Velarion Records

Short-term acute care hospital · Indiana, Pennsylvania · 166 beds · CMS certification number 390173

Indiana Regional Medical Center

Latest filing: fiscal year ended June 30, 2026, as submitted, stamped by CMS August 10, 2026. 30 years on file, all shown below. Also on the 340B covered-entity register.

Fiscal 2026 at a glance

Net patient revenue $252.0M $252,030,171 · G-3 line 3
Operating expenses $256.0M $255,985,138 · G-3 line 4
Result from patient care −$4.0M −$3,954,967 · G-3 line 5
Margin on patient care −1.6% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $51.8M in its first year on file (1997) to $252.0M in 2026.
  • Its result from patient care: −$7.9M (2024), −$4.1M (2025), −$4.0M (2026).
  • 2 of the 5 short-term acute care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2026.
  • PENNSYLVANIA MOUNTAINS CARE NETWORK holds 100% of it, on its Medicare enrollment.

How these statements are drawn

30 years of filings

Net patient revenueOperating expenses

1997 reopened margin 2.1% $51.8M $50.7M

1998 settled margin 2.8% $53.4M $51.9M

1999 reopened margin −1.0% $53.8M $54.4M

2000 settled margin −4.2% $54.2M $56.4M

2001 settled margin −0.9% $59.5M $60.0M

2002 settled margin −1.8% $65.6M $66.8M

2003 reopened margin −8.0% $70.4M $76.0M

2004 settled margin −6.4% $77.6M $82.6M

2005 settled with audit margin −0.4% $86.9M $87.2M

2006 settled margin −1.3% $95.4M $96.6M

2007 settled margin −1.6% $104.9M $106.6M

2008 reopened margin −5.0% $112.6M $118.2M

2009 reopened margin −7.0% $120.9M $129.4M

2010 reopened margin −3.3% $125.7M $129.8M

2011 reopened margin −5.4% $126.6M $133.5M

2012 reopened margin −1.0% $130.4M $131.8M

2013 settled margin −2.6% $132.6M $136.1M

2014 reopened margin −4.1% $139.0M $144.7M

2015 settled with audit margin −1.7% $139.7M $142.1M

2016 settled with audit margin −2.2% $140.2M $143.3M

2017 settled margin 1.0% $153.8M $152.2M

2018 settled margin −2.7% $154.3M $158.4M

2019 settled margin −3.0% $164.5M $169.4M

2020 reopened margin −11.1% $154.6M $171.7M

2021 settled with audit margin −3.1% $165.3M $170.5M

2022 settled margin 2.5% $188.9M $184.3M

2023 settled margin −3.2% $189.7M $195.7M

2024 as submitted margin −3.8% $205.1M $213.0M

2025 as submitted margin −1.8% $233.3M $237.5M

2026 as submitted margin −1.6% $252.0M $256.0M

Beside its peers

Nearest in size, Pennsylvania first, fiscal year 2026.

Hospital Beds Net patient revenue Operating expenses Margin

Indiana Regional Medical Center 166 $252,030,171 $255,985,138 −1.6%

Legacy Good Samaritan Medical Center, Portland (OR) 165 $528,420,543 $576,609,769 −9.1%

Mountain View Regional Medical Center, Las Cruces (NM) 166 $394,096,980 $251,547,239 36.2%

Thomas Hospital, Fairhope (AL) 168 $308,002,887 $276,363,692 10.3%

Uci Health - Lakewood, Lakewood (CA) 172 $224,710,000 $203,952,096 9.2%

Warren General Hospital, Warren 85 $47,644,316 $56,206,590 −18.0%

Patients and payers

  • Discharges 5,204 S-3 line 14, col 15
  • Inpatient days 23,782 S-3 line 14, col 8
  • Beds in use, on an average day 65.3 days ÷ days in year
  • Occupancy 39.3% days ÷ bed days
  • Medicaid share of days 1.7% S-3 cols 7 ÷ 8

Who owns it

  • PENNSYLVANIA MOUNTAINS CARE NETWORK100%

Related organizations on its own cost report: IRMC (100%), health system.

Other hospitals with the same owner: Acmh Hospital (PA), Punxsutawney Area Hospital (PA).

Control: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by INDIANA REGIONAL MEDICAL CENTER (employer identification number 250965404) for tax year 2022. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$25,857,736IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$1,844,212IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$6,986,878IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$13,742,611IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$12,115,125IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.1324IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202411349349307656. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by INDIANA REGIONAL MEDICAL CENTER (employer identification number 250965404) for tax year 2022. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
ADENIRAN HAASTRUP MDPHYSICIANHighest-compensated employee$559,271$0$22,356
BECKY STAPLETONTREASURERTrustee/director, Officer$0$0$0
BENJAMIN L PARK DOPHYSICIANHighest-compensated employee$483,874$0$18,007
BRETT BRAUNCHIEF OPERATING OFFICEROfficer$220,307$0$29,609
CHRISTINA B LUBOLD MDBOARD MEMBERTrustee/director$37,920$0$0
FRANK ROBERTSSECRETARYTrustee/director, Officer$0$0$0
HILLARY CREELYBOARD MEMBERTrustee/director$0$0$0
JAMES KINNEERCHIEF HUMAN RESOURCE OFFICERKey employee$227,352$0$34,514
JAMES R MARTINBOARD MEMBERTrustee/director$0$0$0
KYUNG PARK MDPHYSICIANHighest-compensated employee$336,451$0$11,518
LAURIE A KUZNESKIBOARD MEMBERTrustee/director$0$0$0
MARK VOLOVICCHIEF INFORMATION OFFICERKey employee$280,240$0$32,304
MATTHEW N KLAIN MDBOARD MEMBERTrustee/director$0$0$0
NATHAN KOVALCHICKCHAIRMANTrustee/director, Officer$0$0$0
PATRICK SHANNON DOPHYSICIANHighest-compensated employee$430,726$0$27,721
RICHARD NEFF MDCHIEF MEDICAL OFFICEROfficer$397,918$0$28,299
ROBERT A GONGAWARECHIEF FINANCIAL OFFICEROfficer$323,825$0$34,321
RUSSELL A DROZDIAK MDBOARD MEMBERTrustee/director$159,630$0$3,362
STEPHEN A WOLFEPRESIDENT & CEOTrustee/director, Officer$802,111$0$42,593
T MICHAEL PRICEVICE CHAIRMANTrustee/director, Officer$0$0$0
TIMOTHY CLARK SIMPSON MDBOARD MEMBERTrustee/director$0$497,409$19,946
TODD BRICEBOARD MEMBERTrustee/director$0$0$0
TOLUTOPE OZAH MDPHYSICIANHighest-compensated employee$492,728$0$21,848
WENDY HAISLIPCHIEF NURSING OFFICERKey employee$227,299$0$24,264

E-file object id 202411349349307656. The IRS archive it was read from.

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More short-term acute care hospitals in Pennsylvania

File HOSP10FY2025.ZIP, form CMS-2552-10, CMS certification number 390173. 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 HOSP10FY2025.ZIP, read August 10, 2026.

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