Grim budget picture shapes up for Indiana lawmakers
State tax collections—the lifeblood of the budget and everything from road-paving to classroom sizes—could remain stagnant as the state continues to crawl out of the recession.
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ODLE: Stop letting our young athletes die
A number of high-profile deaths over the past 15 years have increased awareness of sudden cardiac death in the national sports community and public at large, but also here on home turf.
Anthem rolling out 401(k)-style medical benefits
Anthem Blue Cross and Blue Shield of Indiana will open a new online exchange to Indiana employers on Jan. 1, where workers could purchase medical benefits from a group of plans using a fixed sum of money given them by their employers.
Fairbanks gets $1M from United Way for hospital expansion
The $2.5 million expansion will add 7,000 square feet of meeting and office space to Fairbanks’ 86-bed hospital for patients trying to recover from drug and alcohol addictions.
Novia opens first multi-employer clinic in downtown Indy
Novia CareClinics LLC, which operates 50 clinics statewide, made its latest clinic open to other employers. Harrison College, Plews Shadley Racher & Braun LLP and McFarling Foods Inc. have joined.
Company news
Catamaran Corp. will add 50 jobs in Indianapolis over the next year to help it provide pharmacy-benefit-management services to the Indiana Medicaid program. The Illinois-based company will open an office downtown Tuesday to kick off its six-year, $60 million contract with the state. The contract, which officially begins April 1, pledges Catamaran to help Indiana Medicaid control the $800 million it spends every year to provide prescription drugs to Medicaid recipients. Catamaran will process Indiana Medicaid’s 12.5 million annual pharmacy claims, run clinical and technical call centers, handle electronic prescriptions and manage specialty medications. The Indianapolis office, located at 150 W. Market St., will house pharmacists, technicians and support staff.
Two investors in Indianapolis are trying to raise money to fill the gap in early-stage funding for life sciences companies in the Midwest. San Francisco-based CMEA Capital is trying to raise $100 million for early-stage life sciences investments, according to multiple people briefed by CMEA’s Midwest partner in the fund, Kent Hawryluk. Hawryluk, a co-founder of Carmel-based drug development firm Marcadia Biotech, will oversee Midwest investments of the fund from Indianapolis, with a focus on biotech and pharmaceutical companies, according to people familiar with his plans. In addition, Oscar Moralez, managing director of the StepStone Angels network, plans to start pitching a new fund to investors early next year. His plans are to raise $10 million to $20 million to invest in technology companies, including life sciences firms, in Indiana and surrounding states. “We feel the timing is right,” said Moralez. He described the fund he wants to raise as, in part, a "sidecar" to help the seven companies now supported by StepStone Angels—six of which are life sciences companies—to continue to get the cash they need to grow.
Due to the closing of Franciscan St. Francis Health’s Beech Grove hospital, Select Specialty Hospital-Beech Grove relocated from Beech Grove to a new freestanding location at 8060 Knue Road in the Castleton neighborhood. In its new location, Select Specialty Hospital has 45 beds, on-site CT machines, lab services, a rehabilitation area and a cafeteria. The hospital will now be called Select Specialty Hospital – Indianapolis.A North Carolina-based maker of cancer-fighting ultrasound machines plans to create 27 jobs at its Indianapolis facility over the next three years. US HIFU LLC will add positions paying an average of $36 an hour at its offices at 4000 Pendleton Way, on the northeast side of the city along Interstate 465 near Pendleton Pike. The company already employs 15 people at that location. The new jobs are for engineers, researchers and support personnel to help US HIFU make its Sonablate 500 system, which uses "high-intensity and focused ultrasound" to treat cancer with fewer side effects. US HIFU, founded in 2004, has yet to receive regulatory approval for its technology, but the company is studying it in a U.S. clinical trial for treating prostate cancer and around the world as a potential treatment for other cancers. The new jobs were announced Monday morning by the Indiana Economic Development Corp., which promised the company up to $350,000 in conditional tax credits and up to $50,000 in training grants. Also, the company has applied to Marion County for property tax abatement.
Novia CareClinics LLC opened the first multi-employer clinic for downtown employers Monday at its headquarters at 429 N. Pennsylvania St. Novia, which operates 50 clinics statewide, made its latest clinic open to other employers. Harrison College, the law firm Plews Shadley Racher & Braun LLP and McFarling Foods Inc. have joined so far. The 1,200-square-foot health and wellness center, first made public in July, will be staffed with a physician and nurses, offering primary care services 40 hours per week. The four companies using it have more than 500 employees combined at locations in or near downtown. Novia has said it needs to sign up 1,000 employees to make the cost per employee reasonable. If employer demand proves high, Novia could expand its downtown clinic to as large as 2,000 square feet, add a second physician or nurse practitioner, and serve as many as 2,000 employees.
