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Articles
Best and worst of times for new docs
Medical residents are getting more job offers than before, yet greater numbers of them say if they had it to do over again, they would not go to medical school.
Who’s Who in Education
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.
Accountable care ‘savior’ of doc groups
Indianapolis’ largest independent physician group, American Health Network, doesn’t want to sell to a hospital, but its CEO hopes it can hold on until accountable care kicks in.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.
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.
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.
IU Health fights Franciscan over family doc
IU Health Morgan Hospital sued Dr. Dianna Boyer on Aug. 3 to stop her from moving her practice to a facility Franciscan St. Francis Health is building in Martinsville.
Five individual insurers leaving Indiana
Hartford-based Aetna Inc. and Philadelphia-based Cigna Corp., the nation’s third- and fifth-largest health insurers respectively, have announced their departure from Indiana’s individual health insurance market.
People
Victoria Champion, a registered nurse and professor at the Indiana University School of Nursing, has been named associate director of population science research at the IU Melvin and Bren Simon Cancer Center. Champion has conducted research on behavioral oncology that has helped with earlier discovery of cancer.
Dr. Adam M. Paarlberg has joined Beech Grove Family Medicine of St. Francis Medical Group. He most recently worked in the emergency department at Rushville Memorial Hospital and completed residency training at Franciscan St. Francis Health. Paarlberg holds a bachelor’s in religion from Wabash College and earned his medical degree at the IU School of Medicine.
Dr. Tobi Reidy, a colon and rectal surgeon, has established a practice with Kendrick Colon and Rectal Center, which is owned by Franciscan St. Francis Health. She earned her medical training at Nova Southeastern University-College of Osteopathic Medicine.
Dr. Jessica Saberman, a family and pediatric physician, recently joined Indiana University Health Physicians in Fishers. She had been part of the St. Vincent Physician Network in Fishers since 2002.
Dr. Brett Neff, a family physician, will join IU Health Physicians Northside Adult & Pediatric Care, in Carmel, on Aug. 25. Neff also used to be part of the St. Vincent Physician Network in Fishers.
Dr. Jessica Swenberg and Dr. Jama Gail Edwards, both family physicians, are joining IU Health Physicians in Zionsville. Swenberg previously practiced at the Village Doctors in Zionsville. Edwards has been an independent family physician in Zionsville since 2001.
Dr. Laura Calili recently joined IU Health Physicians as a new pediatrician in Greenwood.
People
Peggy Homeier has been appointed director of operations for Franciscan St. Francis Health Network, replacing Pam Jursik. Homeier most recently managed Medicaid programs for the Indiana Office of Medicaid Policy and Planning. She previously held positions at Health Systems International, Intercontinental Corp. and Golden Rule Insurance Co. She has a business degree from Indiana Wesleyan University.
Dr. J. Scott Cline opened Avon Neurology, part of the Hendricks Regional Health Medical Group. Cline did his medical training at the Indiana University School of Medicine, where he also went through residency training in neurology.
Ohio-based insurance brokerage Hylant Group hired Michael Gilbert to lead its Indianapolis office. Gilbert was executive senior vice president of First Merchants Insurance Group.
Methodist Sports Medicine-The Orthopedic Specialists appointed H. Thad Johnson its new CEO. Johnson holds a bachelor’s degree from Northwestern University and has attended the graduate school of public administration, health policy and administration at New York University.
Lisa Davey, a registered nurse, has joined the St. Francis Cancer Center as a breast nurse navigator. Davey worked for St. Francis from 1981 to 2007. She holds a nursing degree from the University of Indianapolis.
Leah Scalf, a registered nurse, has been appointed quality manager of emergency services at Franciscan St. Francis Health’s hospitals in Indianapolis, Beech Grove and Mooresville. Scalf earned a bachelor’s degree in nursing at the Indiana University School of Nursing.
Riverview scoops up doctors from American Health Network
Nine family-practice doctors are set to leave their large physician group and join Noblesville’s Riverview Hospital, more than tripling their revenue-generating potential.
Company news
That didn’t take long. After finalizing its merger with Morgan Hospital & Medical Center on July 1, Indiana University Health announced a new medical office building in Mooresville. According to The Reporter-Times of Martinsville, the 15,200-square-foot building should be finished by December. The $3.6 million project will unite physicians who work out of two separate office buildings in the area. The southern suburbs of Indianapolis have become a battleground for Indianapolis’ major hospital systems. Franciscan St. Francis Health has long dominated the area. But Community Health Network recently expanded its hospital on County Line Road and also formed a close partnership with Franklin-based Johnson Memorial Hospital. IU Health’s acquisition of Morgan Hospital gives it a toehold in the region, and the system still has a chunk of land in Bargersville it could build on if its leaders see the opportunity for further growth.
As part of their partnership announced in November, OrthoIndy and St. Vincent Health have begun offering orthopedic care in Bedford, where St. Vincent is in crosstown competition with Indiana University Health. Orthopedics is a key specialty to bring lucrative surgeries into a hospital. In Bedford, OrthoIndy’s Dr. Benjamin Justice and Dr. Matthew Lavery, along with St. Vincent’s Dr. James Rickert, are accepting patients at St. Vincent Dunn Hospital.
STUMPP: Docs’ loss of independence driving up health care costs
The fact is that hospitals are paid three to four times for physician ancillary services.
People
Robert W. Markette Jr. has joined the health care practice group of the Benesch law firm in Indianapolis. Markette focuses his practice on home health agencies, hospice providers and private-duty agencies. He holds degrees from Hanover College and the Indiana University Maurer School of Law.
Carol Seals has been named chief financial officer at Indiana University Health Ball Memorial Hospital. She was previously director of finance at the Muncie hospital. Seals also has held positions as controller for American Heritage Life Insurance Co., a publicly held life and health insurance company, and as an audit manager with Ernst & Young LLP. She holds a degree in accounting from Ball State University and a master’s in management from Indiana Wesleyan University.
RaeChelle B. Bennett, a registered nurse, has been appointed a quality manager for oncology at Franciscan St. Francis Health. Bennett is a graduate of the Indiana University School of Nursing.
Vince Corbin, a registered nurse, has been selected as manager for the emergency department at Franciscan St. Francis Health’s soon-to-close Beech Grove hospital. Corbin holds an MBA from Indiana Wesleyan University as well as degrees in business and nursing from Marian University.
Community Health eyes expansion as it closes Westview merger
As part of its agreement to add Westview Hospital to its system, Community Health Network will assume $10 million in debt, spend $7.5 million on upgrades, and help open an outpatient center in Speedway, the two hospitals announced Tuesday morning.