Health Care

Sarbanes-Oxley spreads beyond public companies: Hospitals, other not-for-profits consider tightening rulesRestricted Content

February 6, 2006
Tom Murphy
Few topics might kill a cocktail conversation faster than the Sarbanes-Oxley Act, unless the dinner party includes hospital administrators, university presidents or other not-for-profit leaders. A desire to boost credibility-coupled with prodding from bond-rating ratings agencies-has broadened interest in the 4-year-old federal law far beyond the public companies it actually targets. Sarbanes-Oxley-passed by Congress in the wake of high-profile scandals at Enron, WorldCom and elsewhere-was intended to enhance financial disclosure and eliminate arrangements that could undermine the independence of auditors....
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Mr. Buick makes bid to dethrone Carson: Automobile dealer Dickerson takes grass-roots approachRestricted Content

February 6, 2006
Chris O\'malley
Eric Dickerson held his hands out, palms facing each other, as if playing an accordion. He moved them closer to illustrate the narrowing margin of victory by which 7th District congresswoman Julia Carson has won re-election since 2000. A couple of tables away in the Starbucks near Broad Ripple, the founder of a private Indianapolis company sat listening to the political polka. Suddenly, he was up and talking to Dickerson, who wants to be Carson's Republican challenger. "I want to...
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NOTIONS Playing both sides against the political middle:Restricted Content

February 6, 2006
Bruce Hetrick
Last weekend, I took my sons to see Woody Allen's "Match Point." It's about a former tennis pro named Chris who gets himself into a jam. Chris is working at an upscale London tennis club when he meets a wealthy fellow named Tom. Tom introduces Chris to his sister, Chloe, with whom he falls in love (or, at least, "in like"). To help enhance Chris' social stature and bank account, Chloe gets Chris a cushy job with her daddy's firm....
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Firms face choice: Spend or be swallowed: Independent third-party benefits administrators watch consolidation wave sweep through stateRestricted Content

January 30, 2006
Tom Murphy
For small companies, "their systems costs are just eating them alive," said Donley, president of Donley & Co. Inc. "If they lose a couple large clients, all of a sudden they go from being in the black to being in the red." Donley and others say the skyrocketing cost of doing business has triggered a wave of consolidation in the Indiana market for benefits administration. Since 2003, larger companies have gobbled or plan to gobble at least seven independently owned...
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NOTIONS: Will House protect Hoosier families?Restricted Content

January 30, 2006
Bruce Hetrick
Last fall, the Greater Indianapolis Chamber of Commerce invited members to an event called "Pancakes and Politics." The invitation said that Indiana House Speaker Brian Bosma would preview the upcoming legislative session. Ever curious, I e- mailed the Chamber and said I'd attend. When I arrived, I was puzzled. There were, indeed, pancakes. Bosma was working the crowd. But instead of signaling a legislative overview, the PowerPoint slide on the screen said we'd be hearing about the accomplishments and goals...
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Bills push for health incentives: Measures dangle carrots to quit smoking, shape upRestricted Content

January 30, 2006
Tom Murphy
A couple of state senators want to tame rising health care costs by delivering extra motivation to help government workers get in shape and other employees quit smoking. Sen. Vi Simpson, DEllettsville, has introduced a bill that would knock $100 off the annual health insurance premiums of state employees who complete a yet-to-be-designed wellness program. Sen. Beverly Gard, RGreenfield, is pitching legislation making it easier for employers to dangle incentives to curb smoking. That could lead to cash rewards for...
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Clarian finds room for luxury: Hospital one of a handful to feature spa treatmentRestricted Content

January 30, 2006
Tom Murphy
Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon's Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top...
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EYE ON THE PIE: Let's revisit the State of the StateRestricted Content

January 30, 2006
Morton Marcus
Quite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
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Clarian finds room for luxury: Hospital one of a handful to feature spa treatmentRestricted Content

January 23, 2006
Tom Murphy
Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon's Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top...
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EYE ON THE PIE: Let's revisit the State of the StateRestricted Content

January 23, 2006
Morton Marcus
Quite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
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Firms face choice: Spend or be swallowed: Independent third-party benefits administrators watch consolidation wave sweep through stateRestricted Content

