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Soldiers confront insurance obstacles: Health providers reluctant to accept Tricare coverage due to low reimbursement

August 22, 2005

Karen Welch had plenty of reasons to break out the worry beads last year, even before she dealt with Tricare, her new health insurance provider. The Zionsville resident was a month pregnant with her first child when she watched her husband, Travis, leave for Afghanistan with his Indiana National Guard unit. Then she learned she had to find a new primary care physician who would accept Tricare. She also needed an obstetrician/ gynecologist and a pediatrician in the netwowrk for…

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

August 29, 2005

WellPoint Inc. and other insurers think they’ve found a hot new market-offering high-deductible individual health insurance policies to uninsured people who are young and healthy. It’s a market insurers historically may have overlooked, based on the misconception that uninsured people are poor and in bad health, said Dana McMurtry, vice president of health policy and analysis at WellPoint. Nationally, more than half the 45 million uninsured earn more than $25,000 a year and more than one-quarter top $50,000 annually, according…

How Clarian funds building projects:

September 26, 2005

Clarian Health Partners CEO Dan Evans offers a simple explanation for how the People Mover, Clarian’s futuristic rail system, came to be a few years ago. “People ask me all the time how we paid for it. I said, ‘Thank the stock market,'” he said. The bull market of the late 1990s allowed Clarian to use mostly investment income to fund the $40 million transportation project that opened in 2003 and connects its three downtown hospitals: Methodist, IU and Riley…

Backing home again: CID changes out-of-state course, invests $50M in Indiana

October 10, 2005

Indiana’s flagship venture capital firm has changed direction. Often criticized for not investing frequently enough within state lines, CID Equity Partners over the last five years has quietly put nearly $50 million to work in 10 Indiana companies. In the decade before, CID invested in just a half-dozen local deals. And after struggling to weather the 2001 recession, CID’s managers believe the wind is finally at their back. Three years ago, massive losses threatened to sink the firm. Since then,…

Coastal is in the name, central Indiana is its game: California-based firm cultivating its local operations

October 10, 2005

Despite its name, Coastal Partners LLC is firmly entrenched in the heartland. Most of its current projects are in central Indiana, as are about half its employees. In August, the Sacramento-based firm hired Tom Ott to oversee its central Indiana operations and new development. Ott, a respected 10-year veteran of the local office of Los Angeles-based CB Richard Ellis, plans to continue his relationships in the local brokerage community to further Coastal Partners’ presence in the area. Although the name…

Web service hungry for business: 46 local restaurants sign up for online takeout ordering

October 10, 2005

When pharmaceutical rep Andy Knopfmeier needed lunch for a 29-person obstetrics office he was calling on recently, he made it happen without picking up a phone or idling in a drivethrough lane. Instead, Knopfmeier-who provides lunch to doctors as a way to get in the door-went online two days before the meeting and ordered sandwiches, chicken nuggets and waffle fries from a Noblesville Chick-Fil-A. He prepaid the bill with a credit card and entered instructions on when he’d pick up…

BEHIND THE NEWS: Ex-exec cuts guilty plea; Brightpoint says it’s not a target

October 24, 2005

One of two former Brightpoint Inc. employees charged this month in an accounting scandal has agreed to plead guilty in return for receiving a prison sentence of no more than 18 months. John Delaney, 40, former chief accounting officer of the wireless phone wholesaler, could end up spending far less time behind bars. In his nine-page plea agreement filed in federal court in Indianapolis, the U.S. Attorney’s Office says it will argue for a lesser sentence. Delaney on Oct. 13…

Liquor chain looks online for growth: 21st Amendment to launch e-commerce site

November 7, 2005

Jim James drinks scotch. Just don’t pour him a tumbler from the well at the local tavern. Reach for the bottle on the top shelf with the Blue Label. And make it neat. Connoisseurs don’t waste a good single-malt on a frozen tongue. James should know. The tall, broad-shouldered CEO of Indianapolis-based 21st Amendment Inc. has built an 18-store kingdom selling spirits to everyone from lint-pocketed college students to Riedel-toting executives. The company, which began with a lone location on…

Ovation still standing: Electronics retailer faces tough decisions after Chapter 11

November 14, 2005

Best Buy now sells television sets that cost almost $10,000. Circuit City shoppers can pull a $400 DVD player off the shelves. Wal-Mart hawks “home-theaters-in-a-box.” Add it all up and it equates to a static-filled picture for Ovation Audio Video Specialists, the retailer of pricey electronic gizmos that filed for Chapter 11 bankruptcy protection last month. “We’re starting to see a diluting effect” as box retailers sell more highend merchandise, said Andy Willcox, president of the Custom Electronic Design &…

VOICES FROM THE INDUSTRY: What’s protected in United States may not be elsewhere

November 28, 2005

Globalization It’s a buzz word and opportunity; a blessing and a curse. The shrinking global marketplace can help jump start companies that learn how to navigate the morass of regulations and potential pitfalls regarding the protection of intellectual property and personal and business information outside of the United States. But compliance with U.S. laws regarding trademark, patent, privacy and other areas does not necessarily equal compliance in other countries. Successful U.S. companies can find themselves facing uphill battles if they…

GERALD BEPKO Commentary: Don’t underestimate value of teamwork

December 12, 2005

Any area of human activity can be improved by good teamwork. Teamwork requires leadership, by both those designated as team leaders and team members alike. In sports, as in life, the most valuable player is often not the person who calls the plays. Teamwork is explored in an interesting way in a 2002 book by management consultant Patrick Lencioni titled, “Five Dysfunctions of a Team.” The book is getting renewed attention because of the interest of sports leaders. Seven NFL…

A game competitor: Sales surge for maker of Gnip Gnop, What’s in Ned’s Head?

