St. Vincent rethinks how to deliver care; struggling parent cuts costs
Jonathan Nalli has a message for his 16,000 employees at St. Vincent Health: Get ready for more transformation and disruption.
Health Care & Life Sciences
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Local health care software firm raises $7 million in capital
Indianapolis-based Hc1.com Inc., which sells customer-management software to health care enterprises, has raised three sizable rounds of capital in four years.
Anthem agrees to $1.6M settlement over autism therapy
Insurance company Anthem Inc. has agreed to settle a federal lawsuit filed by Indiana parents who were denied coverage for therapy for their children with autism.
Rare loss for Big Pharma will cost industry billions
Drugmakers will have to offer a much more generous discount to Medicare beneficiaries who fall into the so-called donut hole coverage gap.
Indiana group to create app to teach doctors about opioids
The Richard M. Fairbanks Foundation awarded $230,000 to the Indiana State Medical Association this week to develop the app and an accompanying podcast.
Transforming Methodist: IU Health figuring out what to demolish, save
By the end of the year, officials expect to unveil its master plan to remake the state’s largest hospital—currently an amalgamation of ancient health care amenities and modern facilities.
Lilly signs licensing deal with biotech startup for diabetes drug
Under the agreement, Lilly will pay Sigilon Therapeutics up to $410 million if the technology hits certain milestones.
Anthem members face bigger bills at local micro-hospitals
The Indianapolis-based insurer is telling members that those small, freestanding hospitals are out of its network and could be much costlier to use.
High court asked to take case that could determine size of eye drops
What most people see as an annoyance, some prescription drop users say is grounds for a lawsuit.
Former exec sues Mainstreet, says developer failed to pay him $630,989
Ned Rule, former managing director of investments, claims the Carmel-based developer terminated him without cause to save money during a financial downturn, violating his employment contract.
Lilly revives proposals that would lower takeover barriers
The company’s board is asking shareholders to support two corporate-governance proposals, including one that would eliminate a requirement that buyout bids garner at least 80 percent shareholder approval.
Health insurer Cigna buying Express Scripts for $52 billion
Health insurer Cigna is buying the nation’s biggest pharmacy benefit manager, the latest in a string of proposed tie-ups as health care’s bill payers attempt to get a grip on rising costs.
Mainstreet nixes ambitious Arizona plan, terminates at least 70 workers
The Carmel-based developer and operator of senior care facilities blamed high start-up costs and a challenging reimbursement environment for decision to pull out of Arizona.
‘Rigged’ system blocks lower-cost drugs, head of FDA says
FDA Commissioner Scott Gottlieb aimed particular criticism at giant pharmacy benefit managers that contract with health plans to administer coverage of drugs, saying the industry’s tactics have stymied cheaper copies of expensive biotechnology drugs.
Invesque picks up 14 medical office buildings in $142M deal
The deal includes a portfolio of 545,000 square feet of medical office space in New York, Florida and Canada, occupied by more than 400 physicians’ practices.
Fertility doctor’s secret creates special kinship decades later
Dr. Donald Cline, a retired Indianapolis fertility specialist, secretly inseminated dozens of unwitting patients with his own sperm decades ago. Now, many of his offspring are trying to make the most of the long-hidden family ties.
IU Health operating earnings climb on strong patient volumes
The state’s largest health care system saw gains in admissions, inpatient days and surgeries, but visits to the ER and radiology exams dropped slightly.
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
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.
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.