Health Care & Insurance

Fairbanks gets $1M from United Way for hospital expansion

November 30, 2012
J.K. Wall
The $2.5 million expansion will add 7,000 square feet of meeting and office space to Fairbanks' 86-bed hospital for patients trying to recover from drug and alcohol addictions.
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State health commissioner returning to private sector

November 29, 2012
Dr. Gregory N. Larkin, appointed commissioner of the Indiana State Department of Health by Gov. Mitch Daniels in 2010, will leave his position in January to become medical director of OurHealth, an employer on-site clinic company.
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Feds clear WellPoint's $4.5B acquisition of Amerigroup

November 28, 2012
Associated Press
The government has dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup Corp., the Justice Department said Wednesday, clearing WellPoint to proceed with the $4.46 billion deal.
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Insurance software firm cutting 23 local jobs

November 28, 2012
Washington-based Vertafore Inc., a developer of insurance software, said it will begin layoffs at its Indianapolis office Jan. 31.
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Lilly chief says China too slow in approving new drugs

November 28, 2012
Bloomberg News
China takes eight years longer on average to approve drugs than other major countries, and U.S. drugmakers are looking at ways to help speed things up, Eli Lilly and Co. CEO John Lechleiter said.
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EU reviews cancer drug from Endocyte, Merck

November 27, 2012
Associated Press
Merck & Co. and Endocyte Inc. said Tuesday that European Union regulators will review their drug vintafolide as a treatment for ovarian cancer.
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Medicaid expansion could cost $54M a year

November 26, 2012
J.K. Wall

A new set of projections released Monday estimates that expanding Medicaid coverage as called for in President Obama’s 2010 health reform law would cost the state government less than $54 million per year on average over the next decade—far lower than projections issued by the actuarial firm hired by Indiana Gov. Mitch Daniels’ administration.

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Assessment fees benefit Indy hospitals

November 26, 2012
J.K. Wall
IU Health and Community enjoyed net gains of $267 million and $23 million, respectively, from the hospital assessment fee program during the fiscal year ended June 30.
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Indiana employers desperate to improve workers' personal habitsRestricted Content

November 24, 2012
J.K. Wall
Skyrocketing health care costs prompt search for new ways to improve lifestyle choices.
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THOMPSON: Push is on to regulate health information technologyRestricted Content

November 24, 2012
Bradley Merrill Thompson / Special to IBJ
After decades of slow adoption, health information technology now threatens to completely disrupt health care, in a good way, dramatically improving quality of care. The question is, will federal regulators stand in the way?
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Dialysis software firm finally making inroadsRestricted Content

November 24, 2012
Scott Olson
Vasc-Alert proves its technology, plans to expand into Europe.
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SCHAFIR: Businesses face tough decisions over health careRestricted Content

November 24, 2012
Harlan Schafir / Special to IBJ
Now that the election is over, it seems clearer that the Patient Protection and Affordable Care Act, or Obamacare, will likely move forward. The question is whether business owners will be able to steer their employees to state exchanges and wash their hands of health care coverage.
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Insurance customer lawsuits dog CNORestricted Content

November 24, 2012
Chris O'Malley
CNO Financial Group appears to have wrapped its arms around the cost of settling a trio of consumer lawsuits involving life insurance rate hikes, but it’s not out of the woods yet.
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Indiana legislative leaders ponder health costs

November 19, 2012
Associated Press
Indiana's top lawmakers said Monday they're not sure what to expect from the federal health care law other than greater costs at a time the state's budget is already stretched thin.
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Analyst: WellPoint CEO search down to two

November 19, 2012
J.K. Wall
According to one Wall Street analyst, the search for a new CEO for Indianapolis-based health insurer WellPoint Inc. is down to two candidates: former Aetna Inc. CEO Ron Williams and Amerigroup Corp. CEO Jim Carlson.
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Cook wins approval for new stent

November 19, 2012
J.K. Wall
Bloomington-based Cook Medical won approval for the first drug-coated stent for clogged leg arteries in the United States, which accounts for 40 percent of the soon-to-be $3 billion market.
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Lilly donating $12.4 million to United Way

November 19, 2012
 IBJ Staff
Eli Lilly and Co. said Monday it plans to give $12.4 million to the United Way, the largest single charitable donation in the company’s history.
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Lawmakers brace for health law, potential costs

November 18, 2012
Associated Press
Indiana lawmakers can add confusion over the federal health insurance law to their already overflowing plate when they return for their 2013 legislative session in January.
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States gain delay on deadline for health-law marketplaces

November 16, 2012
Bloomberg News
States received an extra month from the Obama administration to decide whether to build online marketplaces for medical insurance after Republican governors pressed their resistance to the president’s health-care law.
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Diagnotes takes top prize in health care challenge

November 16, 2012
Diagnotes LLC's On Call software, which delivers patient medical records to smartphones of an on-call doctor, won the inaugural Hoosier Healthcare Innovation Challenge.
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Pence solidifies opposition to state exchange

November 15, 2012
Associated Press
Indiana Gov.-elect Mike Pence closed the door on a state-run health insurance exchange Thursday, arguing that the estimated $50 million cost of the state program was not worth the limited autonomy granted in return.
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Drugmakers collaborate to facilitate drug tests

November 15, 2012
Associated Press
Eli Lilly and Co. and two other major drugmakers say they are collaborating in a global project aimed at getting patient tests of experimental drugs up and running more quickly and efficiently.
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Pence not ruling out health partnership with feds

November 14, 2012
Associated Press
Indiana Gov.-elect Mike Pence has ruled out building a state-run health insurance exchange but appears to be leaving open the option of running a joint venture with the federal government as a critical decision deadline draws near.
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Small biz exposure clouds WellPoint's future

November 12, 2012
J.K. Wall
WellPoint’s average small-employer client has just 8.5 lives covered on its health plan. And firms of that size are far more likely to use the new health insurance exchanges, said WellPoint Chief Financial Officer Wayne DeVeydt.
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Indy loses promising health startup

November 12, 2012
J.K. Wall
LabDoor, which soon will launch an iPhone app that assigns A-F grades to over-the-counter vitamins and medicines, moved last month from Indianapolis to San Francisco, where it received $100,000 in startup financing.
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