Health Care

Lilly OKs $1.5B share buyback, first quarter dividend

December 18, 2012
Associated Press
Indianapolis-based drugmaker Eli Lilly and Co. said Monday that its board authorized a $1.5 billion share-repurchase program, which the company expects to complete next year.
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Health care pricing service comes to Indy

December 17, 2012
J.K. Wall

Chicago-based OkCopay Inc. posts prices offered by Indianapolis health care providers, many of which have agreed to give cash-paying patients a price roughly equivalent to those charged to insured customers. The site also includes pricing information from health care providers that do not give cash-paying patients an additional break.

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State expects to extend Healthy Indiana Plan a year

December 14, 2012
Associated Press
The Centers for Medicare and Medicaid Services agreed to a waiver that would allow the state to continue the program unchanged for a year.
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Apartments, shops planned for old Beech Grove hospital site

December 13, 2012
Dubbed Franciscan Place, the $20 million development will feature 150-plus senior-living apartments, shops and a restaurant in the old hospital. Work is expected to begin in February.
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Lilly discontinues late-stage trial in rheumatoid arthritis

December 13, 2012
Bloomberg News
Eli Lilly and Co. said it discontinued a last-stage trial of experimental rheumatoid arthritis drug tabalumab for lack of efficacy. Lilly is still evaluating the drug in the two other late-stage studies.
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Report ranks Indiana among unhealthiest states

December 11, 2012
Associated Press
America's Health Rankings lists Indiana 41st in its annual review, which was released Tuesday. Obesity, sedentary habits, high smoking rates, low public health funding and air pollution contributed to Indiana's low rank.
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Cornerstone content with small medical developmentsRestricted Content

December 8, 2012
Local firm has carved out niche building for hospitals, physician groups.
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Lilly notifies Canada about NAFTA complaint on Strattera patent

December 6, 2012
Bloomberg News
Eli Lilly and Co. notified Canada it plans to file a trade complaint, claiming court decisions invalidating one of the company’s patents breach international obligations.
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Illinois company to hire 50 in Indy for Medicaid drug contract

December 3, 2012
J.K. Wall
Catamaran Corp. will add 50 jobs in Indianapolis over the next year to help it provide pharmacy-benefit-management services to the Indiana Medicaid program. The Illinois-based company will open an office downtown Tuesday to kick off its six-year, $60 million contract with the state.
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About 1 in 10 firms plans to drop coverage

December 3, 2012
J.K. Wall
Even as the rising cost of medical benefits has moderated, 11 percent of Indiana employers with 10 or more workers say they will terminate their medical coverage within the next five years, according to the latest survey from the benefits consulting firm Mercer.
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Home health agency closes after losing reimbursement

December 3, 2012
J.K. Wall
Carmel-based ABC Homecare LLC closed last week after state and federal authorities cut off its access to Medicare and Medicaid reimbursement due to deficiencies cited by the Indiana State Department of Health.
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Novia opens first multi-employer clinic in downtown Indy

December 3, 2012
Novia CareClinics LLC, which operates 50 clinics statewide, made its latest clinic open to other employers. Harrison College, Plews Shadley Racher & Braun LLP and McFarling Foods Inc. have joined.
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Small charity to use NBC show to boost visibility, vie for $1M prizeRestricted Content

December 1, 2012
Dan Human
The efforts of Indianapolis-based Timmy Global Health to improve health in Latin America, the Caribbean and Africa while exposing hundreds of students to the realities of the medical industry have earned it an appearance on network TV and a shot at a $1 million unrestricted grant.
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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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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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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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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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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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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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