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Binford med center making headway

April 10, 2006

The building skeleton planted recently at the corner of 65th Street and Binford Boulevard offers only a hint of the $29 million medical complex Ken Schmidt wants to grow there. The Indianapolis developer will add four more buildings and a separate pharmacy to the 17 acres of land he bought several years ago. The end result, he said, will be a medical plaza that offers a unique blend of services encompassing dental work, radiology and ambulatory surgery, among other specialties….

COMPEN$ATION CLASH: Complexity boosts not-for-profit pay, but should work be its own reward?

April 10, 2006

At least two large Indianapolis not-for-profits have been investigated-and cleared-as part of an Internal Revenue Service examination of compensation practices at tax-exempt organizations. Preliminary results of the nationwide inquiry aren’t expected until fall, but the scrutiny already has increased the volume in an ongoing debate over how not-for-profit executives should be paid. Some observers have called for setting limits on not-for-profit compensation, citing the charitable nature of the work. Others insist sixor seven-figure pay packages are not out of line…

Clarian chooses small firm for big advertising account: The Heavyweights gets nod over larger agencies

April 10, 2006

One of central Indiana’s largest advertising accounts has been awarded to a relatively small but growing agency. Clarian Health Partners this month signed what industry sources are calling a multiyear, multimillion-dollar deal with The Heavyweights, a firm headquartered in The Stutz Building downtown and best known for its creative work for clients such as Procter & Gamble and Roche Diagnostics. Officials for Clarian and The Heavyweights would not divulge the deal’s terms. The Heavyweights will provide creative direction and strategy…

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

April 3, 2006

Which of those constituent groups is most important to Brand is open to debate. Since Brand stepped down as Indiana University president to take over at the NCAA in January 2003, the association’s annual revenue has grown from $433.2 million to $521.1 million. The increase is driven largely by an 11-year, $6 billion TV contract with CBS that took effect during the 2002-2003 sports season. Under Brand’s watch, the NCAA has ushered in new sponsors, including Sirius Satellite Radio, Direct…

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

April 3, 2006

A team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed plans with the city to build a six-story, 182,750-square-foot building on the eastern side of the canal. The site sits just south of a pathology laboratory on 11th Street that Clarian plans to dedicate later this month. The Indiana University schools…

VIEWPOINT: ‘Eating our young’ as a way of mentoring?

March 27, 2006

I recently came across an insightful publication by the Center for the Development of Peace and Well-Being at the University of California, Berkley, called Greater Good. One article especially caught my attention: “Inspiring Good Work” (spring-summer 2005 issue) by researchers Wendy Fischman and Howard Garner, of Harvard University’s GoodWork Project. As highlighted in the article, the GoodWork Project’s research, under way for the past decade, has revealed that young people leaving college and embarking on their professional careers are finding…

NOTIONS: A kid, a shave, a health care dilemma

March 27, 2006

For the second time in his young life, 9-year-old Joey Chamness had his head shaved last week. This time, the skinhead look is voluntary. Last time, it was chemotherapy. On a Thursday afternoon in January 2005, Joey was playing soccer when he felt pain in his left leg. He’d experienced this before, but not this bad. So Joey’s parents called the family pediatrician to schedule an appointment. The following Monday, the doctor took a look and said it was probably…

Turned away, twice: Hot biotech inventor scores coastal cash after local VCs say no

March 27, 2006

When a proven Indiana life scientist invents a promising medical technology, you’d expect local venture capitalists would snap to attention. So when Lafayette-based Ash Access Technology Inc. announced March 14 it had landed $6 million in venture capital, it was surprising to note the names of the investors in the deal. None were based inside state lines. But Dr. Stephen Ash wasn’t shocked. After all, he’s been through this before. “I don’t know what happened,” Ash said. “I was disappointed….

