Health Care & Life Sciences Blog Posts

More patients help drug firms pass 'valley of death'

August 11, 2014
Comment(1)
In spite of the beaucoup bucks in the pharma sector, patients, along with their families and committed advocates, are turning out to be better sources of funding for early stage companies because they tolerate risk better than drug companies and investors.
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Most drug money in Indiana funds research. Is that good?

July 28, 2014
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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
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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(16)
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
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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(35)
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(56)
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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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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