Indianapolis Rehabilitation Hospital, Llc

Carmel, IN

1260 CITY CENTER DR, Carmel, IN 4603238104696406503

Beds

942

Inpatient discharges a year

$22.8M

Net patient revenue a year

About this hospital

Indianapolis Rehabilitation Hospital, Llc is a 40-bed hospital in Carmel, IN.

CCN: 153048
NPI: 1104465715
Website: indianapolis-rehabhospital.com
County: Hamilton County
Metro area: Indianapolis-Carmel-Greenwood, IN MSA
Medicare contractor: Jurisdiction 8, WPS Government Health Administrators (08001)
In Medicare since: 2021
Last CMS survey: 2021

Negotiated Rates

The data below comes from CMS-mandated price transparency data. Learn more.

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Insurance Accepted

Acceptance varies by plan and service. Confirm coverage with your insurer or the hospital's billing department.

More about this hospital

Doctors and services
Accredited by CIHQ
- 7 affiliated clinicians
See doctors and services
Finances
$22.8M net patient revenue
- Operating margin on patient care 13.8%
- $2.9M net income
See finances
Ownership and leadership
Owned by Newera Irf Holdings, Llc
- Private (for profit)
See ownership and leadership

Tax IDs and NPIs insurers list

The employer identification numbers (EINs) health plans and networks list for Indianapolis Rehabilitation Hospital, Llc in the in-network rate files they publish, with the organization NPIs billed under each.

Tax ID (EIN)	Plans and networks listing it	Organization NPIs
84-2304405Indianapolis Rehabilitation Hospital LLC	44Aetna, Cigna, United Healthcare (incl Optum, Rocky Mountain, Health Plan of Nevada, Sierra Health), Allied Benefit Systems, Ambetter and 39 more	1104465715 Indianapolis Rehabilitation Hospital Llc

Source: PayerPrice analysis of insurers' Transparency in Coverage in-network files. An EIN can cover several hospitals and clinics in a health system, and insurers sometimes list other organizations' NPIs under it.

Location

1260 CITY CENTER DR, Carmel, IN 460323810

4696406503

Get directions

Accreditation and services

CIHQ (since 2021)
Accreditation
None
Medical school affiliation
Private (for profit)
Ownership type
40
Medicare-certified beds
20
Registered nurses (full-time equivalent)
2021
In Medicare since

Source: CMS Provider of Services file, as reported by the hospital and state surveyors.

Size and patient volume

What Indianapolis Rehabilitation Hospital, Llc reported to Medicare in its latest cost report, covering Jan 1, 2025 to Dec 31, 2025.

942
Inpatient discharges
Medicare 68%, Medicaid 0%
11,488
Inpatient days
79% of available bed days used

Source: CMS cost report (HCRIS) (report 838239). Figures cover the reporting period, which is not always 12 months, and are self-reported.

Utilization by payer and unit

Inpatient days and discharges Indianapolis Rehabilitation Hospital, Llc reported by payer. Medicare and Medicaid include their managed care plans, shown separately below.

	Medicare	Medicaid	Other	Total
Inpatient days	7,599	36	3,853	11,488
Discharges	638	2	302	942
Average length of stay	11.9 days	18.0 days	12.8 days	12.2 days
Average daily census	20.8	0.1	10.6	31.5

1,540
Medicare Advantage days
118 discharges
373
Medicaid managed care days
34 discharges

Beds and days by unit

Unit	Beds	Inpatient days	Medicare days	Occupancy
Adults & pediatrics	40	11,488	7,599	79%

Source: CMS cost report (HCRIS, Form 2552-10), report 838239, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Worksheet S-3 Part I.

Where patients come from

ZIP codes with the most Medicare inpatient stays at Indianapolis Rehabilitation Hospital, Llc in 2025. Market share is this hospital's part of every hospital's Medicare stays from the ZIP code. Its published Medicare stays went from 190 in 2021 to 510 in 2025.

ZIP code	Stays	Of this hospital's stays	Days	Charges	Market share
46032	95	19%	1,162	$3.9M	6%
46033	68	13%	791	$2.7M	6%
46074	51	10%	556	$1.8M	5%
46260	51	10%	594	$2M	4%
46240	32	6%	386	$1.4M	3%
46062	29	6%	301	$1M	2%
46077	28	5%	338	$1.1M	4%
46037	23	5%	323	$1.1M	2%
46060	19	4%	227	$792,924	1%
46220	17	3%	199	$664,662	1%
46038	16	3%	197	$728,514	2%
46250	16	3%	192	$637,268	2%
46268	16	3%	199	$646,753	1%
46256	13	3%	147	$498,033	1%
46902	13	3%	172	$553,709	1%
46069	12	2%	147	$484,063	4%
46226	11	2%	141	$493,292	1%

Source: CMS Hospital Service Area file. Shares are of the 510 stays from ZIP codes CMS publishes; it omits ZIP codes with fewer than 11 stays, so market shares count published stays only.

