IU Health to lay off 800 employees
The Indianapolis-based hospital system said Thursday it must make the cuts because fewer patients have been coming to hospitals and payment rates for its services have been declining.
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Drugmakers turn up marketing efforts in diabetes market
With a half-dozen new products lined up for approval within two years, the fight to win the growing $22 billion U.S. diabetes market is expected to intensify.
Indiana University shifting 50 jobs to temp agency
The move is partly being made to avoid having to add those workers to the IU health insurance plan as required by the federal health care overhaul.
Healthy Indiana Plan extends trial run a year
Indiana is being granted a limited extension of its Healthy Indiana Plan while state and federal health care leaders continue negotiating a possible Medicaid expansion.
China bribery probe leading to tough drug market, CEO says
Drugmakers under investigation for bribery have stopped promoting products in China, and physicians in some hospitals no longer want to meet sales representatives. Eli Lilly is among the drugmakers in China facing allegations.
Health firm plans move to Carmel, adding 675 jobs
American Specialty Health, a California-based provider of wellness programs, plans to lease about 90,000 square feet of office space in Carmel and open its new headquarters next June.
SEC accuses Indy cancer firm of being a sham
The SEC says the CEO of locally based biomedical firm Xytos Inc. has committed securities fraud
since 2010 by repeatedly publishing false information to investors about the company. Timothy Cook denies the accusations.
Indiana board considers 1-year delay of patient tests
Indiana's Medical Licensing Board is considering delaying for one year a proposed new rule that would require physicians to conduct annual toxicology tests on some patients as part of a larger state effort to crack down on prescription drug abuse.
Planned Parenthood sues Indiana on abortion pill law
Planned Parenthood is suing to block a new Indiana law that tightens abortion pill regulations, arguing that the law wrongly targets the organization's clinic in Lafayette.
Lilly cites ‘deep concerns’ over China kickback allegations
Eli Lilly and Co. said it is investigating allegations its employees paid Chinese doctors at least $4.9 million in bribes and kickbacks to promote the sales of two diabetes drugs.
Dermatologists seek ban on minors using tanning beds
Dermatologist Carrie Davis of Bloomington, a member of the Indiana Academy of Dermatology, told the legislative commission Wednesday that skin cancer is the most common type of cancer in the United States.
Doctor charged with overprescribing painkillers
Dr. Segun Rasaki, 49, prescribed drugs like hydrocodone and methadone to people who didn’t need them, and submitted fraudulent insurance claims such as duplicate billings, according to court documents.
Federal health overhaul pinches Ivy Tech’s part-time faculty
The community college is cutting hours for part-time professors in response to the health care reform law, which requires employers to provide coverage to part-time employees who work 30 hours a week or more.
‘Sound Medicine’ earning its chops in radio markets across country
Public broadcasting station WFYI-FM 90.1 aims to expand distribution of its locally produced “Sound Medicine” show to include at least 30 radio stations in large- and medium-sized markets in the next two years.
Lilly lung cancer drug raises patient survival in trial
If approved, the drug would be a potent boost to Lilly’s product portfolio. It would also mean a critical new therapy for a cancer that’s proven difficult to treat.
Blue Cross reaches out over insurance law changes
Indianapolis-based WellPoint and other Blue Cross Blue Shield health plans are among the health insurers most aggressive in reaching out to build consumer trust and capture spending on policies.
Roche to cut local jobs after diabetes-care sales plunge
Roche’s diabetes care unit, which employs more than 900 in Indianapolis, suffered a 14-percent decline in revenue during the first half of 2013. Roche has reportedly put the unit up for sale.
Zotec Partners plans $200 million acquisition
Acquisition of Atlanta-based medical billing firm would zoom annual revenue at Carmel-based Zotec from $85 million to $215 million. The combined companies would employ 1,750 people.
IU med school’s research efforts have multiplied, but so have peers’
Retiring Indiana University School of Medicine Dean Dr. Craig Brater has, in his 13-year tenure, doubled the school’s number of research-oriented faculty to 700, doubled the amount of space for them to work in, and doubled the revenue from research grants and contracts. But all that effort has hardly budged IU in national rankings.
WellPoint expects Obamacare to boost revenue to $90B by 2016
Health care reform, long perceived as a huge threat to WellPoint Inc., is now being embraced by the insurer as a huge growth opportunity.