More hospitals hit with do-over penalties
Medicare will reduce payments to 68 Indiana hospitals—a 62-percent increase from last year—for having too many patients return within 30 days.
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Accountable care organizations strike out in Indiana
None of the 11 ACOs with operations in Indiana saved money for Medicare or achieved a bonus for themselves last year.
Lawyers branch out as business execs, entrepreneurs
Sometimes attorneys aren’t completely satisfied with their high-pressure day jobs. Many start unrelated businesses like bakeries, vineyards, breweries and clothiers as an escape, or even a new career.
Indianapolis apartment boom, design bust?
Observers question architectural creativity, quality of materials in some new downtown apartments.
Garage door company on hook for $21M jury award
A Plainfield garage door company has been ordered to pay $21.3 million in damages to an Indianapolis man who suffered permanent, disabling spinal injuries in 2006 due to a malfunctioning garage door.
IPS school board candidate says mistake led to plagiarism
Indianapolis Public Schools board candidate Ramon Batts says he regrets representing work from three national advocacy organizations as his own in his responses to a Chalkbeat Indiana survey.
Tax revenue grows in downtown district
A new report from the Legislative Services Agency shows that a special taxing district downtown captured more than $16 million in state and local tax revenue.
PUBLISHER’S LETTER: IBJ to roll out metered digital access
In the coming weeks, IBJ readers will be given an opportunity to choose from enhanced subscription and access options. The choices readers make will dictate what digital content can be accessed under our new ibj.com metered-paywall business model.
Company news
The Indiana University School of Medicine will receive nearly $8.5 million from the estate of the late Dr. Suzanne Buckner Knoebel, a cardiologist and longtime professor at the medical school. She died in July at the age of 87. The money will flow into two funds, one of which supports cardiovascular researchers and the other that will pay for cardiology professors to receive training in new techniques and other educational programs. Knoebel was an IU medical school professor from the early 1960s to the early 1990s. In 1982, she became the first female president of the American College of Cardiology.
The Indiana University Melvin and Bren Simon Cancer Center will receive $7.8 million over the next five years from the National Cancer Institute to support its research. The grant follows up on a previous grant in 2008 from NCI, which is one of the National Institutes of Health. NCI has designated the IU Simon Cancer Center as one of 68 cancer centers across the country that focus on the rapid translation of research discoveries to directly benefit people with cancer. Purdue University also operates an NCI-designated cancer center, although only the IU center provides care to Indiana cancer patients. The IU Simon Cancer Center includes nearly 200 researchers, who attract $61 million per year in grants.
The Indiana Family of Social Services Administration awarded Purdue Healthcare Advisors at Purdue University a $2.3 million grant to keeping helping independent, rural and urban health care providers to use electronic medical records in ways the federal government defines as “meaningful.” Purdue Healthcare Advisors started its work in February 2010 after Purdue received a $14 million federal grant authorized by the 2009 stimulus bill. Providers eligible for Purdue’s help practice in small or independent groups, or in federally qualified health clinics, community health clinics or rural health clinics.
Gov. Mike Pence named Dr. Jerome Adams to be commissioner of the Indiana State Department of Health, replacing Dr. William VanNess, who announced his resignation in August. Adams is a professor of clinical anesthesia at the Indiana University School of Medicine and a staff anesthesiologist at Eskenazi Health. He plans to continue working at Eskenazi even as he serves his role as health commissioner. Previously, he was an anesthesiologist at Ball Memorial Hospital in Muncie and a physician rapid responder at Indianapolis Orthopaedic Hospital.
Hospital market shares shift
Community Health Network claimed 23.1 percent of the central Indiana market inpatient market last year, up from 21.5 percent the year before, while Indiana University Health saw its share of the inpatient market decline from 28.8 percent in 2012 to 27.8 percent last year.
Nude photo scandal boosts local startup’s web traffic
Indianapolis-based event-planning website Snappening.com saw traffic surge this weekend, apparently from web browsers looking for nude photos.
Ballard’s preschool plan gets new life in city budget
The $1 billion budget approved by the City-County Council Monday night included a last-minute amendment that could put $1.7 million toward the mayor’s plan to cut crime and expand access to preschool.