European Union regulators have agreed to review the drug vintafolide, discovered by West Lafayette-based Endocyte Inc., bringing it one step closer to reaching the market. Endocyte and its development partner, New Jersey-based Merck & Co. Inc., said the European Medicines Agency will review vintafolide, formerly known as EC145, as a treatment for ovarian cancer that is resistant to platinum-based chemotherapy. The agency also will review their application for an imaging agent that can help identify patients most likely to benefit from the drug. According to the Associated Press, vintafolide and the diagnostic agent both have orphan drug status, which means competing products will be barred from the market for up to 10 years if they are approved. Merck will pay Endocyte $5 million because the application was accepted.
The government dropped its antitrust concerns about health insurer WellPoint Inc.'s proposed acquisition of Amerigroup Corp. last week, clearing WellPoint to proceed with the $4.9 billion deal. According to the Associated Press, U.S. Department of Justice officials had objected to the proposed merger because WellPoint and Amerigroup are the only providers of Medicaid managed care plans in northern Virginia. To address that concern, Amerigroup agreed to sell its Virginia business, Amerigroup Virginia Inc., to Inova Health System Foundation. It did not disclose financial terms of that deal, which was announced in September and is conditioned on the closing of the WellPoint-Amerigroup merger. The sale to Inova ensures that Medicaid users will have at least two options for managed care, the Justice Department said.
People
State Health Commissioner Dr. Greg Larkin will become chief medical officer of Indianapolis-based OurHealth, a provider of employer on-site clinic services, after he ends his service with the state in early January. Gov. Mitch Daniels, who is leaving office in January, appointed Larkin to the position in 2010, replacing Dr. Judy Monroe. Larkin previously spent much of his career as Eli Lilly and Co.’s director of corporate health service and served as global medical director. After retiring from Lilly in 2007, Larkin served as the first chief medical officer of the Indiana Health Information Exchange, which promotes health information technology for the advancement of patient and community care.
Terri S. Ruff has been appointed executive director of Franciscan St. Francis Heart Center, starting on Jan. 6. Ruff will succeed Michael Hertel, who had led the heart center since 2006. Since 2002, Ruff has overseen all radiological programs at Franciscan St. Francis Health. Ruff holds a bachelor’s degree in health arts, a master’s degree in health care administration and an MBA from the University of St. Francis.
Indiana University Health Orthopedics and Sports Medicine named Dr. Walter Virkus as its director of orthopedic trauma services. He will be based at IU Health’s Methodist Hospital. Virkus spent the last 12 years in Chicago at Rush University Medical Center. He also served as chairman of orthopedics at the Stroger Hospital of Cook County. Virkus holds a bachelor’s degree from Muhlenberg College in Allentown, Pa., and a medical degree from the New Jersey Medical School in Newark.
Dr. Todd McKinley, an orthopedic trauma surgeon, has joined IU Health Orthopedics and Sports Medicine. Before joining IU Health, McKinley served as a professor and orthopedic surgeon for trauma services at University of Iowa Hospitals and Clinics. He earned his bachelor’s degree in aerospace engineering and mechanics from the University of Minnesota Institute of Technology and received his medical degree from the University of Minnesota Medical School.
Dr. Anthony Sorkin, an orthopedic trauma surgeon, has joined IU Health Orthopedics and Sports Medicine. Before joining IU Health, Sorkin served as director of orthopedic traumatology for Rockford Orthopedics, an orthopedic multi-specialty physician group, and as a professor at both Rush University Medical Center and the University of Illinois College of Medicine. He earned his bachelor’s degree in biology from the University of Miami and received his medical degree from the University of Maryland School of Medicine.
Dr. Michael Zlowodzki, an orthopedic trauma surgeon, has joined IU Health Orthopedics and Sports Medicine. He earned his medical degree from the University of Hamburg in Germany and his doctorate from Humboldt University in Berlin.
