Get ready to see for-profit religious hospitals
Hospitals already operate like for-profit businesses, but now a financial pinch is making more hospitals join their ranks. Aggressive moves by St. Vincent’s parent organization are just the beginning.
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Articles
State, Anthem ask techies to solve infant mortality
Dr. Bill VanNess, Indiana’s commissioner of health, asked IT developers to create a smartphone app that the state could offer to pregnant moms to educate them about infant health and help them easily schedule appointments with health care providers.
Health tech startup aiming for fences
Flying under the radar for much of its existence, local health tech startup hc1.com Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year’s end. And it thinks business could triple next year.
Community tries to wring out another $100M
Community Health Network has already cut out more than $130 million in expenses since 2009, but it needs to cut more or find new revenue in order to offset rising levels of bad debt and charity care that have squeezed its profit margins.
People
Eli Lilly and Co. Chairman and CEO John Lechleiter is back to full-time work after undergoing surgery on May 13 for a dilated aorta. The Indianapolis-based drugmaker said both a company doctor and Lechleiter's personal physician have cleared the 59-year-old to return. Chief Financial Officer Derica Rice served as acting CEO for the Indianapolis-based drug company during Lechleiter's leave, and independent director Ellen Marram served as acting chairwoman.
Lilly’s Lechleiter back at helm after health scare
Eli Lilly and Co. Chairman and CEO John Lechleiter is back to full-time work after taking a leave in May to have surgery for a dilated aorta, the company announced Monday morning.
New Indiana law praised by physical therapists
The measure, which took effect Monday, allows people to be evaluated and treated by a physical therapist for 24 calendar days without a doctor's referral.
Leases/leasing contracts
-ooShirts Inc. leased 26,400 square feet at 7800 Records St. The tenant was represented by Greg Witkowski of CBRE. The landlord, Records Street Warehouse LLC, was represented by Brian Dell and Tony Hupp of Summit Realty Group.
-Umoja Christian Church renewed its lease for 22,341 square feet in Lafayette Place, 3685 Commercial Drive. The tenant and landlord, Sandor Development, represented themselves.
-Family Dollar leased 12,500 square feet at 5492 E. Washington St. The tenant was represented by Wayne O’Hara of Sitehawk Retail Real Estate. The landlord, Continental Realty II LLC, represented itself.
-Priority Physicians leased 9,227 square feet of office/medical space at 8333 Naab Road. The tenant was represented by John Crisp of Cassidy Turley. The landlord, Lillibridge Healthcare Real Estate Trust, represented itself.
-Mancino’s Pizza and Grinders renewed its lease for 4,000 square feet of retail space at River Ridge Plaza, 1604 S. Scatterfield Road, Anderson. The tenant and landlord, Sandor Development, represented themselves.
-Chile Verde renewed its lease for 3,520 square feet of retail space at Esquire Shopping Center, 8237 Pendleton Pike. The tenant and landlord, Sandor Development, represented themselves.
-RadioShack renewed its lease for 2,784 square feet of retail space in Norgate Shopping Center, 7225-H N. Keystone Ave. The tenant and landlord, Sandor Development, represented themselves.
-VACO Indianapolis LLC leased 2,464 square feet at Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Matt Jackson of Ambrose Property Group. The landlord, ORIX Capital Markets, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Pasteleria Gresil renewed its lease for 2,000 square feet of retail space in Honey Creek Plaza, 5352 W. 38th St. The tenant and landlord, Sandor Development, represented themselves.
-Access Insurance renewed its lease for 1,546 square feet of retail space at College Park Plaza, 8403 N. Michigan Road. The tenant and landlord, Sandor Development, represented themselves.
-Ray Insurance Group leased 1,200 square feet of office space in Sand Creek Business Park, 11447 Overlook Drive, Fishers. The tenant was represented by Cindy Hoskinson of Lee & Associates. The landlord, Dolphin Ventures LLC, was represented by Kurt Meyer of Baseline Commercial.Former Pacer invents device to increase leg strength
In April, Jonathan Bender launched a company based on a device he invented to help others avoid the knee troubles that put an end to his promising NBA career. Already, he’s brokered a deal with California-based Relax The Back retail chain.
Call the midwife: Doctors, hospitals, patients all guilty of driving up childbirth costs
I can see the business model of the physicians and hospitals at work as they recommend tests of questionable necessity. Yet when it’s my own wife and son, it’s easy to think of a terrible outcome to avert with just one more test.
People
Dr. Nicole Bedore, an obstetrician and gynecologist, has joined St. Vincent Women’s Services in Westfield. She earned a bachelor’s in biomedical sciences and women’s studies from Western Michigan University; and a medical degree from Michigan State University. Bedore is also part of the physician practice Obstetrics & Gynecology of Indiana PC.
Physician pay: What goes up must come down
Compensation in the most common physician specialties has been growing much faster than inflation for the past five years. Now, financially squeezed hospitals are set to reverse that trend.
Out-of-the-way club caters to members’ need for speed
Successful professionals that double as weekend race warriors and gear heads are drawn to a racetrack and club on the edge of the middle of nowhere by their love of cars and need for speed.
Doctors caught in cost-cutting crossfire
Physicians employed by Indianapolis-area hospitals are likely to see their pay cut in the next few years unless the hospitals find new ways to be significantly more efficient.
People
Dr. Robert Robinson and Dr. Rod Robinson have joined Indy Southside Family Medicine, a new practice established by Franciscan Physician Network. The father-and-son team formerly ran Robert J. Robinson Medical Corp. Robert Robinson earned a bachelor’s in chemistry from Bob Jones University in South Carolina and a medical degree at the Indiana University School of Medicine. Rod Robinson received a bachelor’s in chemistry from Wheaton College in Illinois and a medical degree from the IU medical school.
Indiana tangles with shortage of rural doctors
The federal health care overhaul is expected to exacerbate problems regarding access to care in rural Indiana communities where is there is already a shortage of doctors and other health care providers.
City facing heavy costs over pool evacuation
Dozens of people who were sickened by fumes after a chemical reaction at an Indianapolis public pool a year ago have filed claims against the city, raising the possibility that the accident and ensuing evacuation could cost the city more than $2 million.
Startup pitching app as money-saver for hospitals
The founder and CEO of Diagnotes Inc. thinks his company’s mobile app can help doctors run their office from their iPhones—just as many other professionals have been doing for years.