Advantage CEO exits after un-reported losses come to light
Vicki Perry, the longtime CEO of Advantage Health Solutions Inc., has been replaced after a financial review found “significant un-reported losses” at the Indianapolis-based health insurer.
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Lilly, other drugmakers face federal pricing probe
Indianapolis-based Eli Lilly and Co. and other U.S. drugmakers are being investigated by federal prosecutors over their drug-pricing practices related to Medicare and Medicaid, according to newspaper reports.
New state program aims more money at treating offenders
Starting Nov. 1, courts, probation and parole officers and community correction managers were able to begin referring eligible felons to designated drug and mental health treatment centers instead of to jail or prison.
Advantage Health to exit Medicare business after $46M in losses
Advantage Health Solutions was placed under the supervision of the Indiana Department of Insurance on Friday after the company lost $46.3 million during the first eight months of the year and decided to terminate its Medicare Advantage business.
Mainstreet engineers reverse takeover of public Canadian firm
Carmel-based Mainstreet has engineered a $302.5 million reverse takeover of a Canadian long-term care company that will once again give Mainstreet a publicly traded investment firm to help finance its development projects.
Covering the uninsured brings only a small benefit for the insured
Hospitals have long argued that they pass on the cost of the uninsured to private insurance customers. But a new study shows that’s less than half-true.
IU Health aims to extend insurance service to 1M Hoosiers
The Indianapolis-based hospital system said its efforts to reduce patients’ need for expensive health care services, known as population health, slashed the use of hospitals, nursing homes and expensive imaging scans among the 140,000 Hoosiers IU Health now serves.
UPDATE: Eli Lilly to build $70M R&D building in Indianapolis
The 130,000-square-foot building will be designed to encourage collaboration among scientists across different disciplines, which the company said is crucial to fostering innovation.
Caregivers see need for more pint-sized medical devices
Companies—including Indiana-based OrthoPediatrics Corp.—are starting to answer parents’ call for more help for children.
When it comes to health benefits, Hoosier employers are cheap
Lower wages, higher hospital prices and unhealthy lives force Indiana employers to charge more and give fewer health benefits to their workers.
Sticker shock hits insurance customers of Obamacare exchange
The prices health insurers charge Hoosiers on the Obamacare exchange will drop more than in any other state next year. But for most Hoosiers, that’s bad news. Lower average premiums statewide means smaller tax subsidies statewide to reduce the cost of Obamacare policies.
Big insurers remain upbeat about fledgling ACA exchanges
Slipping enrollment has done little to shake the faith that the nation's biggest health insurers, including Anthem, have placed in the Affordable Care Act's public insurance exchanges.
Champions of 16 Tech see it as magnet for development, high-tech workers
City leaders want to make the 60-acre tract of land just north of the Indiana University School of Medicine campus a mix of all of the best the city has to offer and catch the eyes of more creative and highly sought-after workers.
Zimmer patent lawsuit heads to U.S. Supreme Court
A subsidiary of Zimmer Biomet Inc. in Warsaw will argue that it should not have to pay about $248 million in a patent infringement case.
Approach may boost success of stem cell transplants
Researchers at the Indiana University School of Medicine found that blocking the activity of a key protein can significantly cut down on the graft-versus-host immune response suffered by large numbers of patients who receive stem cell transplants.
Elanco president makes case for juiced-up cows in organic age
Jeff Simmons is on a counteroffensive as, increasingly, the drugs that Elanco makes—including antibiotics and productivity enhancers—have come under attack by food activists.
CNO Financial reports lower earnings, revenue
Adjusted earnings of 34 cents per share missed the expectations of analysts who follow the Carmel-based insurance holding company.
Anthem shares fall as Obamacare slump weighs on outlook
Shares in Anthem Inc., the nation's third-largest health insurer by market value, dropped Wednesday after the company’s 2015 profit outlook fell short of estimates.
Surge of new customers boosts Anthem’s profit
Anthem’s third-quarter profit rose nearly 4 percent as it added 174,000 health plan members. Its Medicaid, local employer and national employer segments all grew, although its individual business saw losses.
Media giant Pearson taps former Lilly CEO as chairman
Former Eli Lilly and Co. CEO Sidney Taurel has been named chairman of Pearson PLC, the London-based media and educational products giant announced Monday.