Health Care

Standard Management continues perilous skid: Company reports more losses; stock value sinksRestricted Content

December 11, 2006
Tom Murphy
Standard Management Corp. stock peaked five days into 2006 at $1.55. It's spent the rest of the year in a free fall that observers believe will culminate with the company's filing for bankruptcy. The Carmel-based pharmaceuticals distributor reported a $10 million loss in the third quarter, bringing losses for the first nine months of 2006 to $14 million. The red ink, along with executive turnover and a string of failed acquisitions, has sapped investor confidence. The company's shares, which traded...
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Does gender matter in politics?: Despite high-profile wins, politics still remains a male-dominated fieldRestricted Content

December 11, 2006
Julie Young
1992 was dubbed the "Year of the Woman," when four women were elected to the U.S. Senate, but 2006 may be seen as the beginning of a new women's political movement, says Marie Wilson, president of The White House Project, a Washington, D.C.-based group that's working to advance women in political office. Indiana has made some strides, but 85 years after women won the hard-fought right to vote, the number of women in elected office at the national level hasn't...
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ECONOMIC ANALYSIS: Legislative process has its own languageRestricted Content

December 4, 2006
Patrick Barkey
It's probably not wise to admit this in a family-friendly publication, but one of my favorite comedians always has been George Carlin. The man has a genius for zooming in on the language we hear and use every day and finding nuances and symbolism that we never knew was there. Every time I land in an airplane, I have to laugh, because George Carlin reminded us how crazy it is for the pilot who landed at the same time we...
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Bipartisan control will force compromises: With campaigns over, legislators get down to business on new budget, property-tax relief and other issuesRestricted Content

December 4, 2006
Peter Schnitzler
In his 2007 legislative preview for the Indiana Chamber of Commerce, State Rep. Brian Bosma, R-Indianapolis, opened with a joke: After a politician's death, he found himself standing before the pearly gates. St. Peter offered the politician a choice of heaven or hell, prefaced by a brief preview of each. During his visit to hell, the politician was surprised to discover all his friends there. What's more, it was a terrific place to be-the most fun and raucous party he'd...
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EYE ON THE PIE: 'Tis the season for economic foolishnessRestricted Content

December 4, 2006
Morton Marcus
This is the best time of the year. Thanksgiving is over and the signs of Christmas have yet to bore us. All the truly crazy people have identified themselves by shopping on the days immediately following Thanksgiving. New and old ideas are blossoming for consideration by the Indiana General Assembly. Gov. Mitch Daniels has given us the Commerce Connector, a nifty addition to our highway road map. This would be a new outer loop around Indianapolis, serving Greenfield, Shelbyville, Franklin...
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Surveillance success: Greenwood-based security firm's rapid growth draws national noticeRestricted Content

November 27, 2006
Cory Schouten
They all have high-tech surveillance systems from Greenwood-based American Sentry Guard. The company specializes in building and distributing "intelligent video" systems capable of linking digital video with other computer-based information, such as sales transaction records. Clients include schools, banks, casinos, government agencies and small businesses. Founded in 1999 by father-son team Jack and Jeff Brummett, American Sentry has become one of the nation's fastest-growing privately held companies. This year, Inc. magazine ranked the company 150th on its "Inc. 500" list,...
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Forgotten accounts can lead to windfalls: State seeks Web vendor for unclaimed propertyRestricted Content

November 27, 2006
Peter Schnitzler
With $325 million in unclaimed property on hand, Indiana Attorney General Steve Carter has a simple request: Check the Internet to see if any of it is yours. To make the process as easy as possible, Carter is searching for a vendor to upgrade and host its clearinghouse Web site www.IndianaUnclaimed.com. The attorney general's goal is to reunite Hoosiers with their cash-and in the process reduce a significant problem for businesses that need to get unclaimed property off their books....
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NOTIONS: Let's clear the air at state schoolsRestricted Content

November 27, 2006
Bruce Hetrick
Long ago, I did some work for Special Olympics. In the process, I learned a semantic preference of the organization: One never says "mentally retarded people." One says "people with mental retardation." The rationale: These athletes are people first, not a condition. Long ago, I also did AIDS education and prevention work. In the process, I learned a semantic preference of health organizations and their clients: One never says "AIDS victims." One says "people with AIDS." The rationale: Those with...
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Clarian to put prices on its Web siteRestricted Content

