Indianapolis-area hospitals spent billions on construction in the past decade and increasingly tried to poach patients from one another’s territories. Yet last year—one of the worst economically in recent history—21 of 26 hospitals still were able to show operating profits.
Monroe Hospital in Bloomington is the latest target in the statewide buildup by hospital systems. St. Vincent Health, St.
Francis and at least one other system have all had talks in the past month with Monroe.
The scramble by local hospitals to form their physicians and facilities into “clinically integrated” networks
that can do business with employers and health insurers has another huge motivating factor: Beginning January 2012, they can
also do business with Medicare, the massive federal program for seniors.
Clarian Health is launching its own health insurance plan, the boldest of several initiatives at Indianapolis hospitals to
bypass health insurers and provide health benefits directly to employers.
Unemployment in Indiana has moderated slightly, but more than 313,000 Hoosiers remain out of work. And with attempts to extend
benefits for the jobless stalled in Congress, it’s likely more people will struggle to pay medical bills.
To understand why hospitals are so eager to employ physicians—and prevent them from owning their own facilities—look
no further than the latest data on how much doctors are paid compared with how much revenue they generate for hospitals.
St. Francis Hospital & Health Centers has acquired Joint Replacement Surgeons of Indiana, a six-doctor practice that
operates in St. Francis' Mooresville hospital.
St. Vincent Health’s agreement to lease the county hospital in Salem for five years is the latest in a string of deals
by Indianapolis hospital systems seeking a statewide presence.
The Indiana Osteopathic Association passed over a virtually certain $75 million in startup funding from Indiana Wesleyan University
to choose Marian University for its new osteopathic college.
It’s the latest exhalation by a local hospital after massive
investment losses and a scary economy forced them to tighten their belts a year ago.
Legal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more
than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic
order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to
a 12th century mystic.
Six hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower
lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.
With its financial performance exceeding expectations, St. Francis Hospital & Health Centers will resume construction on a $265 million, 221-bed patient tower at its Indianapolis campus, the hospital system announced Thursday.
The St. Francis hospital system has finalized a multiyear agreement with Anthem Blue Cross and Blue Shield of Indiana, ending
a months-long dispute over insurance-reimbursement costs, the parties said yesterday.
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.
As concern grows among medical providers that health care reform augurs lower payments, St. Francis
Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its
facilities.
When it comes time to celebrate African-American History month, wouldn’t we be better served with profiles of young, living role models we can talk to—heroes who can talk to us? Let me submit for your consideration Mercy Obeime.
St. Francis Hospital-Mooresville is seeing higher-than-projected use of a newly added emergency department that has firmed
up its status as a full-service hospital.
Marion County hospital systems anticipate more mergers, possibly with each other.
