Velarion Records

Psychiatric hospital · Muncie, Indiana · 12 beds · CMS certification number 154053

Meridian Health Services

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended June 30, 2020, settled, stamped by CMS January 27, 2021. Fourteen years on file, every one shown below.

Fiscal 2020 at a glance

Net patient revenue
$59.5M
$59,504,877 · G-3 line 3
Operating expenses
$90.9M
$90,904,544 · G-3 line 4
Result from patient care
−$31.4M
−$31,399,667 · G-3 line 5
Margin on patient care
−52.8%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $969K in its first year on file (2008) to $59.5M in 2020.
  • Its result from patient care: −$10.2M (2018), −$13.7M (2019), −$31.4M (2020).
  • All 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2020.

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

Fourteen years of filings

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

Net patient revenueOperating expenses
2007
settled
not filed
not filed
2008
settled
$969K
$1.8M
2009
settled
$16.3M
$28.3M
2010
settled
$14.8M
$27.1M
2011
settled
$18.7M
$28.1M
2012
settled
$26.0M
$35.4M
2013
settled
$30.9M
$42.0M
2014
settled
$35.4M
$47.6M
2015
settled
$44.4M
$59.2M
2016
settled
$52.2M
$71.0M
2017
settled
$58.1M
$73.7M
2018
settled
$68.8M
$79.0M
2019
settled
$72.9M
$86.6M
2020
settled
$59.5M
$90.9M

Beside its peers

Psychiatric hospitals in Indiana with under 25 beds, each on fiscal year 2020.

HospitalBedsNet patient revenueOperating expensesMargin
Meridian Health Services12$59,504,877$90,904,544−52.8%
Incompass Healthcare, Lawrenceburg16$14,833,923$20,373,087−37.3%
Hamilton Center, Terre Haute16$25,742,256$45,893,927−78.3%
Regional Mental Health Center, Merrillville16$19,851,263$39,156,405−97.3%
River Bend Hospital, West Lafayette16$1,246,895$11,380,336−812.7%
Otis R Bowen Center for Human Services, Warsaw16$73,653,731$82,855,142−12.5%

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More psychiatric hospitals in Indiana

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2019.ZIP, form CMS-2552-10, filed under CMS certification number 154053.

How this page was built: the CMS Medicare cost report, file HOSP10FY2019.ZIP, read January 27, 2021.