November 20, 2006
Tom Murphy
Clarian Health Partners will start posting prices for care on its Web site early next year, a move aimed at advancing the national movement toward greater transparency in health care costs.
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Schools warm to economic development: Colleges crank out programs to fit latest initiativesRestricted Content

November 20, 2006
Chris O\'malley
Academic purists often hold contempt for politicians and executives seeking help with economic development initiatives. It doesn't take a political science degree to wonder if someone is trying to stoke votes, ambitions or profits-on the cheap. But in Indiana, more colleges are tailoring their curriculum to support economic development priorities, realizing what's good for the region can be good for their enrollment. "An increasing number of universities don't view themselves as ivory towers anymore," said Uday Sukhatme, executive vice chancellor...
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TAWN PARENT Commentary: Is your company wasting its talents?Restricted Content

November 20, 2006
Organizational development isn't usually my bag, but when I heard people using words like uplifting, inspiring, astonishing, cool, infectious and dynamite to describe an up-and-coming method, I decided to check it out. The method is appreciative inquiry, which is billed as a way of transforming organizations by trying to build on what's right instead of analyzing what's wrong. "You motivate people more through engaging in what's positive," said Ruth Purcell-Jones, president of Trustee Leadership Development Inc., a local organization that...
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Health summit to discuss Latinos:Restricted Content

November 6, 2006
Obesity, mental health and the "Face of the Latino Immigrant" will be among the topics spotlighted Nov. 17 at the third annual Hispanic/Latino Health Summit in Indianapolis. Dr. Maria Soto-Greene will deliver the keynote address on effectively meeting the needs of the Hispanic/Latino community. Soto-Greene is the vice dean of the University of Medicine and Dentistry of New Jersey. Juana Watson, senior adviser on Latino affairs for Gov. Mitch Daniels, will talk about the health care needs of rural Mexicans...
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NOTIONS: A memo to winning pols from the middling massesRestricted Content

November 6, 2006
Bruce Hetrick
One of my sons will vote for the first time this week. His twin got so busy with schoolwork and extracurriculars that he missed the registration deadline. With only a fraction of eligible American voters casting ballots on the Tuesday after the first Monday this November, "majority rules" once again will be a misnomer. In fact, with only the most partisan and deep-pocketed among us ruling the day and candidates pandering primarily to such activists' priorities, "fringe rules" would more...
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Cable company rolls out on-demand advertising: Comcast already has signed deal with General MotorsRestricted Content

November 6, 2006
Anthony Schoettle
People don't typically pay for on-demand cable so that they can look at advertisements, but Comcast thinks they will. It's trying to turn an old axiom-that people avoid advertising like the plague-on its ear. The Philadelphia-based company that provides cable television in much of Marion County thinks its new on-demand advertising-launched earlier this fall-will be so popular, viewers will seek out the pitches. For Comcast digital cable subscribers, accessing on-demand ads is as easy as going to their video on-demand...
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VOICES FROM THE INDUSTRY: What you should know about Life SettlementsRestricted Content

September 25, 2006
Leo Lagrotte
One fairly new investment that has gained attention in recent years is the Senior Life Settlement. What are Senior Life Settlements? Life Settlements evolved from the Viatical industry in the 1990s, when people diagnosed with terminal illnesses such as AIDS, usually facing life expectancies of three years or less, sold their life insurance policies on the secondary market to cover costs of their health care. These types of investments have gradually increased over the years and have paved the way...
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VOICES FROM THE INDUSTRY: Taxes, school, health costs challenge affluent familiesRestricted Content

September 25, 2006
Ralph Nowak
Affluent families face many threats to their wealth. But three forces eroding the legacies in almost all of them are taxes, education costs and post-retirement health care. Fortunately, with proper planning, there are steps you can take to help ensure your wealth carries you through retirement comfortably with ample left over for your heirs. Make taxes manageable Taxes may be unavoidable but they can be managed in a way that makes them less destructive to your wealth. Specifically, the alternative...
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Developer has big plans for long-vacant drive-in: N.Y. firm has 93-acre Lawrence site under contractRestricted Content

September 25, 2006
Jennifer Whitson
A 93-acre former drive-in south of the former Fort Benjamin Harrison has sat vacant since the theater closed in 1993. But now a Rochester, N.Y., developer has agreed to buy the property and envisions building retail space plus either a light-industrial business park or a medical campus. If it comes to pass, the large development could kick-start Lawrence's efforts to revitalize struggling portions of Pendleton Pike. Norry Management Corp. has had the land under contract since spring and is preparing...
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THIS WEEK:Restricted Content

