Owners of Regions Tower putting building on the market
Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
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Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
Hospital executives, in spite of mounting financial pressures under their older business models, are stepping cautiously into the future, with nearly half opting against new accountable care business models touted by Obamacare.
Tom Fischer, chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills. Fischer, 60, who joined Community as CFO in 2005, declined to comment. Mills and Fischer have been close friends for decades, dating to the time they both worked for the Ernst & Young accounting firm. Now Holly Millard, Community’s chief accounting officer, is serving as interim CFO while Community searches for a replacement. Community is trying to cut expenses 15 percent to 20 percent, including via staff reductions. Community laid off more than 150 employees during the first nine months of this year, many of them part of what it described as a systemwide realignment. Community spokeswoman Lynda de Widt described the staff reductions as part of the normal course of business in an organization that has 13,000 employees. Community reported in late November that it had spent $5 million this year on severance costs.
Because Indianapolis-area hospitals have let go a wave of workers this year, the University of Indianapolis will host a seminar to help nurses and health care professionals search for new jobs. The seminar, “Reinventing Yourself: A Personal Transformation for Healthcare Workers” is scheduled from 8:30 to 11:30 a.m. Jan. 11 in UIndy’s Schwitzer Student Center at 1400 E. Hanna Ave. The free event is sponsored by UIndy’s School for Adult Learning, School of Nursing and College of Health Sciences, and will tout UIndy’s health-related educational programs. Also, John Vice, a longtime human resources manager for Eli Lilly and Co., will tell attendees how to pursue new career paths.
Nearly 2,800 Hoosiers selected a private insurance plan on the Obamacare exchange in November, nearly four times as many as did so in October. The faster pace of enrollment was mirrored in the other 35 states that are also relying on the federally run Healthcare.gov web site for online enrollment. The Obama administration worked feverishly in November to correct major technical problems with the website that prevented numerous Americans from enrolling. Even so, the pace of enrollment in the federal exchange will need to be nearly 12 times faster than it was in November if enrollment via the exchange is going to meet a federal projection of more than 4.8 million enrollees by the end of March. According to a report issued Wednesday by the U.S. Department of Health and Human Services, 137,204 actually selected a private health insurance plan during October and November, with about 110,000 of them doing so in November. In 14 states and the District of Columbia, which are operating their own insurance exchanges, enrollment also surged in November, to nearly 148,000 people, compared with about 80,000 in October. Enrollment via the state-based exchanges will need to triple its pace to meet an overall federal projection of 7 million enrollees via the Obamacare exchanges.
More than 10,000 low-income Indiana residents who participate in the Healthy Indiana Plan will be able to keep their benefits through April. The Indiana Family and Social Services Administration announced Dec. 10 it is extending for an extra three months its Healthy Indiana Plan to participants who earn between 100 percent and 200 percent of the federal poverty level. The move will give members more time to obtain coverage through the federal health care exchange. FSSA Secretary Debra Minott said many HIP members have struggled to enroll in the exchange because of technical issues. The HIP extension could cost Indiana up to $11 million.
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
Dr. Brian Aguilar, a pediatrician, has joined St. Vincent Medical Group in McCordsville. He worked at St. Vincent’s Peyton Manning Children’s Hospital as a pediatric hospitalist. Aguilar earned a bachelor’s degree from the University of Texas at Arlington and a medical degree from Texas A&M University Health Science Center in the College of Medicine.
Phil Baker has joined the Community Health Network hospital system as chief financial officer for Community Physician Network. He previously worked as a financial executive for other multi-specialty physician practices. Baker holds a bachelor’s degree from Park College, a master’s degree in information science from Indiana University, and a doctoral degree in management from Walden University.
Secretary of State Connie Lawson is reminding Indiana residents the state has new voter registration forms and will no longer accept the old forms starting Jan. 1. Lawson said the new forms will help decrease the possibility of voter-registration fraud by tracking the chain of custody for applications.
A popular bar and restaurant in Shelby County was destroyed by fire Sunday night. The fire started behind the bar at 8 p.m. at the Long Branch Saloon and Bluebird restaurant on U.S. 52 in Morristown while the building was full of customers. Everybody escaped without injuries. The business has been owned by the same family for more than 40 years.
A 31-year-old mother and her boyfriend died overnight in an apparent murder-suicide, and their bodies were found Monday morning by two children. The shootings took place in a house near East 31st and North Gale streets. Tamika Jones-Fleming and Thomas Emery were discovered about 6:30 a.m. by the mother's 11-year-old son and his 6-year-old sibling. Police said Emery was the father of the younger child.
There is good evidence that new technology deployed via new methods of medicine across the entire health care system can reduce the need for physicians. But there are too many barriers for such changes to occur in time to cut off the surge in demand brought on by Obamacare.
Pence named the Evansville Republican to the statewide post Monday, weeks after his previous pick, Dwayne Sawyer, announced he was stepping down after just four months on the job.
Although area sales of existing homes are up 15.4 percent through the first 11 months of the year, the trend has reversed in recent months. Year-over-year sales have fallen in four of the last five months.
Pearson Education Ltd. plans to shut down a 1.2-million-square-foot book-distribution center in Lebanon next year, costing about 160 workers their jobs.
Their retirement programs are notably generous compared to the norm in private industry. But for federal workers hired after 2012, the pension program is turning less generous.
The organization says corn prices have dropped more than 5 percent since word of the proposed U.S. Environmental Protection Agency rule was leaked in October.
Republican Gov. Mike Pence and his team are likely to run into time and space constraints if they push a broad agenda during a short session of the General Assembly.
The previous auditor, Dwayne Sawyer, announced his resignation last month – effective Sunday – after just three months on the job.
“12 Years a Slave” tops the list for Indiana Film Journalists Association. See what else made the list—and where I agree and disagree.
Indiana is among 15 states competing for a $10 billion Boeing airplane manufacturing and assembly facility that could employ up to 8,500 workers by 2024.
Ivy Tech Community College is moving to an automated system to advise students about what classes they need each semester and eliminating their ability to enroll as “undecided.”