Two Beech Grove officials said a $3.75 million agreement between Franciscan Alliance and Los Angeles-based DealPoint Merrill expired on Tuesday without closing, leaving the future of the mammoth campus in question.
Through partnerships with county-owned hospitals, Indiana’s nursing homes pulled in about $260 million last year in extra federal funds. That means participating nursing homes enjoyed a 10 percent bonus check.
Dr. Jeff Sperring, the CEO of Riley Hospital for Children in Indianapolis, will leave this spring to become CEO of Seattle Children’s Hospital in early May, the Seattle hospital announced Thursday.
After cutting staff sharply in 2013, Franciscan enjoyed more revenue and big profits in 2014. The key question for its and other hospitals’ future is whether they can keep up these gains in productivity to handle looming payment cuts from Obamacare.
An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
Top-down culture change only works in North Korea, says the head of a group of local CEOs that is working broadly and subtly, not tyrannically, to improve Indy’s culture of eating and exercising.
The future of U.S. health care will be about precision and parsimony. And Roche Diagnostics Corp. think its new line of DNA-level testing machines are just what the doctor ordered.
The U.S. Department of Justice told Lilly last month its investigation was over—more than a year after the drugmaker paid $29 million to the SEC to settle related bribery allegations.
Getting upfront price estimates from hospitals has been a nightmare for consumers, but hospitals are starting to give them out more often. Community Health Network is even promoting its price-estimating service on its website.
Lawyers for Indianapolis power couple Steve and Tomisue Hilbert are slinging “ludicrous allegations” of witness tampering just to cover up their own wrongdoing, according to the latest broadside from the attorneys representing John Menard, the Hilberts’ former business partner.
Franciscan St. Francis Health has finally found a buyer for its former hospital campus in Beech Grove. Trouble is, it’s found two.
The Legislative Services Agency predicts a three-year ban on new skilled nursing beds would save the state $2.2 million—not the $24.6 million reported by the state in December.
Anthem Inc. spends $50 million a year and employs 200 people to keep its information technology secure. Yet the Indianapolis-based health insurance giant still left itself vulnerable to hackers on key fronts leading up to the theft of 80 million consumer records.
A sleepy season for Obamacare sign-ups will end on Sunday will overall enrollment almost exactly where insurers predicted it would be. But low-priced plans, such as Ohio-based CareSource, have scooped up far more customers than expected.
St. Vincent’s operations produced a healthy profit margin of 10 percent last year, but nearly half of that money—$134 million—was shipped to Ascension Health, St. Vincent’s parent organization. That’s nearly 5 percent of what Hoosiers and their health plans pay for care at St. Vincent each year.
Just like at law schools across the nation, enrollment has fallen at the Indiana University Maurer School of Law, IU Robert H. McKinney School of Law at IUPUI and Valparaiso University Law School in northwest Indiana.
At least one Indianapolis law firm already is preparing a lawsuit against Anthem Inc., after hackers stole personal information on as many as 80 million customers. The breach is certain to spur much more litigation.
Leaders of the IU Health hospital system have discussed recently, according to multiple sources, whether a closer partnership with Eskenazi Hospital might be just what the doctor ordered.
Eli Lilly and Co. predicted its 2015 sales will come in roughly $1 billion less than analysts have expected, due to the strength of the U.S. dollar against foreign currencies.
Tx:Team has always run its business by sending its therapists to wherever patients are—rather than wooing them into its own facilities. Now, financial pressures from Obamacare and cash-strapped employers are pushing all health care providers to do the same.
