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Articles
New rating system may boost coffers of suburban hospitals
Patients have spoken and—surprise!—they prefer suburban hospitals to inner-city or big teaching hospitals. That means a little extra Medicare money will likely flow to suburban hospitals in the Indianapolis area. But hospitals in the core of Indianapolis, and hospitals that do significant amounts of teaching medical students, may take a hit. That’s the upshot of […]
Company news
A troubled central Indiana nuclear medicine company said it plans to build a $65 million plant in Gary that would employ up to 50 people within five years, dropping plans to build a smaller facility in Noblesville. Fishers-based Positron Corp. will make radioactive medical imaging isotopes at the new plant, which will be equipped with a 70-million-electron-volt cyclotron, it said in a news release issued Friday. Cyclotrons are molecular particle accelerators that can be used to produce isotopes that can help physicians spot medical anomalies in the human body. The Gary plant will boast the nation's most powerful commercial cyclotron, the company said. Gary has approved $15 million in tax increment financing bonds for Positron and is helping the company land New Market Tax Credits worth another $15 million, Positron said. That's more than the incentives offered last year when the company said it planned to move its operations to Noblesville and build a $55 million cyclotron there, creating 86 jobs. Positron has lost tens of millions of dollars in recent years, and the U.S. Securities & Exchange Commission last year accused CEO Patrick G. Rooney of defrauding investors in a hedge fund he operates. The company has racked up more than $110 million in losses since its founding in 1983. Its accounting firm issued a "going concern" warning about Positron in 2010, raising doubt about its ability to remain in business in the long term.
Franciscan St. Francis Health will open an Immediate Care facility on Aug. 1 in the Village Park Plaza strip mall on the edges of Carmel and Westfield. The facility will operate from 7 a.m. to 11 p.m. every day, with four physicians seeing patients without appointments. Immediate Care, which Franciscan acquired in 2010, operates four other clinics around the Indianapolis area. The newest clinic will complement Franciscan’s new short-stay hospital in Carmel, which is about two miles south of the Immediate Care clinic. The new short-stay hospital offers imaging, surgery and laboratory, and includes six inpatient beds.
Westfield-based MaxIT Healthcare Holdings Inc. has agreed to sell itself for $473 million to Virginia-based Science Applications International Corp., the companies announced July 17. MaxIT’s 1,300 employees provide information technology services to hospitals and physician practices throughout the United States and Canada. Only about 75 of MaxIT’s employees are in Westfield. The company is riding a wave of hospitals’ and medical offices’ switching or adding computer systems to better track patient records, CEO Mike Sweeney told IBJ earlier this year. MaxIT saw revenue shoot up 63 percent in 2011, to $179.4 million. The acquisition is expected to close next month. MaxIT was founded in 2001 by Parker Hinshaw. Healthcare Informatics, a trade journal, ranked MaxIT the 41st-largest health IT firm in the nation in 2011, based on revenue. SAIC ranked No. 18 in the nation, with revenue from health IT businesses topping $554 million. SAIC also performs a variety of secret work for the U.S. departments of defense, homeland security and the U.S. intelligence community.
Indiana Gov. Mitch Daniels said July 17 he plans to consult his potential successors before he decides whether the state should set up a health care exchange, according to the Associated Press. States have until Nov. 16 to submit a plan to the federal government for a health exchange. Daniels said he does not want to make a decision that binds the state's next governor without consulting the candidates. "I don't consider it right for me or my administration to make such a decision that the next administration then has to implement. So I'm going to have to find some way to get input from the next governor," the Republican governor said. Libertarian Rupert Boneham, Democrat John Gregg and Republican Mike Pence are running for governor. Daniels is barred by law from seeking a third term. The U.S. Supreme Court ruled last month that the part of the federal law enabling health insurance exchanges is constitutional. States can choose to create their own exchange or have residents seek insurance via a federal exchange. The court also ruled that states cannot be forced to expand Medicaid coverage. Spokespeople for the Gregg and Pence campaigns said they look forward to working with Daniels.
For the first time, Indiana University Health in Indianapolis has been named to U.S. News & World Report's "Best Hospitals Honor Roll," a distinction that goes to the top medical centers in the country. Hospitals on the list, announced July 17, must show high expertise across multiple specialties, scoring at or near the top in at least six of 16 ranked specialties. IU Health was ranked No. 16 out of 17 hospitals on the Honor Roll. Eleven of its clinical specialties were ranked among the top 50 in the nation: cancer; diabetes; gastroenterology; nephrology; orthopedics; urology; cardiology; ear, nose and throat; geriatrics; neurosurgery; and pulmonology. The hospital's top specialty ranking came in urology, at No. 8 in the nation. U.S. News said it surveyed nearly 10,000 specialists and analyzed data for almost 5,000 hospitals to compile its rankings. Massachusetts General Hospital was ranked No. 1 in the nation for the first time, displacing Johns Hopkins Hospital of Baltimore.
