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Articles

Will Medicaid expansion actually work?

October 1, 2012

It would be “absurd” and a “travesty” for Indiana not to expand its Medicaid program, according to two local hospital officials. And yet other health care leaders do not expect expanded Medicaid coverage to provide nearly as much help to uninsured Hoosiers as hoped.

IBJ Commercial Real Estate Power Breakfast – transcript

September 19, 2012

A panel conversation with Katie Culp, senior managing director, principal, Cassidy Turley; Mike Higbee, president, DC Development Group; Christie B. Kelley, chief financial officer, executive vice president, Duke Realty Philip; G. Kenney, president, F.A. Wilhelm Construction Co.; Thomas K. McGowan, president and chief operating officer, Kite Realty Group; and Tadd M. Miller, CEO, Milhaus Development LLC.

Cook Medical shelves Midwest expansion plans

July 26, 2012

Life Sciences Cook Yonkman watch videoCook Medical Inc. had been planning to open five new manufacturing plants over the next five years in small communities around the Midwest, including Indiana, but has shelved those plans because of the hit it will take from a new U.S. tax on medical devices.

TAFT: Institutions must invest in neighborhoods

July 10, 2012

Local government should encourage such partnerships.

TOLLIVER: Evolving market dynamics impact medical real estate

July 3, 2012

As medical innovation continues to flourish in our city … you can expect to see a direct impact on the where and how you and your loved ones receive comprehensive medical services.

Commodities fueled some of Indiana’s largest private companies in ’11

June 13, 2012

Oil, grain were particularly helpful for cooperatives. An improved economy also propelled manufacturers ahead.

Company news

June 11, 2012

Elanco, the fast-growing animal health division of Eli Lilly and Co., wants to add 200 jobs at its headquarters in Greenfield, but says it needs taxpayer assistance to do it, according to the Greenfield Daily Reporter. Elanco asked the Greenfield City Council for a 10-year tax abatement on a $14 million expansion, which would add two buildings to the corporate campus Elanco opened in 2010. Elanco employs 475 workers there now, paying average slaries of $80,000. Elanco projects it would hire the 200 additional administrative employees—who would oversee the company’s marketing, manufacturing, finance and other operations—by the first half of 2015. The new jobs would pay on average $60,000 apiece. Elanco has been growing rapidly through both increased sales of its products for livestock and pets, as well as through acquisitions. Elanco’s revenue last year grew 21 percent to nearly $1.7 billion.

Minnesota-based UnitedHealthcare revamped its myHealthcare Cost Estimator tool for its customers in Indianapolis and 46 other markets, and now provides cost estimates based on the health insurer's actual contracted rates with physicians, hospitals, clinics and other health care providers. The cost estimator tool covers more than 100 common treatments and procedures, factoring in a UnitedHealthcare member’s specific benefits plan. It also allows health plan members to compare cost and quality information between different hospitals and physicians. And the tool even points out alternative treatment options that a patient might consider. “myHealthcare Cost Estimator meets a longstanding consumer need for thorough but simple online comparison shopping for health care by putting relevant information right at people’s fingertips,” UnitedHealthcare's Yasmine Winkler, chief product and marketing officer, said in a prepared statement. Many health insurers are rolling out tools to help consumers gauge cost and quality before making decisions on health care. This year, Indianapolis-based Anthem Blue Cross and Blue Shield expanded to more than 100 the procedures its cost-comparison tool covers. Anthem also rolled out a program in which employers can give its workers a cash payment each time they use the cost comparison tool before seeking care.

Indiana medical device companies enjoyed at least a symbolic victory last week when the Republican-led House of Representatives voted to repeal the 2.3 percent medical device tax that was part of the 2010 health reform law. The tax, estimated to raise $29 billion over the next decade, is scheduled to take effect next year. Indiana has more than 300 medical device manufacturers, employing almost 20,000 people, including Zimmer Holdings Inc., Biomet Inc., Cook Group, DePuy Orthopaedics Inc., Hill-Rom Inc. and Roche Diagnostics Corp. The repeal is not likely to even come up for a vote in the Senate, and if it does, will almost certainly be defeated by the Democrat-controlled chamber. Also, a repeal of the tax likely faces a veto from President Obama. However, the repeal vote is a sign of Republicans’ attempts to scale back the health care law that passed without a single Republican vote. The U.S. Supreme Court is expected to rule this month on the law’s constitutionality.

Greenwood eyes more office parks for I-65 corridor

May 29, 2012

Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.

Indy not ready for another big hotel, experts say

April 18, 2012

Speculation is deemed premature despite rising occupancy rates.

Tax caps zap schools in Zionsville; Lebanon district awash in cash

March 29, 2012

Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.

How key bills fared during 2012 Indiana legislative session

March 15, 2012

Right-to-work, smoking ban were only two of a long list of actions taken.

Telecommunications companies push bill to defend turf from state network

February 9, 2012

The new law would prevent the I-Light data network from straying beyond its stated mission of serving the state’s colleges and universities.

Contractor uses ‘process mapping’ to overhaul business

January 26, 2012

ProClad Inc. founder Brad Hitzfield invested in a 30-year business veteran to help him remake his
specialty construction firm when profits couldn’t keep pace with revenue.

Top 2011 news and newsmakers

December 27, 2011

The economy may be stuck in the doldrums, but government and the private sector are continuing to make huge investments aimed at strengthening the region's future. Check out IBJ‘s complete year-in-review coverage, including a photo gallery, reader poll and A&E recap.

2011 CFO OF THE YEAR: Marvin L. White

December 2, 2011

Marvin White, system vice president and CFO of St. Vincent Health, is a finalist in the not-for-profit category.

MUTZ: Several solid reasons to re-elect Ballard

October 19, 2011

There is no better example of courageous leadership in the past four years than Ballard’s handling of the financial crisis facing the Capital Improvement Board.

Waiting for construction industry to recover

October 5, 2011

The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.

Who’s Who in Education

September 30, 2011

In the last of eight installments of Who’s Who, we profile leaders in education. More than 100 individuals were nominated, representing public and private schools, secondary and post-secondary education, educational think-tanks, legislators and other organizations active in the sphere.

PANEL: Reforms to rapidly reshape health care

September 28, 2011

Reform-induced changes dominate health care panel of health care experts convened by Indianapolis Business Journal.

Who’s Who in Health Care and Benefits

September 2, 2011 | IBJ Staff

Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. This month, IBJ zeroes in on Health Care and Benefits.

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