Health Care

MARCUS: Whose fault is poor health?

September 19, 2009
Morton Marcus
Where once we believed people were victims of disease, we now insist that illness is a reflection of choices actively made.
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Weight-loss challenges at local firms raise money for charity

September 19, 2009
 IBJ Staff
Employees 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.
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UPDATE: Pipeline challenges force Lilly restructuring moves

September 14, 2009
J.K. Wall
Since 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.
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Lilly reorganization to cut 5,500 positions over 2 years

September 14, 2009
J.K. Wall
Eli 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.
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Local health care industry tries to capitalize on migraine headaches

September 12, 2009
J.K. Wall
Migraines 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.
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Study weakens Lilly's fight against price controls

September 12, 2009
 IBJ Staff
Eli 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.
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Policyholders could pay more under Obama health plan

September 11, 2009
Associated Press
If 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.
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Medical device developer receives $1M in federal funding

September 10, 2009
Scott Olson
Indianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has received $1 million in federal funding.
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Hall-Render co-founder returns to law firm

September 5, 2009
 IBJ Staff
A co-founder of Hall Render Killian Heath & Lyman PC is returning to the downtown law firm more than a decade after he left it. Rex Killian will lead the firm’s governance consulting practice, which serves both not-for-profit and for-profit health care clients.
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Health information exchanges begin sharing medical records

September 3, 2009
 IBJ Staff
The 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.
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Venture firms recapitalize Advanced Physical Therapy LLC

August 29, 2009
 IBJ Staff
Locally 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.
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Monarch program persuades young, male workers to care about their healthRestricted Content

August 24, 2009
Marc D. Allan
Indianapolis-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.
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HETRICK: Will we distinguish the faux news from the real?Restricted Content

August 24, 2009
Bruce Hetrick
There was a time, of course, when journalists had the time, space, resources and respect to sort things out for us.

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My Health Care Manager looks to grow fastRestricted Content

August 24, 2009
J.K. Wall
Indianapolis-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.
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AIT Laboratories leaps up Inc.'s list

August 24, 2009
 IBJ Staff
The 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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HICKS: Health care experts make poor economists

August 17, 2009
Mike Hicks
In almost every place that two or more Americans gather, health care is debated. Because the bills before Congress are inaccessible, the debate has shifted instead to principles such as the role of government and individual freedoms. I think this a healthy thing.
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DailyMed sales trim Arcadia losses

August 13, 2009
J.K. Wall
Arcadia Resources Inc. narrowed its losses in its most recent quarter as it started to accelerate sales in its highly-touted DailyMed program, the company said today.
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Study: Health reform would be drag on Indiana economy

August 10, 2009
 IBJ Staff
If one of the more liberal health care reform proposals becomes law, Hoosier taxpayers would have to spend $425 more per person every year for the next decade, according to a study released Aug. 4 by Florida-based conservative policy group Arduin Laffer & Moore Econometrics.
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KOVACS: Time is now for health care reform

August 10, 2009
One of the biggest challenges facing our nation is health care reform. Despite development of the most innovative and significant advances in medical treatment, our ability as health care professionals to provide high-quality, cost-effective and continual patient care too often falls by the wayside as a result of misalignments in our health care system.
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Lilly's Effient launch just one of its many challengesRestricted Content

August 3, 2009
Greg Andrews
Eli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
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Arcadia hopes health care reform means more revenueRestricted Content

August 3, 2009
J.K. Wall
The CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company's fast-growing DailyMed service.
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St. Francis buys big cardiology practiceRestricted Content

July 27, 2009
J.K. Wall
As concern grows among medical providers that health care reform augurs lower payments, St. Francis Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its facilities.
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State law aims to attract doctors to areas in need of careRestricted Content

July 20, 2009
Scott Olson
A state law that went into effect July 1 attempts to attract young physicians and mental health practitioners to underserved areas by forgiving part of their student loans. But Indiana’s budget woes prevented lawmakers from allocating funds to support the program.
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Long-term-care business to help Wishard cover construction debtRestricted Content

July 20, 2009
J.K. Wall
To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.
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Endocyte, Purdue develop prostate cancer treatment device

July 13, 2009
 IBJ Staff
Purdue University researcher Philip Low, also the chief science officer for West Lafayette-based Endocyte Inc., has developed a prostate cancer “homing device” to help anti-cancer agents specifically target prostate cancer tumors.

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