New estimate says health plan to cost Indiana $2.9B
The estimate released Friday from an outside actuary hired by the state is lower than the actuary’s “worst case scenario”
given two weeks ago.
Health Care & Life Sciences
Articles
Eli Lilly invests in $250M Australian venture fund
The unnamed venture fund will be based in Brisbane, and will focus on biotechnology investments in Australia and southeastern
Asia.
Health care suppliers need to think long term, expert says
Companies in the health care supply chain need to engage in more strategic, long-term preparation even as the industry faces
uncertainties and upheaval, MIT expert tells local conference attendees.
UPDATE: Arcadia confirms major growth plans
Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the
company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
Drug-spending increase highest in four years
The price increase was fueled by the debate over the health-care overhaul in Washington, D.C., Medco Health Solutions Inc. CEO David Snow said.
Arcadia Resources says it will add 930 jobs
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday
morning announcement at the company's headquarters.
Two Indiana hospitals repay feds over $1M each
Ball Memorial Hospital in Muncie and Bloomington Hospital were among nine U.S. hospitals that had been charged with submitting
false claims to the Medicare program.
ER doc is affable WellPoint activist
Dr. Rob Stone wants the giant health insurer to convert to not-for-profit status and put him, an advocate of national health
insurance, on the company’s board.
Evans: Health care real estate is evolving
If Clarian Health CEO Dan Evans were investing in health care real estate, he’d make bets in three new things: smaller,
denser clinics with lots of computer equipment to do telemedicine; medical office buildings populated by physician assistants;
and nursing homes with a strong relationship with a hospital.
Bioanalytical Systems reports loss in second quarter
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West
Lafayette-based contract research firm said late last week.
State names first medical records technology chief
Indiana has named its first coordinator for overseeing a $10.3 million effort to shift the state's hospitals and clinics
from paper medical records to electronic files.
Sebelius sees insurers as health reform partners
U.S. Health and Human Services Secretary Kathleen Sebelius said having insurers as "good partners" is part of health
care reform, but she made no promises Friday to tone down criticism of an industry the Obama administration has attacked repeatedly.
IU lands $8.5 million grant to renovate Riley hospital
Gift will be used for a pediatric research facility to better identify how genetic and environmental factors contribute to
diseases in children.
Bioanalytical Systems names new chief executive
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive
Richard M. Shepperd earlier this year.
Lilly, others cut U.S. tax bills through transfer pricing
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of
last year. That cumulative total increased 70 percent over three years.
Work on northern Indiana hospital could start June 1
Community Health Systems plans to build a five-story, 250-bed hospital at the corner of U.S. 6 and Indiana 49 in Vaparaiso.
Construction is expected to cost about $225 million.
Renamed Conseco OK with less-flashy future
CNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy co-founder
Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability
by selling low-dollar products and emphasizing low-cost operations.
Lawmaker: Maybe Indiana should drop out of Medicaid
Senate Appropriations Chairman Luke Kenley, R-Noblesville, said the costs to Indiana for health reform will be so great that
the state should consider the drastic step of creating another option to Medicaid.
Ceremony marks start on new Wishard hospital
Construction of a new Wishard Memorial Hospital was hailed as a great legacy for Indianapolis as a formal groundbreaking was
held for the $754 million project.
Q&A
Joe Guzman is a co-founder of Indianapolis-based Ascend USA, the new trade adopted after Guzman merged his
benefits brokerage, Benefits Strategies Inc., with benefits business Steven Goodin. The eight-person firm expects to hire
as many 15 new employees in the next year. Those workers will help Ascend diversify from health benefits into brokering commercial
insurance products.