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Health Care & Insurance
Chamber puts support behind Wishard hospital proposal
September 21, 2009
J.K. WallThe Greater Indianapolis Chamber of Commerce announced its support for construction of a new Wishard Hospital and promised
to take a leadership position to help hospital leaders win voter approval for the project.
MoreLilly revises playbook in effort to score more 'touchdowns'
September 19, 2009
J.K. WallThe drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the
last four years has a new drug actually made it to market—the industry’s equivalent of getting
across the goal line.
MoreWeight-loss challenges at local firms raise money for charity
September 19, 2009
IBJ StaffEmployees at five different companies collectively lost 805 pounds over six weeks this summer. They also
raised $805 for Big Brothers/Big Sisters of Central Indiana.
MoreWestfield makes smoking illegal in most public places
September 15, 2009
IBJ StaffThe Westfield City Council passed a smoking ban 7-0 last night that will prohibit smoking in most public places, including
outdoor arenas, stadiums and amphitheaters.
MoreUPDATE: Pipeline challenges force Lilly restructuring moves
September 14, 2009
J.K. WallSince John Lechleiter was named CEO 18 months ago, he's bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today's announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company's business units ups the ante on that bet, while indicating that it isn't working yet.
MoreLilly reorganization to cut 5,500 positions over 2 years
September 14, 2009
J.K. WallEli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
MoreLocal health care industry tries to capitalize on migraine headaches
September 12, 2009
J.K. WallMigraines cost American employers $20 billion a year in decreased worker productivity. Such
a frequent and uncured disease stands as a huge business opportunity for the health care industry, including locally based
pharmaceutical giant Eli Lilly and Co.
MoreBenefits brokers fear impact of health insurance exchanges
September 12, 2009
J.K. WallIf Congress implements a new system of health insurance exchanges across the country, Indianapolis benefits broker Joe
Guzman is confident he and his peers would take a hit.
MoreStudy weakens Lilly's fight against price controls
September 12, 2009
IBJ StaffEli Lilly and Co. and its peers might be back in Congress’ sights as lawmakers hunt for more ways to cut health care
costs. A new study in the influential Health Affairs journal concludes that European drugmakers operating
in markets with pharmaceutical price controls have produced proportionally more innovations than their U.S. counterparts.
MoreWellPoint insiders sell stock at right time
September 12, 2009
IBJ StaffTake the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in
the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.
MorePolicyholders could pay more under Obama health plan
September 11, 2009
Associated PressIf President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from
denying coverage — some analysts say individuals could wind up paying higher premiums.
MoreSanctions lifted, WellPoint returns to Medicare biz
September 10, 2009
J.K. WallNine months after being suspended as a contractor for the federal Medicare program, WellPoint Inc. is back in the game.
MoreMedical device developer receives $1M in federal funding
September 10, 2009
Scott OlsonIndianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has
received $1 million in federal funding.
MoreLilly paid doctors to prescribe Zyprexa, notes say
September 8, 2009
IBJ StaffEli Lilly and Co. paid doctors in South Carolina for participating in a speakers' program in exchange for prescribing the
antipsychotic Zyprexa, according to notes by Lilly sales representatives reviewed by Bloomberg News.
MoreOak Street Funding raises $50 million in new capital
September 5, 2009
IBJ StaffGerman group invests in Carmel-based company that specializes in financial services for insurance agencies.
MoreHealth information exchanges begin sharing medical records
September 3, 2009
IBJ StaffThe Indianapolis-based Indiana Health Information Exchange today began sharing electronic medical records with two similar
organizations across a multi-regional network, the group announced this morning.
MoreSt. Francis, Anthem finalize health insurance contract
September 1, 2009
Scott OlsonThe St. Francis hospital system has finalized a multiyear agreement with Anthem Blue Cross and Blue Shield of Indiana, ending
a months-long dispute over insurance-reimbursement costs, the parties said yesterday.
MoreConseco consolidation to save $2.5M a year
August 31, 2009
IBJ StaffConseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
MoreAnthem, St. Francis reach agreement in principle
August 29, 2009
IBJ StaffThe St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.
MoreVenture firms recapitalize Advanced Physical Therapy LLC
August 29, 2009
IBJ StaffLocally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
MoreMonarch program persuades young, male workers to care about their health
August 24, 2009
Marc D. AllanIndianapolis-based Monarch Beverage is among hundreds of central Indiana companies that
have introduced wellness programs to counteract the rising costs of health insurance and Worker’s Compensation.
MoreHETRICK: Will we distinguish the faux news from the real?
August 24, 2009
Bruce HetrickThere was a time, of course, when journalists had the time, space, resources and respect to sort things out for us.
MoreHealth reform breaking WellPoint's way so far
August 24, 2009
J.K. WallWith the Obama administration backing away from a government-run, "public" plan, the insurance
industry faces a much smaller threat in the form of privately run insurance co-ops.
MoreMy Health Care Manager looks to grow fast
August 24, 2009
J.K. WallIndianapolis-based startup My Health Care Manager has signed an agreement with Indianapolis-based
WellPoint Inc. that will eventually put My Health Care Manager’s elder care service in front of the health insurer’s
thousands of employer clients and their workers around the country.
MoreAIT Laboratories leaps up Inc.'s list
August 24, 2009
IBJ StaffThe Indianapolis-based forensics, clinical and pharmaceutical testing firm now ranks 598, up from 1,466 a year ago. The list
is based on percentage of revenue growth.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!