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CEO Dunn not afraid to shake it up: Changes help Steak n Shake capture Enterprise Award

September 12, 2005

When an executive recruiter contacted Peter Dunn a few years ago about a top post at The Steak n Shake Co., he wasn’t sure what to think. “I wondered what kind of steaks they served with milkshakes,” he recalled with a laugh. Today, Dunn, Steak n Shake’s president and CEO, probably knows more about the company than anyone in its 71-year history. The newcomer to the restaurant industry, a Harvard grad with an MBA from the University of Virginia, has…

Staffing agency seeks bankruptcy protection: Morley Group begins reorganizing $5.3 million debt

September 5, 2005

The 13-year-old staffing agency already owes the bank $1.94 million-a $1.17 million loan used to construct its headquarters and about $768,000 for operating expenses. President Michael Morley blamed poor economic conditions for the filing. He said the company hopes to emerge from bankruptcy quickly. “Our business is just now starting to come back and increase,” he said. “We’re going to be able to straighten this out. We’re not taking this lightly.” Other debts listed in the bankruptcy filing include a…

BEHIND THE NEWS: Here’s a Blues performance that won’t get you down

September 5, 2005

Anthem Inc.’s $1.9 billion initial public offering in late 2001 set all kinds of records. It was the biggest IPO for a U.S. health care company ever, and the biggest IPO for a Hoosier company of any kind. But that company, now known as WellPoint Inc., was puny compared with its size today. Then, it had a market value of $3.9 billion; now, thanks to acquisitions and a surging stock price, it’s worth $45 billion. WellPoint shares were trading last…

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

August 29, 2005

WellPoint Inc. and other insurers think they’ve found a hot new market-offering high-deductible individual health insurance policies to uninsured people who are young and healthy. It’s a market insurers historically may have overlooked, based on the misconception that uninsured people are poor and in bad health, said Dana McMurtry, vice president of health policy and analysis at WellPoint. Nationally, more than half the 45 million uninsured earn more than $25,000 a year and more than one-quarter top $50,000 annually, according…

Lilly battles five-year flu: Analysts: Drugmaker primed for rebound from Prozac defeat

August 29, 2005

It’s been a challenging five years for Eli Lilly and Co., which has launched nine new drugs yet seen the price of its stock fall by half, wiping out more than $60 billion in market value. However, company officials say the drugmaker has rallied from the jarring setback it received Aug. 9, 2000-when a federal appeals court invalidated Prozac’s patent protection-and are optimistic better times lie ahead. They say the company is positioned to increase profit and revenue, thanks to…

Industry groups spar over audit proposal: Using parts of Sarbanes-Oxley Act to toughen financial reporting would be costly, unnecessary, NAMIC says

August 8, 2005

Insurance groups are choosing sides in a brewing battle over whether private insurance companies should be forced to adopt elements of the controversial Sarbanes-Oxley Act. The Kansas City-based National Association of Insurance Commissioners has proposed adding parts of the 2002 federal legislation to its audit rules. Public companies are already required to follow the Sarbanes-Oxley Act, which imposes stricter financial disclosure rules. The NAIC represents insurance regulators from all 50 states and is working jointly on the amendment with the…

Defining success: Those who’ve tasted it share their thoughts on just exactly what ‘it’ is

August 8, 2005

How do you define career success? We posed that question to a variety of high-profile women and men in the Indianapolis business community. While the responses did confirm some of our preconceived notions-such as that men would mention financial rewards more often than women-there are far more similarities than differences, regardless of gender or profession. Still, “Career success is defined differently by each individual,” as Alex Slabosky, president and CEO of The Healthcare Group, so wisely put it; and as…

Dose of OPPORTUNITY: Wellpoint, other health care insurers forge strategies to grab their share of Medicare drug-plan business

August 8, 2005

Afresh market that could be worth billions of dollars lies just over the horizon for health insurers like Indianapolis-based WellPoint Inc. Medicare, the U.S. government program for the elderly and disabled, will add a prescription drug benefit starting Jan. 1, and it could spend as much as $60 billion next year on medicines for 30 million people, according to Bloomberg News. But before insurers can start cashing in on this potential, they must develop their drug plans, win over some…

Electronic network prepares to branch out: More hospital systems, doctors in line for speedy test results through Indiana Health Information Exchange

August 8, 2005

The Indiana Health Information Exchange starts a busy fall next month with plans to add two more hospital systems to a cutting-edge electronic network designed to improve patient care in central Indiana. The expansion is helping keep Indiana ahead of other states exploring this new branch of medical technology, experts say. The state also is home to the Indianapolis Network for Patient Care, a system that started in the mid-1990s as a way for hospital emergency rooms to share patient…

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

August 1, 2005

Storm clouds are gathering to the north as St. Vincent Health applies the last coat of polish to its $19 million Women’s Hospital renovation. The Indianapolis hospital will lose an obstetrician-gynecology group that delivers as many as 1,440 babies a year shortly after it completes its expansion in September. The 10 doctors of Women’s Health Alliance plan to move offices and shift 80 percent of their practice to a new competitor, Clarian North Medical Center, a $285 million project scheduled…

BEHIND THE NEWS Marsh shares stage rally, despite firm’s challenges:

August 1, 2005

Marsh Supermarkets Inc. might be a great place to shop, but it’s been a long time since the embattled Indianapolis grocer has been a great place for investors to park their money. That’s why the recent runup of Marsh shares is raising eyebrows in the investment community. Both the company’s Class A and Class B shares are up more than 25 percent since early June, and better than 20 percent for the year. What’s driving the increase? In part, probably…

Smaller-sized meetings bring in big bucks for city: Hospitality group sees value in events of all scales