St. Vincent Medical Group recruited three orthopedic surgeons to provide care at Monroe Hospital in Bloomington, St. Vincent Dunn Hospital in Bedford and St. Vincent Jennings Hospital in North Vernon. The practice of Dr. Michael Ferrell, Dr. John Hammerstein and Dr. Brian Murphy will change its name from PremierOrtho to St. Vincent Medical Group Orthopedics and Sports Medicine, and will be based in Bloomington. Ferrell is a former commander in the U.S. Navy Medical Corps. He did his medical training at Virginia Commonwealth University. Hammerstein and Murphy did their medical training at the Indiana University Medical School.
Indiana Historical Society wraps up $19M campaign
The Indiana Historical Society has raised $19.5 million to support the Indiana Experience, its series of interactive history lessons intended to draw more visitors to the local not-for-profit’s downtown facility.
Cornerstone content with small medical developments
Local firm has carved out niche building for hospitals, physician groups.
People
St. Vincent Health named Julie Carmichael as its chief strategy officer for the 22-hospital system, starting Dec. 31. Carmichael succeeds Kevin Speer, who left St. Vincent in November to become CEO of Hendricks Regional Health in Danville. Carmichael worked the past 19 years as CEO of the Suburban Health Organization, a partnership of several Indianapolis-area hospital systems, including St. Vincent Health. She holds a bachelor’s degree Stanford University and an MBA from Indiana University.
Dr. Jonathan Ting, an otolaryngologist, has joined Wishard Health Services. He received his medical degree from the University of Western Ontario.
Dr. David K. Booth, a family medicine physician, has joined Community Physicians Network, a subsidiary of Indianapolis-based Community Health Network, after practicing privately in Meadville, Pa. He earned his medical degree at Lake Erie College of Osteopathic Hospital in Harrisburg, Pa.
Dr. Michael DaRosa, a primary care sports medicine physician, has joined Community Physician Network in Greenwood. He completed his medical degree at Des Moines College of Osteopathic Medicine.
Dr. Vin Gupta, a pediatric hospitalist, has joined Community Hospital North in the Castleton neighborhood. He earned his medical degree from the Medical College of Ohio.
Dr. Syeda Naqvi, a geriatrician, has joined Community Physician Network. She completed her medical degree at Sind Medical College in Karachi, Pakistan.
Dr. Nicole Zulkowski, a physical medicine and rehabilitation physician, has joined the Community Spine Center in Greenwood. She earned her medical degree at the Indiana University School of Medicine.
Union Health System Inc. in Terre Haute named Patrick S. Board as its CEO. Board succeeds David Doerr, who announced his retirement earlier this year. Board has been CEO of Union Health’s physician group, called Union Associated Physicians Clinic LLC, in Terre Haute. Starting Jan. 1, Board will oversee both the Union physician practice and Union Hospital, which will continue to be led by Scott Teffeteller. Board received a bachelor’s degree in business from the College of St. Thomas in St. Paul, Minn., and a master’s degree in hospital and healthcare administration from the University of Minnesota.
People
Safis Solutions LLC has hired Thomas Stergar as director of business development. Stergar previously founded Diabco Life Sciences LLC, a nutraceutical ingredient manufacturer for diabetes, malnutrition and immune system enhancement. He holds a bachelor’s in psychology from Indiana University.
Richard Ashby will join St. Vincent Medical Group on Jan. 7 as director of physician recruiting. Ashby comes from Houston-based Intercede Health, a national medical management organization, where he oversaw physician recruiting business operations. Ashby holds a degree from Ball State University.
The Anson Group added Sharon Kvistad as a senior regulatory consultant. Kvistad, who has worked on regulatory issues for medical device companies for three decades, holds a degree in biology from the University of Minnesota.
Indiana to receive nearly $793K in Amgen settlement
Amgen Inc. has agreed to pay Indiana nearly $793,000 as part of a larger settlement to resolve allegations it paid kickbacks to physicians who prescribed some of its drugs for unapproved uses.
Lilly agrees to pay $29.4M to settle SEC bribery charges
According to a statement released by the SEC, Eli Lilly paid $6.5 million—and in some cases gave jewelry and spa treatments—to win government contracts in Brazil, China, Russia and Poland.
LIBMAN: Shrink unwieldy not-for-profit boards
As major arts institutions in central Indiana search for administrative leadership and financial stability, a logical question might be, what should be the role of the board for a not-for-profit organization?
Women’s physician building targeted for foreclosure
A lawsuit from the lender claims that Women’s Physician Group still owes $8.7 million on a $9 million loan it received for a northwest-side building.
