April 25, 2005
Tom MurphyJust north of Indianapolis, Clarian Health Partners plans to open a 170-bed hospital this December, a suburban complement
to the 76-bed hospital it opened last December in Avon. To the south, St. Francis Hospital and Health Centers unveiled a heart
center in March, counterbalancing the two stand-alone heart hospitals that sprang up on the north side a few years ago. These
projects offer a snapshot of how health care development has progressed over the past few years in central Indiana....
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April 25, 2005
Tom MurphyFeces in the shower. Pressure sores. Dead worms in the corner of one building. "Be careful who you trust with nursing home
care," shout four billboards placed recently around Indianapolis by a union that wants to warn people about problems like
chronic understaffing at Harborside Healthcare nursing homes. Nonsense, counter Boston-based Harborside managers. They claim
the union is using isolated events to "extort" more pay and benefits from Harborside and expand union membership. Either way,
Indianapolis appears to be the...
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April 25, 2005
Patrick BarkeyThe joke about economists is that we talk about money but we don't have any. And when it comes to having power and wealth,
the status of those who compile the economic statistics we all consume is usually several notches below even that of the lowly
economist. Most are employed by government agencies, after all. And the last time I checked, I didn't see anyone from the
Forbes 100 list on a public payroll. But the numbers these anonymous statisticians...
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April 18, 2005
Patrick BarkeyIn case you've ever wondered what it is like to look at life through the eyes of an economist, here are some questions to
ponder: Has anyone else noticed that public schools these days are in the transportation business, the sports entertainment
business, the restaurant business, the health care business, not to mention the day care business? It's no wonder their jobs
are so difficult. To those who decry the risk of diverting Social Security revenue towards personal accounts in...
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April 18, 2005
Grace M.The proposed use of personal savings accounts for Social Security tax investment fundamentally changes what Social Security
was meant to provide. It was meant to be a minimum guaranteed platform of financial security in old age. If everyone could
and would save a material amount of their lifetime earnings, investing in a disciplined diversified manner, we wouldn't need
Social Security. But the reality is, that's never going to happen. The poor, non-earners and the profligate simply aren't
up to the...
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April 18, 2005
It's week five of the correction that began in early March. Major market indexes have declined anywhere from 3 percent to
8 percent, and the selling may not be over. Does it matter? Is this simply another minor setback on the march to new highs?
It definitely matters. As I've said since January, the bull market that began in March 2003 has now changed so that you can't
depend on the broad rising tide to bail you out. Micro-cap-size companies...
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April 11, 2005
Tom MurphyErin Sammons knew nothing about St. Vincent Pediatric Hospice when she gave birth to her son, Hart, last November. She just
knew that Hart had a chromosome disorder, and doctors expected his life to last only minutes or maybe days. The hospice offered
help, so she took it. Hart lived for almost a month, and Sammons said the hospice staff walked her family through every step
of that journey. "It was a tragedy, and my heart breaks every day ......
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April 11, 2005
The push to corral health care construction in Indiana returned to the General Assembly with a lower dose of momentum this
year. Several bills regulating development in one fashion or another made appearances during the session, but no major initiatives
will make it out of the Statehouse, according to advocates on both sides of the issue. Prospects for another push to install
a certificate-of-need law or a moratorium next year also appear hazy for now, say legislators who pitched bills...
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April 11, 2005
Scott OlsonA leading provider of wellness programs for large companies will triple its office space in June to meet demand from employers
eager to save on soaring health care costs. Indianapolis-based Summex Health Management Inc. and its 55 employees will vacate
10,000 square feet of office space in The Morley Group building on the northwest side and take up residence in roomier digs
in nearby Woodland Corporate Park. The Duke Realty Corp. property provides Summex nearly 30,000 square feet, or the...
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April 11, 2005
Scott OlsonWhen the former Hendricks Community Hospital underwent a name change in 2003, executives embarked on an ambitious advertising
campaign to promote the new moniker. Two years later, the modified Hendricks Regional Health has yet to abandon its marketing
blitz, although the message has changed. The hospital is wrapping up a year-long promotional push, mainly to alert newcomers
to fast-growing Hendricks County of the center's existence, and will launch a follow-up campaign in the summer. Its efforts
to muster additional name...
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April 11, 2005
Scott OlsonDr. Judith Monroe's appointment as commissioner of the Indiana State Department of Health returns her to the early days of
a practice steeped in public health. This time, though, the Carmel resident won't be treating patients living in tree houses.
That's right, tree houses. The 52-year-old Dayton, Ohio, native began her medical career in Morgan County, Tenn., in the heart
of Appalachia on the eastern edge of the Cumberland Plateau. Through a National Health Service Corps program, Monroe spent
four...
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April 11, 2005
Peter SchnitzlerIts software was supposed to become the American auto industry's standard. Instead, Powerway Inc. finds itself scrambling
once again to recover from a sudden reversal of fortune. Detroit-based General Motors Corp. has terminated its 2-1/2-year-old
agreement to implement Powerway's quality-control software throughout its supply chain. As a result, Powerway's CEO Theodore
Wozniak has stepped down and the company has fired a quarter of its work force. "It's frustrating and disappointing that,
under such great financial pressure, the American-based manufacturers are...
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April 11, 2005
Katie MaurerKatz Sapper & Miller LLP is putting its money where its employees' mouths are, helping its work force stay fit and healthy
during the hectic tax season. In an industry where numbers are king, the local accounting firm is tabulating pounds, inches
and cholesterol levels along with deductions, capital gains and tax credits. Some 58 KSM employees are participating in a
weight-loss competition from Jan. 15 to April 15. As procrastinating Americans are rushing their tax returns to mailboxes,
KSM...