January 23, 2006
Tom Murphy
For small companies, "their systems costs are just eating them alive," said Donley, president of Donley & Co. Inc. "If they lose a couple large clients, all of a sudden they go from being in the black to being in the red." Donley and others say the skyrocketing cost of doing business has triggered a wave of consolidation in the Indiana market for benefits administration. Since 2003, larger companies have gobbled or plan to gobble at least seven independently owned...
More

NOTIONS: Will House protect Hoosier families?Restricted Content

January 23, 2006
Bruce Hetrick
Last fall, the Greater Indianapolis Chamber of Commerce invited members to an event called "Pancakes and Politics." The invitation said that Indiana House Speaker Brian Bosma would preview the upcoming legislative session. Ever curious, I e- mailed the Chamber and said I'd attend. When I arrived, I was puzzled. There were, indeed, pancakes. Bosma was working the crowd. But instead of signaling a legislative overview, the PowerPoint slide on the screen said we'd be hearing about the accomplishments and goals...
More

Bills push for health incentives: Measures dangle carrots to quit smoking, shape upRestricted Content

January 23, 2006
Tom Murphy
A couple of state senators want to tame rising health care costs by delivering extra motivation to help government workers get in shape and other employees quit smoking. Sen. Vi Simpson, DEllettsville, has introduced a bill that would knock $100 off the annual health insurance premiums of state employees who complete a yet-to-be-designed wellness program. Sen. Beverly Gard, RGreenfield, is pitching legislation making it easier for employers to dangle incentives to curb smoking. That could lead to cash rewards for...
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State's plans for Larue Carter remain uncertain: New hosptal ideas are still under considerationRestricted Content

January 9, 2006
Tom Murphy
A year after the administration of then-Gov. Joe Kernan proposed building a new Larue D. Carter Memorial Hospital, the future of Indianapolis' lone state-owned psychiatric hospital remains murky. The Indiana State Office Building Commission bought an 18-acre site near the IUPUI campus in December 2004, during the waning days of the Kernan administration. State officials talked then about spending as much as $55 million to build a Larue Carter that would replace the existing hospital, which is part of an...
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Daniels' team shakes up pension fund for teachers: Retirement plan may risk more on private equityRestricted Content

January 9, 2006
Peter Schnitzler
Under Gov. Mitch Daniels, Indiana is renewing its commitment to making sure teachers receive their pensions. But in the process, the state may also put their pension principal at greater risk. State Budget Director Chuck Schalliol said the $7.5 billion Indiana State Teachers' Retirement Fund is considering expanding its holdings in private equity. The enormous pension fund already allocates 5 percent of its assets, or $240 million, toward such investments, which include venture capital, real estate and leveraged buyouts. Highly...
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Startup fills growing drug-trial niche: Indianapolis-based Anaclim focuses on recruiting minority patientsRestricted Content

January 2, 2006
Tom Murphy
A new Indianapolis company plans to attack the chronic shortage of minority patients in drug trials armed only with 11 employees and the wisdom of a couple Eli Lilly and Co. executives. However, the founders of Anaclim believe they'll find ample success by focusing exclusively on the growing push for diversity in the $10 billion contractresearch industry. Anaclim, which occupies a mostly empty office at Intech Park, could double its staff quickly and start raking in eight-figure revenue within three...
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Diversity is theme at IU med school:Restricted Content

January 2, 2006
Health care disparities and access issues are among the topics to be discussed this month when the Indiana University School of Medicine hosts its fourth annual Diversity Week. The week, which runs from Jan. 15 to Jan. 20, will include daily presentations at noon in the Emerson Hall auditorium on the IUPUI campus, according to school officials. Events begin Jan. 15 when IUPUI hosts its 36 th annual Martin Luther King Jr. Dinner at the Indianapolis Marriott downtown. The keynote...
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Drug costs on chopping block: M-Plan introduces pill-splitting programRestricted Content

