Apartments, shops planned for old Beech Grove hospital site
Dubbed Franciscan Place, the $20 million development will feature 150-plus senior-living apartments, shops and a restaurant in the old hospital. Work is expected to begin in February.
St. Francis Hospital
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Physician buyouts bruising hospitals
As St. Vincent Health has nearly doubled the number of physicians it employs over the past two years, the losses on those practices have mounted. And the same thing is happening at all the major Indianapolis hospital systems, as all have spent the past four years aggressively acquiring physician practices.
Loss of St. Francis puts Beech Grove at crossroads
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
Franciscan to mark Beech Grove closure
Franciscan St. Francis Health announced five years ago that it would consolidate its Beech Grove operations into an expanded hospital seven miles south, near Interstate 65 and Emerson Avenue. The last inpatient department to close at Beech Grove will be its emergency room, on March 16.
St. Francis Hospital project targets Greenwood’s growth
The $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000 to 2009.
St. Francis plans $20M medical campus near Greenwood
The project along Indiana 37 will include outpatient facilities and an emergency room.
St. Francis-WellPoint deal is a sign of the times
St. Francis, which operates three Indianapolis-area hospitals, and WellPoint, the giant health insurer, announced this month that they have agreed to jointly form an accountable care organization.
Company news
Indianapolis-based VoCare Inc. has raised $2.2 million from angel investors to launch a mobile device that connects doctors with patients, and expects to reach $3.5 million in fundraising by the end of the year. The startup has developed a device that can combine a tablet computer with a cell phone and a pendant device that calls for help in case of a fall. The company intends to charge about $600 for the device, which could replace a traditional cell phone, plus $120 per month for communication services. VoCare, which has six employees, hired Indianapolis-based AGS Capital LLC to do the fundraising.
Eli Lilly and Co. plans to invest as much as $150 million in three venture-capital funds to aid development of medicines. The funds may be worth up to $250 million each, and Indianapolis-based Lilly will contribute as much as 20 percent of the money, according to Bloomberg News. CMEA Capital, a San Francisco venture-capital firm, started raising money in August for one of the funds with Lilly. Lilly needs to find new medicines as drugs accounting for nearly half its 2009 sales are set to lose patent protection in the next three years, led by bestselling antipsychotic Zyprexa. The Indianapolis-based drugmaker spoke with more than 80 venture-capital and private-equity firms over a year before choosing partners, Bloomberg reported.
Major Hospital and St. Francis Hospital opened a $1.5 million cardiology center on Monday. The UnaVie center, located in the Intelliplex Medical Arts Center in Shelbyville, will house cardiologists, pulmonologists and other medical staff. Dr. Chris Ballast will serve as medical director for the cardiac clinic.
Columbus Regional Hospital has joined the Indiana Network for Patient Care, which allows more than 65 hospitals, long-term-care and other health care providers to swap clinical information about patients. The network, operated by the Indianapolis-based Regenstrief Institute Inc., processes 2.5 million transactions daily, including lab test results and medication and treatment histories. The network is also part of the Indianapolis-based Indiana Health Information Exchange. Columbus Regional is a 225-bed hospital south of Indianapolis.
Indianapolis hospitals extending reach statewide
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.
St. Francis sues OrthoIndy over new surgery center
Legal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
Indiana hospitals settle Medicare lawsuit
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.
St. Francis resumes work on $265M project
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.
St. Francis, Anthem finalize health insurance contract
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.
St. Francis buys big cardiology practice
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.
Old St. Francis Hospital may become mix of retail, senior apartments, offices
The city of Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. Tentative plans call for
a mix of office space, apartments for seniors, and retail space.
WellPoint, St. Francis battle over insurer’s IT problems
A year of computer snafus boiled over Oct. 13 when the St. Francis system declared WellPoint Inc. in breach of its contract
because of habitually late payments.
St. Francis CEO organizing effort to heal state’s health care
Bob Brody, CEO of St. Francis Hospital and Health Centers, is spearheading an emerging group of central Indiana health reformers
who want to start a bottom-up process to develop alternative solutions to the state’s–and possibly the nation’s–health care
crisis.
St. Francis CEO says Beech Grove move inevitable
Robert J. Brody, president and CEO of St. Francis Hospital & Health Centers, announced March 8 that St. Francis would shutter
its inpatient hospital in Beech Grove and expand its south-side hospital by 2010. In an interview with IBJ, Brody laid out
the ills that beset hospitals across the country.