Health Care

Worried about future, IU Health cuts 800 jobs despite profit rise

September 12, 2013
J.K. Wall
Admissions at Indiana University Health hospitals suddenly dipped 4.3 percent this year, but income from operations shot up 19 percent.
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IU Health to lay off 800 employees

September 12, 2013
J.K. Wall
The Indianapolis-based hospital system said Thursday it must make the cuts because fewer patients have been coming to hospitals and payment rates for its services have been declining.
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Drugmakers turn up marketing efforts in diabetes market

September 10, 2013
Bloomberg News
With a half-dozen new products lined up for approval within two years, the fight to win the growing $22 billion U.S. diabetes market is expected to intensify.
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Indiana University shifting 50 jobs to temp agency

September 10, 2013
Associated Press
The move is partly being made to avoid having to add those workers to the IU health insurance plan as required by the federal health care overhaul.
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Healthy Indiana Plan extends trial run a year

September 3, 2013
Associated Press
Indiana is being granted a limited extension of its Healthy Indiana Plan while state and federal health care leaders continue negotiating a possible Medicaid expansion.
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Health firm plans move to Carmel, adding 675 jobs

August 30, 2013
 IBJ Staff
American Specialty Health, a California-based provider of wellness programs, plans to lease about 90,000 square feet of office space in Carmel and open its new headquarters next June.
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China bribery probe leading to tough drug market, CEO says

August 30, 2013
Bloomberg News
Drugmakers under investigation for bribery have stopped promoting products in China, and physicians in some hospitals no longer want to meet sales representatives. Eli Lilly is among the drugmakers in China facing allegations.
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SEC accuses Indy cancer firm of being a sham

August 26, 2013
J.K. Wall
The SEC says the CEO of locally based biomedical firm Xytos Inc. has committed securities fraud since 2010 by repeatedly publishing false information to investors about the company. Timothy Cook denies the accusations.
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Indiana board considers 1-year delay of patient tests

August 22, 2013
Associated Press
Indiana's Medical Licensing Board is considering delaying for one year a proposed new rule that would require physicians to conduct annual toxicology tests on some patients as part of a larger state effort to crack down on prescription drug abuse.
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Planned Parenthood sues Indiana on abortion pill law

August 22, 2013
Associated Press
Planned Parenthood is suing to block a new Indiana law that tightens abortion pill regulations, arguing that the law wrongly targets the organization's clinic in Lafayette.
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Lilly cites 'deep concerns' over China kickback allegations

August 22, 2013
Bloomberg News, Associated Press
Eli Lilly and Co. said it is investigating allegations its employees paid Chinese doctors at least $4.9 million in bribes and kickbacks to promote the sales of two diabetes drugs.
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Dermatologists seek ban on minors using tanning beds

August 21, 2013
 The Statehouse File
Dermatologist Carrie Davis of Bloomington, a member of the Indiana Academy of Dermatology, told the legislative commission Wednesday that skin cancer is the most common type of cancer in the United States.
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Doctor charged with overprescribing painkillers

August 19, 2013
Mason King, Associated Press
Dr. Segun Rasaki, 49, prescribed drugs like hydrocodone and methadone to people who didn't need them, and submitted fraudulent insurance claims such as duplicate billings, according to court documents.
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'Sound Medicine' earning its chops in radio markets across country

August 16, 2013
Chris O'Malley
Public broadcasting station WFYI-FM 90.1 aims to expand distribution of its locally produced “Sound Medicine” show to include at least 30 radio stations in large- and medium-sized markets in the next two years.
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Lilly lung cancer drug raises patient survival in trial

August 13, 2013
Bloomberg News
If approved, the drug would be a potent boost to Lilly’s product portfolio. It would also mean a critical new therapy for a cancer that’s proven difficult to treat.
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Blue Cross reaches out over insurance law changes

August 12, 2013
Associated Press
Indianapolis-based WellPoint and other Blue Cross Blue Shield health plans are among the health insurers most aggressive in reaching out to build consumer trust and capture spending on policies.
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Roche to cut local jobs after diabetes-care sales plunge

August 5, 2013
J.K. Wall
Roche's diabetes care unit, which employs more than 900 in Indianapolis, suffered a 14-percent decline in revenue during the first half of 2013. Roche has reportedly put the unit up for sale.
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Zotec Partners plans $200 million acquisition

July 29, 2013
 IBJ Staff
Acquisition of Atlanta-based medical billing firm would zoom annual revenue at Carmel-based Zotec from $85 million to $215 million. The combined companies would employ 1,750 people.
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IU med school's research efforts have multiplied, but so have peers'Restricted Content

July 27, 2013
J.K. Wall
Retiring Indiana University School of Medicine Dean Dr. Craig Brater has, in his 13-year tenure, doubled the school's number of research-oriented faculty to 700, doubled the amount of space for them to work in, and doubled the revenue from research grants and contracts. But all that effort has hardly budged IU in national rankings.
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WellPoint expects Obamacare to boost revenue to $90B by 2016

July 24, 2013
J.K. Wall
Health care reform, long perceived as a huge threat to WellPoint Inc., is now being embraced by the insurer as a huge growth opportunity.
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Lilly shares rise after drugmaker reports solid second quarter

July 24, 2013
Bloomberg News, J.K. Wall
Strong sales and penny-pinching helped Eli Lilly and Co. beat Wall Street’s expectations in the second quarter, leading the company to raise its profit forecast for the year.
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Franciscan doubles down on accountable care

July 22, 2013
J.K. Wall
Franciscan St. Francis Health earned a $6.6 million bonus from the Medicare program for its success at keeping central Indiana patients out of the hospital and the emergency room. So the hospital system will expand its participation in so-called accountable care programs to all its Indiana territories.
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Marian's med school quest was leap of faith

July 20, 2013
J.K. Wall
Marian University, a small Catholic college started by Franciscan nuns, next month will launch just the second medical school in Indiana. Marian President Dan Elsener is credited with pulling off the audacious move with a mix of big dreaming, careful planning, deft networking and “don’t take no for an answer” fundraising.
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Lilly freezes pay for workers, executives

July 17, 2013
Bloomberg News
The pay freeze will save $400 million through 2016, said a spokesman for the Indianapolis-based company. Lilly won't give pay raises to executives, supervisors or most employees. Some bonuses will also be reduced.
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House GOP seeks delay in health care provisions

July 17, 2013
Associated Press
U.S. House Republicans pressed ahead Wednesday on delaying key components of President Obama's signature health care law, emboldened by the administration's concession that requiring companies to provide coverage for their workers next year may be too complicated.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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