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International Medical Group Inc.

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Thinking of going jungle zip lining or cave tubing anytime soon? Or are you hoping to get up close to lions and elephants on a wildlife safari? Well, now you can buy health insurance to cover you while you take such adventures. Indianapolis-based International Medical Group Inc., which sells health insurance for tourists and expatriates, launched a new product this month with a rider that will cover exactly those kinds of activities. The Patriot Green Group insurance policy is aimed at “international travelers that are committed to sustainable and responsible tourism,” according to a press release from IMG. It makes donations to offset the carbon footprint created by jetting around the world for exotic thrill-seeking. But if a wild adventure proves unsustainable—as when a zip-liner pulls a George of the Jungle and hits a tree—IMG will still help its customers be green even beyond the grave. The Patriot Green Group policy can come with a feature that, when triggered by the customer’s accidental death or dismemberment, will donate $5,000 to “an environmental group that positively impacts global conservation.” Now that takes going green to a whole new dimension.

 

Butler University’s College of Pharmacy and Health Sciences this fall launched a dual degree for pharmacy students interested in doing research. Students now can earn a doctor of pharmacy degree along with a master’s in pharmaceutical sciences in six years, the same time frame required for the doctorate alone. Butler launched a similar dual degree in 2003, which combined a doctorate in pharmacy and an MBA degree.

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When customers are few, it’s time for a price cut. With only 177 Hoosiers signed up for the federal Pre-Existing Condition Insurance Plan created by the 2010 health reform law, the U.S. Department of Health and Human Services decided to drop premiums 26 percent. Now adults aged 45-54 can buy into the plan for $284 per month or $295 for a health savings account. The plan was created by the Patient Protection and Affordable Care Act (a.k.a. health care reform) to provide coverage to Americans until 2014, when health insurers will no longer be allowed to deny coverage based on pre-existing conditions. Nationwide, only 18,000 people have signed up for the plan—far below expectations. The department cut prices 40 percent or more in 17 states. In addition, the government will begin paying insurance agents and brokers this fall for connecting eligible participants to the Pre-Existing Condition Insurance Plan.

Roche Diagnostics Corp. landed an $11.4 million contract to provide laboratory testing services at military hospitals in the Washington, D.C., area. Switzerland-based Roche operates its North American diagnostic headquarters out of Indianapolis, where it employs 2,900 people. The new contract with the Medcom Contracting Center North Atlantic was awarded May 19 and will run until Sept. 30, but has four one-year renewal options. Roche equipment will conduct tests of blood and other fluids at the Walter Reed National Military Medical Center in Bethesda, Md., as well as the new Fort Belvoir Community Hospital in Virginia. Roche Diagnostics sells mid- and high-volume laboratory analyzers, such as its new cobas 8000 machine, to hospitals and academic medical centers. It also sells diagnostict machines for use by physicians in their offices and for other small-scale situations. In all, Roche's professional diagnostics business accounts for one-third of its total North American sales, or about $880 million. Roche Diagnostics also makes tests for diabetes and genetic traits, as well as gene sequencers and other diagnostic equipment. Its North American sales totaled $2.6 billion last year.

International Medical Group Inc., an Indianapolis-based seller of international health insurance policies, had signed a marketing partnership with a subsidiary of Marsh & McLennan Companies, the New York-based insurance and consulting firm. IMG’s products, which provide coverage for and coordination of medical care to individuals and groups while traveling abroad, will be marketed nationally under the Gateway brand name.

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