One of city’s largest, oldest benefits firms to be acquired
Nyhart has agreed to be acquired by Dresher, Pennsylvania-based Ascensus, the nation’s largest independent provider of retirement and college savings services.
Employee Benefits
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Fast-growing Activate Healthcare acquired by Denver firm
The Indianapolis-based provider of health clinics for businesses has grown to 250 employees in 10 years. But it recently started looking for another owner.
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Springbuk software release spurs double-digit growth
Local tech firm, Springbuk, has grown from 16 to 102 employees in a little more than two years. A recently released product upgrade the company is calling “a game changer” is spurring another round of serious growth.
Rokita lands job with Indianapolis health benefits company
Todd Rokita, who represented Indiana’s 4th district from 2010-2018 and served as secretary of state from 2002-2010, has taken a job as general counsel and vice president of external affairs for Apex Benefits.
Walmart to leave CVS pharmacy network
The dispute between the world’s largest retail chain and the prominent pharmacy-benefits manager could roil the business of filling prescriptions.
Walmart offers employees new perk: cheap access to college
America's largest private employer hopes the new benefit will help it recruit and retain higher quality entry-level employees in a tight U.S. labor market.
IndyGo’s daunting task: Turn drivers into health fanatics
Since starting a wellness program in 2010, IndyGo has seen employee participation climb from just a few, skeptical workers to 97 percent of the workforce.
Opioid-abusers on payroll create risks at workplace
Castlight Health, a benefits platform, estimates that opioid abusers cost employers nearly twice as much in health-care expenses as their clean co-workers—an extra $8,600 a year.
Employers, workers brace for another round of health premium increases
The National Business Group on Health is projecting the total cost of providing medical and pharmacy benefits to increase 5 percent for the fifth consecutive year in 2018.
Health advocates gain favor to help employees navigate health care complexities
Employers began hiring health advocates in earnest nationwide about four years ago, fueled by implementation of the Affordable Care Act and growing public awareness that provider rates and quality can differ greatly.
Medicaid cuts spell trouble for home health firms
The state’s Family and Social Services Administration is set to cut home health care Medicaid reimbursements for licensed practical nurses, registered nurses, aides, therapists and pathologists.
Anthem slaps lawsuit on Express Scripts over drug pricing
The insurer’s CEO said in January that Anthem should be reaping an addition $3 billion per year in savings on drugs from Express Scripts, which manages its pharmacy benefits.
Netflix to give workers with babies a year of paid leave
Netflix is giving new parents on its payroll up to a year of paid leave in a move that could pressure other technology employers to improve their baby benefits as they vie for talent.
Indy-based health data firm snares $1.5M in VC round
Healthiest Employers LLC, which collects and measures corporate health information, plans to use the funds to drive sales of its analytics software.
Firm looks to bulk up on fat-reduction results
Wellness company On Target Health LLC, which one year ago launched a program to help overweight workers lose fat but not muscle, is seeing strong results from its first two clients.
Hillenbrand sees rare progress in controlling workers’ weight
Hillenbrand is making headway at a time when most corporations reap little improvement for their investment in wellness programs.
Employer clinics are latest health care disruption
The clinics could rearrange the system by forcing price quotes and demanding that providers follow-through.
Health Care & Benefits Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's health care and benefits sector for a Power Breakfast panel discussion Sept. 26. The panel discussed disruption of employer clinics, health care spending and more.
IU Health to bypass Indy next year on Obamacare exchange
IU Health Plans, the insurance arm of the Indianapolis-based hospital system, is limiting itself to three middle-size markets next year—Bloomington, Lafayette and Muncie—even though the bulk of its facilities is in the metro area.
Online insurance brokerage sets sights on Indiana
Obamacare could, according to some health insurance experts, cause most small businesses to end their group health plans. Now a new venture-backed company opening up shop in Indiana is trying to make that prediction a reality.
Employers scramble to deal with same-sex marriage
Nine out of 10 Hoosier employers do not offer benefits to same-sex partners, meaning many might need to change their policies after a federal judge on Wednesday declared same-sex marriage legal in Indiana.