Hospitals

Mighty Oxford Financial loses big case with clientRestricted Content

July 20, 2013
Greg Andrews
An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.
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Doctors caught in cost-cutting crossfireRestricted Content

June 29, 2013
J.K. Wall
Physicians employed by Indianapolis-area hospitals are likely to see their pay cut in the next few years unless the hospitals find new ways to be significantly more efficient.
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St. Vincent Health eliminating about 865 jobs in Indiana

June 28, 2013
J.K. Wall
It was not clear how many workers were losing their jobs in the Indianapolis area. However, people familiar with the cuts said the reductions were heavy in the administrative ranks, and many of those jobs are on the city's north side.
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Caponi to step down as St. Vincent system CEO

June 11, 2013
J.K. Wall
After overseeing 15 years of massive growth via mergers, Vince Caponi will become an executive of St. Vincent Health's parent organization.
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IU Health agrees to sell occupational health clinics

June 7, 2013
J.K. Wall
US HealthWorks Medical Group, which specializes in workers' compensation cases, agreed in May to acquire the eight clinics. The deal is expected to close before the end of June.
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Indianapolis hospitals hit with tough bargaining environment

June 1, 2013
J.K. Wall
Aggressive construction wiped out historical territories, thus opening the door to insurers playing hospitals off each other.
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Are hospitals on trajectory to pair up?

June 1, 2013
J.K. Wall
Indianapolis-area hospitals are undergoing such profound and permanent changes that some predict, eventually the four major hospital systems will merge and shrink down to two.
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Study rebuts hospitals' argument on Medicare, rising costs

May 13, 2013
Rather than raising prices on private health insurers to make up for inadequate payments from the government, hospitals across the country have been raising prices just because they can, according to a new study.
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Feds scrutinize nursing home buying spreeRestricted Content

April 27, 2013
J.K. Wall
Indiana’s county-owned hospitals have rushed to acquire nursing homes in the past two years, opening a revenue stream for both the hospitals and the long-term-care facilities. But the additional federal revenue that has driven these purchases could come under threat.
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Health overhaul may grow Indiana addiction services

April 16, 2013
Associated Press
The possibility of thousands of Indiana residents becoming eligible for addiction treatment under the federal health overhaul has state officials and providers preparing for an expansion.
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Medical finance driving major changes in health care marketplace

April 6, 2013
J.K. Wall
Brian and Emily Kahn had virtually identical physical therapy. He paid much more than she did. Why? Because of where the therapy took place.
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IU Health to chop $1 billion off costsRestricted Content

April 6, 2013
J.K. Wall
Even though Obamacare likely will expand health insurance coverage to an extra 500,000 Hoosiers over the next few years, IU Health expects per-patient reimbursements to fall as the federal government, employers and patients all push back on sky-high health care costs.
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Study: Inpatient declines to hit all hospitals

March 11, 2013
J.K. Wall
One explanation for Indiana University Health’s decision to delay its Methodist Hospital expansion is that new “value-based” payment models appear to be pushing down hospitalization rates, according to a study released Friday.
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IU Health puts Methodist expansion plans on hold

March 11, 2013
J.K. Wall
Citing concerns about the economy and federal health reform, Indiana University Health has pressed pause on its plans to build a bed tower at Methodist Hospital that could have cost it as much as $500 million.
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Indy hospitals healthy despite sequester

March 4, 2013
J.K. Wall
While rural hospitals face sharp reductions in their operating incomes, most of the four major hospital systems based in Indianapolis will see only a marginal impact on their finances.
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Hospital systems forcing doctors to choose sidesRestricted Content

March 2, 2013
J.K. Wall
The five-year trend of physician practices marrying up with hospitals has made it harder and harder for independent physician practices to spend time in more than one hospital system.
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Sequester could sap $200M from Indiana health care providers

March 1, 2013
J.K. Wall
The sequestration plan kicking in Friday will chop Medicare payments to hospitals, doctors and nursing homes by 2 percent, beginning April 1. One study estimates that the cuts could result in 10,000-plus job losses in Indiana alone.
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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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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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Community, Wishard-Eskenazi plan 'landmark' announcement

February 18, 2013
 IBJ Staff
The health care systems would not provide details, but said the announcement would place "Indianapolis in the best position for health care reform."
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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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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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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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Indiana hospitals restrict visits to limit flu spread

January 16, 2013
Associated Press
Hospitals across Indiana announced restrictions on visitors Wednesday in hopes of preventing the spread of flu, which has claimed the lives of 27 people in the state this season.
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Franciscan, American Health join new ACOs

January 14, 2013
J.K. Wall
Franciscan St. Francis Health and American Health Network continue to get deeper into the accountable care organization concept being promoted by the federal Medicare program under the 2010 health reform law.
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