GeniPhys builds momentum with wound care technology
After 10 long years, the company that has developed a collagen biomaterial to help heal tissue is readying itself for its next big steps: regulatory approval and commercial launch.
John Russell
Articles
Report: Indiana, U.S., could see closings of more rural hospitals
More than 700 rural hospitals across the U.S., including four in Indiana, are at immediate risk of closing because of serious financial problems they are experiencing, according to a new study.
Riches and gifts roll on for Lilly Endowment
The Lilly Endowment is writing a flurry of big checks again and recently sold more than $50 million worth of stock in namesake drugmaker Eli Lilly and Co. to fund the gifts, many of them to Indiana organizations.
UIndy lands $5M gift from graduate and retired Lilly exec Stephen Fry
The money will go to start three programs designed to give students real-world business experience along with their classroom experience.
Cook Medical invests in California urology-device company
Cook Medical is leading a $24 million investment round to support a medical-device startup developing a minimally invasive treatment for urinary conditions.
Colorado business seeks tax abatement on Pike Township battery storage project
The proposed battery farm would store electricity during times when there’s excess power on the grid and then discharge the energy back into the grid during times of peak demand.
IU Health to cut 100 jobs in systemwide restructuring
The Indianapolis-based hospital system said it is transitioning from six regions to four to improve patient care models and better align with future expansion.
Ambulatory surgical center offers ‘fairly-priced’ alternative
Wellbridge Surgical is also selling price transparency, with an extensive website that lists prices for more than 250 procedures, ranging from an ear tube removal ($2,610) to a total knee replacement ($23,000).
Elanco buys manufacturing facility in England for $25M
Greenfield-based Elanco said the facility has played a vital role in producing a number of product lines for the firm, representing $160 million to $180 million in annual farm animal revenue.
Community Health sues Humana to recover $7.3M in payments for drugs to low-income and uninsured
Community Health said Humana intentionally withheld reimbursement for outpatient prescription drugs provided to Humana’s Medicare Advantage members between Jan. 1, 2018, and Dec. 31, 2022.
Q&A: OrthoIndy’s John Ryan talks about staying independent in a consolidating health care industry
The economics are daunting: Rising costs and flat reimbursements mean private groups must work harder to stay independent.
AES Indiana gets green light to convert Petersburg power plant from coal to natural gas
Indiana utility regulators on Wednesday approved a sweeping plan by AES Indiana to stop burning coal at its massive Petersburg Generating Station, despite opposition from the coal industry and some elected officials.
Elevance Health sues feds over ‘arbitrary and capricious’ star ratings for Medicare Advantage plans
At stake are billions of dollars in bonuses that the Centers for Medicare and Medicaid Services awards to insurers that achieve a certain start rating on their Medicare Advantage scores.
Years after fanfare, hospital remains unbuilt
But two years after the groundbreaking for an Ascension St. Vincent facility in West Lafayette, the planned $25 million development has little to show for itself. The 7-acre site sits empty, with no indication that anything is coming soon.
College students get inside look at Swift tour, will help visitors navigate Indy
Local college students are getting a “pop-up course” in hospitality and civic engagement while helping host a massive event this weekend when Taylor Swift performs in Indianapolis.
Heartland Bioworks names Kristin Eilenberg executive director
Eilenberg, currently vice president of life sciences and health care at Elevate Ventures, starts her new position next Wednesday, Heartland Bioworks announced Thursday morning.
OrthoIndy and Indiana Hand to Shoulder Center Combine Orthopedic Practices
Two Indianapolis-based orthopedic medical practices are joining forces, creating a combined operation of more than 100 physicians and 1,200 employees with 22 locations across central Indiana.
UPDATE: Lilly shares tumble on earnings report that falls short of Wall Street expectations
The Indianapolis-based drugmaker missed expectations on sales of two popular drugs, diabetes treatment Mounjaro and weight-loss treatment Zepbound, which it attributed to inventory decreases in the wholesaler channel.
Indiana Hospital Association names longtime health care leader as new president
Scott B. Tittle, a former health care policy adviser to former Gov. Mitch Daniels and nursing home trade association leader, will take the helm of the nonprofit professional trade group on Nov. 25.
New federal agency kickstarts Indiana kidney project with $44M award
Sen. Todd Young visited the 16 Tech innovation district Monday to underscore the work of a young federal agency that wants to shake up the conventional model of funding biomedical research.