Staff and facilities

Staff by profession and the rooms and units Indianapolis Rehabilitation Hospital, Llc reported at its latest Medicare certification survey (2021). Counts are people, not full-time equivalents.

20
Registered nurses
7
Licensed practical nurses
2
Pharmacists
5
Physical therapists
5
Occupational therapists
2
Speech pathologists and audiologists
1
Dietitians
48
Other personnel

Source: CMS Provider of Services file.

Doctors and clinicians

7 clinicians who bill Medicare list Indianapolis Rehabilitation Hospital, Llc as a hospital affiliation. Book a demo to see the commercial rates insurers publish for them, or start a free trial.

Internal Medicine Physician 3
Family Medicine Physician 2
Hospitalist Physician 1
Physical Medicine & Rehabilitation Physician 1

Taki Rida, M.D.
Family Medicine Physician
NPI 1760834147
See commercial rates for Taki Rida, M.D.
Sheryar Sarwar, MD
Family Medicine Physician
NPI 1730426958
See commercial rates for Sheryar Sarwar, MD
Jibran Durrani, MD
Hospitalist Physician
NPI 1750797262
See commercial rates for Jibran Durrani, MD
Saif Choudhury, M.D.
Internal Medicine Physician
NPI 1447540943
See commercial rates for Saif Choudhury, M.D.
Zubair Khan, M.D
Internal Medicine Physician
NPI 1134416019
See commercial rates for Zubair Khan, M.D
Kamran Quraishi, M.D.
Internal Medicine Physician
NPI 1417175068
See commercial rates for Kamran Quraishi, M.D.
Ryan Menard, DO
Physical Medicine & Rehabilitation Physician
NPI 1912343773
See commercial rates for Ryan Menard, DO

Source: CMS Doctors and Clinicians facility affiliations, released 2026-10-15, with names and specialties from NPPES. Affiliation means the clinician bills Medicare for care at this hospital; it is not employment.

Income statement

Revenue, expenses and income Indianapolis Rehabilitation Hospital, Llc reported to Medicare for Jan 1, 2025 to Dec 31, 2025. Percentages are of net patient revenue.

Line	Amount	Share
Gross patient revenue (charges)	$38.3M	168.0%
Inpatient	$38.3M	168.0%
Contractual allowances and discounts	-$15.5M	-68.0%
Net patient revenue	$22.8M	100.0%
Operating expenses	-$19.6M	-86.2%
Operating income from patient care	$3.1M	13.8%
Other income	-$260,950	-1.1%
Investment income	-$21,316	-0.1%
Other	-$239,634	-1.1%
Net income	$2.9M	12.7%

Gross revenue by payer

Line	Amount	Share
Traditional Medicare	$14.2M	37.0%
Other payers and self-pay	$24.1M	63.0%
Total charges	$38.3M	100.0%

Source: CMS cost report (HCRIS, Form 2552-10), report 838239, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Traditional Medicare is the program charges on Worksheets D-3 and D Part V; Medicaid is from Worksheet S-10.

Financial ratios

Computed from Indianapolis Rehabilitation Hospital, Llc's latest cost report.

13.8%
Operating margin
Operating income from patient care / net patient revenue
12.8%
Total margin
Net income / net patient revenue plus other income
26.3%
EBITDAR margin
Net income before interest, depreciation and leases (Worksheet A-7), / total revenue
51% of expenses
Personnel costs
Salaries, direct-care contract labor and core wage-related costs / operating expenses
10.4%
Return on assets
Net income for a year / total assets
428.1%
Return on equity
Net income for a year / fund balance
38.22
Long-term debt to fund balance
Mortgages, notes and loans / fund balance
2.70
Current ratio
Current assets / current liabilities
2.36
Quick ratio
Cash, temporary investments and net receivables / current liabilities
23 days
Days cash on hand
Cash and temporary investments / daily operating expenses excluding depreciation
31 days
Days in patient receivables
Net patient receivables / daily net patient revenue
25 days
Average payment period
Current liabilities / daily operating expenses excluding depreciation
0.81
Asset turnover
Total revenue for a year / total assets
4.2 years
Average age of plant
Accumulated depreciation / depreciation for a year

Source: CMS cost report (HCRIS, Form 2552-10), report 838239, as submitted. Hospitals report these figures themselves; they are not audited financial statements.

