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LEADING QUESTIONS: Telamon CEO adopts unorthodox style

July 7, 2010

LQ Chen Watch VideoAlbert Chen, founder of Telamon Corp., revels in a messy desk, espouses
the benefits of humility, and admires Warren Buffett.

Report: Indiana could save $450M on school insurance

July 7, 2010

A new report says health insurance for Indiana's public schools and universities could cost at least $450 million less annually if they joined the state's plan for public employees.

People

July 6, 2010

Community Health Network announced a series of promotions within its operations:

Josh Arthur, a financial analyst, is now rehabilitation services manager for Community’s rehabilitation
sports medicine program. He has worked for Community for seven years as a financial analyst.
 
Stacey Faryna, a registered dietician, was named program director for Community Hospital East’s Center
for Wound Healing.

Lori Feldmeyer, a physical therapist, was named Community Health Network’s north market manager for
the rehabilitation and sports medicine centers.
 
Nichole Goddard is now named medical imaging manager of Community Hospital South’s medical imaging
center.  
 
Karla Kirby was named clinical director for behavioral health on the Community Hospital North campus.

 
Janie Klank has been named manager of psychiatric case management at Community Hospital North.
 
Cindy Matlock, a registered nurse, has been named Community Hospital East’s evening shift clinical
manager.

Terry Nelson, a registered nurse, has been named Community Hospital South’s emergency department clinical
manager.
 
Kimberly Snyder was named Community Health Network’s sleep lab director.

Company news

July 6, 2010

Roche Diagnostics, which runs its U.S. operations out of Indianapolis, has partnered with IBM to develop a DNA sequencer much faster and cheaper than current technology. Roche and IBM ultimately want to provide a test that performs whole genome sequencing for $100 to $1,000 per test. Such wide access could make genetic sequencing as standard as biopsies, for example, and then allow medical professionals to “personalize” medical treatment based on a person’s genes. As part of the agreement, Roche will fund continued development of the technology at IBM and provide additional resources and expertise through collaboration with Roche’s sequencing subsidiary, Maryland-based 454 Life Sciences. Roche will develop and market all products based on the technology.

Indianapolis-based insurer WellPoint Inc. said its California subsidiary will dial down rate hikes that drew national outrage earlier this year and helped spark a final push for health care reform, according to the Associated Press. WellPoint now plans to raise rates by 14 percent for California individual policyholders. It will cap rate hikes at 20 percent, even though the company said it would lose $100 million on the plans this year. In April WellPoint withdrew increases that averaged 25 percent—and topped out at 39 percent—after consumers and President Barack Obama expressed outrage. WellPoint defended the hikes by saying rising medical costs and healthy people dropping coverage during the recession were forcing it to raise rates. But an outside actuary also found math errors, which prompted last week’s reduction.

About $72 million in construction bids have been awarded so far for the new Wishard Hospital. The contracts total about 14 percent of the entire construction package for the $754 million project, said Matt Gutwein, president and CEO of Health & Hospital Corp. of Marion County, which owns the hospital. He said the new hospital is on schedule and slightly below budget. The 1.2-million-square-foot hospital will be built on 37 acres at the west end of the IUPUI campus. Bids that have been awarded include demolition work, as well as work on a parking garage, the hospital’s foundation and utilities. Wishard hopes to award all contracts by January.

Lilly’s Lechleiter: No change in plans

July 6, 2010

The global financial press keeps asking John Lechleiter for his end-game strategy to survive Eli Lilly and Co.'s nightmarish
patent challenges. And, like a broken record, the Lilly CEO keeps giving the same answer: pipeline, pipeline, pipeline—no
mega-merger.

Health reform rule could cost WellPoint

July 6, 2010

WellPoint Inc. has about $800 million riding on one arcane rule: how to calculate a medical loss ratio. The ratio quantifies
the percentage of customers’ premiums were spent on medical care, rather than overhead or profits.

Indiana officials excited about solar company’s plan

July 6, 2010

Tipton County officials had been working for months to attract Abound Solar to the 800,000-square-foot factory along U.S.
31, where it might employ as many as 850 workers.

Solar panel maker must prove low production cost

July 6, 2010

The company says it will hire 900 to 1,200 people in Indiana, but first, it must focus on successfully scaling up its existing
facility in Colorado.

Former loan officer charged with falsifying documents

July 6, 2010

Prosecutors say Robert Tolle falsified a construction progress inspection report while at Old National Bank. He faces a maximum
30-year prison sentence and $1 million fine.

Sweltering weather continues

July 6, 2010

High heat and humidity will continue in central Indiana this week. Temperatures are predicted to rise above 90 degrees and
the heat index is expected to top 100. Cities all across the East Coast are experiencing a similar heat wave. The National
Weather Service has issued an "excessive heat advisory" for several northeastern cities, including New York.

 

Parents face charges for exposing child to heat

July 6, 2010

The parents of a two-year-old girl are facing charges of child neglect for making the toddler stand outside in the heat and
beg for cash. Police say the child’s mother, Lindsey Ramon, 23, and her father, Jacob Cotton, 36, were panhandling Sunday
on the city’s southeast side. A passerby spotted Cotton and the little girl in a Hardee’s parking lot at South
Emerson Avenue and East Thompson Road about 1 p.m. Sunday. After seeing the pair in the location five hours later, the person
called police. Investigators say the child was sunburned and dehydrated.
 

Two injured by car chase in Acton

July 6, 2010

Police say racially motivated road rage was the cause of a wild scene in southeast Marion County early Tuesday morning. Officers
say two drivers chased each other through the small community of Acton before one of them crashed into a house on Exchange
Street, injuring a resident inside. Witnesses say the other vehicle involved in the chase intentionally struck two pedestrians,
seriously injuring one. Then, one of the witnesses began firing shots at the car after it hit the pedestrians. Police took
at least one person into custody. Fox59 will have more at 4 p.m.

Men on Viagra, Cialis show triple rate of sex diseases in study

July 6, 2010

The findings suggest that users of drugs to treat erectile dysfunction, including Eli Lilly’s Cialis, may be more likely to
engage in unsafe sex than nonusers.

Indiana mine operation to close

July 6, 2010

Peabody will close mine south of Terre Haute by mid-September, but a majority of the workers will move to jobs in other mining operations.

IndyCar CEO ready to slay sacred cows

July 6, 2010

IndyCar Series CEO Randy Bernard is demanding more support from track partners in an all-out effort to strengthen the series
in 2011 and beyond.

You-review-it Monday, er, I mean Tuesday

July 6, 2010

Symphony on the Prairie’s 4th of July tradition was just one option.

Broad Ripple baker opens downtown coffee shop

July 6, 2010

Rene’s Bakery Inc. of Broad Ripple opened its first satellite location, Cafe Rene, Tuesday morning at 50 S. Meridian St.

Pearson ad agency closing after more than three decades

July 6, 2010

CEO Ron Pearson attributed the decision to the difficult economic conditions. The firm was hit particularly
hard in 2007, when it lost a $20 million HHGregg advertising account.

New rendering unveiled for Penn Arts redevelopment

July 6, 2010

Check out a brand new rendering of the redevelopment of the Penn Arts building.

Charity care dips at most Indianapolis’ private hospitals

July 6, 2010

Three of the four major private systems spent slightly less on on free care after seeing big spikes in 2008.

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