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Health Care
Degree combines medicine, business: IU grads put in 5 years to earn combo MD/MBA
July 11, 2005
Katie MaurerTell people you have your MD and they'll likely be impressed. Tell them you also have an MBA-well, now you're just showing
off. For four recent Indiana University graduates, however, impressing others had nothing to do with their decision to pursue
simultaneous medical and business degrees. It's all about making their way in the increasingly complicated field of health
care, where being a good doctor is about more than having the highest grades in medical school. The four students received...
MoreEmployers promoting fitness: To battle steep insurance costs, businesses help employees get healthier
July 11, 2005
Julie GoldsmithWearing a pedometer, Kelly Dircksen treads 2,000 or so steps a day at the office, racking up her highest counts in her treks
to the photocopier. Her 2-1/2-mile daily goal entails after-work walks, as well. The 34-year-old quoting specialist said her
company pays 50 percent of any fitness-related costs for her and her family, including a Weight Watchers program, running
shoes for her kids, and the entry fee for her son's marathon. "I'm definitely healthier," said Dircksen, who celebrates incremental...
MoreEducation programs provide job opportunities: Career Connections aims to curb turnover at entry level
July 11, 2005
Tracy DonhardtreporterWhen Luvinia Hollis moved to Indianapolis from Kentucky about five years ago, the then-42-year-old had few skills, so landing
a job was difficult. She lived with her sisters and got some help from her ex-husband, but trying to make ends meet on $100
a week was nearly impossible. "It was so horrible for me, you wouldn't believe," Hollis said. She worked odd jobs for the
next few years, making barely more than minimum wage. Eventually, she found her way to...
MorePurdue, Regenstrief look for ways to trim health costs: Health & Hospital Association a 'real-world' partner
July 11, 2005
Scott Olson"Ultimately, we think the benefits of the partnership will be more efficient, costeffective care to the citizens of Indiana,"
Morr said. "The bottom line is, how can we do what we do better?" Small and medium-size hospitals, which typically do not
have people on staff dedicated to study the types of issues the Regenstrief center will tackle, could benefit most from the
affiliation, Morr said. Ed Abel, director in charge of health care services for the locally based Blue &...
MoreLiving wills get surge of interest: Lawyers, caregivers, estate planners field more questions about advance directives in
wake of Schiavo case
July 11, 2005
Tom MurphyWhen Mick Meiners brings up living wills these days, his clients tend to pay more attention than they did before the Terri
Schiavo case dominated headlines. "In the past, people would say, 'Yeah, that might be something I might get to or it's something
my parents should do,'" said Meiners, a certified financial planner with Financial Plans & Strategies Inc. of Indianapolis.
The St. Vincent Hospice also has seen a spike in interest, with more phone calls from people asking...
MoreVIEWPOINT: We have a lot to learn from Henry Ford
June 27, 2005
Vince CaponiWhen Henry Ford installed the world's first moving assembly line in 1913, he changed the auto industry. Little did he know
that nearly a century later, the same tools used to create the production line would pave the way for innovations in health
care delivery. First implemented at the Highland Park Ford Plant in Detroit, the assembly line allowed individual workers
to remain stationary while performing the same task repeatedly on multiple vehicles. The line proved tremendously efficient,
helping Ford...
MoreTaking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race
June 27, 2005
IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks
that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground.
There are a lot of outside validations of that and I think it's important for this audience to hear a couple of them because
there is nothing like having people on the outside pay attention to what we're doing...
MoreClinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area
June 27, 2005
Scott OlsonSurgery centers and a heart hospital are among a host of health care facilities that have risen in burgeoning north-suburban
Hamilton County in recent years. Now, a new fertility clinic could contribute to the population surge by helping couples conceive
children. The 6,400-square-foot Follas Center for Reproductive Medicine opened late last month on East 146th Street in Noblesville
in a collaboration between several Indianapolis reproductive medicine innovators. The center is a partnership between Dr.
David McLaughlin, a local pioneer of...
MoreDebate over health care development takes legal twist: Three county-imposed construction moratoriums face federal lawsuits
June 20, 2005
Tom MurphyHospitals and developers recently filed lawsuits in U.S. District Court against three counties that enacted moratoriums to
slow health care construction in their territory. The Sisters of St. Francis Health Services Inc. sued Morgan County in April,
and some Kentucky-based companies filed complaints against Clark and Floyd counties June 13. County officials say they need
to make sure their county-owned hospitals remain viable in the face of more development. They also argue that providers want
to enter their turf and...
