Health Care & Life Sciences Blog Posts

Most drug money in Indiana funds research. Is that good?

July 28, 2014
Comment(1)
With federal research funding declining, drug companies are taking a larger role funding the medical research happening at IU and universities around the country. That's not the same thing as paying to market drugs, but it's hardly without controversy.
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Indy patients love their doctors

July 14, 2014
Comments(0)
Indianapolis ranked fifth highest among the nation’s largest cities for the most positive reviews of physicians. On a five-point Patient Happiness Index, the average review by patients scored Indianapolis physicians at a 4.05. San Francisco physicians topped the list.
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Doctors' drug money

July 10, 2014
Comments(9)
Indiana physicians and research organizations reaped more than $25 million in payments from 15 pharmaceutical firms in 2012, according to the most recent data made available by the not-for-profit group ProPublica. Lilly was the biggest spender and the IU medical school was the biggest recipient.
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There will be blood

June 26, 2014
Comments(15)
A new study found that common blood tests performed by hospital-owned facilities in the Indianapolis area were six to nine times more expensive than the same tests at independent lab facilities. Ouch!
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A silver lining for Endocyte

May 2, 2014
Comments(0)
The news this morning couldn’t have been worse for Endocyte Inc. But if it had to come, the timing couldn’t have been better--because it allowed Endocyte to raise a pile of cash to spend on the other drugs in its pipeline.
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Lilly shares hit all-time high for the John Lechleiter era

April 7, 2014
Comments(2)
Court win last week in a patent challenge to lung cancer drug Alimta pushed Lilly shares higher than they've ever been since April 2007. Since then, the company’s pipeline has produced more misfires than the villains in a James Bond movie
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The Millionaire Doctors Club

April 4, 2014
Comments(34)
The scramble for physicians by hospitals in recent years has led to more than a dozen physicians cracking a million dollars in compensation—and three dozen receiving at least a half million dollars. Hospitals, meanwhile, are recording big losses on their physician practices.
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Do double-digit Obamacare rate hikes mean the law has failed? No, but ...

March 31, 2014
Comments(16)
For now, at least, the year-to-year price increases of individual insurance under Obamacare look a lot like they did before Obamacare. That’s not a failure, but it’s not a success either.
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Medic! Early signal shows hospital profits plunged in 2013

March 24, 2014
Comments(9)
Franciscan Alliance, always the first to report its year-end financial results, put out numbers that show a real decline in profit from operations of 58 percent.
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Top 10 most profitable hospitals around Indianapolis

March 20, 2014
Comments(31)
Based on 2012 data, 23 of 30 hospitals in central Indiana are generating profits from their operations of 10 percent or more. The Indiana Orthopaedic Hospital and St. Vincent's Carmel campus are on top. After that, there are a few surprises.
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Hospital layoffs hardly dented employment growth

March 3, 2014
Comment(1)
Even though the state’s three largest hospital systems--IU Health, St. Vincent Health and Franciscan Alliance--eliminated a combined 2,700 jobs, it created just a blip in the long-term run-up in hospital employment.
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Life sciences jobs pack 2-for-1 punch

February 24, 2014
Comments(2)
While life sciences companies don’t rack up huge jobs numbers, their relatively high pay means that every job they create is worth two in the rest of the private sector.
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Health care has priced itself out of its own market

November 18, 2013
Comments(11)
It’s no secret the growth of the U.S. economy slowed in the 2000s after the go-go decade preceding it. But the U.S. health care system—hospitals, doctors, drug companies, device makers and health insurers—apparently didn’t get that memo.
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The bill for Hoosiers’ excess health care spending: About $5 billion per year

November 11, 2013
Comments(9)
Hoosiers' poor health, combined with an aggressive health care system and an uncompetitive health insurance sector, means Hoosiers, in spite of the fact that they earn just 86 cents for every dollar earned by the average American, are spending nearly $1.13 on health care for every dollar spent by Americans.
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Finding where the money is in health care

October 14, 2013
Comments(9)
More than half of the $2.5 trillion consumers spend annually on health care in the United States flows to hospitals and doctors, with drug companies and health insurers trailing well behind.
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Shift from information scarcity to abundance will transform health care

October 9, 2013
Comment(1)
With payment reform and new technology, it's plausible that health care will shift from being a bricks and mortar business to an information business--bringing us higher quality and lower costs. That's exciting.
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Economic value of hospitals is not in jobs and revenue

October 7, 2013
Comments(7)
The real value of health care, pure and simple, is that it extends our productive lives. And that has a huge economic impact. Too bad Indiana's hospitals keep talking about something else.
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Overbuilt, overstaffed, top heavy, hospitals ripe for cuts

October 3, 2013
Comments(31)
Before this year's cuts, Indiana hospitals had added 12,000 jobs over the past six years, even as private employers across Indiana, collectively, added no net new workers.
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Want health reform? Change these 6 things all at once

September 30, 2013
Comments(6)
Meaningful health reform has proved so difficult because it requires simultaneous change across a massive system. Here's a post-Obamacare plan to do exactly that.
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OrthoIndy channeling Walmart in comeback bid

September 23, 2013
Comments(6)
The local orthopedic surgeons are presenting themselves as low-cost providers in an attempt to reverse growth restrictions imposed by Obamacare.
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Hey IU, someone has to pay for those health care jobs

September 18, 2013
Comments(11)
The IU researchers, as have many before them, approach health care jobs as if every one of them is an unmixed blessing to the Indiana economy. Employers and workers could have easily told them that's not the case.
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Top 10 blogs for the business of health care

September 16, 2013
Comments(53)
I follow these blogs to keep up on health care financing. Tell me what else I should be reading.
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Hospitals aren't bad guys; they're just business guys

September 9, 2013
Comments(11)
Even in the face of alarmingly high hospital prices, no one should conclude that hospitals are the bad guys in the health care system. Hospital executives are doing exactly what they’re supposed to be doing as the business leaders of their institutions.
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Which Indy hospitals do it right the first time?

August 29, 2013
Comments(11)
Medicare data show some county-owned hospitals around Indianapolis scored better than big-name hospitals like IU Health and Community.
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BioCrossroads drops dreams for hospital innovation

August 15, 2013
Comments(7)
In this age of austerity, there's almost no chance of Indianapolis hospitals creating a Cleveland Clinic-like hub of innovation.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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