WellPoint freezes pensions: Insurer joins national trend, shifts focus to 401(k) plan

March 20, 2006

WellPoint Inc. quietly froze pension contributions for most of its 42,000 employees earlier this year, a move that draws criticism but falls in step with what many other big employers are doing. The Indianapolis-based health insurance giant noted deep in an annual report filed late last month that on Jan. 1 it stopped adding pay credits to the pension accounts of employees not nearing retirement. The insurer rang up a $2.5 billion profit last year and, unlike some other companies…

Making the grade: Pay-for-performance system nearing reality for local physicians

March 6, 2006

Central Indiana stands on the leading edge of a national push by health care insurance systems to link doctors’ pay with their performance. The Indiana Health Information Exchange-a not-for-profit collaboration among some of the state’s largest health care providers-is developing a program that uses data collected from insurers and care providers to produce quality reports. Those reports then will be sent to doctors and used by the insurers to develop incentive programs for reimbursement. The goal: Start a system by…

NOTIONS: As fumes meet fare, my restaurant boycott begins

March 6, 2006

Recently, I testified before the Greenwood Common Council. I spoke in favor of that community’s proposed ban on workplace smoking. The stuff killed my wife, Pam, a 49-year-old nonsmoker, so I encourage practitioners of good government to spare others the same fate. When all the witnesses had filled the allotted 30 minutes, Greenwood’s council members spoke up-most in favor. But an opponent, Councilman Ron Deer, said smokers ought to have choices. No, he said, people should not be able to…

Clarian sizing up south side: Agreement with Morgan Hospital could lead to development projects in St. Francis’ back yard

February 27, 2006

The largest hospital network in Indianapolis will start stretching its reach once again next month, this time south of town, where it could challenge the dominance of St. Francis Hospital & Health Centers. Clarian Health Partners is embarking on a five-year development agreement with Martinsville’s Morgan Hospital & Medical Center that could place more building projects on Clarian’s already crowded construction agenda. The two systems plan to focus their relationship on improving patient care and research, but representatives of both…

Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

February 27, 2006

Until recently, SonarMed Inc., a startup developing a new type of breathing tube, was just a mailbox at Purdue University. But having recently been awarded the first investment from the BioCrossroads’ Indiana Seed Fund, SonarMed plans to move into office space in Indianapolis, hire 15 to 20 employees before the end of the year and begin seeking U.S. Food and Drug Administration approval for its device. The Indiana Seed Fund was formed last summer and now has $6 million to…

Duke goes on buying spree to locate in key markets: Developer gets footholds in D.C., Savannah, Baltimore

February 20, 2006

Less than two months into the new year, Duke Realty Corp. has already made three major moves designed to fuel the company’s growth long beyond 2006. The Indianapolis-based real estate investment trust has announced or completed acquisitions in the Washington, D.C., area; Savannah, Ga.; and Baltimore worth more than $1 billion. In the case of Savannah and Baltimore, the deals give Duke prime positions near city ports-locations company officials believe will be key to the distribution business in coming years….

Entrepreneurship the Indian way: A day with a Bangalore software-maker reveals business parallels

February 20, 2006

BANGALORE, India-HealthAsyst CEO Umesh Bajaj remembers when the only computers allowed in India were self-assembled. As recently as 20 years ago, the Indian government’s protectionist measures prohibited foreign companies from directly selling PCs. Instead, Indians imported microchips and built the computers themselves. In his first job as an electronics engineer for an Indian conglomerate, Bajaj crisscrossed the country marketing versions of mainframes and desktops made in India. Today Bajaj, a 55-year-old born in New Delhi, owns his own Bangalore-based health…

Emerging India: Passage to Bangalore: Hoosiers seek outsourcing and investment opportunities

February 20, 2006

Passage to Bangalore Hoosiers seek outsourcing and investment opportunities BANGALORE, India-The deal was falling apart. Despite a week of flirtation and friendly negotiations, the two young Indian entrepreneurs rejected the offer from the group of Hoosier investors. Frustrated, the investors walked out of the hotel conference room. The chance to speculate on an Indian software startup called Picsquare.comhad fizzled. But none of the six Indiana business leaders was demoralized. After all, they’d crossed the globe to pursue business opportunities in…

