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Not-for-profits affect state’s bottom line: Health organizations account for more than half of state’s not-for-profit workers

From 2000 to 2003, a period during which the state experienced an overall decline in jobs, employment in the notfor-profit sector grew. That finding, among others, is part of a study of not-for-profit employment in the state, and an update of a report issued two years ago, by Indiana University’s Center on Philanthropy, IU’s School of Public and Environmental Affairs, and Johns Hopkins University. The 5-percent increase in not-for-profit employment, compared with a 6-percent decline in the for-profit sector, suggests…

Hospitals sue over Medicare: 27 Indiana providers team up to pursue $15M in payments

More than 20 Indiana hospitals have banded together to sue the U.S. Department of Health and Human Services over an estimated $15 million in Medicare payments they claim they should have received years ago. Clarian Health Partners, St. Francis Hospital & Health Centers and Wishard Health Services, among others, allege that the department and its secretary failed to make the proper percentage of “outlier” payments from 1991 to 1996. M e d i c a r e makes these additional…

Heirs spar for exec’s riches: Grandson of Lilly officer who died in ’77 fights widow’s trust

Robert E. Koffenberger joined Eli Lilly and Co. as a salesman in 1939. By the time he retired in 1974, he was one of the company’s highest-level executives, a member of the board of directors-and an immensely wealthy man. Now, 28 years after the Indianapolis executive’s death, a fight over that fortune has split his grandchildren. One of the eight has launched a court fight here charging that his brother and sister-in-law took advantage of the cloudy mind of Koffenberger’s…

New providers fill up the market for air-rescue services: Indiana sees growth spurt in helicopter transport firms

Medical helicopters are filling the skies over Indiana in an unprecedented growth spurt that has sparked a heated debate about overuse and quality of care. A market once dominated by not-forprofit Clarian Health Partners’ LifeLine program has seen three out-of-state companies plant seven new helicopter bases in central and southern Indiana over the past few years. PHI Air Medical Group Indiana, a subsidiary of Phoenix-based PHI Air Medical Services, opened bases in West Lafayette, Anderson and Columbus last year. They…

NOTIONS: Lessons on life, love and work from a sister CEO

The crowd gathered early for the IPL 500 Festival Parade. Moms and dads, grandparents and kids, neighbors and friends came by the thousands to hear the oompah-pah of the bands, see Hollywood stars and cheer the 33 drivers competing in the next day’s Indianapolis 500. Walking through the throng, I spied the street preachers. Each had staked out a strategic spot, capitalizing on the closed avenues to stand mid-intersection and deliver The Word. One preacher waved a sign warning happy…

Government intervention: cure is as bad as disease ECONOMIC ANALYSIS: Government intervention: cure is as bad as disease

ECONOMIC ANALYSIS Government intervention: cure is as bad as disease As you get older, you come to appreciate the old adage about doctors: They don’t actually cure you, but they do sometimes let you trade in one ailment for another. That could be said equally for almost every situation where governments intervene in the privatesector economy. The solution to a problem inevitably creates a new problem. And in some cases, the cure is worse-and longer-lived-than the disease. We have come…

JOHN KETZENBERGER Commentary: Time is ripe to heal racing rift

Roger Penske strode alone through Gasoline Alley 90 minutes before this year’s Indy 500. With 13 wins at the Indianapolis Motor Speedway, The Captain certainly knows how to get his drivers around the famed Brickyard. In the next line of garages, a crowd of race fans and media gathered before doors numbered 12, 13, 14 and 15 where Rahal Letterman was encamped. Rookie phenom Danica Patrick arrived on a golf cart and disappeared quickly into the relative calm before the…

SPORTS: No checkered flag for IRL, but it’s leading the race

The Indianapolis 500 is back, so we are told and at least we should hope. While television ratings didn’t blow through the roof, they at least climbed out of the basement by posting a 40-percent increase and putting in the rear-view mirrors that evil NASCAR event later in the day. Officials proclaimed with pride that the Indianapolis Motor Speedway was “almost a sellout” for the big race, which, not that many years ago, would have been an indictment, not a…

Schools face prevalence of online plagiarism: Educators try to thwart growing cheating problem as Web sites make it easy for students to purchase papers

Cheaters beware. High schools and universities are turning up the heat on students who pilfer information for research papers or book reports. The term plagiarism originated from the Latin word plagiarius, which meant kidnapper, and has existed for centuries. But the creation of the Internet has made it much easier to lift published material without crediting the source. With a few clicks of the mouse, students simply can “cut and paste” the information they need. Or, for a fee, they…

VIEWPOINT: Eastern time zone is Hoosiers’ best bet

The Indiana General Assembly crusade to enact daylight-saving time legislation was legendary. The rising and falling fortunes, near-defeats and ultimate success have been well-chronicled. It turns out, however, that one battle may be over, but the fight still must go on. An amendment to the original legislation requires the General Assembly and Gov. Mitch Daniels to petition the U.S. Department of Transportation to hold hearings throughout the state. The reason: to determine what time zone (Eastern or Central) the 77…