IU says Stonegate CEO did not earn Kelley degree
The CEO of Indianapolis-based Stonegate Mortgage Corp., one of the nation’s fastest-growing publicly traded mortgage companies, did not earn a degree from Indiana University as his company profile claims.
A&E priority list includes Fleetwood Mac, Heartland Film Fest, more
If you are looking to experience the unexpected, try the first Art in Odd Places fest downtown.
Colts’ Irsay embraces opportunity to get to work
Six days after his six-game suspension ended, the 55-year-old Colts owner broke his silence by telling a small group of reporters that he's excited about the season, feeling well and is ready to move on.
A&E Roundup: $300k for Indy artist, ‘Fargo’ out in the cold, more
“Batman” producer to teach at IU. Phoenix playwright’s creation launching onto national play network.
LOPRESTI: Lucas Oil Stadium is distinctly—and properly—populist
Our football palace, unlike some others, isn’t just for the pros. Those who pay for it also get to use it.
Palladium engineer agrees to $800K legal settlement
The Carmel Redevelopment Commission has accepted an $800,000 settlement offer from the engineering firm that reviewed plans for the Palladium concert hall’s roof, inching closer to resolving a years-long legal dispute over its flawed design.
Health clinic operator plans HQ expansion, 203 new jobs
Activate Healthcare LLC, an Indianapolis-based workplace health clinic operator, plans to expand its local operations, adding as many as 203 employees over the next nine years, state economic development officials announced Friday morning.
Company news
Anagin LLC, a company started last year by Indiana University researchers, won the BioCrossroads new venture competition for its plans to develop drugs to treat post-traumatic stress disorder, or PTSD. The $25,000 prize from BioCrossroads, an Indianapolis-based life sciences business development group, comes in addition to a $692,706 grant from the National Institutes of Health. Anagin was co-founded by Dr. Anantha Shekhar, a psychiatrist at the IU School of Medicine in Indianapolis, and Yvonne Lai, a scientist in IU’s Department of Psychological and Brain Sciences in Bloomington. Anagin is trying to develop drugs that block PTSD without causing common side effects such as irritability, sexual dysfunction, addiction, and memory and motor-skill problems. Along with its BioCrossroads prize and NIH grant, Anagin will receive $50,000 in matching funds from state-funded Elevate Ventures.
Activate Healthcare LLC, an Indianapolis-based workplace health clinic operator, plans to expand its local operations, adding as many as 203 employees over the next nine years. Activate said it will spend $656,080 to lease a 3,400-square-foot office at 9302 N. Meridian St., more than tripling the size of its existing headquarters. The company operates 22 primary health care clinics in the Midwest, including 18 in Indiana that offer care to more than 40,000 patients. The clinics are within or near workplaces. The Indiana Economic Development Corp. said it offered the company $3.9 million in conditional tax credits and up to $200,000 in training grants based on the firm’s job-creation plans. Activate has about 110 full-time Indiana workers, but its base employment will be considered 84, according to the incentives agreement reached with IEDC. That means the company will need to have 287 employees by the end of 2023 to fully comply with the contract.
Eli Lilly and Co. will close one of its three manufacturing facilities in Puerto Rico at the end of 2015, according to the Associated Press. The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired. Lilly intends to sell the Guayama plant. Lilly said the 100 employees who work there will be offered jobs at another of its facilities on the island, which are in Carolina, Puerto Rico. Guayama is in the southeastern part of Puerto Rico, and Carolina is in the northeast. Lilly has announced $240 million in investments in its Carolina facilities since late 2013.
The Indiana Medicaid program will receive more than $181,000 from a fraud settlement struck by states’ attorneys general and the federal government with the drug manufacturer Organon Pharmaceuticals USA Inc. According to The Statehouse File, the settlement resolves whistleblower allegations that Organon underpaid rebates to the state, offered improper financial incentives to nursing home pharmacies, promoted two of its antidepressants for unapproved uses, and misrepresented its drug prices to the Indiana Medicaid program to reap larger margins and increased sales. Organon, which is now owned by New Jersey-based Merck & Co. Inc., will pay $31 million to settle the lawsuits with the states and the federal government. Of that, Indiana Medicaid will receive $162,346 in a settlement arising from a whistleblower lawsuit filed in Massachusetts and $19,016 in a settlement arising from another whistleblower suit filed in Texas.