Health Care & Insurance

IU, Marian set to launch wave of docs

February 25, 2013
J.K. Wall
Between the new Marian college of medicine and an enrollment expansion at the Indiana University School of Medicine, the state will have 88 percent more med students by next fall.
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Testosterone for diabetes may be new market for Lilly, others

February 25, 2013
Bloomberg News
Researchers suspect the sex hormone known to increase libido and musculature could also play a role in preventing a form of diabetes that tends to strike later in life and afflicts more than 330 million people worldwide.
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Legislators struggle to nail down cost of health care expansion

February 24, 2013
Associated Press
The cost of health care for an additional 400,000 low income residents is something nobody in the Indiana Statehouse seems to be able to agree upon this year, even as the crucial decision about whether to expand Medicaid bears down on lawmakers midway through their annual session.
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Critics of WellPoint choice may not be easily swayedRestricted Content

February 23, 2013
Greg Andrews
It's way too early to declare the board dysfunctional for making a surprise choice—Joe Swedish, CEO of Michigan-based hospital system Trinity Health—for the company’s new CEO.
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Pence still angling to use Healthy Indiana Plan to expand MedicaidRestricted Content

February 23, 2013
J.K. Wall
Decisions by other Republican governors to support Medicaid expansion is increasing pressure on Indiana's governor to do the same.
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House, Pence split on state's Medicaid expansion

February 21, 2013
Associated Press
Gov. Mike Pence is battling with House lawmakers over expanding health care coverage for roughly 400,000 Indiana residents, amid concerns that the state's health care program for the poor won't be able to handle the flood of new enrollees.
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Lilly's Alzheimer’s effort may gain from brain-mapping plan

February 18, 2013
Bloomberg News
Roche AG and Eli Lilly and Co., two drugmakers racing to develop treatments for some of the least understood brain disorders, may gain the most from a U.S. government boost in funding to fully map the human brain.
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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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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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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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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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CNO Financial boosts fourth-quarter profit

February 11, 2013
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents a share. That was a 57 percent jump over the same quarter in 2011.
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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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