Confluence Pharmaceuticals lands $1.3M in venture capital
Indianapolis-based Elevate Ventures said it made the investment through the 21st Century Research & Technology Fund, which is reserved for Indiana companies.
Health Care
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Doctor declares Pence in ‘excellent’ health
Indiana Gov. and vice-presidential candidate Mike Pence has had a number of minor procedures performed recently, but none that would keep him from performing at a high level, according to a physician.
Telehealth clinic allows students to see physician in school
Elwood Community School Corp. is one of the first schools in Indiana to have a telehealth clinic. It teamed with Managed Health Services, Indiana Rural Health Association, Aspire Indiana and St. Vincent Mercy Hospital.
Indiana hospitals seeing fewer readmissions
A new government report shows that readmissions at Indiana hospitals dipped by 7.5 percent over a five-year period. Nationally, readmission rates fell by 8 percent over the same period.
Super-sized laundry co-op serves 55 hospitals, 700 clinics
Just two years after United Hospital Services pushed into Kokomo by merging with North Central Indiana Linen Service, the co-op is planning its next move—this time into northwest Indiana.
Verdure Sciences plans to build $3.5M HQ in Noblesville
Verdure Sciences has filed plans with Noblesville to build a 15,000-square-foot facility on a 7-acre property in the Metro Enterprise Park near the southwest corner of Pleasant Street and Union Chapel Road.
Bayer signs deal to acquire Monsanto for $66 billion
Bayer AG has agreed to buy Monsanto Co. in a deal valued at $66 billion, winding up four months of talks to create the world’s biggest supplier of seeds and pesticides.
Pills, pens bring hope for drug companies in diabetes crunch
Drugmakers facing a price war in the diabetes market, including Indianapolis-based Eli Lilly and Co., are betting on new technologies to withstand the competition.
Obama tries to sell insurers on Obamacare after 2016 defections
President Barack Obama met with top executives from more than a dozen health insurers on Monday to re-affirm his support for the Affordable Care Act after several companies retreated from the law’s government-run insurance markets.
Noblesville travel nursing firm bought by Denver company
A company founded in 1999 with $30,000 and a home computer grew into a multimillion-dollar business. Now it will be part of a Denver health staffing company.
Visits to ER surge for injuries, concussions from youth soccer
The overall rate of injuries more than doubled to 220 per 10,000 players in 2013, from 106 per 10,000 players in 1990, according to a new study.
Clinton’s drug proposals ‘very negative’ for industry, top CEO says
The head of Pfizer Inc., America’s biggest drugmaker, said Democratic presidential nominee Hillary Clinton’s proposals to contain the price of pharmaceuticals would be “very negative” for the industry and are a step toward single-payer health care.
Shortage of residency slots plugs doctor pipeline
A new state board is trying to grapple with how to handle the big shortage in medical residencies, which will grow even worse as the state graduates more and more doctors.
Fairbanks study: Indiana should raise cigarette tax, smoking age
The study said more than 11,000 Hoosiers die prematurely each year from smoking and another 1,400 die as a result of second-hand smoke. Twenty-three percent of Indiana adults smoke, higher than the U.S. median of 18 percent.
Federal survey confirms slowdown in health insurance gains
The nation's progress in getting more people covered by health insurance slowed significantly this year, the government confirmed Wednesday in a report that tempers a historic but troubled achievement of the Obama administration.
Franciscan to remove saints’ names from a dozen hospitals
In a move to create a stronger identity, Franciscan Alliance will become Franciscan Health, and will stop using the names of St. Francis, St. James, St. Anthony and other familiar saints at its hospitals, the company announced Tuesday.
Fed rules make tiny hospitals profitable
St. Vincent Health announced last month it would build eight micro-hospitals—or “emergency hospitals,” as the organization calls them. Other area hospitals are watching the experiment.
Humble medical office buildings selling for kingly sums
The latest local example of the sizzling market is the three-story Community Health Pavilion, which sold last week for $286 a square foot—far more than the per-square-foot price in two recent office complex transactions.
IU Health anesthesiologist sues to get job back, claims gender discrimination
Dr. Sandra Kinsella, a top anesthesiologist in Indiana University Health’s organ transplant program, claims she was let go in retaliation for her complaints.
Obamacare problems are growing potential issue for Clinton
If Hillary Clinton wins the White House, expect her to mount a rescue effort for the struggling health care law, which is facing double-digit premium increases and exits by big-name insurers, among other problems.