Health Care & Insurance

INpact Medical Device Network matches start-ups with service providersRestricted Content

August 24, 2009
Chris O'Malley
Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical devices to market often requires product design, development and marketing resources that aren’t always apparent to upstarts.
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Docs offer varied cures for ailing health care systemRestricted Content

August 24, 2009
J.K. Wall
Indianapolis physicians are mixed on the merits of a government-run, "public" health insurance plan. How reforms might affect their pay is another major concern.
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Businesses help older workers confront Medicare dilemmaRestricted Content

August 24, 2009
Scott Olson
Companies are helping workers age 65 and above decide whether to forgo their company health insurance and shift to Medicare. Medicare is becoming more attractive as costs of company policies rise.
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Lennen, Ledyard named hospital presidents

August 21, 2009
 IBJ Staff
Community Health Network has chosen Anthony Lennen as president of Community Hospital South and Dr. Robin Ledyard as president of Community Hospital East, the health care system announced this morning.
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Lilly drops osteoporosis pipeline drug

August 18, 2009
J.K. Wall
Eli Lilly and Co. pulled the plug on yet another drug in its pipeline that was in the late stages of testing, further complicating the company’s attempts to find revenue before losing patent protection on its bestseller.
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New health center to carry Jane Pauley's name

August 18, 2009
 IBJ Staff
Community Health Network and the Metropolitan School District of Warren Township will open a new community health center inside the Renaissance School, at 30th Street and Post Road in Indianapolis, the two organizations announced today.
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WellPoint stock bucks market plunge

August 17, 2009
 IBJ Staff and Associated Press
News that the Obama administration might be willing to drop the idea of a government-run health insurance plan has given a big boost to Indianapolis-based insurer WellPoint Inc.

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Lilly pays $224,000 to area doctors

August 17, 2009
 IBJ Staff
It’s no secret that Eli Lilly and Co. is the biggest private employer in the Indianapolis area. But Lilly also supplemented the incomes of a few dozen local doctors — to the tune of more than $224,000 in just the first quarter.
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High-ranking WellPoint exec stepping down

August 11, 2009
J.K. Wall
WellPoint Inc.'s internal audit and chief compliance officer - and highest-ranking black executive - will leave the company later this month, according to a companywide e-mail sent out yesterday.
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Union sues Conseco over restatement

August 10, 2009
J.K. Wall
Carmel-based Conseco Inc. faces a shareholder lawsuit by a union pension fund over an earnings restatement the company made 18 months ago.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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POWER BREAKFAST: Panel applauds progress, identifies challenges

August 10, 2009
 IBJ Staff
A panel of five leaders of the state’s life sciences industry took on a wide range of topics July 24 at IBJ’s Power Breakfast at the Westin Indianapolis.
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For Zotec CEO, health care reform cuts both waysRestricted Content

August 10, 2009
J.K. Wall
In the eyes of Scott Law, Congress is heading in exactly the wrong direction on health care reform.

But the CEO of Zotec Partners predicts a big bump in sales for his physician-billing management company if current reform proposals become law.
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Study: Health reform would be drag on Indiana economy

August 10, 2009
 IBJ Staff
If one of the more liberal health care reform proposals becomes law, Hoosier taxpayers would have to spend $425 more per person every year for the next decade, according to a study released Aug. 4 by Florida-based conservative policy group Arduin Laffer & Moore Econometrics.
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Conseco profit at high end of estimates

August 4, 2009
J.K. Wall
Conseco Inc. recorded profit at the high-end of its preliminary estimates, the company announced today.
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Lilly offering buyouts to 4,000 sales reps

August 4, 2009
Indianapolis-based Eli Lilly and Co. today said it is offering buyouts to its U.S. sales force, with hopes of trimming about 300 sales representatives before a sales restructuring set to begin in January, Reuters reported.
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Lilly's Effient launch just one of its many challengesRestricted Content

August 3, 2009
Greg Andrews
Eli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
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A new centerpiece for city's convention strategy: medical, science groupsRestricted Content

August 3, 2009
Anthony Schoettle
The Indianapolis Convention and Visitors Association is putting together an all-star corporate consortium to make the city a hub for medical and life sciences conventions, meetings and trade shows. The ICVA began running the initiative full-speed this year and already has signed deals to bring 40 medical meetings to Indianapolis through 2015, including annual meetings for the American Association of Diabetes Educators in 2012 and the American College of Sports Medicine and American Chemical Society in 2013.
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Arcadia hopes health care reform means more revenueRestricted Content

August 3, 2009
J.K. Wall
The CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company's fast-growing DailyMed service.
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Dow Agro sale still possible, but less likely

July 30, 2009
Peter Schnitzler
Midland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit have decreased.
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WellPoint stock falls despite quarterly profit

July 29, 2009
J.K. Wall
WellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits but failed to raise its year-end earnings forecast. WellPoint earned $1.50 per share in the latest quarter, excluding investment losses. Analysts were expecting $1.43 per share, according to a survey by Thomson Financial Network.
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Conseco shares jump after profit report

July 29, 2009
J.K. Wall
Shares of Conseco Inc. soared today in response to the company’s preliminary report of second-quarter profits. The Carmel-based insurer’s stock price jumped as much as 53 percent, to $2.91, before settling a bit in the afternoon.
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Carmel's Dormir raises $12M from venture capital firms

July 29, 2009
J.K. Wall
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million in venture capital from three out-of-state firms. The company plans use the proceeds to acquire six to 10 companies this year and more next year, according to CEO Tim Miller.
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Conseco says profit in line with estimates

July 28, 2009
J.K. Wall
Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after the market closed.
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Lilly cancels trials for experimental MS drug

July 28, 2009
J.K. Wall
Eli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis after the drug failed to delay progression of the disease in trial patients.
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