Company news
Indianapolis-based Eli Lilly and Co. and Germany-based Boehringer Ingelheim GmbH got good news from their Phase 3 trial of a new drug for patients with Type 2 diabetes, and said they plan to file for its market approval later this year. The drug, called empagliflozin, lowered diabetics’ levels of hemoglobin—a measure of blood sugar—more than a placebo. How the new drug will compare against similar drugs, called sodium glucose co-transporter-2 inhibitors, remains unclear. Lilly competitors Johnson & Johnson, Bristol-Myers Squibb Co. and AstraZeneca plc are racing to bring the new class of drugs to market. But Lilly and Boehringer officials said they are pleased enough with the results to file for a launch this year, according to a statement released Monday by Lilly. "We are pleased with the results for these Phase III clinical trials for empagliflozin," Enrique Conterno, president of Lilly's diabetes division, said in a prepared statement. "Diabetes is growing at a tremendous rate across the world. Patients and their physicians need more treatment options in order to help improve their blood sugar levels and reach their treatment goals." Also, Lilly and Boehringer Ingelheim announced that Lilly will re-assume exclusive development rights to a once-a-day insulin it calls LY2605541. That drug, as well as empagliflozin, were part of a co-development agreement Lilly and Boehringer signed in January 2011. Lilly unveiled a better-than-expected 2013 earnings forecast Friday, which sent its stock up by nearly 4 percent that day. The drugmaker forecast 2013 adjusted earnings of between $3.75 and $3.90 per share. Wall Street analysts were expecting 2013 earnings of $3.73 per share, according to a survey by FactSet.
The physician arm of Indianapolis-based hospital system Community Health Network took over cardiovascular services at Community Westview Hospital, displacing The Care Group LLC, on Jan. 1. Community Physician Network will now provide all specialty heart care at the 67-bed hospital at West 38th Street and North Guion Road. Community Health Network absorbed Westview in June 2011, securing a presence on the west side of Indianapolis to accompany its existing hospitals on the southern, eastern and northern sides of the metro area. The Care Group, one of the city’s largest physician practices, was acquired by Indianapolis-based hospital system St. Vincent Health in 2010. Community and St. Vincent are now working together to sign contracts with employers and health insurers in what they call an affordable care consortium.
A building on the northwest side of Indianapolis is the target of a foreclosure claiming that owner Women’s Physician Group LLP has defaulted on a $9 million loan. The lawsuit, filed Dec. 13 by U.S. Bank, claims that the physicians' group received the loan in April 2007 and stopped payment in August 2012, owing $8.7 million in principal. Including penalties and fees, though, U.S. Bank is seeking nearly $10.5 million, according to the suit. The 33,617-square-foot building at 8081 Township Line Road is completely occupied, according to the website of Cornerstone Companies Inc., the building’s broker. A representative of the physician group could not be reached for comment.
People
Dr. Larry Micon, a general surgeon, has joined St. Vincent Medical Center Northeast in Fishers. He holds a bachelor’s degree in biology from Indiana University in Bloomington and completed his medical degree at Indiana University School of Medicine in Indianapolis. Prior to joining St. Vincent, Micon served as director of surgical education at IU Health Methodist Hospital.
Community Physician Network has hired Dr. Josephine Bongiovanni, an internal medicine physician. She earned her medical degree at the University of Bologna Medical School in Italy. Her office is in Noblesville.
Dr. Thomas Howard, a specialist in liver, pancreas and gallbladder diseases, has joined Community Physician Network in Indianapolis. He earned his medical degree at the University of Oklahoma. He has been a professor at the Indiana University School of Medicine and a physician at the IU Melvin and Bren Simon Cancer Center.
Community Physician Network has Dr. Carl Pafford, a family medicine physician, in Fishers. He received his bachelor’s degree at Purdue University and completed his medical education at Indiana University School of Medicine. Pafford previously practiced family and emergency medicine in Tipton.
Dr. Matthew Rendel, a neurosurgeon, has joined Community Physician Network. He holds a medical degree from the Indiana University School of Medicine. Rendel provides care at Community Hospital South and Johnson Memorial Hospital in Franklin.
Community Physician Network has added Dr. Xian-Feng Zhu, an internal medicine physician, in Indianapolis. He completed his medical degree at Zhejiang Medical University in China. Before coming to Community, he practiced for seven years as a general internist in Marshalltown, Iowa.
Fiscal cliff deal threatens Indiana co-op health plan
Last week’s fiscal cliff bargain in Congress dealt a potentially fatal blow to a new health insurance plan, called Remedy Indiana, that was set to launch this year.