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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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Busy session for insurance forces: Compact passage highlights plethora of industry-related legislation considered by the General Assembly

State lawmakers also killed a bill that offers “mandate lite” health coverage and kept the topic of vicious dogs at bay during the 2005 legislative session. Insurance lobbyists and regulators say they just wrapped up one of the busiest sessions in recent memory. Topics ran a wide gamut and crowded committee calendars. Last year, five industry-supported bills made it through the General Assembly, according to Dan Tollefson, corporate counsel for the state Department of Insurance. This year, 15 did, and…

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Rule changes to get scrutiny: State agencies now must consider economic impact

Indiana’s small-business owners will encounter a friendlier regulatory environment in July, when sweeping legislation takes effect requiring state agencies to consider the impact of their policies on small businesses before adopting them. House Enrolled Act 1822 should help ease the burden of what advocates consider unnecessary regulations on small businesses by requiring agencies that intend to change or adopt a rule to provide an economic-impact statement first. The statement must include a regulatory-flexibility analysis that evaluates alternative methods that could…

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A business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state

Jim Atterholt may not have been the governor’s top choice to lead the Indiana Department of Insurance. But the former state representative who has dedicated his career to public service is no consolation pick, either. Those who know the 43-year-old Atterholt say his calm demeanor and his sharp people skills should serve him well in his new role as an administrator. He took the helm as commissioner Feb. 22, about a month after Harold Calloway declined the appointment. Atterholt since…

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ECONOMIC ANALYSIS: Expect more rate hikes by the Federal Reserve

If the Federal Reserve’s steady diet of interest rate increases is giving you or your business indigestion, I’ve got a suggestion for you-get used to it. The inflation winds in the U.S. economy are whipping up like they haven’t in almost a decade, and it’s up to our central bank to do something about it. We learned a few years ago that rapid advances in technology and globalization didn’t make the national economy recession-proof, as some foolishly boasted. It looks…

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VOICES FROM THE INDUSTRY: Well-designed buildings shouldn’t forget security

The recent 10th anniversary observance of the bombing of Oklahoma City’s Alfred P. Murrah Federal Building by a domestic terrorist is once again a reminder to all of us in architecture-and all those who buy our services-that security has become more important in many cases than esthetics and efficiency these days in building design. We also are reminded by the events of nearly four years ago, when foreign terrorists used commercial aircraft as guided missiles to level the World Trade…

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Competition stakes claim on hospital’s turf: Dialysis center would sit 1 block south of Methodist

A real estate company has filed plans to build a medical office building and dialysis center downtown, in the shadow of Methodist Hospital and Clarian Health Partners. A and T Realty wants to plop a 13,416-square-foot office on what now is a parking lot a block south of Methodist, according to plans filed with the city. The development has no connection to Clarian, according to Mike Quinn, a lawyer representing A and T. Clarian, whose three downtown hospitals all offer…

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Finances another obstacle for Rose: University’s money problems predate controversial leader

In Terre Haute, his management style has come across like a bull in a china shop. Rose-Hulman Institute of Technology’s faculty and students voted “no confidence” in his abilities. The university’s staff will soon take a vote of its own, and an upcoming trustee meeting will likely address the matter. But as the tide of opinion turned against Rose-Hulman President Jack Midgley, detractors stopped asking a fundamentally important question: Could Midgley be right about the need for change? Last September,…

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INVESTING: To ensure economic growth, we must look to Europe

I don’t like that we allow our government to have so much control over our fortunes, but it is the reality we live in. Most Americans would benefit from a long-term, generally rising stock market, so with that in mind, I am going to propose an idea that can contribute greatly to a steadily rising American market. This proposal comes from a notion the 200-year track record of generally rising stock prices in this country is in danger. We have…

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HIGHER (cost of) EDUCATION: Students’ college burden continues to rise in Indiana

With state funding flat and operating expenses rising, Indiana’s public universities are turning to a familiar source to make up the difference-students. Tuition and mandatory fees at state institutions are set to climb an average of 5 percent next school year and higher in 2006-2007, if proposed rates stand. That’s a far cry from the double-digit increases most universities imposed just a few years ago, but observers say it’s worrisome nonetheless. “Tuition has been rising at twice the rate of…

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Digital TV for the masses: Thomson venture to roll out alternative to HDTV sets at prices ‘Middle America’ should love

People with cars-up-on-blocks in their front yards could afford to buy this digital television. TCL-Thomson Electronics Corp., the Thomson joint venture known as TTE, plans to launch ultra-inexpensive “SDTV” digital sets this fall to aggressively court what some say is an ignored segment of the consumer electronics market. If Bharath Rajagopalan and his colleagues are correct, TTE could get an edge on competitors who’ve been too drunk on profit margins from big, $5,000 plasma screen sets to worry about digital…

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VOICES FROM THE INDUSTRY: Vibrant city can be built without oceans, mountains

In late April and early May, two things happened. The Legislature adjourned on time and Forbes magazine released its seventh annual list of the best (and worst) metro areas to develop businesses and careers. Forbes based its ranking on business costs, living costs, education levels of the work force, qualityof-life issues as well as job and income growth and migration patterns. Indianapolis ranked 33rd out of 150 of the country’s largest metro areas, and there’s some good news in that…

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TOM HARTON Commentary: The twins that hold us back

Stubbornness and stupidity are twins. I’ve remembered that notion from Sophocles ever since a high school friend said it to a teacher as they argued about the way she’d scored his test. He lost that fight, but went on to become a successful lawyer. I don’t know what happened to the teacher, but I’m reminded of the phrase as I observe the decisions made by our elected representatives. Two examples come to mind, one recent and the other long ago….

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