Health Care & Life Sciences

Hospitals seek mergers to save costsRestricted Content

November 17, 2008
J.K. Wall
Marion County hospital systems anticipate more mergers, possibly with each other.
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Anthem: tops in Indiana, but middle of the road nationallyRestricted Content

November 17, 2008
Anthem Blue Cross and Blue Shield of Indiana ranked highest among health care plans that primarily serve Indiana, but didn't even crack the top 100 nationally in a new study.
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New health plans will cost more laterRestricted Content

November 17, 2008
Consumer-driven health plans will lead to greater medical expenses later because people avoid going to the doctor now.
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As workers lose jobs, Shelbyville hospital loses moneyRestricted Content

November 17, 2008
Because major employers in Shelby County have laid off workers, Major Hospital isn't getting as much income from employer-based medical insurance plans.
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Indianapolis eye surgeon popularizes new transplant techniqueRestricted Content

November 10, 2008
J.K. Wall
Dr. Francis Price Jr. has brought hundreds of eye surgeons to Indianapolis to train them in how to use a new cornea transplant technique that has swept the ophthalmology field—DSEK, which stands for Descemet's stripping endothelial keratoplasty.
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Old St. Francis Hospital may become mix of retail, senior apartments, officesRestricted Content

November 10, 2008
The city of Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. Tentative plans call for a mix of office space, apartments for seniors, and retail space.
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St. Francis Hospitals, Anthem disagree over health insurance reimbursementsRestricted Content

November 10, 2008
The St. Francis hospital system and Anthem Blue Cross and Blue Shield of Indiana are haggling over insurance reimbursement costs. The original demand of Sisters of St. Francis Health Services Inc. would have increased reimbursement amounts $80 million over three years, Rick Rhodes, an Anthem regional vice president, wrote in an Oct. 30 letter to employers covered by Anthem. The increase would mean $12 million more in out-of-pocket costs to Anthem customers. But St. Francis claims its request for an increase only brings it in line with what other hospitals are getting.
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Hoosiers need greater access to quality health careRestricted Content

November 10, 2008
Morton Marcus
Indiana's economic woes are long standing and may be having an adverse effect on the health of our people, because Hoosiers can't consistently gain access to excellent health care.
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Pacers, Clarian Health offer free health screeningsRestricted Content

November 10, 2008
On Oct. 31, the Indiana Pacers announced a partnership with Clarian Health to improve health awareness for area residents.
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Study says consumerism cuts costsRestricted Content

November 3, 2008
Consumer-directed health plans really work, at least according to WellPoint Inc., which has made a big push to sell them recently.
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OneAmerica well positioned to acquire other insurance companiesRestricted Content

November 3, 2008
J.K. Wall
OneAmerica Financial Partners Inc. has made no secret of its desire to acquire other companies. Well, if it wants to buy, it could hardly find a better time.
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Winona lacks evidence to prove fraudulent money transferRestricted Content

November 3, 2008
The trustee for Winona Memorial Hospital lost in court against the hospital's former owner earlier this month — but not without receiving a bit of vindication from the judge in the case.
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Hospitals suffer from spiking bond interest rates, investment lossesRestricted Content

November 3, 2008
J.K. Wall
Indianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their investment portfolios and are trying to save cash any way they can.
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WellPoint, St. Francis battle over insurer's IT problemsRestricted Content

October 20, 2008
J.K. Wall

A year of computer snafus boiled over Oct. 13 when the St. Francis system declared WellPoint Inc. in breach of its contract because of habitually late payments.


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Lilly buys ImClone as part of strategy to capitalize on cancer-drug marketRestricted Content

October 13, 2008
J.K. Wall

Eli Lilly and Co. has written a $6.5 billion IOU to acquire the cancer drugs of ImClone Systems Inc. Cancer drugs are now the best-selling class of drugs in the world and one of the fastest growing.


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Rooney's death spawns uncertainty for struggling insurance company, not-for-profitRestricted Content

October 6, 2008
J.K. Wall

After the unexpected death of insurance magnate J. Patrick Rooney, two organizations he led until the day he died are scrambling to figure out who will lead them into the future.


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Ex-WellPoint VP sues, says he was axed for testifying in drug caseRestricted Content

August 18, 2008
J.K. Wall

WellPoint Inc. prides itself on working to hold down the rising cost of health care. But to hear one of its former vice presidents tell it, the company retaliated against him when he worked to do just that. In a lawsuit against WellPoint, Dr. Randy Axelrod claims his former employer forced him out when he tried to curtail a drugmaker's controversial pricing strategy that was costing WellPoint money.


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Lilly taps hedge fund to cut research costs for Alzheimer's drugsRestricted Content

August 11, 2008
J.K. Wall

Eli Lilly and Co.'s unorthodox efforts to develop new treatments for Alzheimer's disease--if successful--could usher in a new approach to drug development. The Indianapolis-based pharmaceutical company announced that a New York hedge fund, TPG-Axon Capital, will invest up to $325 million to help cover the exorbitant development costs of two experimental compounds to treat Alzheimer's disease.

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WellPoint expected to look for growth overseasRestricted Content

July 28, 2008
J.K. Wall
WellPoint Inc., the most dominant health insurer in the United States, registers as barely a pipsqueak in the rest of the world. But it's only a matter of time, say industry experts, before WellPoint plunges into foreign markets to grow sales of its health benefits and services.
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New president shakes up nursing home group: Three quarters of staff leaves within months of arrivalRestricted Content

July 21, 2008
J.K. Wall
Steve Smith has shaken up the Indiana Health Care Association so much, the group representing Indiana's for-profit nursing homes is hardly recognizable to those who knew it before. And the way Smith tells it, he's just getting started.
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Dry cleaner's fight against sons' rare disease could lead to other life-saving treatmentsRestricted Content

July 21, 2008
Anthony Schoettle
Nathan's Battle Foundation, led by Phil Milto--who has two sons afflicted with the disease--has evolved over 10 years into what Milto calls a not-for-profit biotech company that has raised money and guided research that resulted in a promising treatment for Batten disease. Now, some of the gene therapy techniques researchers developed are being applied to other disorders.
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Community Health CEO Corley preparing for 'something different'Restricted Content

June 16, 2008
J.K. Wall
This month, 65-year-old Bill Corley gave his 18 months' notice that he will be retiring as CEO of Community Health Network, the third-largest hospital network based in Indianapolis. Perhaps Community's board of directors needed so much time to replace a man who has held his post so long-nearly 25 years. When Corley arrived in 1984, Community consisted of just one hospital on Indianapolis' east side. Today, it has five.
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WellPoint 401(k) participants sue over decline in stock priceRestricted Content

June 9, 2008
J.K. Wall
Angela Braly, Wayne DeVeydt and the rest of the top brass at WellPoint Inc. face wrath over the company's recent stock swoon from a new group: ex-employees. Four former WellPoint workers have filed lawsuits against the Indianapolis-based health insurance giant over the losses its 401(k) retirement plan suffered in March when the company slashed its profit forecast for the year.
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Clarian blazes trail with transplants, but some question its zealRestricted Content

May 19, 2008
J.K. Wall
Clarian Health this decade has transformed its transplant program into one of the busiest in the country. Its team of surgeons takes calls around the clock if a viable organ becomes available. They will hop on a charter plane to check out an organ other doctors don't want.
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Hospitals are mixed bag for rural economiesRestricted Content

May 12, 2008
J.K. Wall
Around Indiana, hospitals continue to grow and add workers, increasing their role as an economic driver to the state's economy. But health care reformers say hospital growth has a double edge, as higher health care costs dampen growth prospects for other Indiana employers and their workers.
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