Firm tries again with personal health records
Even though Google Inc. has given up on the business of electronic personal health records, Fort Wayne-based NoMoreClipboard.com is launching a new service it thinks will crack open the market.
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MAHERN: Let teachers operate like professionals
The factory system is no longer acceptable. We now demand professionalism from our teachers and a system that adapts to each child’s particular needs.
Carmel-based company buys medical-billing firm
Zotec Partners, a fast-growing physician-billing management company based in Carmel, has acquired a family-owned medical-billing firm with 100 employees based in Florida.
Debate rages over whether Lilly’s Byetta lifts cancer risk
A German researcher disputed the validity of a study that found Byetta and another diabetes drug increase cancer risk.
IU Cancer Center recruits top researcher
Dr. Murray Korc, an internationally known pancreatic cancer researcher, comes to the cancer center as the first Myles Brand Professor of Cancer Research. The position is funded through a Lilly Endowment grant.
Anderson’s GM culture, poor health blamed for high medical costs
Residents of the Anderson area—when they paid with health insurance provided by an employer—spent 76 percent more on health care in 2009 than the average American with employer health insurance, highest among all metropolitan areas in the nation.
People
St. Francis Medical Group’s Indiana Heart Physicians has added Dr. George Blake to its practice. Blake was previously part of Premier Healthcare Inc., an internal medicine practice in Bloomington. Blake received his undergraduate degree in biology at the University of Houston and his medical degree at Baylor College of Medicine.
Q&A
Thad Johnson became CEO of Methodist Sports Medicine / The Orthopedic Specialists on June 15, the first time the 19-physician practice has had a non-physician executive.
People
Community Health Network hired Dr. Scott Reece as medical director of primary care outreach. Reece will oversee Community’s new extended care facility physician practices. He most recently served as the senior associate director of the Department of Medical Education Family Medicine Residency at IU Health Ball Memorial Hospital. He also was a family practice physician in Delaware County for 24 years.
Tony Javorka has been named chief operating officer for Community Health Network’s new integrated physician group. Javorka previously held the position of chief operating officer for practice and hospital operations at Community Heart and Vascular, a subsidiary of Community Health that includes cardiologists and the Indiana Heart Hospital. Before joining Community, Javorka served as CEO for the Indiana Heart Associates physician practice as well as senior manager of the health care group at Somerset CPAs.
Will ACOs really get off the ground?
The hype over accountable care organizations—something every major hospital in Indianapolis is moving to become—is increasingly being laced with skepticism as the economics behind the idea get more scrutiny.
Company news
Franciscan St. Francis Health’s Indianapolis hospital will be the setting for the BBC World Service radio program "World Have Your Say" on Wednesday. “We were looking for a vibrant hospital community where we could reflect the conversations that are taking place there,” Ros Atkins, host of the show, said in a prepared statement. “Through the staff, patients and their families, we hope to give one snapshot of life in America.” The one-hour show, in which topics are determined by its 45 million listeners and by guests, is broadcast daily locally at 1 p.m. on WFYI-FM 90.1.
The Indiana Spine Group physician practice opened its new Indiana Spine Center today, claiming the facility is the only one in the state to provide all aspects of spine care in one location. The 60,000-square-foot center, in Carmel near 131st and Meridian streets, has 16 exam rooms, imaging equipment, a physical therapy unit and three operating rooms. The Indiana Spine Group includes seven physicians.
Gloomy outlook for medical device makers
The next four years could be rough for makers of medical devices and orthopedic implants, including Bloomington-based Cook Medical Inc. and Warsaw-based Zimmer Holding Inc. and Biomet Inc.—and not because of the 2010 health reform law.
Study spoils common wisdom on health spending
The Thomson Reuters study that showed Anderson as the highest-spending health care market in the nation also concluded that treatment and spending vary widely from one locale to another with no clear reason based on demographics or health outcomes.
Who’s Who in Health Care and Benefits
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.
Lawyer: Expect more hospital-doc lawsuits
With hospitals having scooped up hundreds of physicians in the past three years—putting nearly all of them under non-compete agreements—there are bound to be legal tussles when some of those physicians decide their new matches aren’t exactly made in heaven.
