Hendricks Regional Health will construct a 100,000-square-foot emergency room and outpatient center on the north side of Brownsburg by early 2017, in an attempt to capitalize on an underserved part of the state’s second-fastest-growing county. The Danville-based hospital system expects to spend $40 million on the facility, hoping it gives the small player a leg up against the larger hospital systems—Indiana University Health, St. Vincent Health and Franciscan St. Francis Health—that also operate nearby. Hendricks Regional’s facility also will introduce a new concept to the Indianapolis market: an ER and an immediate care center located side by side.
The area surrounding Methodist Hospital at Capitol Avenue and West 16th Street could be ripe for much-needed redevelopment following Indiana University Health’s announcement that it will spend $1 billion to expand the campus. IU Health said late last month that it will construct a new medical center and tear down existing, 100-year-old buildings as part of a five- to seven-year project to transform the way it provides health care. The Methodist expansion could spur development of more restaurant choices around the hospital. The area has few options beyond McDonald’s, White Castle and Hardee’s outposts. The expansion also could spur development of apartment projects to serve the campus’ changing workforce, though the number of employees is expected to remain the same. Also poised for development is the vacant parcel at the northeast corner of 16th and Capitol, where Crawford’s Bakery once operated. The building was demolished late last year. An out-of-state owner controls the land.
Indianapolis-based HealthPro LLC plans to hire 180 employees in Indiana by 2019 as it extends its personalized health care referral service to surrounding states. The company, spun out in March from OurHealth, an Indianapolis-based employer clinic operator, has nine employees. HealthPro has raised more than $1 million to help it open up in three to five markets outside of Indiana in the next year. Since late 2013, HealthPro has built up a database of information about health care providers around Indiana—their services, hours of operation and, most importantly, prices. HealthPro uses that information to suggest health care providers to patients based on the patients’ stated preferences for price, proximity and availability. Each employer that hires HealthPro pays a monthly subscription fee for each employee. Indiana Economic Development Corp. offered HealthPro up to $1.75 million in tax credits and up to $100,000 in training grants. The incentives are performance-based, meaning the company can’t claim them until it has added jobs in Indiana.
First-quarter profit at Anthem Inc. soared above the expectations of Wall Street analysts, prompting the Indianapolis-based health insurer to raise its forecast for the rest of the year. Anthem earned $865 million during the first three months of the year, up 23 percent from the same period a year earlier. Earnings per share came in at $3.09, up from $2.40. Excluding investment losses, Anthem would have earned $3.14 per share. On that basis, analysts expected $2.67, according to a survey by Thomson Reuters. Anthem raised its full-year profit forecast, first issued in January, by 20 cents per share. The company said it now expects to earn more than $9.90 per share, excluding investment results and other extraordinary items.