Hoosiers ‘waste’ $2.5B a year on health care, group says
Analysis of Medicare data finds that Indiana hospitals and doctors rack up higher costs to treat the same conditions as the
nation’s model markets.
Health Care & Insurance
Articles
Shepherd Insurance buys rival DeTrude & Co.
The acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage since mid-2007.
Part of Mississippi’s Zyprexa case against Lilly dismissed
Indianapolis-based Eli Lilly and Co. has won a bid to dismiss part of a negligence lawsuit brought by Mississippi that alleges
improper marketing of antipsychotic drug Zyprexa for unapproved uses.
Lilly extends research pact with India firm
Jubilant Organosys Ltd. and Indianapolis-based Eli Lilly and Co. extended their collaboration, which began in 2005, by five
years.
Lilly’s Cymbalta wins new approval for anxiety disorder
FDA action should boost sales of the Eli Lilly and Co. drug, which were already on pace to top $3 billion this year.
HICKS: New breast cancer recommendation not supported
Under the current proposal, the same type of groups that made the CDC’s recommendations will outline guidelines about which treatment will be offered under a government program.
St. Vincent-Novia clinic partnership cuts out insurance middleman
The St. Vincent Health hospital system has joined with Indianapolis-based Novia CareClinics LLC to set up clinics on employers’
campuses, offering health care for their workers with no insurance companies involved.
Employer costs surge despite low inflation
Employers are seeing their health care costs rise even though inflation is at a virtual standstill.
Hillenbrand profits rise despite revenue declines
Improved investment returns and lower costs on diesel fuel and raw materials used in Hillenbrand’s products helped improve
company earnings
Reinsurance deal helps Conseco raise cash
Carmel-based Conseco’s second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
Conseco plans new stock offering
Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.
Lilly stock droops after rival claims faster-acting impotence pill
California-based Vivus claims its drug acts in 30 minutes, compared with about 2 hours for Lilly’s Cialis.
Arcadia sees bigger quarterly loss on lower revenue
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
Indiana near top in smoking survey; national rate rises
A survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana
had the second highest smoking rate among states.
New Anthem pay-for-performance program gives docs $3.1M
Anthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments
based on a local quality measuring system.
Hancock Regional Hospital goes after Geist market
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
Hill-Rom’s fourth quarter profit exceeds expectations
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended
Sept. 30.
Vera Bradley gives another $10M to IU cancer center
Previous gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
Lilly to pay Utah $24 million to settle Zyprexa suit
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic
drug Zyprexa.
Indiana hospitals face Medicaid-reimbursement cut
The Indiana Family and Social Services Administration announced Tuesday that $34 million in new budget cuts includes a 5-percent
cut in Medicaid reimbursements to hospitals.