Nuerodiagnostic Institute
dba Neurodiagnostic Institute ·
Indianapolis, Marion County, IN
· CCN 154008
Licensed to State Of Indiana Auditor Of State
Composite
57.7
rank score
Distress
50
FY2024
Fit
88
vs thesis
Estimated ticket
$37.2M–$149M
159 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $17.8M |
| Operating margin | -146.0% |
| Total margin | -136.8% |
| Days cash on hand | 177 |
| Current ratio | 358,483.28 |
| Occupancy | 62% |
Facility
| Beds | 159 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 159 | $17.0M | $-12.8M | -79.0% | -72.1% | 336 | 1,235.57 | 35% | 158 | 50 |
| 2022 | 159 | $10.3M | $-20.7M | -206.2% | -188.6% | 324 | 1,235.57 | 42% | 221 | 50 |
| 2023 | 159 | $29.3M | $-10.5M | -38.2% | -34.9% | 329 | 171,634.08 | 45% | 307 | 47 |
| 2024 | 159 | $17.8M | $-25.3M | -146.0% | -136.8% | 177 | 358,483.28 | 62% | 375 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jeffrey Wedding | w-2 managing employee | 100 | 2020-01 | |
| Katrina Norris | w-2 managing employee | 100 | 2019-02 | |
| State Of Indiana Auditor Of State | operational/managerial control | 100 | 2015-09 | |
| Jeffrey Wedding | corporate officer | 2020-01 | ||
| Jeffrey Wedding | corporate director | 2020-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.