Hospitals battle for bone biz: St. Vincent’s ortho upgrade ups ante in lucrative niche

February 20, 2006

St. Vincent Health is spending $9 million to capture more of the city’s lucrative market for orthopedic care, a specialty that could trigger a new arms race among local hospitals. The Catholic hospital network is reworking existing space at its 86th Street campus to create a 61-bed St. Vincent Orthopedic Center that will open in July. The new center aims to consolidate care in one location and raise the quality bar to new heights. “We think we’re creating something that…

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

February 13, 2006

Accusations of fraud and other misconduct are piling up against the former owner of Winona Memorial Hospital. Two companies recently joined Winona’s creditors in questioning money transfers made by Texasbased Leland Medical Centers Inc., which owned the nowdefunct Indianapolis hospital from 2002 until a short time before it closed in 2004. Meanwhile, lawyers sorting through the liquidation of Winona still have no explanation for why Leland took $3.6 million from the struggling Indianapolis hospital before it slid into bankruptcy and…

BRIAN WILLIAMS Commentary: Health care is hurting Indiana’s economy

February 13, 2006

Nearly 875,000 Hoosiers lack health insurance, including 165,350 children. Lack of health insurance takes a devastating toll on Hoosiers and the state’s economic health, and the effect of the uninsured will only get worse as their numbers grow. As companies confront rising health care costs, the obvious solution is dropping or scaling back health-insurance benefits. As a result, the number of uninsured increases, resulting in a premium cost shift to the insured and increased cost for government-provided health care. Over…

Sarbanes-Oxley spreads beyond public companies: Hospitals, other not-for-profits consider tightening rules

February 6, 2006

Few topics might kill a cocktail conversation faster than the Sarbanes-Oxley Act, unless the dinner party includes hospital administrators, university presidents or other not-for-profit leaders. A desire to boost credibility-coupled with prodding from bond-rating ratings agencies-has broadened interest in the 4-year-old federal law far beyond the public companies it actually targets. Sarbanes-Oxley-passed by Congress in the wake of high-profile scandals at Enron, WorldCom and elsewhere-was intended to enhance financial disclosure and eliminate arrangements that could undermine the independence of auditors….

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Articles

Binford med center making headway

COMPEN$ATION CLASH: Complexity boosts not-for-profit pay, but should work be its own reward?

Clarian chooses small firm for big advertising account: The Heavyweights gets nod over larger agencies

Brand balances big bucks and books: NCAA chief: Boosting revenue not out of sync with education

Clarian plans training center: Doctors, nurses to sharpen skills in $44 million building

VIEWPOINT: ‘Eating our young’ as a way of mentoring?

NOTIONS: A kid, a shave, a health care dilemma

Turned away, twice: Hot biotech inventor scores coastal cash after local VCs say no

WellPoint freezes pensions: Insurer joins national trend, shifts focus to 401(k) plan

Making the grade: Pay-for-performance system nearing reality for local physicians

NOTIONS: As fumes meet fare, my restaurant boycott begins

Clarian sizing up south side: Agreement with Morgan Hospital could lead to development projects in St. Francis’ back yard

Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

Duke goes on buying spree to locate in key markets: Developer gets footholds in D.C., Savannah, Baltimore

Entrepreneurship the Indian way: A day with a Bangalore software-maker reveals business parallels

Emerging India: Passage to Bangalore: Hoosiers seek outsourcing and investment opportunities

Hospitals battle for bone biz: St. Vincent’s ortho upgrade ups ante in lucrative niche

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

BRIAN WILLIAMS Commentary: Health care is hurting Indiana’s economy

Sarbanes-Oxley spreads beyond public companies: Hospitals, other not-for-profits consider tightening rules