Some Hoosier small businesses have escaped harm so far, thanks to timely buying or marketing decisions, but others see increased gasoline expenses eating into their profits and forcing them to adjust.
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Leaders of the technology company Hc1 planned a small conference that used the appeal of the upcoming Indianapolis 500 to bring together health care leaders from around the country for a few days.
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Lesley Weidenbener and The late Philip Low’s research focus included using small molecules to reach cancer cells. His brother, Martin, spoke with IBJ about his brother’s science and where their company is heading.
Lesley Weidenbener and Richard DiMarchi still works a full schedule, researching and teaching at Indiana University.
Technology giant Intel once predicted that by 2020, the number of smart device would grow to 200 billion or about 26 smart devices for every person on Earth. But the number today is quite a bit lower.
Developers have started or are planning several projects that will convert office space into hotels.
Fans may not notice the work of the 20 people involved, but the NCAA does. It has asked other cities hosting games to try a similar approach.
Worries about the volatility of digital currencies and a plan-sponsor’s duty to protect its participants are among the concerns experts see, even as state and federal officials work to improve access.
Dozens of foreign companies are selling counterfeit James Dean products online in the United States, according to a federal lawsuit.
Lafayette-based Quantum Research Sciences develops software for quantum computers so large they fill up a room, just like the IBM mainframes from the 1950s and 1960s.
There truly is no such thing as a free lunch, or at least that’s what Arnett Health-System told drug company sales representatives last fall. The Lafayette-based system banned meals for doctors that were paid for by the salespeople, but it allowed them to continue to meet with physicians through appointments. Then that stopped Jan. 1. Now, Arnett also prohibits reps from making sales calls at its roughly 20 locations in Tippecanoe County and the surrounding area. No more free samples…
The designers of a pay-for-performance plan for doctors are about to put their theories to work. The Quality Health 1st of Indiana program will start testing its unique system for measuring performance in the next three months, and it might lead to bonus payments for doctors by the second half of 2007. Big in-state insurers like M-Plan Inc. and Anthem Blue Cross and Blue Shield of Indiana back the initiative, and several large doctor groups have signed up, too, said…
Angie’s List is preparing to bring its patented dose of consumer empowerment to your local doctor’s office. The Web-based
rating service–which started 2007 by expanding into 30 more cities–hopes to launch a pilot program in Indianapolis that
rates doctors, insurers and others in the health care business.
A cash-flow squeeze and a shortage of baby deliveries caused Monroe Hospital to stumble after its October launch. But the leader of Indiana’s newest general service hospital envisions a full recovery. The $39 million, doctor-owned hospital in Bloomington recently dropped childbirth services due to lack of deliveries, CEO Dean Melton said. Monroe also struggled with tight finances as it waited more than two months for the first revenue to trickle in. Meanwhile, a founding physician who has the hospital’s road…
Indiana’s thinly funded Insurance Department is pushing to raise nearly $1 million by hiking fees it charges insurers for the first time since 1994. The department also plans to shrink agent licenses from four years to two, in order to raise money and bolster continuing-education requirements. Insurance Commissioner Jim Atterholt hopes to win legislative approval this session for the measures, which would add $960,000 to the department’s $5.8 million operating budget and allow it to boost its work force from…
The IUPUI Solution Center soon will expand into cyberspace, launching a free Web site not-for-profits can use to network and find consultants. Its new Nonprofit Solutions Initiative will run the site and provide a database of consultants grouped by 25 areas of expertise. The site also will offer advice on how to work with them. The Solution Center, launched in 2003 with the help of a Lilly Endowment Inc. grant, helps bolster small businesses and not-for-profits. The new initiative, which…
The youth soccer teams that fill the playing fields near St. Francis Hospital-Indianapolis will take their matches elsewhere next spring to accommodate another expansion by the burgeoning hospital. St. Francis Hospital and Health Centers wants to build on 30 acres of land near the south-side hospital and Interstate 65, according to paperwork filed with Marion County. An acute-care bed tower, medical offices and a cancer center are among the expansion possibilities for the campus, which the Beech Grove-based hospital system…
A former U.S. attorney and self-proclaimed “policy wonk” has been charged with growing the Sagamore Institute for Policy Research’s
Midwestern roots. Krieg DeVault LLP lawyer Deborah Daniels became Sagamore’s second president last month.
Two Indianapolis business legends cemented their reputations for generosity in 2006 with charitable donations of $50 million and $15 million, respectively. The Indiana University School of Medicine announced in November that retail developer Melvin Simon and his wife, Bren, had committed $50 million to the school’s cancer center to recruit and retain researchers and to help with an expansion. Apartment developer Gene Glick and his wife, Marilyn, earlier in the fall announced a $15 million contribution to the Indianapolis Cultural…
A court-appointed trustee in charge of Winona Memorial Hospital’s bankruptcy says he believes former owners fleeced it for
more than $4 million. But he has little to show from his two-year quest to recover money for creditors and now is winding
down the case.
Long-time Indianapolis business leader Jim Cornelius jumped from one daunting challenge to another in 2006. He started the year as chairman and CEO of Guidant Corp., as it weighed a possible sale to either New Jer sey-based Johnson & Johnson or Massachusetts-based Boston Scientific Corp. After Boston Scientific won, Cornelius became acting CEO of New York-based Bristol-Myers Squibb Co. in September. Cornelius stayed with Guidant from start to finish. He left his position as chief financial officer at Eli Lilly…
Massachusetts-based Boston Scientific Corp. finally sealed its purchase of Indianapolis medical device maker Guidant Corp. in April. But it was still paying a price for the $27-billion deal as 2006 wound to a close. Boston Scientific shares have tumbled since the deal closed, partly because of concern that its signature product, drugcoated stents that prop open obstructed heart vessels, can sometimes cause fatal blood clots. But many of the company’s difficulties relate to product-liability problems at Guidant, one of the…