January 2, 2006
Tom Murphy
Indiana's second-largest insurer, M-Plan Inc., welcomed some of its customers to the new year with a pill-splitting program that can chop prescription drug costs in half. The Indianapolis-based health maintenance organization became part of a growing crowd of insurers endorsing a money-saving concept long practiced by doctors and patients. However, pill splitting still stirs a healthy dose of concern over safety in some corners of the pharmaceutical world. "I've had arguments with insurance companies about this for years," said Skip...
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Small biz preparing wish list: Lobbyists hope to repeat past legislative successRestricted Content

December 26, 2005
Matthew Kish
But that doesn't mean the organization and its 16,000 Hoosier members will rest on their laurels for the short legislative session in 2006. The group will bring a full wish list to the Statehouse in January, lobbying against increased property taxes and health insurance mandates. It'll also petition lawmakers to restrict eminent domain seizures. Still, observers don't think the organization will have as much cause for uncorking the bubbly as it did last year. No different than last session, businessfriendly...
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Retirees from IPL face cuts: Declining assets strain trust providing benefits to 1,900Restricted Content

December 19, 2005
Chris O\'malley
A stampede of early retirements after IPALCO Enterprises was bought by AES Corp. in 2001 is forcing cuts in health and life insurance benefits starting next month. The IPALCO Enterprises Voluntary Employee Beneficiary Association has told its 1,900 participants that new members and rising health care costs have forced cuts that "are absolutely essential to extend the long-term viability of the VEBA Trust." The retirement plan's assets have fallen to $88 million from $95 million at year-end 2004, according to...
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State freeze pushes nursing care at home: FSSA clamps down on the addition of Medicaid bedsRestricted Content

December 19, 2005
Tom Murphy
Indiana regulators have put a temporary freeze on the addition of Medicaid beds to nursing homes, as part of their push to shift care out of institutions and into patient homes. The state Family & Social Services Administration enacted a 90-day rule starting Dec. 15. While it's in place, the state agency won't sign the Medicaid nursing facility provider agreements needed to add beds unless they fit within narrow exceptions. In addition to imposing the temporary rule, FSSA Secretary Mitch...
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Duke, Bremner pairing bearing fruit for both companies: Venture surpasses goals with $100 million in projectsRestricted Content

December 19, 2005
Tammy Lieber
A year after forming a joint venture to pursue health care development, Duke Realty Corp. and Bremner Healthcare Real Estate are preparing to storm the Southeast, one of Duke's stronghold markets, by opening offices in Atlanta and Miami, and by bringing on a new partner. Announced last December, Duke's and Bremner's joint venture this year locked up $100 million worth of projects, ranging from a medical office building on Michigan Road in Hamilton County to an outpatient hospital in Summit,...
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EYE ON THE PIE: Security depends on flexibility, not stabilityRestricted Content

December 12, 2005
Morton Marcus
In one word, what do we want? I suggest that word is security, physical and financial security. We want to live without fear for our lives or our livelihoods. The atrocities of 9/11 made Americans more fearful about their physical security than they had been since the early days of World War II. Our economic condition feels insecure as jobs drift to other nations, as health care costs soar, and as both public and private pension plans are threatened. To...
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BEHIND THE NEWS: Another mark against Marsh: It has big pension shortfallRestricted Content

December 12, 2005
Greg Andrews
As if Marsh Supermarkets Inc. didn't have enough problems, here's another whopper: The company has a drastically underfunded employee pension plan-to the tune of $44 million. That figure is disclosed deep within a Securities and Exchange Commission filing the company submitted in June. It shows the pension plan had assets of $39 million, less than half its $83 million in projected obligations. It's a big shortfall, and one analysts say is sure to draw the attention of potential suitors. An...
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Clarian nabs UAC building: Hospital network wins bid for former corporate headquartersRestricted Content

December 5, 2005
Tom Murphy
Clarian Health Partners is polishing a deal to buy the former Union Acceptance Corp. headquarters on North Shadeland Avenue, a move that plants a large footprint for the burgeoning hospital network squarely in a competitor's east-side back yard. Clarian made the winning bid for the 126,000-square-foot building at a Nov. 15 auction, but the sale had not closed as of Nov. 30, said Bob Getts of Colliers Turley Martin Tucker, which ran the auction. He referred all questions to Clarian....
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