Indiana University Health Foundation, the fundraising arm of IU Health’s adult hospitals, is launching the campaign with the ambitious goal of making Indiana one of the healthiest states in the country.
The Department of Metropolitan Development staff is recommending approval if IU Health explains why it changed several items in the plan, including why it wants to build two surface lots for 291 cars on sites that were previously planned for structures.
Indiana University Health’s 70,000-square-foot pharmacy hub and distribution center in Plainfield has enough pills, lotions, and infusible and injectable drugs under one roof to supply its 16 hospitals and hundreds of clinics for weeks.
IU Health expects to give about $690 million worth of work to diversity contractors. That’s 30% of $2.3 billion—the amount the hospital system says the project is worth after subtracting the cost of expensive medical equipment such as imaging scanners.
The move means that patients who need acute hospital care, such as surgery or trauma care, will need to travel more than 20 miles to Jay Hospital in Portland, Ball Memorial Hospital in Muncie or Marion General Hospital in Marion.
The hospital system confirmed Monday that it priced the bonds at $726 million on June 6 and expects to close on the offering July 6. The bonds will help finance IU Health’s new downtown hospital.
The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
The state’s largest hospital system this week reported a “slightly positive” first quarter as operating revenue increased 8% over the same period of 2022.
The premature end of the IU Health partnership could leave a large number of IPS schools without a registered nurse or licensed practical nurse to dispense medication or respond to health emergencies.
IU Health said it responded to its highest patient demand ever last year, driven by surges in COVID-19 cases, high counts of critically ill patients, and the need to perform surgeries and other procedures delayed in the pandemic.
A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.
Indiana University Health said Monday the cost of its new downtown hospital complex will now top $4 billion, an increase of 60% over previous estimates, due to higher construction costs and a major increase in the number of patient rooms.
As president of Indiana University Health Foundation, Crystal Miller oversees $300 million in net assets and 50 employees.
The Indianapolis Airport Authority said it hopes to receive tentative approval to decommission the facility at 51 S. New Jersey St. by the end of February. It is working with the Federal Aviation Administration to secure the designation, which is crucial for future redevelopment of the site.
Indiana University School of Medicine’s planned medical education and research building marks the largest construction project in the history of the school.
Indiana University Health, the state’s largest hospital system, has set up the teams to help its doctors seeking guidance on whether they can legally perform an abortion to protect the health of the mother and other situations.
Meanwhile, IU Health, Indiana’s largest health care system, said Saturday that it would take a few weeks to study the implications of the law on patients and practitioners.
The Indianapolis-based hospital system said in financial filing Thursday that the review comes in light of higher-than expected patient demand during the pandemic, inflation and sustainability goals.
Despite ringing up an operating profit in the second quarter, Indiana University Health reported a total loss for the first six months of 2022 of $929.6 million, and attributed the loss largely to declines in financial markets.
A Bloomington surgeon alleging Indiana University Health violated federal antitrust laws by acquiring local competitors has convinced the 7th Circuit Court of Appeals to reinstate his complaint.
