BioCrossroads gets $2.5M grant from Fairbanks

January 23, 2008

BioCrossroads, the not-for-profit that promotes life sciences in the state, has received a $2.5-million grant from Indianapolis-based Richard M. Fairbanks Foundation Inc. to underwrite a series of health care information projects through 2010.

Established in 1986, the Fairbanks Foundation awards grants to Indianapolis not-for-profits that research or deliver projects related to health care, community vitality and economic self-sufficiency.

It's the third time Fairbanks has helped BioCrossroads. In 2004, Fairbanks joined BioCrossroads and other grant makers to create the Indiana Health Information Exchange, a not-for-profit that provides clinical data and quality standards to hospitals, physicians and other health care providers.

The exchange, which now includes 25 Indiana hospitals, allows members to send an average of 1 million patient information messages a month to about 5,000 physicians.

In 2006, Fairbanks Foundation awarded a $10 million grant to create the Fairbanks Institute, which studies improvements in disease prevention, diagnosis and treatment. The Institute is assembling and maintaining a database of biological samples and clinical disease information for academic and commercial research.

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