IU Health

Struggling hospital finds buyer, enters bankruptcy protection

August 12, 2014
 Bloomberg News and IBJ Staff
Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.
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Wishard site could hold new hospital for IU Health

August 2, 2014
J.K. Wall
The site of the former Wishard Memorial Hospital could become home to a new combined downtown hospital for Indiana University Health.
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Hospitals' occupancy declining over long termRestricted Content

July 19, 2014
J.K. Wall
Advances in non-invasive surgeries, changes in health care financing and now increasingly price-sensitive patients accelerate what has been a 40-year decline in the number of patients spending the night in hospitals.
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IU Health consolidation would cut 3 downtown hospitals to 2

June 20, 2014
J.K. Wall
Indiana University Health wants to consolidate its University and Methodist hospitals into one downtown location, a plan that would see one or both facilities close or be converted to another use.
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IU Health to merge 2 downtown hospitals

June 20, 2014
J.K. Wall
Indiana University Health wants to merge two of its big downtown hospitals—University and Methodist—into one location, meaning either one or both would close or be converted to another use.
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Teamwork transforming care at IU Health's Saxony hospitalRestricted Content

May 31, 2014
J.K. Wall
Getting everyone into the same room prior to surgeries is cutting costs and improving health.
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Hospitals might limit executives' pay hikes after run of big increases

May 3, 2014
J.K. Wall
Before local hospitals slashed staff and expenses last year, they had been boosting the pay packages of their top executives faster than hospitals around the country. Seven of every 10 senior executives at the major hospital systems in Indianapolis saw their total compensation rise more than 10 percent from 2010 to 2012.
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Hospitals rethinking a la carte pricingRestricted Content

April 26, 2014
J.K. Wall
Indianapolis hospitals have begun to offer joint replacement surgeries to employers and insurers using “bundled prices.” That means, instead of billing piecemeal for each individual service and supply, the hospitals wrap everything needed from just before to just after surgery into a package deal.
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IU Health doctors to do surgeries in WisconsinRestricted Content

April 5, 2014
J.K. Wall
Indiana University Health was chosen by a hospital system in Wisconsin to provide heart, lung, esophagus and aorta surgeries there after the surgeons the hospital system had been using became employed by a competing provider.
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IU Health suffers small decline in 2013 profit

March 31, 2014
J.K. Wall
Indiana University Health’s business deteriorated last year in nearly every area. But price hikes and a surge in outpatient visits to Indianapolis-area facilities mostly offset those problems.
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IU Health, UnitedHealthcare reach end to contract dispute

February 6, 2014
J.K. Wall
The new two-year agreement gives UnitedHealthcare discounted rates retroactive to Jan. 1. Such discounts, which insurers negotiate with hospital systems, reduce prices 30 percent or more.
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New tiered network trips up IU Health, UnitedHealthcare talks

January 27, 2014
J.K. Wall
In spite of offers to strike a short-term extension, UnitedHealthcare and Indiana University Health are still hung up in contract negotiations on one key point: Minnesota-based UnitedHealthcare wants to create a multi-tiered network of providers and services that would offer the lowest co-pays and deductibles for favored hospital systems—which IU Health is not.
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Reorganization leaves Methodist Hospital prez without job

January 23, 2014
J.K. Wall
Jim Terwilliger had led IU Health's two flagship hospitals since July 2012, when longtime executive Sam Odle retired. The CEO of Riley Hospital for Children will replace him temporarily.
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Contract between UnitedHealthcare, IU Health to expire

December 31, 2013
J.K. Wall
IU Health has decided to still give patients the same "in network" co-pays and deductibles that UnitedHealthcare had negotiated under the expiring contracts, keeping patients’ costs the same until a new deal is reached.
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IU Health gears up to take on insurers

November 30, 2013
J.K. Wall
Indiana University Health, already the state’s largest hospital system, is now ramping up to compete against Anthem, UnitedHealthcare and other health insurers.
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IU Health latest to voice opposition to marriage amendment

November 26, 2013
IU Health, the state’s fourth-largest employer, said it was opposing a proposed amendment against same-sex marriage for health-related reasons.
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Suburban Indy hospitals see health care reform as ally

November 23, 2013
J.K. Wall
For years, the county-owned hospitals ringing Indianapolis have watched warily as the city’s four major hospital systems used their superior size and resources to push ever outward into the suburbs.
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IU Health now says 935 jobs affected by reductions

October 2, 2013
Associated Press
Indiana University Health now says it will cut more than 900 jobs in a reorganization. That's at least 100 more than announced nearly three weeks ago.
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Anthem prez: Expect 'crickets chirping' on Oct. 1

September 30, 2013
J.K. Wall
Anthem Blue Cross and Blue Shield President Rob Hillman expects a slow start to the Obamacare exchanges, with fewer than one-third of uninsured people buying coverage there.
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Anthem to omit some big hospitals from exchange networkRestricted Content

September 14, 2013
J.K. Wall
Most of Indianapolis’ major hospitals and physician practices will not be available through Anthem’s exchange plan, but instead will be working with a health plan run by Indianapolis-based MDwise Inc.
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Worried about future, IU Health cuts 800 jobs despite profit rise

September 12, 2013
J.K. Wall
Admissions at Indiana University Health hospitals suddenly dipped 4.3 percent this year, but income from operations shot up 19 percent.
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IU Health to lay off 800 employees

September 12, 2013
J.K. Wall
The Indianapolis-based hospital system said Thursday it must make the cuts because fewer patients have been coming to hospitals and payment rates for its services have been declining.
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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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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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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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