The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.
Almost two weeks after Angela Braly was forced out as WellPoint Inc. CEO, the management team she put in place has been told by the board it will stay, said Chief Financial Officer Wayne Deveydt.
Indianapolis-based St. Vincent Health will manage operations at Monroe Hospital in Bloomington under an agreement announced Sept. 4. Adding Monroe gives St. Vincent control of hospitals stretching from Indianapolis to Bedford and even farther south to Salem and Evansville. St. Vincent owns or operates 22 hospitals around the state. The only other Indiana hospital with that kind of geographic reach is Indianapolis-based Indiana University Health, which owns Bloomington Hospital. St. Vincent will oversee quality and safety efforts, physician relations, patient experience, finance and other functions to increase efficiency and reduce costs. The 32-bed facility, which opened in 2006, is owned by Alabama-based Medical Properties Trust Inc. Monroe has routinely lost money, including a loss of $13.2 million in 2011, according to hospital reports to the federal Medicare program, made available by the website AHD.com. Monroe had total patient revenue last year of $102.4 million. The hospital had been courting potential partners or buyers for at least two years. It entered discussions not only with St. Vincent, but also with Mishawaka-based Franciscan Alliance and Munster-based Community Healthcare System.
Nyhart Actuary & Employee Benefits has established its first office on the West Coast with its latest acquisition. Nyhart will add 15 employees by acquiring San Diego-based Epler Co., a regional actuarial, employee benefits and compensation-strategies firm. Nyhart now has 100 employees, including 70 at its headquarters in Indianapolis. Financial terms of the deal were not disclosed. The deal gives Nyhart new expertise on employee compensation, which it hopes will help bolster its pension business for private, church and public plans. Nyhart serves plans with $15 billion or more in assets, providing fund analysis, advisory services on employee compensation and retirement benefits, and actuarial work on health care issues. It is the third acquisition Nyhart has made in the last two years.
Tymora Analytical Operations LLC has received a $150,000 grant from the National Institutes of Health. The West Lafayette-based company will use the money to develop nanotechnology products that aim to help researchers analyze the adding of phosphate molecules to proteins in the body, a process that plays a role in cancer, Alzheimer’s disease and other maladies. Tymora’s leading product would allow researchers to detect multiple changes to proteins in a single experiment. The 2-year-old company has been funded by a grant from the National Science Foundation, an investment by Purdue’s Emerging Innovations Fund and winnings from business plan competitions.
Riley Hospital for Children at Indiana University Health will now make its pediatric specialists available at The South Bend Clinic. Riley specialists in cardiology, diabetes, gastroenterology, neurology and rheumatology will see patients from throughout the northern Indiana and southern Michigan regions. Riley's hospital facility in downtown Indianapolis treats children from all over Indiana and beyond the state's borders.
A large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than two months before their contract is set to expire.
Bloomington-based Cook Medical announced a new division to capitalize on the growing market for minimally invasive procedures to fix problems in ears, noses and throats, as well as other maladies of the head and neck.
As the countdown to the November election picks up steam, establishment Democrats and Republicans have been quietly talking about the possibility that Indiana swing voters could pick Republican gubernatorial candidate Mike Pence and Democratic U.S. Senate candidate Joe Donnelly in November.
Republican gubernatorial candidate Mike Pence said Friday he'll push forward with changes to Indiana's education system started under Gov. Mitch Daniels in a quietly rolled out education plan that supports expanding the state's school voucher program and improving performance of teachers and students.
Early signs show that this teacher, this profession and—most important—these students are going to be just fine.
Conner Prairie Interactive History Park has been awarded a $2.3 million grant from the National Science Foundation, to find ways to encourage history museums to incorporate the often unpopular and intimidating fields of science, technology, engineering and math into their offerings.
The drugmaker recently drafted social media guidelines it hopes can help it expand its use of social media to more of its employees—without running afoul of regulators.
