansville168$7,187,068$34,064,409−374.0%
Madison State Hospital, Madison150$7,591,123$34,410,457−353.3%
Maple Heights Behavioral Health, Ft Wayne120$20,459,888$21,419,138−4.7%
Neurodiagnostic Institute, Indianapolis159$22,391,166$44,275,532−97.7%
Wellstone Regional Hospital, Jeffersonville100$25,717,090$24,067,9656.4%

Patients and payers

Discharges
3,453
S-3 line 14, col 15
Inpatient days
34,273
S-3 line 14, col 8
Beds in use, on an average day
94.2
days ÷ days in year
Occupancy
83.8%
days ÷ bed days
Medicare share of days
4.1%
S-3 cols 6 ÷ 8
Medicaid share of days
10.1%
S-3 cols 7 ÷ 8

Who owns it

  • US HEALTHVEST, LLC100%
  • PVP US HEALTHVEST, INC28%
  • RICHARD A KRESCH14%
  • F-PRIME CAPITAL PARTNERS HC CAMBRIDGE FUND III LP10%
  • OAK HC/FT USHV BLOCKER CORP9%
  • PP VII US HEALTHVEST INC6%
  • F-PRIME CAPITAL PARTNERS HC INTERNATIONAL FUND III LP5%

Related organizations on its own cost report: HBH REALTY (100%), realty co.

Other hospitals with the same owner: Ridgeview Institute (GA), Ridgeview Institute Monroe (GA), Chicago Behavioral Hospital (IL), Silver Oaks Behavioral Hospital (IL), Lake Behavioral Hospital (IL), Smokey Point Behavioral Hospital (WA), South Sound Behavioral Hospital (WA).

Type of control on its cost report: proprietary, partnership.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More psychiatric hospitals in Indiana

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 154067. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read July 14, 2026.