Tech startup Arrive recruits former Carmel mayor, Elevance CFO
The two additions could help Arrive AI—a maker of smart mailboxes with security and temperature-control features—to gain more traction with municipalities and health care providers.
Health Care & Insurance
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Charitable care from Hoosier not-for-profit hospitals remains stagnant while revenue increases
Meanwhile, health care systems continue to send thousands of Hoosiers to court over unpaid sums as small as $250.
IU Health operating income falls 73% in first six months of 2024
Indiana University Health, one of the state’s largest hospital systems, saw patient volumes and revenue grow in the first six months of the year, but saw operating income fall as the costs of labor, supplies and drugs increased to meet higher demand for surgeries and patient care.
Boar’s Head expands recall to include 7M more pounds of deli meats
The recalls are tied to an ongoing outbreak of listeria poisoning that has killed two people and sickened nearly three dozen in 13 states, according to the U.S. Centers for Disease Control and Prevention.
Groups launch hospital-linked violence intervention program
The program aims to reduce the likelihood of future violence by engaging victims of gun violence and their families with long-term services and support.
Plaintiffs push back against state’s legal response in HIP lawsuit
Plaintiffs rejected a state motion to reinstate its authority to impose premium-like charges on Medicaid beneficiaries under the Healthy Indiana Plan, urging the court to reject the state’s arguments.
Novo’s diabetes drug shows mixed results in Alzheimer’s trial
Victoza yielded mixed results in a mid-stage study of Alzheimer’s disease, failing to meet its primary goal while showing hints that larger trials of similar drugs may be successful.
Trilogy Health to expand senior housing in Noblesville, Mooresville, Greenfield
The expansion projects in three central Indiana communities are part of a larger investment the company said it is making across the Midwest to senior living and assisted living services in Indiana, Kentucky, Michigan and Ohio.
Blood test for colon cancer screening approved by regulators
The test isn’t a replacement for colonoscopies, but provides a noninvasive approach to screening.
Blood tests for Alzheimer’s might be coming to your doctor’s office.
Researchers reported Sunday that new blood tests were 91% accurate in detecting Alzheimer’s disease, far more accurate than a diagnosis from primary care doctors and specialists.
Community Health sees 44% drop in first-half operating income
Despite the decrease, Community Health Network saw an increase in admissions, emergency visits, deliveries and physician outpatient visits during the first six months of 2024.
How Lilly wooed Massachusetts biotech with flurry of offers
It was a mating dance that lasted more than three years. At the end, Eli Lilly and Co. wound up buying a Massachusetts-based biotech developing treatments for inflammatory bowel disease for $3.2 billion.
Hims & Hers adds longtime Novo executive to board amid weight-loss bet
Shortages of brand-name drugs made by Novo and Eli Lilly and Co. have allowed pharmacies to make what are essentially copies, and telehealth companies like Hims are selling them to patients at a steep discount.
Lilly shares slide 7% after Roche announces obesity pill test results
The Roche drug is a once-daily pill, compared to Lilly’s tirzepatide, sold under the brand names Mounjaro (for diabetes) and Zepbound (for obesity), which is a once-weekly shot.
Elevance Health stock falls as medical costs show signs of rising
The Indianapolis-based health insurance giant posted solid second-quarter results, but emerging pressure in Medicaid appeared to spook investors.
INCOG BioPharma investing additional $125M on Fishers campus
The expansion plan includes construction of a 100,000-square-foot building on its corporate campus and the addition of 100 jobs.
IU Health plans $421M hospital, 500 jobs in Fort Wayne
The state’s largest health care provider said the five-story hospital will include 140 beds, 17 emergency department exam rooms, and six operating rooms.
Marian University receives $29M gift for medical school
The donation, the largest individual gift in Marian’s history, came from Julie Wood—on behalf of the Tom & Julie Wood Family Foundation.
Labor Department wants Indy health care owner held in contempt on overtime issues
The Labor Department filed a complaint this week in U.S. District Court against the owner of eight Indianapolis-area health care services companies, saying an estimated 700 employees might have been shortchanged by his practices.
Stevanato commits to paying Fishers employees a living wage
Stevanato, an Italian-based life sciences company that makes glass vials and syringes for pharmaceuticals, has committed to paying employees at its new Fishers facility no less than $70,000 annually.