September 18, 2006
11A Different takes: Local execs Jim Pearson and Jeff Smulyan disagree on the importance of companies' being locally owned. 46A What's revitalizing public schools in Kalamazoo, Mich., and causing people to return to older neighborhoods? Could it happen here? Find out in Bruce Hetrick's column. Section B: Health Care & Benefits Magazine: Is Indiana facing a shortage of physicians? Top 25 Lists: 36A Ad Agencies Corporate Relocation
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Office furniture dealers experience sales rebound: Better economy, more moves give industry a boostRestricted Content

September 18, 2006
Tammy Lieber
Indianapolis-area office furniture dealers are awash with business, following a robust national trend that has lifted the industry beyond its lows of a few years ago. As businesses have begun to move into bigger quarters since 2003, they've naturally ordered desks, chairs and filing cabinets to fill the bigger space, local dealers said. "The industry is closer to where it used to be, but I don't think we'll ever again see the kind of activity we had in the mid-...
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Making the right move: For companies planning a relocation, months of preparation are often in orderRestricted Content

September 18, 2006
Scott Olson
CORPORATE RELOCATION Making the right move For companies planning a relocation, months of preparation are often in order Employees of Aprimo Inc. are settling into their new digs at Parkwood Crossing after the fastgrowing marketing-softwaremaker moved its headquarters early last month. While the building may be different, the surroundings are quite familiar. The company remains in the same office complex, albeit across College Avenue from its previous space. But don't tell Dani Hughes, Aprimo's human resources representative who coordinated the...
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Local gallery's goal is to make Picasso more 'affordable': Prints from Modern Masters can fetch up to $30,000Restricted Content

September 11, 2006
Scott Olson
Chris Mallon carefully removed a protective cover to unveil an original print of the Campbell's Chicken Noodle Soup label famously depicted by artist Andy Warhol. The piece, known as a silk-screen print, is available at Mallon's Editions Limited Gallery of Fine Art in Broad Ripple, unframed, for a mere $23,000. So is Marc Chagall's "Violinist With A Rooster" lithograph that sells for $14,200. While the prices might seem excessive to some, they're quite affordable when compared to actual paintings done...
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St. Vincent makes bigger investment in charity care: Need drives construction of Primary Care Center set to open in mid-2007Restricted Content

August 28, 2006
Tom Murphy
Here's a lesson they don't teach in business school: Take an entity that loses $4 million annually and expand it 50 percent. That's the plan St. Vincent Indianapolis Hospital unveiled earlier this month when it broke ground on a new, larger Primary Care Center serving indigent, underinsured and uninsured patients. That population of poor, mostly Spanish-speaking patients has more than doubled its annual visits since 2000. St. Vincent officials say the new $4 million center is 10 years overdue. Their...
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Database to offer new health stats:Restricted Content

August 28, 2006
WellPoint Inc. is helping to launch Blue Health Intelligence, a resource it bills as the largest private database of health care information. The Indianapolis-based insurer is providing data culled from 14 insurance units-including Anthem Blue Cross and Blue Shield in Indiana-to a claims database of 79 million people. That database then will provide "the most detailed view available of health care trends, best practices and comparative costs," according to a statement from the company. The data collection, which will contain...
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Long-distance diagnoses are company's specialty: NearMed to provide radiology services to hospitalsRestricted Content

August 21, 2006
Tom Murphy
An Indianapolis health care startup plans to begin diagnosing patients this fall without actually seeing any of them face to face. NearMed will venture into the fastgrowing market for "teleradiology" by offering a network of doctors around the clock and radiology subspecialists who work days and evenings to read X-rays and other images transmitted over a secure computer network. The Intech Park-based company will call on radiologists in Indiana, Texas and Idaho. In addition, it will provide clients with picture...
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State's Medicaid goal: better, cheaper care: FSSA says new approach will boost efficiencyRestricted Content

August 21, 2006
Tom Murphy
Better care through better management. That's the mantra behind the Indiana Family and Social Services Administration's push to limit Medicaid's cost growth to 5 percent annually. The state entity announced this month that it awarded $4.4 billion in contracts to three managed care organizations to provide coverage for pregnant women and children under its Hoosier Healthwise program. Next, Indiana wants to hire care managers to monitor the well-being of every Medicaid recipient in its aged, blind and disabled category. That...
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