MoreState malpractice safety net nears big rate hike: IRMIA to start double-digit increases July 1
June 13, 2005
Tom MurphyMany health care providers who use Indiana's safety-net malpractice insurance will find it less comfortable after a 36-percent
rate increase kicks in July 1. Poor investment returns and increased enrollment, among other factors, have teamed up to force
the Indiana Residual Malpractice Insurance Authority into one of its largest premium rate increases in years, according to
Cindy Donovan, deputy commissioner of financial services operations for the Indiana Department of Insurance. Providers and
insurers say the rate hike may push some...
MoreDeparture could cost Standard millions: Former top executive seeks severance package worth about $3.8 mllion
June 13, 2005
Tom MurphyStandard Management Corp. may have to add more than $10 million to the cost of completing its shift to health care services
from financial services if a former top executive prevails with his severance claim. P.B. "Pete" Pheffer, the holding company's
former president and chief financial officer, became the latest top executive to leave Standard Management with a severance
dispute when he resigned May 31. He claims his contract calls for a severance package worth roughly $3.8 million. On top...
MoreCompany helps keep students on course: College Network offers college-study assistance
June 6, 2005
Ed CallahanThere may be no shortcuts to a college education, but Indianapolis-based The College Network says it can offer some passing
lanes for working people who want to add to their professional credentials. The College Network, 3815 River Crossing Parkway,
Suite 260, is a nationwide business that publishes educational materials for adult students who want to earn an undergraduate
degree, graduate degree or professional certification in their current field. TCN is not a school and does not provide degrees
itself, but...
MoreNew providers fill up the market for air-rescue services: Indiana sees growth spurt in helicopter transport firms
June 6, 2005
Tom MurphyMedical helicopters are filling the skies over Indiana in an unprecedented growth spurt that has sparked a heated debate about
overuse and quality of care. A market once dominated by not-forprofit Clarian Health Partners' LifeLine program has seen three
out-of-state companies plant seven new helicopter bases in central and southern Indiana over the past few years. PHI Air Medical
Group Indiana, a subsidiary of Phoenix-based PHI Air Medical Services, opened bases in West Lafayette, Anderson and Columbus
last year. They...
MoreHSAs picking up steam: Enrollment tops 1 million; biz tax breaks proposed
May 30, 2005
Scott OlsonEarlier this year, employees of Indianapolis-based N.K. Hurst Co. became part of the growing fraternity of workers in the
United States who are eligible for health savings accounts as part of their benefits package. As of March, the membership
in HSAs numbered more than 1 million people, twice as many as the estimated 438,000 in September, according to a study by
America's Health Insurance Plans. The Washington, D.C.-based trade association for insurers said enrollment numbers are growing
because more companies...
MoreWishard owner fishes growing revenue stream: Health and Hospital Corp. buys 19th nursing home
May 30, 2005
Tom MurphyThe owner of Wishard Memorial Hospital added a 19th nursing home to its investment portfolio earlier this year, as it continues
to pull revenue from a market filled with struggling competitors. Health and Hospital Corporation of Marion County purchased
American Village Retirement Community, a complex of garden homes, apartments and a nursing home near the intersection of East
54th Street and Keystone Avenue, for $2.6 million, said Matt Gutwein, Health and Hospital president and CEO. Gutwein said
the deal, like...
MoreBULLS & BEARS: To avoid pension turmoil take the money and invest
May 30, 2005
Dave GilreathOn May 13, Tiger Woods missed a putt and, for the first time in seven years, didn't make the cut in a PGA tournament. Tiger
wasn't so happy, but the guy who made the cut because of Tiger's miss was delighted. Two days before Tiger's historic miss,
in a crowded Chicago courtroom, United Airlines won permission from the U.S. Bankruptcy Court to renege on some of the pension
payments it owed to retirees and employees. The decision was historic, as...
MoreECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill
May 30, 2005
Patrick BarkeyWhen you study economic statistics for a living, it's easy to lose perspective on a lot of things. Take the labor market,
for instance. In any given month, millions of American workers are hired and fired, promoted, demoted and transferred. Some
drop out of the labor force to raise children or to go to school, while others retire altogether or begin new careers. When
the smoke clears after all those changes, the statisticians in Indiana and in Washington tally it...
