Velarion Records

Psychiatric hospital · Independence, Iowa · 56 beds · CMS certification number 164003

Mental Health Institute

Latest filing: fiscal year ended June 30, 2025, settled, stamped by CMS February 3, 2026. 29 years on file, all shown below.

Fiscal 2025 at a glance

Operating expenses $26.5M $26,533,040 · G-3 line 4
Result from patient care −$26.5M −$26,533,040 · G-3 line 5

What stands out

  • Net patient revenue rose from $17.5M in its first year on file (1997) to $18.5M in 1999.
  • Its result from patient care: −$22.9M (2023), −$24.5M (2024), −$26.5M (2025).
  • Medicaid paid for 43.8% of its inpatient days and Medicare for 0.1%.
  • MENTAL HEALTH INSTITUTE holds 100% of it, on its Medicare enrollment.

How these statements are drawn

29 years of filings

Net patient revenueOperating expenses

1997 settled margin 0.2% $17.5M $17.4M

1998 settled margin 0.0% $17.9M $17.9M

1999 settled margin 0.0% $18.5M $18.5M

2000 settled with audit not filed $19.2M

2001 settled not filed $19.8M

2002 settled not filed $19.1M

2003 settled not filed $18.1M

2004 settled not filed $19.1M

2005 settled not filed $19.6M

2006 settled not filed $20.5M

2007 settled not filed not filed

2008 reopened not filed not filed

2009 settled not filed not filed

2010 settled not filed not filed

2011 settled not filed $20.4M

2012 settled not filed $20.7M

2013 settled not filed $23.5M

2014 settled not filed $22.1M

2015 settled not filed $22.5M

2016 settled not filed $21.9M

2017 settled not filed $20.3M

2018 settled not filed $19.9M

2019 settled not filed $19.8M

2020 settled not filed $20.9M

2021 settled not filed $21.9M

2022 settled not filed $22.1M

2023 settled not filed $22.9M

2024 settled not filed $24.5M

2025 settled not filed $26.5M

Beside its peers

Nearest in size, Iowa first, fiscal year 2025.

Hospital Beds Net patient revenue Operating expenses Margin

Mental Health Institute 56 $26,533,040

Beacon Behavioral Hospital - New Orleans, New Orleans (LA) 58 $11,218,735 $10,502,700 6.4%

Clive Behavioral Health, Clive 100 $32,441,975 $29,410,520 9.3%

Eagle View Behavioral Health, Bettendorf 72 $24,422,967 $22,436,403 8.1%

Haven Behavioral Hospital of Phoenix, Phoenix (AZ) 56 $19,234,016 $15,691,802 18.4%

Tulsa Center for Behavioral Health, Tulsa (OK) 56 $2,111,845 $19,458,673 −821.4%

Patients and payers

  • Discharges 265 S-3 line 14, col 15
  • Inpatient days 17,987 S-3 line 14, col 8
  • Beds in use, on an average day 49.4 days ÷ days in year
  • Occupancy 88.0% days ÷ bed days
  • Medicare share of days 0.1% S-3 cols 6 ÷ 8
  • Medicaid share of days 43.8% S-3 cols 7 ÷ 8

Who owns it

  • MENTAL HEALTH INSTITUTE100%

Related organizations on its own cost report: CENTRAL OFFICE (100%).

Control: governmental, state.

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More psychiatric hospitals in Iowa

File HOSP10FY2024.ZIP, form CMS-2552-10, CMS certification number 164003. Owners of 5% or more: CMS Hospital All Owners and Hospital Enrollments, Medicare enrollment October 1, 2026.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read February 3, 2026.

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