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Q&A
Dr. Ed Kowlowitz, owner and medical director of the Center for Pain Management in Indianapolis, recently challenged a regional Medicare reimbursement policy and, surprisingly, won. He spoke with IBJ about the experience, as well how his three-physician practice is growing even while many physician practices are selling to hospitals.
People
Dr. Richard Rhodes will be installed as the 138th president of the Indianapolis Medical Society on Oct. 4. Rhodes is a pulmonologist at Community Health Network.
Indianapolis law firm Krieg DeVault LLP named Zach Cattell to an “of counsel” position with its health care practice group. Cattell is general counsel of the Indiana Health Care Association, which represents for-profit nursing homes and long-term care facilities.
Company news
Indianapolis-based WellPoint Inc. caught the attention of employers and health benefits brokers with its agreement to buy a stake in Bloom Health, a private health-insurance exchange that would compete for employers with the state-run marketplaces set to open in 2014 as part of the health reform overhaul. According to Bloomberg News, WellPoint and two not-for-profit health insurers will acquire a 78-percent stake in Minneapolis-based Bloom. It is an online marketplace offering a variety of health plans to about 20,000 workers at almost 50 companies. WellPoint officials think a private exchange could offer more consistency for multi-state employers than the state-run exchanges. Under the Bloom model, companies pay employees a fixed amount to cover a portion of their health-care coverage and workers provide the rest based on the plans they select. The idea of the private health-care exchange and its defined contribution model is similar to the trend in retirement benefits in which employers have been abandoning defined benefit pension plans for the relative financial safety of a 401(k) that allows companies to control how much they spend.
With its bestseller Zyprexa losing patent protection next month, Indianapolis-based Eli Lilly and Co. is trying to wring every dollar it can out of its other products, including its $2.2 billion-a-year lung cancer drug Alimta. And Lilly got some good news on that front Monday. A committee at the European Medicines Agency issued a positive opinion for the use of Alimta as a "continuation" maintenance therapy, Lilly announced. That makes market approval by the European Commission more likely. Continuation maintenance approval could mean significantly more dollars for Lilly. It would allow doctors to treat lung cancer patients with Alimta during initial treatment and for numerous months afterward to keep the disease in check. Alimta already was approved as a maintenance drug, but only for use after initial treatment of the disease with other drugs. Receiving approval as a maintenance therapy, which Alimta won back in 2009, helped sales soar 66 percent since then. Alimta sales totaled $1.2 billion worldwide in the first half of 2011. According to Lilly, no chemotherapy is currently approved as a continuation maintenance drug. Alimta is designed to treat patients with non-small cell lung cancer who have a certain tumor type called nonsquamous.
The Conquer Cancer Foundation of the American Society of Clinical Oncology gave $450,000 to Dr. Bryan Schneider, a physician-researcher at the Indiana University Melvin and Bren Simon Cancer Center. Schneider will use the three-year grant to study the neuropathy that some chemotherapy patients develop in hopes of eventually developing treatments to prevent it. Schneider has received three previous awards from the foundation.
Community Health Network opened a Community Spine Center in Greenwood, similar to the original spine center at Community North Hospital in Castleton. The south-side center will be led by Dr. Joshua Salyer, a graduate of Midwestern University-Arizona College of Osteopathic Medicine.
Irsay backtracks on out-for-season statement about Manning
Peyton Manning has an outside chance of returning in December, Indianapolis Colts owner Jim Irsay said on Twitter after local media quoted him saying Monday morning that the injured quarterback would be out for the season.
Indy should cheer for Jets and Bears, Badgers and Huskers
Sports business experts estimate that if the two teams with the biggest, wealthiest and most rabid fan bases meet in the Super Bowl or Big Ten Championship, it could boost the economic impact by 30 percent.
IBM adds 175 jobs at Delaware County call center
The new employees are located at the company’s Heartland Business Center in Daleville, where IBM already has about 500 employees.
Firm tries again with personal health records
Even though Google Inc. has given up on the business of electronic personal health records, Fort Wayne-based NoMoreClipboard.com is launching a new service it thinks will crack open the market.
White wants charges dismissed
Indiana Secretary of State Charlie White filed a motion Friday, requesting that a judge dismiss voter-fraud charges. White claims the special prosecutors on the case have committed errors and weren't appointed correctly. White faces seven felony charges, including voter fraud and theft. He's accused of using an address he didn't live at when he voted. His trial is set for the end of January.
Plowman gets sentencing date
A former city-county councilman and IMPD officer convicted of bribery and extortion will be sentenced Dec. 1. Lincoln Plowman was caught on camera taking $6,000 from an undercover FBI agent in exchange for zoning help with a strip club in downtown Indianapolis. Plowman filed an appeal last week. He faces a maximum of 30 years in prison and $500,000 in fines.
Five found dead in rural Indiana
Some of the five people found dead Sunday afternoon in rural southeast Indiana had been shot, state police said, and autopsies to confirm the cause of death are planned for Monday. Police discovered the bodies of two males and two females inside a house and a dead man in a recreational vehicle across the street. Police said it was not clear if suspects remained on the loose or were among the dead. They warned residents of the town of Laurel, about 60 miles from Indianapolis, to be cautious.
You-review-it Monday: ‘Spring Awakening,’ ‘Butterfly,’ etc.
What did you hear, see or do this weekend?
What does Facebook tell your banker?
In addition to the expected factors like a potential borrower’s credit history and business plan, lenders increasingly are weighing intangibles such as moral character.
Lilly’s Alimta get favorable opinion for new use in Europe
If approved for continuation maintenance, Eli Lilly and Co.’s Alimta could be used for longer stretches in lung cancer patients, generating more revenue.
Circle Centre resolves lease dispute with Cinnabon
An attorney for the downtown Indianapolis mall has filed to dismiss the complaint, saying the two sides have resolved the dispute through an out-of-court settlement.
Republic Airways subsidiary cutting 213 jobs
Frontier Airlines, a division of Indianapolis-based Republic Airways Holdings Inc., plans to eliminate 213 jobs at Mitchell International Airport in Milwaukee, where it is also cutting flights to several cities.
Panel: State power rates will rise 20 percent over 6 years
Factors driving up rates will be new plant construction, installation of pollution controls, and improvements to extend the operating life of existing power plants.
Daniels counsels patience with Perry candidacy
Daniels expresses concern that eventual nominee will play it safe, miss opportunity to have frank discussion about spending.
City hopes bike hub can begin to change commuter habits
The hub opened this month within a new YMCA as part of a $3.5 million renovation of City Market.