MoreBusy session for insurance forces: Compact passage highlights plethora of industry-related legislation considered by the General
Assembly
May 30, 2005
Tom MurphyState lawmakers also killed a bill that offers "mandate lite" health coverage and kept the topic of vicious dogs at bay during
the 2005 legislative session. Insurance lobbyists and regulators say they just wrapped up one of the busiest sessions in recent
memory. Topics ran a wide gamut and crowded committee calendars. Last year, five industry-supported bills made it through
the General Assembly, according to Dan Tollefson, corporate counsel for the state Department of Insurance. This year, 15 did,
and...
MoreA business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state
May 30, 2005
Scott OlsonJim Atterholt may not have been the governor's top choice to lead the Indiana Department of Insurance. But the former state
representative who has dedicated his career to public service is no consolation pick, either. Those who know the 43-year-old
Atterholt say his calm demeanor and his sharp people skills should serve him well in his new role as an administrator. He
took the helm as commissioner Feb. 22, about a month after Harold Calloway declined the appointment. Atterholt since...
MoreECONOMIC ANALYSIS: Expect more rate hikes by the Federal Reserve
May 23, 2005
Patrick BarkeyIf the Federal Reserve's steady diet of interest rate increases is giving you or your business indigestion, I've got a suggestion
for you-get used to it. The inflation winds in the U.S. economy are whipping up like they haven't in almost a decade, and
it's up to our central bank to do something about it. We learned a few years ago that rapid advances in technology and globalization
didn't make the national economy recession-proof, as some foolishly boasted. It looks...
MoreVote sets up big switch for Standard: Company awaits insurance department's approval of sale
May 23, 2005
Tom MurphyWith two key shareholder votes in his favor, Standard Management Corp. Chairman and CEO Ron Hunter made major strides last
week in remaking the Indianapolis holding company. Common-stock shareholders overwhelmingly approved the sale of Standard
Life Insurance Co. and Dixie National Life Insurance Co. to Louisville-based Capital Assurance Corp. May 18. Later that day,
the company announced most of the holders of its trust-preferred securities agreed to a plan that preserves more than $20
million in cash for Standard in...
MoreTOM HARTON Commentary: The twins that hold us back
May 23, 2005
Stubbornness and stupidity are twins. I've remembered that notion from Sophocles ever since a high school friend said it to
a teacher as they argued about the way she'd scored his test. He lost that fight, but went on to become a successful lawyer.
I don't know what happened to the teacher, but I'm reminded of the phrase as I observe the decisions made by our elected representatives.
Two examples come to mind, one recent and the other long ago....
MoreSTATEHOUSE DISPATCH: With session behind him, Daniels readying for next one
May 9, 2005
Ed FeigenbaumAt the beginning of the session, Gov. Mitch Daniels told Hoosiers to fasten their seat belts. We told you to expect the session
to follow Mario Andretti's philosophy: "If everything seems under control, you're just not going fast enough." The session
began like a heat at the U.S. Nationals drag races in Clermont-quickly out of the blocks. Things seemed to bog down midway,
reminding us of the Brickyard 400. The finish held form, however, with the governor downing the legislative...
MoreTwilight fund fades away: Meanwhile, six BioCrossroads-backed VCs are just getting started
May 9, 2005
Peter SchnitzlerIts specialty is developing local life sciences startups. But its partners can't raise any more money. So the sun is setting
on Twilight Venture Partners. Meanwhile, the six venture capital firms BioCrossroads staked with its $73 million Indiana Future
Fund have just three local investments to show among them. Venture investments take time, the six IFF recipients argue. And
their first duty is to earn the high rate of return the IFF's organizers demand. That means significant proof of concept...
MoreCHRIS KATTERJOHN Commentary: Giving credit where credit's due
April 25, 2005
CHRIS KATTERJOHN Commentary Giving credit where credit's due Over the last 25 years, one of the ways we've tried to give back
to the business community that supports us is to recognize the people and companies who've made a difference. These programs
have given us the opportunity to celebrate honorees and their accomplishments both in our pages and at public events. Each
in their own way, the programs have been not only gratifying but, well, fun. I'd like to take...
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.