The torrent of competitors’ humorous TV commercials forced Indiana Farm Bureau Insurance to roll out its own campaign. So far, its “Knock on Wood” shtick is said to have boosted brand awareness in urban markets by 12 percent, as measured by social media chatter.
In a dark little corner of the tax code known as Section 132(f), the IRS lets employers provide tax-free benefits—typically, payroll deductions and/or subsidies—to employees for commuting costs. That includes vans, buses, bikes, trains, and even parking. And both parties can save, since they’re not getting dinged for their respective taxes on the amount of the benefit.
Franciscan Alliance, the hospital system based in Mishawaka, has established Franciscan Physician Network to unite the system’s growing number of employed doctors under one name. Franciscan Physician Network has more than 750 physicians at 260 practice locations. The rebranding changes the name of Franciscan’s 200 employed doctors in central Indiana, who went by the name St. Francis Medical Group. Franciscan Alliance operates three hospitals in central Indiana—in Indianapolis, Mooresville and now a short-stay hospital in Carmel. Other groups that are also part of the Franciscan Physician Network include Sigma Medical Group in West Central Indiana, the Woman’s Clinic, Lafayette OB/GYN and Premier Healthcare for Women in Lafayette, Athens Medical Group in Crawfordsville, and HealthPartners Medical Group, Medical Associates and Hammond Clinic in Northern Indiana.
An Indiana University study has found that what people studied in college had a direct effect on their chances of employment during the Great Recession. According to the Associated Press, people with degrees in health, education and biology/life sciences had the best chance of getting and holding a job from 2009 to 2010. Only one out of every 44 graduates in those fields found themselves unemployed, according to data analyzed by the Indiana Business Research Center at IU's Kelley School of Business. By contrast, one out of every 13 people with degrees in architecture, industrial arts, consumer services and engineering suffered unemployment in 2009 and 2010. The study used data from the Indiana Workforce Intelligence System to examine the employment history of 178,000 people living in Indiana who graduated from state public colleges and universities.
The Cancer Care Group in Indianapolis said a laptop computer bag containing private information on as many as 55,000 patients has been stolen. The bag was stolen from a Cancer Care Group employee's locked vehicle on July 19, the physician group said in a prepared statement. The Cancer Care Group, headquartered at 6100 W. 96th St., is one of the largest radiation oncology private physician practices in the country, with more than 20 oncologists. The bag also contained similar information about the group’s employees. The group said the bag has not been recovered, but there has been no evidence to suggest the information has been used. Patients and employees have been notified of the theft.
Family Physicians of Carmel, a three-doctor practice, has joined St. Vincent Medical Group. The new physicians joining St. Vincent are Dr. Daniel Crabb, Dr. Rhys Jones and Dr. Stephen Lang. Crabb and Lang earned their medical degrees from the Indiana University School of Medicine. Jones earned a degree from the University of Western Ontario Medical School of London in Ontario, Canada.
In the midst of Eli Lilly and Co.’s surprisingly positive news about its experimental Alzheimer’s drug, the company suffered two other setbacks with former stars of its pipeline.
Two foreign companies—one based in Australia, the other in the United Kingdom—are among four firms competing for a chance to become the first private manager of Indiana’s lottery.
One of the most striking things for me this year was the lack of “must miss” shows.
Central Indiana residents will have a front-row seat on the close race for U.S. Senate, as Democrat Joe Donnelly and Republican Richard Mourdock drill into each other’s partisan strongholds to pick up crucial votes.
IUPUI unit has ambitious plans even as namesake prepares to step down from long-held seat in Congress.
Within moments of cyclist and cancer survivor Lance Armstrong’s announcement that he would no longer contest the U.S. Anti-Doping Agency’s relentless quest to strip him of his seven Tour de France titles, the social network Facebook came alive with “I told-you-he-was-a-cheater” diatribes. I responded thusly: I still believe—and believe in—Lance Armstrong. I may be hopelessly […]