Balance sheet

What Indianapolis Rehabilitation Hospital, Llc owned and owed at the end of its reporting period (Dec 2025), across all fund types: $27.8M in total assets and a $673,791 fund balance.

Show the balance sheet

Line	Amount	Of total assets
Cash and temporary investments	$1.2M	4.5%
Patient receivables, net	$1.9M	6.9%
Inventory	$89,670	0.3%
Total current assets	$3.6M	13.0%
Property and equipment, net of depreciation	$24.1M	87.0%
Total assets	$27.8M	100.0%
Current liabilities	$1.3M	4.8%
Long-term debt	$25.8M	92.7%
Total liabilities	$27.1M	97.6%
Fund balance (net assets)	$673,791	2.4%

Source: CMS cost report (HCRIS, Form 2552-10), report 838239, as submitted. Hospitals report these figures themselves; they are not audited financial statements.

Financial trend

Indianapolis Rehabilitation Hospital, Llc's full-year cost reports, by fiscal year end. Reports shorter than ten months are left out.

Show 5 years

Fiscal year ending	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Net patient revenue	$10.7M	$17M	$19.3M	$21.5M	$22.8M
Operating expenses	$10.8M	$15.8M	$17.2M	$19M	$19.6M
Operating margin	-0.6%	7.1%	10.9%	11.8%	13.8%
Net income	-$55,801	$1.2M	$2.1M	$2.3M	$2.9M
Total assets	$5.1M	$4.3M	$5.1M	$29.6M	$27.8M
Discharges	519	784	896	947	942
Inpatient days	6,439	9,334	10,795	11,473	11,488
Medicare Advantage days	1,141	1,827	2,140	2,195	1,540
Beds	40	40	40	40	40
Employees (FTE)	48

Source: CMS cost report (HCRIS, Form 2552-10), report 838239, as submitted. Hospitals report these figures themselves; they are not audited financial statements.

Departments

Each cost center Indianapolis Rehabilitation Hospital, Llc reports, largest first. Total cost includes its share of overhead; the cost-to-charge ratio is total cost / charges.

Show all 19 departments

Ancillary and outpatient departments

Department	Salaries	Total cost	Charges	Cost-to-charge	Square feet
Physical therapy	$638,093	$1.5M	$7.2M	0.21	2,668
Occupational therapy	$705,068	$1.2M	$6.4M	0.19	156
Drugs charged to patients	$425,999	$1.2M	$2.9M	0.43	383
Medical supplies charged to patient		$543,736	$195,237	2.79	1,401
Speech pathology	$160,419	$302,497	$2.5M	0.12	154
Renal dialysis		$264,669	$277,200	0.95
Laboratory		$160,224	$1.1M	0.14	112
Respiratory therapy	$71,787	$147,274	$61,905	2.38	143
Radiology-diagnostic		$135,969	$497,088	0.27
Operating room			$1,020

Inpatient units

Department	Salaries	Total cost	Charges	Cost-to-charge	Square feet
Adults & pediatrics	$3.3M	$13.1M	$17.2M	0.77	23,220

Overhead (general service) departments

Department	Salaries	Direct cost	Square feet
Administrative & general	$3.1M	$5.1M	11,260
Cap rel costs-bldg & fixt		$3.3M	46,282
Employee benefits department		$1.4M	121
Nursing administration	$1.1M	$1.1M	335
Operation of plant		$756,118	1,262
Dietary	$198,469	$409,580	3,927
Housekeeping	$241,258	$279,979	192
Laundry & linen service		$64,504	493

Source: CMS cost report (HCRIS, Form 2552-10), report 838239, as submitted. Hospitals report these figures themselves; they are not audited financial statements. Worksheets A, B-1, C Part I and S-3 Part II.

Frequently asked questions

About Indianapolis Rehabilitation Hospital, Llc's rates and hospital price transparency.

How many patients does Indianapolis Rehabilitation Hospital, Llc admit?

Indianapolis Rehabilitation Hospital, Llc reported 942 inpatient discharges and 11,488 inpatient days from Jan 1, 2025 to Dec 31, 2025.

How much revenue does Indianapolis Rehabilitation Hospital, Llc make?

