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Indiana is the most profitable state for Indianapolis-based WellPoint Inc., which operates Blue Cross and Blue Shield health plans in 14 states. WellPoint’s margin for Indiana in 2012 was 5.8 percent, 38 percent higher than WellPoint’s national average.
Roche Diagnostics Corp. saw a stunning 13-percent boost in sales in its North American diabetes care business during the first quarter, although neither company management nor stock analysts expect that trend to last.
Mainstreet Property Group LLC is trying to bring crowdfunding to nursing homes. The Carmel-based firm launched a new round of private placement fundraising Monday using a website run by Oregon-based CrowdStreet Inc. and a mix of traditional advertising in central Indiana. The goal is to raise $500,000 to $2.5 million to help Mainstreet construct a $13.3 million nursing care and rehabilitation facility in Bloomington. Mainstreet CEO Zeke Turner said if the Bloomington “test case” is successful, Mainstreet can use crowdfunding to boost its annual construction of health care campuses from $350 million currently to $500 million. Mainstreet is offering to pay “accredited investors” annual dividends of 10 percent while paying itself a $635,000 development fee. Mainstreet hopes to sell the Bloomington facility by mid-2015, which could boost investor returns to 14 percent. Mainstreet’s crowdfunding experiment comes as the company is under scrutiny over allegations that Turner’s father, state Rep. Eric Turner, helped defeat a nursing home construction moratorium that most of Mainstreet’s competitors supported.
Anthem Blue Cross and Blue Shield has signed contracts with 1,400 physicians under its Enhanced Personal Health Care initiative, which pays doctors extra to help keep patients healthier and out of the hospital. The initiative, coupled with accountable care organizations Anthem is working to form with hospitals, is part of a broader push in health care called value-based purchasing. “The biggest challenge in health care today is finding a way to improve quality while reducing costs,” said Dr. David Lee, Anthem’s vice president of provider engagement and contracting. As part of the initiative, Anthem shares with doctors claims information Anthem gathers on its patients so doctors can target their efforts on the patients most in need. Anthem also pays doctors an extra $3.50 per month for each Anthem patient they manage. If overall spending on Anthem patients goes down and doctors document they provided high-quality care, Anthem shares some of the savings with doctors at the end of the year. The enrollment of doctors so far is a bit of a step back from the Quality Health First program Anthem previously operated to encourage physician management of patients’ overall health. That program had 2,200 physcians participating when Anthem pulled out of it in early 2013.
St. Vincent Health and the Cleveland Clinic have partnered in the opening of a new 8,000-square-foot kidney transplant center in Portage, Ind., to see patients before and after their transplant surgeries in Indianapolis. In a press release, St. Vincent noted that the average wait time for a kidney transplant in the Chicago area is six years, compared with 14 months at St. Vincent Indianapolis Hospital. Patients waiting for a transplant via another hospital system can transfer their wait times to St. Vincent. St. Vincent and Cleveland Clinic established their transplant partnership five years ago, focusing on kidney and pancreas procedures. Transplant surgeons working at St. Vincent’s 11-bed renal transplant unit in Indianapolis are employed by Cleveland Clinic.
Community Health Network opened a 65,000-square-foot, free-standing cancer center on the campus of Community Hospital South. The facility centralizes all the cancer care providers patients see—including physicians, radiologists, social workers, dieticians and financial counselors—so patients can make fewer visits to the center. Community hopes the center, which includes 16 infusion rooms, serves patients from as far away as Columbus, Seymour, Shelbyville and Greensburg.
Sam Odle, the former chief operating officer of Indiana University Health, has been named senior strategic policy advisor of AvaSure, a Michigan-based company that provides software for remote observation of patients at risk of falls and other injuries. Odle retired from IU Health in June 2012. Odle joined Indianapolis-based Bose Public Affairs as a senior policy adviser in October 2012 and then was elected to the board of the Indianapolis Public Schools in November 2012. He joined Methodist Hospital in 1981 as vice president of operations and stayed with the organization through its 1996 merger with Indiana University Hospital and Riley Hospital for Children, which formed what is now IU Health.
WellPoint Inc. named Dr. Martin Silverstein chief strategy officer. Beginning on April 28, Silverstein will oversee WellPoint’s enterprise marketing, corporate development and strategy functions. Silverstein was a managing director at Boston Consulting Group, where he worked for more than 25 years. Silverstein holds a bachelor’s degree in economics and natural sciences from the University of Pennsylvania, a medical degree from Yale University School of Medicine and an MBA from Harvard Business School.
An international tribunal has ruled it doesn’t have jurisdiction to hear a case dating back to 2009, when Hungarian officials took the license for an Emmis radio station and awarded it to a political party.
Farming can be a tough row to hoe, but Hamilton County-based Beck’s Hybrids is reaping the benefits of improved technology. The company also is working on two projects to help its customers succeed.
Indianapolis-based Calumet Specialty Products Partners LP plans to lower its leverage by increasing earnings rather than cutting debt that is rising by 35.6 percent this month.
A $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal Nature Climate Change concludes that biofuels made with corn residue release 7 percent more greenhouse gases compared with conventional gasoline.
IU said the gifts from the Carlos O. Miller estate now total nearly $5.5 million and fund a faculty chair and a student fellowship.
Indiana's funding includes about $729,000 for the Indiana Arts Commission, a statewide arts-advocacy group.
Indiana Limestone president Duffe Elkins said the business is expected to reopen and rehire workers after the new ownership takes charge.
For me, it was a trip to New York for Broadway’s latest. How about you? What did you see on the A&E front over the weekend?
Lacking black-and-white guidelines on Eric Turner's actions, the members of the House Ethics Committee will have to examine shades of gray in deciding which conflicts of interest are acceptable and which ones go too far.
With less than two weeks to go, the 38th 500 Festival Mini Marathon might not have a full field for the first time in 12 years.
The state’s unemployment rate continued to fall in March, dropping to less than 6 percent for the first time since July 2008.
A State Board of Education member formally requested Friday that an education panel abandon a proposed overhaul of Indiana's education standards.
It’s kind of amazing to consider that the most popular member of the Indiana Pacers doesn’t even don a uniform. And he hasn’t since 1992. Heck, he hasn’t even coached since 2000.
The nation's largest solar farm built on a federal Superfund site is now generating power in Indianapolis on property once tainted by a long-closed plant's wood-treating operations.
Coinciding with Gov. Mike Pence’s economic development trip to Germany this week, three German companies agreed to hire more than 100 workers in Indiana.
Still to be announced is what share of those 8 million enrollees were previously uninsured, and how many actually secured coverage by paying their first month’s premiums.