December 19, 2005

The atmosphere is lighthearted at the westside headquarters of Fundex Games Inc., where ideas sketched on cocktail napkins become award-winning games like What’s in Ned’s Head? and Alfredo’s Food Fight. And why not be happy at a company whose more tasteful games, such as Gnip Gnop and Phase 10, have helped grow revenue from $4.6 million to $20 million in the last decade? If there’s any nail-biting at Fundex it’s because this is the most important time of the year….

The entrepreneur is in – literally: Venture Center program offers select firms expert advice

December 26, 2005

The return on investment couldn’t be any better. TGX Medical Systems CEO Michael Good brought Joe Muldoon on board in April to help his company land some venture-capital funding. A few months later, it had a check for $1.5 million in the bank. The cost of Muldoon’s help: zilch. As the first Entrepreneur-in-Residence at Indiana’s Venture Center, Muldoon spent seven months this year giving a handful of young, high-growth Indiana companies free advice on everything from budgeting to fund raising….

Marsh puts itself up for sale:

December 26, 2005

Locally based Marsh Supermarkets Inc. closed out perhaps the most disappointing year in its nearly 75-year history by hanging a for-sale sign on its front door. The announcement came Nov. 29, the same day the grocer reported another disappointing quarter-this time a $3.4 million loss on revenue of $549.6 million. Marsh said it had hired Merrill Lynch to explore alternatives, including a sale, but otherwise said little. Increasing competition from large-format retailers such as Wal-Mart is partly to blame for…

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

February 13, 2006

Accusations of fraud and other misconduct are piling up against the former owner of Winona Memorial Hospital. Two companies recently joined Winona’s creditors in questioning money transfers made by Texasbased Leland Medical Centers Inc., which owned the nowdefunct Indianapolis hospital from 2002 until a short time before it closed in 2004. Meanwhile, lawyers sorting through the liquidation of Winona still have no explanation for why Leland took $3.6 million from the struggling Indianapolis hospital before it slid into bankruptcy and…

Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

February 27, 2006

Until recently, SonarMed Inc., a startup developing a new type of breathing tube, was just a mailbox at Purdue University. But having recently been awarded the first investment from the BioCrossroads’ Indiana Seed Fund, SonarMed plans to move into office space in Indianapolis, hire 15 to 20 employees before the end of the year and begin seeking U.S. Food and Drug Administration approval for its device. The Indiana Seed Fund was formed last summer and now has $6 million to…

Emerging India: Indians explore prospects in Indiana: Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park

March 6, 2006

Indians explore prospects in Indiana Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park J.V.V. Satyanarayana spent the last three years launching his Chennai, India-based software firm. But after only 24 hours in Indianapolis, he was ready to expand his operation. Satyanarayana was part of a delegation of 15 Indian executives who visited Indiana last week. His business, SVL Infotech, manages the IT end of medical billing. It has 100 employees and handles claims worth $100…

Indiana to alter Web site: Small IT firms aren’t thrilled with contract requirements

March 27, 2006

For the first time in more than a decade, Indiana is shopping for a Web portal manager. Indiana Office of Technology CIO Karl Browning is attempting to make the state’s award-winning Internet gateway even better. The hunt will also test Gov. Mitch Daniels’ “Buy Indiana” initiative, which aims to give local companies a leg up in competition for state contracts. The larger players in Indiana’s IT community say they’re pleased with the new process. But some smaller firms complain it’s…

VOICES FROM THE INDUSTRY: Green building trend should be here to stay

March 27, 2006

Trends come and go all the time in the architecture and construction fields. But one movement that is proving to be steadfast and is gaining momentum is called “green architecture.” Simply stated, it is the effort to minimize the effect of new and refurbished buildings on their environment. The green approach to building design is often seen by many as merely focusing on the recycling of building materials, but in fact addresses multiple aspects of the construction process. Green design…

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

April 3, 2006

Which of those constituent groups is most important to Brand is open to debate. Since Brand stepped down as Indiana University president to take over at the NCAA in January 2003, the association’s annual revenue has grown from $433.2 million to $521.1 million. The increase is driven largely by an 11-year, $6 billion TV contract with CBS that took effect during the 2002-2003 sports season. Under Brand’s watch, the NCAA has ushered in new sponsors, including Sirius Satellite Radio, Direct…

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Articles

Soldiers confront insurance obstacles: Health providers reluctant to accept Tricare coverage due to low reimbursement

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

How Clarian funds building projects:

Backing home again: CID changes out-of-state course, invests $50M in Indiana

Coastal is in the name, central Indiana is its game: California-based firm cultivating its local operations

Web service hungry for business: 46 local restaurants sign up for online takeout ordering

BEHIND THE NEWS: Ex-exec cuts guilty plea; Brightpoint says it’s not a target

Liquor chain looks online for growth: 21st Amendment to launch e-commerce site

Ovation still standing: Electronics retailer faces tough decisions after Chapter 11

VOICES FROM THE INDUSTRY: What’s protected in United States may not be elsewhere

GERALD BEPKO Commentary: Don’t underestimate value of teamwork

A game competitor: Sales surge for maker of Gnip Gnop, What’s in Ned’s Head?

The entrepreneur is in – literally: Venture Center program offers select firms expert advice

Marsh puts itself up for sale:

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

Emerging India: Indians explore prospects in Indiana: Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park

Indiana to alter Web site: Small IT firms aren’t thrilled with contract requirements

VOICES FROM THE INDUSTRY: Green building trend should be here to stay

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education