Indianapolis Rehabilitation Hospital, Llc reported $22.8M in net patient revenue on $38.3M of gross charges for Jan 1, 2025 to Dec 31, 2025, an operating margin of 13.8%, and net income of $2.9M.

What is Indianapolis Rehabilitation Hospital, Llc's tax ID (EIN)?

Insurers' price transparency files list Indianapolis Rehabilitation Hospital, Llc under employer identification number 84-2304405 (Indianapolis Rehabilitation Hospital LLC). 44 health plans and networks list 84-2304405 for it.

How many doctors are affiliated with Indianapolis Rehabilitation Hospital, Llc?

7 clinicians who bill Medicare list Indianapolis Rehabilitation Hospital, Llc as a hospital affiliation in CMS's Doctors and Clinicians data. The largest groups are internal medicine physician (3), family medicine physician (2), hospitalist physician (1).

Is Indianapolis Rehabilitation Hospital, Llc accredited?

Yes. CMS's Provider of Services file lists CIHQ as the accrediting organization for Indianapolis Rehabilitation Hospital, Llc, effective 2021.

Who owns Indianapolis Rehabilitation Hospital, Llc?

In its Medicare enrollment, Indianapolis Rehabilitation Hospital, Llc reports Newera Irf Holdings, Llc as 5% or greater indirect ownership interest (100%).

Where do Indianapolis Rehabilitation Hospital, Llc's patients come from?

In CMS's 2025 Hospital Service Area file, the most Medicare inpatient stays at Indianapolis Rehabilitation Hospital, Llc came from ZIP codes 46032 (95), 46033 (68), 46074 (51).

How many beds does Indianapolis Rehabilitation Hospital, Llc have?

Indianapolis Rehabilitation Hospital, Llc has 40 beds, including its psychiatric, rehabilitation and other subprovider units, in its latest Medicare cost report.

Where is Indianapolis Rehabilitation Hospital, Llc and what is its phone number?

Indianapolis Rehabilitation Hospital, Llc is located at 1260 CITY CENTER DR, Carmel, IN 460323810. Its main phone number is 4696406503.

What is Indianapolis Rehabilitation Hospital, Llc's CCN (Medicare provider number)?

Indianapolis Rehabilitation Hospital, Llc's CMS Certification Number (CCN), also called its Medicare provider number, is 153048.

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{
  "description": "MRI of brain (no contrast)",
  "code_information": [
    { "code": "611", "type": "RC" },
    { "code": "70551", "type": "CPT" }
  ],
  "standard_charges": [{
    "setting": "outpatient",
    "minimum": 250,
    "maximum": 400,
    "gross_charge": 1200,
    "discounted_cash": 1080,
    "payers_information": [
      {
        "payer_name": "Platform Health Insurance",
        "plan_name": "PPO",
        "methodology": "fee schedule",
        "standard_charge_dollar": 400
      },
      {
        "payer_name": "Region Health Insurance",
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        "methodology": "fee schedule",
        "standard_charge_dollar": 250
      }
    ]
  }]
}

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Indianapolis Rehabilitation Hospital, Llc

About this hospital

Negotiated Rates

Insurance Accepted

More about this hospital

Tax IDs and NPIs insurers list

Location

Accreditation and services

Size and patient volume

Utilization by payer and unit

Beds and days by unit

Where patients come from

Staff and facilities

Doctors and clinicians

Income statement

Gross revenue by payer

Financial ratios

Balance sheet

Financial trend

Departments

Ancillary and outpatient departments

Inpatient units

Overhead (general service) departments

Ownership

Leadership

Officers and directors on the Medicare enrollment

Frequently asked questions

Running price transparency at a hospital like this one?

Publish a CMS-compliant machine-readable file

Get your chargemaster right for billing and payer contracts

About this hospital

Negotiated Rates

Insurance Accepted

More about this hospital

Tax IDs and NPIs insurers list

Location

Accreditation and services

Size and patient volume

Utilization by payer and unit

Beds and days by unit

Where patients come from

Staff and facilities

Doctors and clinicians

Income statement

Gross revenue by payer

Financial ratios

Balance sheet

Financial trend

Departments

Ancillary and outpatient departments

Inpatient units

Overhead (general service) departments

Ownership

Leadership

Officers and directors on the Medicare enrollment

Nearby hospitals

Frequently asked questions

Running price transparency at a hospital like this one?

Publish a CMS-compliant machine-readable file

Get your chargemaster right for billing and payer contracts