Fair tragedy stirred Coliseum memories
On the last night of October 1963, a propane tank exploded during the final presentation of an ice show. Seventy-four members of the audience were killed.
Q&A
Angela Smith, an attorney for hospitals and physicians at Indianapolis-based Hall Render Killian Heath & Lyman P.C., spoke about Medicare’s value-based purchasing program, a federal initiative that will attempt to shift health care payments from the fee-for-service model to one based on health outcomes. On July 1, hospitals began being scored on their performance in 13 categories, including processes, patient outcomes and patient satisfaction surveys. How hospitals score could boost or diminish all their Medicare payments by as much as 1 percent, beginning in October 2012.
Company news
Another physician is leaving Indiana University Health Morgan Hospital in Martinsville to join Franciscan St. Francis Health. Dr. Thomas Lahr told the Reporter-Times of Martinsville he will make the move after Nov. 15. “I have turned in my resignation and unless the court says otherwise, I plan to leave,” he said last week. A court could become involved because earlier this month IU Health sued Lahr’s colleague, Dr. Dianna Boyer, saying she was violating a non-compete clause in her contract by moving over to Franciscan St. Francis. IU Health was denied a preliminary injunction last week seeking to stop Boyer from leaving until the case is settled. Both Boyer and Lahr would work at a new medical office near State Road 37 in Martinsville, which is opening Sept. 1. The 9,000-square-foot facility will house Indiana Heart Physicians, which is a part of the St. Francis Medical Group, as well as primary care physicians and nurse practitioners.
Arcadia Resources Inc. plans to let its stock be delisted from the NYSE Amex Equities Exchange as the company focuses instead on selling its home health care business to raise cash. Arcadia, which had been planning a huge expansion in Indianapolis, is running low on cash in part because the ramp-up of its DailyMed pharmacy service has been slower than expected. DailyMed is a service that packages patients’ medications into packets marked by the time of day or the meal at which they are to be taken. The service has major contracts with Indiana Medicaid and Indianapolis-based WellPoint Inc. DailyMed sales drove up Arcadia’s pharmacy division revenue by 7 percent, to $4.3 million, in the three months ended June 30. Arcadia’s home health care services unit posted $20.4 million in revenue, flat from the same quarter a year ago. Overall, Arcadia lost $3 million in the quarter, or 2 cents per share, compared with a loss of $4.7 million, or 3 cents per share, a year ago. In June, Arcadia announced that its auditor issued a going-concern warning about the company, because it faces a pile of debt that comes due in April 2012. After the delisting later this year, Arcadia’s shares will trade over the counter, which makes them harder to buy and sell.
Warsaw-based Zimmer Holdings Inc. is closing a plant in Statesville, N.C., and eliminating 124 jobs, according to Charlotte Business Journal. Employees will start losing their jobs in mid-October until the plant, which makes tourniquets and slings, closes by the end of the first quarter. A Zimmer spokesman said the company is streamlining its operations and will produce goods made in Statesville at other locations.
Profit and revenue rose at West Lafayette-based Bioanalytical Systems Inc. during its third quarter, as the pharmaceutical research company benefited from outsourcing by large drug companies and was also hired by small biotech firms. The company earned $418,000 in the three months ended June 30, up 45 percent from the same quarter a year earlier. Revenue rose 5 percent to nearly $8.5 million during the quarter. Bioanalytical also raised $5.5 million during the quarter in a public offering of convertible preferred shares. The new preferred shares resulted in special dividend payments of nearly $4.3 million, which are not included in the company’s profit calculation for the quarter.
Study: Hospital-doc hookups raising costs
Indianapolis doctor tell researchers that hospitals are paying more than $1 million a year to employ some cardiologists.
MYERS: Another opportunity to ban killer tobacco
Yes, for me this is personal. My father, Woodrow Sr., died of lung cancer caused by cigarettes. So did his brother Rufus. So did his brother Alphonso. So did his brother Joseph.