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Articles

State regulators scold Citizens, approve smaller water rate hike

March 19, 2014

Citizens Energy Group has won state approval to raise water rates for Indianapolis customers, but not before being taken to task for excessive executive compensation.

Purdue, Indiana universities churning out more patents, startups

March 19, 2014

Unbelievable as it would have sounded even a few years ago, Purdue and IU now both produce more startup companies annually than most of the schools at the heart of the famed entrepreneurial hubs in Colorado, Utah and North Carolina.

Technology Power Breakfast transcript

March 17, 2014

Indianapolis Business Journal gathered tech leaders for a Technology Power Breakfast panel discussion March 14. The panel talked about topics ranging from ExactTarget to mentors to raising capital.

State tech report highlights strong demand for computer skills

March 13, 2014

tech power breakfast Mike Langellier watch videoComputer-related employment in Indiana grew six times faster than state's overall job market in the five years after the recession hit, a new report from TechPoint says.

Feds’ ITT lawsuit built on reports from mystery shoppers

March 6, 2014

The shoppers, who were hired by the Carmel-based operator of for-profit colleges, generated the bulk of the material cited in the Consumer Financial Protection Bureau’s complaint.

Life sciences jobs pack 2-for-1 punch

February 24, 2014

While life sciences companies don’t rack up huge jobs numbers, their relatively high pay means that every job they create is worth two in the rest of the private sector.

Internet-based weather forecasters offer bolder, more detailed outlooks

February 13, 2014

A posse of Internet-based prognosticators is offering not just forecasts but sometimes even mounds of data left open to interpretation.

Comcast to buy Time Warner Cable for $45 billion

February 13, 2014

The deal would combine the nation’s top two cable TV companies and create a dominant force in both creating and delivering entertainment to U.S. homes.

View of health rollout improves, but only slightly

January 27, 2014

Negative perceptions of the health care rollout have eased, a new poll finds. But overall, two-thirds of Americans say things still aren’t going well.

HETRICK: You say you want a reputation? Don’t do it this way

January 23, 2014

We can now measure the dollar value of a good reputation. Unfortunately, Indiana is doing a lot to hurt its.

Volcker Rule was regulatory overkill

January 23, 2014

Ken Skarbeck opined [Jan. 13] that federal regulators should continue to pile more regulation on the financial services industry. Specifically, he faults the American Bankers Association for suing federal banking regulators over implementation of the Volcker Rule of the Dodd-Frank Act.

Indy Chamber proposes commuter tax

January 23, 2014

Indy Chamber is making the case for a commuter tax, arguing that it’s the best way to solve continual fiscal problems threatening to make Marion County, thus the whole metro area, less competitive.

Postal Service, union wrangle over Staples outlets

January 20, 2014

The new outlets are staffed by Staples employees, not postal workers, and labor officials say that move replaces good-paying union jobs with low-wage, nonunion workers.

Crux of Medicaid showdown is how to fight poverty

January 3, 2014

When Gov. Mike Pence tries next month to negotiate a Medicaid expansion deal in a meeting with the Obama administration, it will be a clash of the conservative and liberal approaches to fighting poverty.

With website on mend, Obamacare enrolls 2 million so far

December 30, 2013

The windfall comes at a critical moment for health care reform, which becomes “real” for many Americans on Jan. 1 as coverage through the insurance exchanges and key patient protections kick in.

Pending criminal code changes focus of concern

December 30, 2013

Indiana prosecutors are concerned that pending changes in the state's criminal code, now set to go into effect next summer, will dramatically impair their ability to battle drug crimes.

Company news

December 16, 2013

Tom Fischer, chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills. Fischer, 60, who joined Community as CFO in 2005, declined to comment. Mills and Fischer have been close friends for decades, dating to the time they both worked for the Ernst & Young accounting firm. Now Holly Millard, Community’s chief accounting officer, is serving as interim CFO while Community searches for a replacement. Community is trying to cut expenses 15 percent to 20 percent, including via staff reductions. Community laid off more than 150 employees during the first nine months of this year, many of them part of what it described as a systemwide realignment. Community spokeswoman Lynda de Widt described the staff reductions as part of the normal course of business in an organization that has 13,000 employees. Community reported in late November that it had spent $5 million this year on severance costs.

Because Indianapolis-area hospitals have let go a wave of workers this year, the University of Indianapolis will host a seminar to help nurses and health care professionals search for new jobs. The seminar, “Reinventing Yourself: A Personal Transformation for Healthcare Workers” is scheduled from 8:30 to 11:30 a.m. Jan. 11 in UIndy’s Schwitzer Student Center at 1400 E. Hanna Ave. The free event is sponsored by UIndy’s School for Adult Learning, School of Nursing and College of Health Sciences, and will tout UIndy’s health-related educational programs. Also, John Vice, a longtime human resources manager for Eli Lilly and Co., will tell attendees how to pursue new career paths.

Nearly 2,800 Hoosiers selected a private insurance plan on the Obamacare exchange in November, nearly four times as many as did so in October. The faster pace of enrollment was mirrored in the other 35 states that are also relying on the federally run Healthcare.gov web site for online enrollment. The Obama administration worked feverishly in November to correct major technical problems with the website that prevented numerous Americans from enrolling. Even so, the pace of enrollment in the federal exchange will need to be nearly 12 times faster than it was in November if enrollment via the exchange is going to meet a federal projection of more than 4.8 million enrollees by the end of March. According to a report issued Wednesday by the U.S. Department of Health and Human Services, 137,204 actually selected a private health insurance plan during October and November, with about 110,000 of them doing so in November. In 14 states and the District of Columbia, which are operating their own insurance exchanges, enrollment also surged in November, to nearly 148,000 people, compared with about 80,000 in October. Enrollment via the state-based exchanges will need to triple its pace to meet an overall federal projection of 7 million enrollees via the Obamacare exchanges.

More than 10,000 low-income Indiana residents who participate in the Healthy Indiana Plan will be able to keep their benefits through April. The Indiana Family and Social Services Administration announced Dec. 10 it is extending for an extra three months its Healthy Indiana Plan to participants who earn between 100 percent and 200 percent of the federal poverty level. The move will give members more time to obtain coverage through the federal health care exchange. FSSA Secretary Debra Minott said many HIP members have struggled to enroll in the exchange because of technical issues. The HIP extension could cost Indiana up to $11 million.

Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm

December 12, 2013

Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.

Community Health CFO makes sudden exit

December 12, 2013

Tom Fischer, the chief financial and chief operating officer of Community Health Network, departed suddenly this month. Sources with knowledge of the situation described Fischer’s exit as a firing. But a Community spokeswoman said Fischer resigned in a private meeting with Community CEO Bryan Mills.

Hospitals figure out their own way to game Obamacare’s tax subsidies

December 6, 2013

In response to insurers’ “zero-premium” strategy, hospitals figure out their own way to game the tax subsidies available in the new Obamacare exchanges: pay premiums for their patients.

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