August 1, 2005

Even event planners hire event planners. When Cynthia Howell needed to plan an event in the city for a state health care organization, she called Betsy Ward, a member of the meetings team at the Indianapolis Convention and Visitors Association. With what Howell calls minimal effort on her part, the Indiana Primary Health Care Association Inc. will stay in 50 rooms for two nights at the Sheraton Indianapolis Hotel and Suites at Keystone at the Crossing this fall. The group…

Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancy

July 11, 2005

Ethnic or diversity marketing, once confined to major cities such as Dallas, New York and Los Angeles, is taking hold in Indianapolis. “We have seen a gradual but growing response among clients to communicate to a multicultural audience,” said Clyde Bodkin, president of locally based Bodkin Associates Inc. “Not everyone is in the same place, but smart companies are finding culturally sensitive, culturally relevant ways to communicate to their target markets.” Diversity marketing is the fastest-growing sector of Bodkin’s 14-person…

Major Hospital brings physician practices into the fold: Smaller doctor groups find health systems attractive

July 11, 2005

Major Hospital went on a buying spree toward the end of last year, and it had nothing to do with the holiday season. The Shelbyville hospital purchased three physician practices as part of an effort to help doctors and to make Major a “physician-friendly hospital,” Major Hospital CEO Tony Lennen said. “I’ve always felt if our physicians do well, we’ll do well,” he said. “Our goal down here is, ‘Is there some symbiotic way we can coexist?’ “We’ve always been…

Degree combines medicine, business: IU grads put in 5 years to earn combo MD/MBA

July 11, 2005

Tell people you have your MD and they’ll likely be impressed. Tell them you also have an MBA-well, now you’re just showing off. For four recent Indiana University graduates, however, impressing others had nothing to do with their decision to pursue simultaneous medical and business degrees. It’s all about making their way in the increasingly complicated field of health care, where being a good doctor is about more than having the highest grades in medical school. The four students received…

Employers promoting fitness: To battle steep insurance costs, businesses help employees get healthier

July 11, 2005

Wearing a pedometer, Kelly Dircksen treads 2,000 or so steps a day at the office, racking up her highest counts in her treks to the photocopier. Her 2-1/2-mile daily goal entails after-work walks, as well. The 34-year-old quoting specialist said her company pays 50 percent of any fitness-related costs for her and her family, including a Weight Watchers program, running shoes for her kids, and the entry fee for her son’s marathon. “I’m definitely healthier,” said Dircksen, who celebrates incremental…

Education programs provide job opportunities: Career Connections aims to curb turnover at entry level

July 11, 2005

When Luvinia Hollis moved to Indianapolis from Kentucky about five years ago, the then-42-year-old had few skills, so landing a job was difficult. She lived with her sisters and got some help from her ex-husband, but trying to make ends meet on $100 a week was nearly impossible. “It was so horrible for me, you wouldn’t believe,” Hollis said. She worked odd jobs for the next few years, making barely more than minimum wage. Eventually, she found her way to…

Cancer society scouts Clarian property for development: Former retirement home may serve as a Hope Lodge

June 27, 2005

An empty retirement home near Methodist Hospital may turn into a lodge that gives cancer patients a place to rest while they receive treatment in Indianapolis. The American Cancer Society is talking with Clarian Health Partners about planting a Hope Lodge on the site of the former Indianapolis Retirement Home, which sits across from Methodist on busy North Capitol Avenue. The cancer society operates 23 of these lodges in several states, but this would be the first Indiana location, according…

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

June 27, 2005

IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground. There are a lot of outside validations of that and I think it’s important for this audience to hear a couple of them because there is nothing like having people on the outside pay attention to what we’re doing…

Clinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area

June 27, 2005

Surgery centers and a heart hospital are among a host of health care facilities that have risen in burgeoning north-suburban Hamilton County in recent years. Now, a new fertility clinic could contribute to the population surge by helping couples conceive children. The 6,400-square-foot Follas Center for Reproductive Medicine opened late last month on East 146th Street in Noblesville in a collaboration between several Indianapolis reproductive medicine innovators. The center is a partnership between Dr. David McLaughlin, a local pioneer of…

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People

Rachel Johnson

Articles

CEO Dunn not afraid to shake it up: Changes help Steak n Shake capture Enterprise Award

Staffing agency seeks bankruptcy protection: Morley Group begins reorganizing $5.3 million debt

BEHIND THE NEWS: Here’s a Blues performance that won’t get you down

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

Lilly battles five-year flu: Analysts: Drugmaker primed for rebound from Prozac defeat

Industry groups spar over audit proposal: Using parts of Sarbanes-Oxley Act to toughen financial reporting would be costly, unnecessary, NAMIC says

Defining success: Those who’ve tasted it share their thoughts on just exactly what ‘it’ is

Dose of OPPORTUNITY: Wellpoint, other health care insurers forge strategies to grab their share of Medicare drug-plan business

Electronic network prepares to branch out: More hospital systems, doctors in line for speedy test results through Indiana Health Information Exchange

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

BEHIND THE NEWS Marsh shares stage rally, despite firm’s challenges:

Smaller-sized meetings bring in big bucks for city: Hospitality group sees value in events of all scales

Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancy

Major Hospital brings physician practices into the fold: Smaller doctor groups find health systems attractive

Degree combines medicine, business: IU grads put in 5 years to earn combo MD/MBA

Employers promoting fitness: To battle steep insurance costs, businesses help employees get healthier

Education programs provide job opportunities: Career Connections aims to curb turnover at entry level

Cancer society scouts Clarian property for development: Former retirement home may serve as a Hope Lodge

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

Clinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area