Health Care & Life Sciences

IU docs in middle of Community-Wishard deal

February 18, 2013
J.K. Wall
The new partnership between Community Health Network and Wishard Health Services could put a third health care entity in an awkward position: the Indiana University School of Medicine. Virtually all of the nearly 1,100 physicians who practice at Wishard Memorial Hospital and its community clinics come from the IU medical school.
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Med school names six finalists for dean

February 18, 2013
J.K. Wall
Half of the candidates to replace retiring dean Dr. Craig Brater are from the IU medical school and the other half are outsiders, according to a release issued Monday by the Indiana University School of Medicine.
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UPDATE: Primary care at heart of hospitals' deal

February 18, 2013
J.K. Wall
Community Health Network’s new partnership with Wishard Health Services will create a primary-care behemoth that the systems argue will put them in the best position possible to handle the changes coming from federal health reform.
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Community, Wishard to form joint operating agreement

February 18, 2013
J.K. Wall
The partnership will create a new board to oversee and coordinate the operations of both systems, according to internal messages sent to Community stakeholders. Community Health CEO Bryan Mills will be the CEO of the new joint-operating entity.
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Anthem tries new 'narrow network' strategyRestricted Content

February 16, 2013
J.K. Wall
Anthem Blue Cross and Blue Shield has selected Community Health Network to be the “exclusive provider” for a new kind of health insurance plan—a sharp departure from Anthem’s typical strategy of offering the broadest network of hospitals and doctors.
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WellPoint exec Carlson leaving insurer after losing CEO bid

February 15, 2013
Bloomberg News
Former Amerigroup Corp. CEO James Carlson will leave WellPoint Inc., the company said Friday—three days after he was passed over for the Indianapolis-based insurer's top job.
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Lilly to expand partnership with diagnostic firm

February 14, 2013
 IBJ Staff and Associated Press
Diagnostic products maker Qiagen NV said Wednesday that it will work with Eli Lilly and Co. to develop new tests that could identify patients who could be helped by Lilly's drugs.
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WellPoint shares tumble on surprising CEO hire

February 13, 2013
J.K. Wall
The Indianapolis-based health insurer saw its stock tumble as much as 4.8 percent Wednesday morning after it unexpectedly named career hospital executive Joe Swedish to be its next CEO.
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WellPoint taps Catholic hospital system chief as new CEO

February 12, 2013
J.K. Wall
Joe Swedish, CEO of Michigan-based Trinity Health since December 2004, will replace Angela Braly, who was forced out in August.
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Q&A

February 11, 2013
J.K. Wall

Don Kelso is executive director of the Indiana Rural Health Association. The trade group is trying to help its members navigate the changes coming from health care reform and the financial pressures being created by federal budget cuts. The association recently launched a service for its members called SuiteStats, which is data-management software to help hospital executives identify areas ripe for cost-cutting.

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Pressure rises on lawmakers to expand Medicaid

February 11, 2013
J.K. Wall

Up until now, Gov. Mike Pence and his fellow Republicans in the Legislature have been playing a game of poker with the Obama administration over a potential expansion of Indiana’s Medicaid program. But all of a sudden, Indiana’s hand just got quite a bit weaker.

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'12 worst year for life sciences since 1990s

February 11, 2013
J.K. Wall
To understand why Indiana’s life sciences entrepreneurs are frustrated with the flow of venture capital, look no further than this statistic from a recent PricewaterhouseCoopers report: 2012 was the slowest year for first-time life sciences investment since 1995.
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Hospitals paying big to snag surgeonsRestricted Content

February 9, 2013
J.K. Wall
Across the four largest hospital systems in central Indiana, six physicians received more than $1 million in compensation in 2011 while two others received more than $900,000 and nine others received $700,000 or more, according to the hospitals’ most recent reports to the IRS.
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Indiana Democrats to seek Medicaid expansion

February 8, 2013
Associated Press
Democratic leaders in the Indiana General Assembly are seeking expanded Medicaid coverage with the argument that it will lower health care costs statewide.
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Lilly halts late-stage testing of rheumatoid arthritis drug

February 7, 2013
Bloomberg News
Eli Lilly said it is halting testing of experimental drug tabalumab because the studies show the medicine is not effective. The company said it expects to take a $50 million charge in the first quarter related to the research expenses from the drug.
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Struggling Greenwood biotech firm finds buyer

February 7, 2013
 IBJ Staff
Elona Biotechnologies Inc., which has been struggling to repay Greenwood for more than $8 million in economic development incentives, says it has solution to its financial problems.
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Pence rules out Medicaid expansion in current form

February 6, 2013
Associated Press
Gov. Mike Pence said Wednesday that he has ruled out expanding Medicaid under the federal health care law unless Indiana gets approval to use state health savings accounts for the expansion.
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Lilly aims to submit five new drugs for approval

February 4, 2013
J.K. Wall
With Eli Lilly and Co. set to see patents expire on its best-selling drug at year’s end, it is in the company’s interest to say its pipeline is about to produce new drugs. But the Indianapolis drugmaker may be in a position to submit five new drugs for regulatory approval this year.
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Community taps Walgreens for health reform help

February 4, 2013
J.K. Wall
In the era of health care reform, hospitals will face two new challenges: They will need to run higher-volume, lower-margin businesses, and they’ll be on the hook financially for what patients do even when they’re not receiving health care. Community Health Network’s new partnership with Walgreens’ Take Care Clinics is designed to help address both issues.
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Health care startups hungry for fundsRestricted Content

February 2, 2013
J.K. Wall
Frustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create a dedicated funding stream that could total $30 million a year.
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Law firm adds pharmacy practiceRestricted Content

February 2, 2013
Hall Render Killian Heath & Lyman will draw on existing expertise within the firm to create the 10-member group.
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Zimmer's earnings slip, but beat expectations

January 31, 2013
 IBJ Staff
Fourth-quarter profit fell 2 percent at Zimmer Holdings Inc. due to large accounting charges, but still beat the estimates of Wall Street analysts.
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Cold medicines could face tighter limits in Indiana

January 29, 2013
Associated Press
An Indiana Senate committee has backed tougher limits on quantities consumers may buy of cold medications that can be used to make methamphetamine.
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Lilly's profit drops 4 percent, but beats analysts' estimates

January 29, 2013
J.K. Wall
Price increases and sales gains helped Eli Lilly and Co. offset declining revenue from its former blockbuster Zyprexa in the fourth quarter, allowing the company to beat analysts' expectations and raise its 2013 profit forecast.
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Life sciences consultancy plans to expand, add 38 jobs

January 29, 2013
Indianapolis-based Pearl Pathways, founded by two former Eli Lilly employees, plans to move into new space in March and add the jobs by 2016.
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