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.
Health Care & Insurance
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CNO changes course with Monumental Marathon sponsorship deal
Monumental Marathon Executive Director Blake Boldon called the three-year title sponsorship deal with CNO Financial Group “a game-changing sponsorship.”
Hoosiers could pay more for Obamacare policies next year
Seven insurers have filed requests to set new premiums for 2017, ranging from an average increase of 29 percent by Indianapolis-based Anthem Inc. to a decrease of 5.3 percent by Chicago-based Celtic Insurance Co.
CEO Lechleiter says Lilly in ‘most prolific period of new launches’
The Indianapolis-based drugmaker said Tuesday it has built a robust pipeline of drugs that “has the potential” to launch 20 new products in the 10 years between 2014 and 2023.
Insurer’s top 3 execs ‘retire’ amid dispute with board leader
Three top executives of Baldwin & Lyons Inc.—who spent a combined 124 years with the Carmel-based trucking insurer—have suddenly "retired" after clashing for months with the board's executive chairman.
Ombudsman blasts Nightingale; company calls report flawed
A court-appointed patient care ombudsman who looked into Nightingale Home Healthcare’s operations says he found more than 1,300 complaints from patients and family members since 2011.
Indianapolis health analytics company lands nearly $4M in VC
Springbuk, which aims to simplify the jobs of HR benefits and wellness managers, plans to use the money on product innovation and hiring.
Indiana surgery centers sue nation’s top insurer over payments
A Carmel surgery center is joining others in the state in suing UnitedHealthcare, alleging it unlawfully withheld payment for some services to make up for overpayment of other claims.
Supreme Court avoids major ruling in birth control dispute
The Supreme Court failed to resolve a knotty dispute between faith-based groups and the Obama administration over birth control on Monday.
Storing babies’ blood samples pits privacy versus science
Indiana is one of several states involved in legal battles over the storage of blood samples. The cases pose a dilemma: How can society balance the right to privacy with the needs of science and medical research?
AIT Labs founder to return more than $3M in settlement
The founder of AIT Laboratories, along with his insurance companies and bank, will pay back more than $3 million to employees who bought the company from him six years ago at what the government said was an inflated price.
Volatile malpractice fees frustrate doctors, hospitals
It’s been a roller-coaster ride for Indiana physicians and hospitals, with fees swinging wildly up and down in recent years to fund a state insurance program that helps pay malpractice awards.
Indiana Blood Center sees fewer donations amid Zika virus
The Indiana Blood Center said it has been forced to defer up to 30 percent of donors at some post-spring break blood drives because they had traveled to areas where the Zika virus is being transmitted.
Judge awards ex-Lilly manager $500,000 after lawsuit
A federal judge made the award to Lilly’s former executive director of human resources, who quit for health reasons and was later dropped from the company’s extended disability plan.
Cigna says deal with Anthem may not happen this year
An analyst said the delay could be a sign of trouble for the acquisition.
Humana leaving some states over Obamacare losses
Humana Inc. is set to exit Obamacare markets in at least two states to stem financial losses, another sign of the struggles that health insurers face in the controversial program.
Zika virus fear fuels demand for local DEET manufacturer
Indianapolis-based chemical manufacturer Vertellus Specialties Inc. has expanded its production capacity by 80 percent to keep up with customer demand for DEET, a common active ingredient in mosquito and tick repellents.
Longtime CFO DeVeydt announces resignation from Anthem
During his tenure, Wayne DeVeydt helped Anthem navigate through the recession, make the transition into Obamacare and negotiate its planned $54 billion acquisition of rival Cigna Corp.
Cook recalling 4.1 million catheters after reports of splitting or breaking
It’s the largest recall in recent years for Cook, which previously had issued four recalls covering more than 400,000 catheters and pressuring monitoring sets in the past two years.
Sale of local medical-device maker could bring $200 million
PTS Diagnostics, with about 150 employees in Indianapolis, said Monday it has entered a definitive agreement to be acquired by China-based Sinocare Inc.