Velarion Records

Psychiatric hospital · Valparaiso, Indiana · 16 beds · CMS certification number 154052

Porter Starke Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2025, settled, stamped by CMS January 23, 2026. Eighteen years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$22.1M
$22,053,056 · G-3 line 3
Operating expenses
$40.4M
$40,392,795 · G-3 line 4
Result from patient care
−$18.3M
−$18,339,739 · G-3 line 5
Margin on patient care
−83.2%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $7.6M in its first year on file (2008) to $22.1M in 2025.
  • Its result from patient care: −$14.3M (2023), −$16.3M (2024), −$18.3M (2025).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 5.4% of its inpatient days and Medicare for 5.3%.

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

Eighteen years of filings

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

Net patient revenueOperating expenses
2008
settled
$7.6M
$12.7M
2009
reopened
$7.0M
$17.9M
2010
settled
$8.0M
$14.1M
2011
settled
$8.2M
$14.2M
2012
settled
$9.0M
$14.2M
2013
settled
$9.3M
$14.4M
2014
settled
$10.2M
$15.6M
2015
settled
$10.2M
$16.3M
2016
settled
$9.8M
$18.2M
2017
settled
$9.8M
$19.5M
2018
settled
$12.5M
$20.9M
2019
settled
$12.6M
$22.7M
2020
settled
$14.4M
$24.6M
2021
settled
$16.2M
$27.4M
2022
settled
$18.2M
$30.4M
2023
settled
$18.4M
$32.7M
2024
settled
$20.3M
$36.6M
2025
settled
$22.1M
$40.4M

Beside its peers

Psychiatric hospitals in Indiana with under 25 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Porter Starke Services16$22,053,056$40,392,795−83.2%
Otis R Bowen Center for Human Services, Pierceton20$115,567,214$126,088,993−9.1%
Brightwell Behavioral Health, Clarksville22$5,943,817$6,354,686−6.9%
Hamilton Center, Terre Haute16$36,066,624$55,287,902−53.3%
Incompass Healthcare, Lawrenceburg16$20,042,086$29,713,514−48.3%
River Bend Hospital, West Lafayette16$3,156,302$17,433,882−452.4%

Patients and payers

Discharges
442
S-3 line 14, col 15
Inpatient days
1,986
S-3 line 14, col 8
Beds in use, on an average day
5.5
days ÷ days in year
Occupancy
34.0%
days ÷ bed days
Medicare share of days
5.3%
S-3 cols 6 ÷ 8
Medicaid share of days
5.4%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: voluntary nonprofit, other.

Follow this hospital, free

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

More psychiatric hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 154052. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read January 23, 2026.