Authorities say the former longtime Anthem investigator conspired with four others to help clinics submit false claims to the Indianapolis-based insurer for procedures not covered by insurance.
The purchase is part of the insurance giant’s strategy of bringing provider assets in-house.
City and state officials said Tuesday they have been working with Anthem for some time but did not offer the company tax breaks in exchange for its decision to spend $20 million to renovate its huge campus on Virginia Avenue, just south of downtown.
A local couple that operates a downtown insurance firm has embarked on a “multimillion-dollar” project to rehabilitate the Vonnegut-designed structure, which recently has played host to heavy-metal concerts and league basketball.
The insurer ended speculation of an impending exit by formally announcing Tuesday morning that it would remain based in the city and planned to invest $20 million for renovations to an office campus in the Mile Square.
The U.S. attorney’s office says five central Indiana residents and one man from Detroit took more than $8 million from a bank and an insurance company, in part to pay for a home, a wedding, cars and more.
President Donald Trump is set to unveil his long-awaited plan for reducing drug prices after more than a year of bold promises to tackle pharmacy costs that are squeezing millions of Americans.
Brian Griffin, CEO of Anthem’s start-up drug unit, IngenioRx, is leaving the Indianapolis-based insurer to become CEO of Diplomat Pharmacy in Michigan.
Carmel-based insurer Baldwin & Lyons Inc. saw a big increase in revenue and premiums written in the first quarter, but a jump in accident losses almost wiped out earnings.
Shares in Athenahealth Inc. surged the most since 2016 after activist investor Elliott Management Corp. bid to acquire the medical company for $160 a share.
Indianapolis-based insurer Anthem Inc. hiked its 2018 forecast after it topped Wall Street expectations with its first quarter performance.
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors.
Health and Human Services Secretary Alex Azar, a former Eli Lilly and Co. executive who was hospitalized twice this week, has hired Jim Parker, president and CEO of MDwise and a former longtime executive at Anthem Inc.
Four of the 20 biggest health-care companies in the Standard & Poor’s 500 Index saw a benefit from the tax overhaul in the fourth quarter. Among them was Indianapolis-based Anthem Inc.
Insurance company Anthem Inc. has agreed to settle a federal lawsuit filed by Indiana parents who were denied coverage for therapy for their children with autism.
Business history is littered with colossally bad mergers that seemed brilliant at the time. So the insurer might benefit from avoiding the temptation to follow the current trend. Or it could get left in the dust.
Walmart and Humana have explored a wide range of options including a merger, according to a source familiar with the situation.
Derica Rice, 53, one of the nation’s most powerful black executives, retired from Indianapolis-based drugmaker Eli Lilly and Co. in December, after the company passed him over when naming a new CEO.
Health insurer Cigna is buying the nation’s biggest pharmacy benefit manager, the latest in a string of proposed tie-ups as health care’s bill payers attempt to get a grip on rising costs.
Two Los Angeles doctors allegedly used fraudulent studies to persuade people to get Lap-Band surgery for weight loss and duped insurers into helping to pay the bills in what U.S. prosecutors called a $250 million scheme.
