Recession likely over in Indiana
More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a
quick recovery.
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More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a
quick recovery.
Indianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has
received $1 million in federal funding.
Community Health Network promoted Kelly George to be treasurer of the five-hospital network. He most recently served as vice
president of corporate finance for Community Business Innovations, a Community Health Network subsidiary.
Dr.
Shelagh Anne Fraser will serve as medical director at VMS, an Indianapolis-based marketing company, overseeing all scientific
and medical activities.
A little lobbying on your lunch break? A consumer group says health insurers WellPoint Inc. and Minnesota-based UnitedHealth
Group pressured their employees to speak to members of Congress against health care reform proposals that the companies disagreed
with, the Associated Press reported. In a letter to California Attorney General Jerry Brown, the group Consumer Watchdog maintains
that both companies violated state labor laws. The attorney general’s office said it is reviewing the letter. Indianapolis-based
WellPoint, in an e-mail to employees, asserted that proposed health care legislation could cause tens of millions of Americans
to lose private health coverage and end up in a government-run insurance plan. Other consequences, the e-mail said, could
include limited choice for customers, and increased premiums for those with private coverage due to new mandates and coverage
requirements. "We believe it is important and permissible to provide up-to-date information about health reform to our
associates," spokeswoman Cheryl Leamon said in an e-mail.
Health records are now flying around the
state. At least part of the state. The Indianapolis-based Indiana Health Information Exchange last week began sharing electronic
medical records with two similar organizations across a multi-regional network. Connecting with HealthLINC in Bloomington
and HealthBridge in Cincinnati creates the nation’s first exchange of medical information among such organizations in different
regions, Indiana Health Information Exchange officials said.
Now, for example, if a patient is admitted to
a hospital in Indianapolis, physicians at his or her doctor’s office in Bloomington will be able to access the patient’s medical
information via the Internet, including test results and radiology notes. Together, the three exchanges connect more than
15,000 physicians, 50 hospitals and 12 million patient records. Initially, the Indiana Health Information Exchange will send
medical records to HealthLINC and HealthBridge providers. Full interconnectivity, in which information will flow among all
exchanges, should begin in mid-September.
The Indiana Health Industry Forum will hold a day-long summit on health
reform today. Various panels will address different aspects of reform and its potential impact. Panelists include Dr. John
Fitzgerald, CEO of the Indiana Clinic, Dhan Shapurji, a director at Deloitte Consulting, Bart Peterson, Eli Lilly and Co.’s
senior vice president of corporate affairs and communications, and Dr. Thomas Inui, CEO of Regenstrief Institute Inc. The
summit will run from 9 a.m. to 3:30 p.m. at University Place Conference Center on the IUPUI campus.
Eli Lilly and Co. and its peers might be back in Congress’ sights as lawmakers hunt for more ways to cut health care costs.
A study published in an influential journal concludes that European drugmakers operating in markets with drug price controls
have produced proportionally more innovations than their U.S. counterparts. The study undercuts an argument made over and
over again by Lilly execs that health reform must preserve profit potential for pharmaceuticals so companies can afford to
keep pumping out innovative new drugs.
With job growth surging in Warsaw’s orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to…
August Mack Environmental Inc. renovated the historic Lexington building in downtown Indianapolis with recycled components
and energy-efficient lighting.
A solid majority of subscribers to IBJ Daily believes climate change is a serious problem, thinks carbon emissions
should be regulated, and wants Indianapolis to pursue mass transit on a broad scale, according to a poll conducted in July
by IBJ.
Detailed results of a July poll of IBJ Daily readers on their sentiment on environmental issues.
No charges will be filed against the 9-year-old who led Greenfield police on a high-speed chase through two counties on Aug.
29. Officials say they won’t file charges because they’re more worried about the boy’s mental health. The child is receiving
counseling at a hospital.
A locally based grass-roots organization wants lawmakers to switch Indiana from the eastern to the central time zone. The
group says it’s a safety issue for children who go to school in the dark. Indianapolis experiences about 120 days annually
when the sun comes up before 7 a.m. while Chicago has more than 270, the group says.
The Indianapolis-Marion County Public Library Foundation today announced that it has received a $1 million gift from the Herbert
Simon Family Foundation to expand its early childhood literacy initiative.
A panel will hear public testimony Sept. 15 on whether Indiana should reverse its ban on Sunday alcohol sales. This afternoon,
an interim study committee will begin what it’s calling a fact-finding mission. Currently, Hoosiers can buy alcohol on Sundays
if they’re at a restaurant, a Colts game or a winery, but retail sales at liquor stores and grocery stores are not allowed.
Fox 59 will have more at 10 p.m.
A defense contractor plans to take over a former Visteon facility in southern Indiana, where it will do work for the nearby
Crane Naval Surface Warfare Center.
Indiana officials say it will take longer to resolve the state’s bankrupt unemployment insurance fund’s funding troubles
than projected when a law designed to start fixing the system was enacted in April.
Shamrock Builders-Commercial has started construction of a 2,520-square-foot office build-out for Bradley Consulting Inc.
at 1620 W. Oak St., Zionsville. The office for the medical management company will open in November.
On a seasonally adjusted basis, the pace of mortgage loan activity decreased 2.2 percent for the week ending Aug. 28, according
to the Mortgage Bankers Association. Rates for 30-year loans decreased to 5.15 percent from 5.24 percent the previous week.
Fifteen-year mortgages decreased from 4.58 percent to 4.57 percent.
-Mainstreet Property Group purchased 17 acres of land east of State Road 37 and Cumberland Road in Noblesville for $2.2 million. Abbe Hohmann of Colliers Turley Martin Tucker represented the seller, Brookview Properties II. The buyer was represented by Bill Flanary, also of Colliers.
-Westfield Outdoor bought an 18,262-square-foot office building at 8675 Purdue Road for $1.27 million. Jon Owens and Brian Meeks of Colliers Turley Martin Tucker represented the seller, Capstone Realty Company LLC. The buyer was represented by Mike Clark of the F.C. Tucker Co.