Suburban hospitals charm patients
A little extra Medicare money will flow to suburban hospitals in the Indianapolis area, based on recent patient satisfaction scores. But hospitals in the core of Indianapolis—and hospitals that do significant amounts of teaching medical students—may take a hit.
People
Beth Tharp will become CEO of Community Hospital Anderson later this year, replacing Dr. Bill VanNess, who is retiring after leading the hospital for 15 years. Tharp serves as vice president of patient care services and chief nursing officer at Community Anderson. She holds nursing degrees from Anderson College and Indiana Wesleyan University, as well as an MBA degree from Anderson University.
Franciscan St. Francis Health named Becky Merkel its administrative director of compliance and privacy to oversee the hospital’s computer incident reporting systems and upgrades and ensure compliance with all laws, regulations and hospital policies. Merkel most recently held a similar position at Bluffton Regional Medical Center near Fort Wayne. She holds a bachelor’s degree in health information management from the Indiana University School of Informatics. Merkel succeeds Douglas Gioe, who recently retired from Franciscan St. Francis.
Corey Baute has been appointed chief human resources executive for Franciscan St. Francis Health, succeeding Karen Sagar. Baute most recently was chief of human resources for the Roudebush Veterans Affairs Medical Center and before that led recruiting and staffing at Indiana University Health. Baute, an Army veteran, holds a bachelor’s degree from Indiana University and a master’s in management from Oakland City University.
Local providers join Medicare ACO program
Indiana University Health, as well as a partnership of Franciscan Alliance and American Health Network, have formed accountable care organizations that won the blessing of the federal Medicare Shared Savings program.
People
Mark Morrell recently joined Krieg DeVault LLP’s health care practice in Indianapolis. He will concentrate his practice on mergers and acquisitions, managed care negotiations, finance and other corporate legal matters. Morrell was previously an attorney at Hancock Daniel Johnson & Nagle PC in Virginia. An Indianpaolis native, Morrell received a bachelor’s degree from Ball State University and did his legal training at Regent University School of Law.
State Rep. Cynthia Kirchhofer, R-Beech Grove, has been appointed risk analyst at Franciscan St. Francis Health. She will manage medical claims and cases, and oversee a program to reduce threats to hospital assets and resources. Kirchhofer joined Franciscan in 2004 after working for several law firms. She holds a paralegal certificate from IUPUI.
Douglas M. Gioe, corporate compliance and privacy officer for Franciscan St. Francis Health, will retire from his position June 20. Before coming to Franciscan St. Francis, Gioe was risk manager and quality assurance coordinator for the former Central State Hospital in Indianapolis.
Greenwood eyes more office parks for I-65 corridor
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.
Physician buyouts bruising hospitals
As St. Vincent Health has nearly doubled the number of physicians it employs over the past two years, the losses on those practices have mounted. And the same thing is happening at all the major Indianapolis hospital systems, as all have spent the past four years aggressively acquiring physician practices.
OBEIME: Poor, uninsured won’t monopolize resources
Myth prevents policymakers from attacking real problem of distributing funding.
People
Katherine Peck has been named executive associate dean for administration, operations and finance at the Indiana University School of Medicine. Peck was associate dean of financial services at the University of Florida College of Medicine. Before joining the University of Florida in 2000, Peck was the controller for several private companies in a variety of industries including biotechnology, manufacturing and environmental waste management. Peck holds a bachelor’s degree from Oberlin College and an MBA from Yale University School of Management.
Dr. Glenn Dobbs will provide obstetric services at Franciscan St. Francis Health’s Mooresville hospital. The arrival of Dobbs and the physician group he belongs to, Southside OB-GYN, helps Franciscan avoid a gap in obstetrics in Mooresville. The physician group that provides those services, Southwest Women’s Health, is scheduled to end its relationship with Franciscan-Mooresville in May. Dobbs, who specializes in high-risk obstetrics, did his medical training at Western University of Health Sciences in California.
Indy is poster child (again) for medical arms race
Indianapolis was highlighted in a new national study because its hospitals have been particularly aggressive at expanding their geographic reach—raising concerns among health insurers and even hospitals themselves that new medical facilities and market power can only lead to higher prices.
WISH turns Mini Marathon into made-for-TV drama
About 65,000 central Indiana households representing more than 115,000 viewers are expected to tune in to the 3-1/2-hour WISH-TV Channel 8 broadcast of the nation’s largest half marathon.