Indianapolis hospitals have begun to offer joint replacement surgeries to employers and insurers using “bundled prices.” That means, instead of billing piecemeal for each individual service and supply, the hospitals wrap everything needed from just before to just after surgery into a package deal.
Slow and steady wins the race” is a value-investing mind-set that’s also applicable to building an NFL roster. Choose overlooked or undervalued prospects, not the Heisman Trophy winner or Twitter.
Milhaus Development, whose downtown apartment projects include Artistry and Circa, plans to build between 60 and 90 condos in a roughly one-block area in the Chatham Arch neighborhood that’s now home to a church and warehouse.
State regulators on Wednesday approved a rate hike that will increase monthly wastewater bills by about 26 percent, or close to $14 on average, for Citizens Energy Group customers.
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
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.
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.
The North American Soccer League will have 10 members when Indy Eleven joins this year. Teams in the NASL play 12 games in the early season and after a four-week break in July play another 14 games. Fourteen are played at home.
Mitch Daniels made an almost iconoclastic observation about evaluating the value of a college (or university) education. He implied that the arbiter of its value is not reflected necessarily in grade point average or the number of Ph.D’s matriculating but in the degree of success students achieve as they find a career and then how quickly they advance in their chosen vocation.
A recent settlement between the city of Indianapolis and the Indiana ACLU over enforcement of the present ordinance about panhandling has put the question of writing a new ordinance back on the table.
The Pacers’ revenue stream this season has increased about $42 million from where it was during the 2008-2009 season, and the team’s finances could get even brighter as the NBA negotiates a new national television package.
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
Mainstreet Property Group LLC plans to launch a new round of private placement fundraising on April 21 using a website run by Oregon-based CrowdStreet Inc. and a mix of traditional advertising in central Indiana.
WellPoint’s commanding market share gave it a whopping $129 million in profit from its risk-based insurance products in 2012. But in percentage terms, WellPoint was not at the top of the heap.
There is probably not a parent on the planet who hasn’t delivered the time-honored dinner lecture, “No dessert unless you eat your vegetables.” We want our children to understand that first things come first—that consuming healthy food has to come before sugary treats, no matter how tempting.
Documents show House Speaker Pro Tem Eric Turner earned nearly $8 million selling nursing homes in the last two years and stands to earn between $1 million and $2 million on projects now being developed, thanks in part to legislation he helped block this year.
Hylant Group says a former worker in its Carmel offices broke a non-compete agreement and poached clients for his new insurance-brokerage gig in Indianapolis.
StreetLinks, which sells real estate appraisal management services and software, will retain its brand name and remain headquartered in Indianapolis, according to the statement.
The area—roughly 14 square blocks—anticipates a passel of new development on and around the former site of Market Square Arena.
