Baldwin & Lyons reveals departure of chief operating officer
The Carmel-based transportation insurer did not say why the executive left the company. The news comes less than two years after another big shakeup that saw three executive departures.
Health Care & Insurance
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FDA opens new path for Alzheimer’s therapy as failures mount
The Food and Drug Administration proposal will create new opportunities for drugmakers after repeated failures from companies including Indianapolis-based Eli Lilly and Co.
Baldwin & Lyons sees quarterly growth in premiums, profit
The Carmel-based company, which specializes in insurance for the transportation industry, reported an estimated tax benefit of $9.6 million in the fourth quarter due to the effects of federal tax reform.
New Community East is big bet as industry revenues slow
It will be smaller and sleeker and—if all goes according to plan—might actually make money, rather than ending each year in the red or barely breaking even.
Riverview Health to open 4 combination ER, urgent-care centers
The fast-growing health system, owned by Hamilton County, plans to begin construction this year and open the centers in Carmel, Fishers and Indianapolis in 2019.
Report: Opioid makers gave $10M to advocacy groups amid epidemic
Companies selling some of the most lucrative prescription painkillers funneled millions of dollars to advocacy groups that in turn promoted the medications' use, according to a report released Monday
Trump’s big promises on drug costs followed by modest steps
As a candidate, President Trump advocated Medicare negotiations and allowing consumers to import medicines from abroad. His current strategy recommends changes to policies that the administration believes unwittingly lead to higher prices, and suggests ways to speed drugs to market and increase competition.
Two Indiana initiatives aimed at fighting opioid epidemic
The state's Division of Mental Health and Addiction has added two dependency recovery initiatives—one virtual and one concrete.<
Amid Atlanta expansion, Anthem won’t say if HQ is staying here
On Feb. 21, Anthem will break ground in Atlanta for a 21-story office tower called the Anthem Technology Center. When completed in two years, it will house about 3,000 Anthem workers.
Elanco uncertainty has Greenfield on edge
Since October, when Eli Lilly and Co. announced it was reviewing whether to sell or spin off Elanco, Greenfield city leaders have been wondering what the future holds for the city’s economy.
IU School of Medicine receives $14M to create program for cancer patients, families
The goal of the program is to provide care for a patient’s overall physical, mental and spiritual well-being, including pain management, at-home support, nutrition assistance and help with navigating financial issues.
Secret discounts keep drug bills from soaring, middlemen say
Express Scripts Holding Co., one of the biggest pharmacy-benefits managers, says the drug-price deals it cuts behind closed doors are saving consumers a lot of money.
Indiana Senate joins House in passing cannabis oil measure
The Indiana Legislature is poised to allow anyone to purchase and use a cannabis-derived extract believed to have therapeutic benefits, following a key vote by the state Senate on Monday.
Flush with cash, Anthem to dole out $1,000 contributions to 58,000 employees, retirees
The Indianapolis-based insurer, which already has reaped more than $1 billion from recent tax reform measures, plans to help employees sock it away.
Feds approve work rules for HIP 2.0, more addiction funding
As many as 130,000 of the 400,000 people now covered by the Healthy Indiana Plan 2.0 will be required to work, take part in school or training, or do community service to continue receiving insurance benefits in 2019.
Greenlight Guru growing quickly making software for medical device makers
Greenlight Guru grew from 19 to 31 employees in the last year and expects to add nine more during the first quarter of this year.
HHS secretary Azar to visit Indy as state awaits Medicaid work ruling
Barely two weeks after being confirmed as U.S. Secretary for Health and Human Services, former Eli Lilly and Co. executive Alex Azar is returning to Indianapolis on Friday for an announcement with state officials.
Trump’s endorsement puts ‘Right to Try’ drug bill on fast track
The initiative, championed by Vice President Mike Pence when he was governor of Indiana, has been embraced by members of both parties. The latest bill was written by U.S. Senator Joe Donnelly of Indiana.
Mainstreet sells two senior care facilities for $44 million
The Carmel-based developer and operator sold the two properties to Invesque, a public company it created and shares an address with.
Anthem expects profit boost from tax cuts as health-industry shifts loom
Anthem Inc. reported a fourth quarter decline in operating profit Wednesday morning, but the Indianapolis-based company said it expects President Donald Trump’s corporate tax cuts to increase its 2018 earnings.