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April 11, 2005
Jeffrey S.While people had sharply divided opions about the Terri Schiavo case, most could agree on one point: It's a good idea to make
sure your wishes about life-prolonging treatments are clearly known. Indiana residents can sign "advance directives" in order
to confirm their wishes about life-prolonging treatment and to authorize others to make decisions and give consents on their
behalf. Indiana law offers three main types of advance directive: the Living Will, the Health Care Representative Appointment,
and the health...
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April 4, 2005
Tom MurphyAbout half the bills Wishard Health Services used to send out came back sans payment thanks to an error. Now that happens
only 4 percent of the time, a change that saves millions, according to Wishard number-crunchers. Improvements such as these
might spur a multimillion-dollar turnaround in Wishard's ledger this year, said Matt Gutwein, the leader of Marion County's
safetynet hospital. Wishard will attempt to break even by the end of 2005, a far cry from the $77 million deficit...
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April 4, 2005
Peter SchnitzlerHatching new businesses is getting to be routine for Indiana University. So it was easy for Richard Wagner to contemplate
moving his biotech startup from Columbus, Ohio, into IU's 2-year-old business incubator on the Central Canal. "It's an excellent
facility. Every time I go up, I'm more and more impressed with it," Wagner said. "They put a lot of thought into designing
it to meet the needs of life science and biotechnology research." Wagner, who holds a doctorate in plant...
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March 28, 2005
Scott OlsonHoosiers who saw some of baseball's biggest stars testify before a congressional committee about steroids may have caught
a glimpse of former U.S. Rep. David McIntosh. The Republican Muncie native served Indiana's second district in the House of
Representatives from 1995 until 2001, and he ran unsuccessfully for governor in 2000. He is currently a partner at the Washington,
D.C., office of international law firm Mayer Brown Rowe & Maw LLP. Commuting from Indiana to the nation's capital, McIntosh's
legal...
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March 28, 2005
Ed FeigenbaumRemember when Republican Gov. Mitch Daniels felt "car-bombed" by House Democrats when they refused to provide a quorum for
votes on 132 bills? Then Senate Tax and Fiscal Policy Committee Chairman Luke Kenley, RNoblesville, must have felt last week
that his plan to help finance a new stadium for the Indianapolis Colts and an expansion for the Indiana Convention Center
was hit by rocket-propelled grenades. Kenley proposed to finance the two projects through a combination of private, state
and local...
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March 28, 2005
Tom MurphyThe Afghan boy may have arrived last month at Riley Hospital for Children with heart trouble and a need for complicated surgery.
But behind those soft, brown eyes and that adorable smile lies a 12-cylinder marketing engine. A sample of the 15-month-old's
power: Qudrat's often-reported story created at least $1 million in free media for Riley, according to hospital officials.
That's 10 times the amount Riley spends on print or broadcast advertising in a year. He could be responsible for...
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March 28, 2005
Scott OlsonThe National Federation of Independent Business is the nation's largest small-business advocacy group, representing 600,000
members in all 50 states. Its voice in Washington, D.C., is Dan Danner, an Ohio native and Purdue University graduate, who
is the organization's lead lobbyist. During a recent visit to the NFIB's Indiana office, Danner sat down with IBJ to address
issues critical to the state's smallbusiness owners. IBJ: As chief lobbyist for the NFIB, how do you get the organization's
message to federal...
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March 21, 2005
Tom MurphyThe shareholders think Lilly should separate its chairman and CEO roles. Sidney Taurel currently holds both jobs and the title
of president. The group wants an independent chairman. It's one of six shareholder proposals on the agenda for Lilly's April
18 annual meeting at its headquarters. The move would address "a leadership crisis at our company" created by the lack of
access to affordable medicines, according to the proposal listed in Lilly's recently filed proxy statement. Lilly's board
disagrees and...
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March 14, 2005
Chris O\'malleyThe annual cost of treating the secondhand-smoke-related illnesses of Marion County residents likely exceeds $16 million,
a cost borne partly by businesses that provide their employees health insurance. Businesses also shoulder harder-to-calculate
costs in the form of lost productivity and absenteeism, according to a 2002 study for the Marion County Health Department
believed to be the best estimate yet of the local impact of cigarettes. But backers of the proposed City-County Council ordinance
that would ban smoking in Indianapolis' bars...
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March 14, 2005
Tom MurphyRobin Run Village, a northwest-side retirement complex, could start spring under new management if it and other National Benevolent
Association properties are sold in the next few weeks as expected. Robin Run and 10 other NBA locations around the country
are slated to become the property of Chicago-based Brookdale Living Communities. Brookdale's parent, Fortress NBA Acquisition
LLC, bid $210 million last year to buy the senior living locations from the bankrupt NBA for Brookdale, but the deal still
has some...
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March 14, 2005
Tom MurphyAnthem Blue Cross and Blue Shield just dumped a load of extra work on the office staff of the average ear, nose and throat
specialist, according Dr. Thomas Whiteman. The WellPoint Inc. subsidiary now requires pre-approval for nonemergency, high-tech
imaging such as MRI or CAT scans. The insurer started the new policy March 1 to curb overuse. Whiteman said the average otolaryngologist-or
ear, nose and throat specialist-schedules as many as eight of these tests a day. If Anthem insures just...
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March 14, 2005
Ed CallahanAdvantis Medical Inc. manufactures custom trays and cases for orthopedic surgical devices. That core product line brought
Advantis some $5.2 million in revenue in 2004, double the amount of the previous year, said Advantis President Jim Spencer.
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We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."
My oldest daughter graduated from IU with a Secondary Education degree. She graduated with honors and spent 3 years trying to find a teaching job in Indiana. Many of her fellow education degree graduates still don't have teaching jobs. As schools downsize and cut budgets, less teaching jobs are available. I'm not sure I see why we feel the need to bring more teachers to Indiana.