MSA condos co-developer calls it quits: CTE 2nd partner to abandon $140M project; remaining firms expect new designs in June

With a deadline looming for a redesign of Market Square Towers, another of the project’s developers has pulled out and has filed a claim on the property for $3.2 million it says it’s owed by Market Square Partners. Chicago-based Consoer Townsend Envirodyne Engineering Inc. filed the lien April 8 to secure its claim on money the company said it spent on design and engineering services and other preliminary project work. CTE, whose representatives once served as the public face of…

Not-for-profit looks for way to continue its operations: Broad support must replace CILC’s sole funding source

It was supposed to be short-lived, an agency created solely to help Indiana schools tap emerging videoconferencing technology for distance learning. But a funny thing happened on the way to the virtual field trip. “We found it really wasn’t about the technology. It was about what you do with the technology,” said Ruth Blankenbaker, executive director of the Indianapolis-based Center for Interactive Learning and Collaboration. “If you don’t have a reason to use it, what’s the point?” Teachers had to…

Up to the challenge: Stadium project leader has been here before

John Klipsch didn’t necessarily set out to take control of one of the largest public-works projects in Indianapolis history, but he prepared for it nonetheless. “My degree is in counseling,” he said with a wry smile. “This is how my career has evolved over the years.” So here he is, two months before work is scheduled to begin on a $900 million stadium construction and convention center expansion project, relying on his professional experience and personal dedication to get the…

HSAs picking up steam: Enrollment tops 1 million; biz tax breaks proposed

Earlier this year, employees of Indianapolis-based N.K. Hurst Co. became part of the growing fraternity of workers in the United States who are eligible for health savings accounts as part of their benefits package. As of March, the membership in HSAs numbered more than 1 million people, twice as many as the estimated 438,000 in September, according to a study by America’s Health Insurance Plans. The Washington, D.C.-based trade association for insurers said enrollment numbers are growing because more companies…

VOICES FROM THE INDUSTRY: What you can do if you’re concerned about your pension

Will your company’s traditional pension plan be there when you retire, and what can you do now to prepare for the possibility that it might not be there? The last few years have seen the implosion of several major corporate pension plans, particularly in the airline and steel industries. Hundreds of other companies have reported to the federal government that if their pension plan ended today, they wouldn’t have enough money to pay their future obligations. But there are steps…

Anderson incubator represents ‘beginning’: Officials hope new center will help revive economy

Xtreme Alternative Defense Systems LTD is the type of high-tech company Anderson officials are coveting for their new small-business incubator, the Flagship Enterprise Center. Founded in 2002 by Pete Bitar, XADS has a contract with the U.S. Marine Corps to develop a long-range, wireless stun gun, known as the StunStrike system. The patent-pending technology delivers a non-lethal electrical current to disable a human target. The prototypes include a rifle that can fire up to 15 feet and a vehiclemounted unit…

Wishard owner fishes growing revenue stream: Health and Hospital Corp. buys 19th nursing home

The owner of Wishard Memorial Hospital added a 19th nursing home to its investment portfolio earlier this year, as it continues to pull revenue from a market filled with struggling competitors. Health and Hospital Corporation of Marion County purchased American Village Retirement Community, a complex of garden homes, apartments and a nursing home near the intersection of East 54th Street and Keystone Avenue, for $2.6 million, said Matt Gutwein, Health and Hospital president and CEO. Gutwein said the deal, like…

INVESTING: Getting behind the scenes of the mutual fund market

For many retail investors, mutual funds have become a necessary evil. But the last five years of crazy market performance has exposed a lot of average talent among fund managers, along with a great reduction in enthusiasm on the part of investors. People seem to stick with mutual funds because they do not know alternatives exist. If they only knew what went on behind the scenes. For instance, the buyer of a no-load mutual fund may think because he isn’t…

SPORTS: ‘Slow’ ride ’round oval makes your heart race

One of my favorite jokes goes like this: In the forest one day, two turtles were involved in a head-on collision. The only witness was a snail. When the forest police arrived to investigate the accident, they asked the snail to describe what he had seen. “I can’t,” said the snail. “It all happened too fast.” Speed is a relative thing. And, like the snail, that’s my challenge in recounting my recent experience at the Indianapolis Motor Speedway, which involved…

BULLS & BEARS: To avoid pension turmoil take the money and invest

On May 13, Tiger Woods missed a putt and, for the first time in seven years, didn’t make the cut in a PGA tournament. Tiger wasn’t so happy, but the guy who made the cut because of Tiger’s miss was delighted. Two days before Tiger’s historic miss, in a crowded Chicago courtroom, United Airlines won permission from the U.S. Bankruptcy Court to renege on some of the pension payments it owed to retirees and employees. The decision was historic, as…