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As market correction plays out, good buys remain INVESTING Keenan Hauke:

It’s week five of the correction that began in early March. Major market indexes have declined anywhere from 3 percent to 8 percent, and the selling may not be over. Does it matter? Is this simply another minor setback on the march to new highs? It definitely matters. As I’ve said since January, the bull market that began in March 2003 has now changed so that you can’t depend on the broad rising tide to bail you out. Micro-cap-size companies…

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Navigating a painful journey: St. Vincent Pediatric Hospice helps families cope

Erin Sammons knew nothing about St. Vincent Pediatric Hospice when she gave birth to her son, Hart, last November. She just knew that Hart had a chromosome disorder, and doctors expected his life to last only minutes or maybe days. The hospice offered help, so she took it. Hart lived for almost a month, and Sammons said the hospice staff walked her family through every step of that journey. “It was a tragedy, and my heart breaks every day ……

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Legislators take moratorium on serious moratorium talk: Effort to curb health care construction much quieter

The push to corral health care construction in Indiana returned to the General Assembly with a lower dose of momentum this year. Several bills regulating development in one fashion or another made appearances during the session, but no major initiatives will make it out of the Statehouse, according to advocates on both sides of the issue. Prospects for another push to install a certificate-of-need law or a moratorium next year also appear hazy for now, say legislators who pitched bills…

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Wellness provider expands: Summex Health planning bigger HQ on NW side

A leading provider of wellness programs for large companies will triple its office space in June to meet demand from employers eager to save on soaring health care costs. Indianapolis-based Summex Health Management Inc. and its 55 employees will vacate 10,000 square feet of office space in The Morley Group building on the northwest side and take up residence in roomier digs in nearby Woodland Corporate Park. The Duke Realty Corp. property provides Summex nearly 30,000 square feet, or the…

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Hendricks Regional Health out to make name for itself: Hospital on promotional push in fast-growing county Growth spurs advertising

When the former Hendricks Community Hospital underwent a name change in 2003, executives embarked on an ambitious advertising campaign to promote the new moniker. Two years later, the modified Hendricks Regional Health has yet to abandon its marketing blitz, although the message has changed. The hospital is wrapping up a year-long promotional push, mainly to alert newcomers to fast-growing Hendricks County of the center’s existence, and will launch a follow-up campaign in the summer. Its efforts to muster additional name…

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Health leader likes hands-on approach: Monroe brings vast background of medical service to state commissioner’s role

Dr. Judith Monroe’s appointment as commissioner of the Indiana State Department of Health returns her to the early days of a practice steeped in public health. This time, though, the Carmel resident won’t be treating patients living in tree houses. That’s right, tree houses. The 52-year-old Dayton, Ohio, native began her medical career in Morgan County, Tenn., in the heart of Appalachia on the eastern edge of the Cumberland Plateau. Through a National Health Service Corps program, Monroe spent four…

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Tough losses hit Powerway: Software firm cuts workers, CEO resigns after General Motors terminates contract

Its software was supposed to become the American auto industry’s standard. Instead, Powerway Inc. finds itself scrambling once again to recover from a sudden reversal of fortune. Detroit-based General Motors Corp. has terminated its 2-1/2-year-old agreement to implement Powerway’s quality-control software throughout its supply chain. As a result, Powerway’s CEO Theodore Wozniak has stepped down and the company has fired a quarter of its work force. “It’s frustrating and disappointing that, under such great financial pressure, the American-based manufacturers are…

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CPA firm hopes to deduct waistlines: KSM promotes wellness with weight-loss contest

Katz Sapper & Miller LLP is putting its money where its employees’ mouths are, helping its work force stay fit and healthy during the hectic tax season. In an industry where numbers are king, the local accounting firm is tabulating pounds, inches and cholesterol levels along with deductions, capital gains and tax credits. Some 58 KSM employees are participating in a weight-loss competition from Jan. 15 to April 15. As procrastinating Americans are rushing their tax returns to mailboxes, KSM…

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VOICES FROM THE INDUSTRY: What Hoosiers should know about advance directives

While people had sharply divided opions about the Terri Schiavo case, most could agree on one point: It’s a good idea to make sure your wishes about life-prolonging treatments are clearly known. Indiana residents can sign “advance directives” in order to confirm their wishes about life-prolonging treatment and to authorize others to make decisions and give consents on their behalf. Indiana law offers three main types of advance directive: the Living Will, the Health Care Representative Appointment, and the health…

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Wishard aims to even it up: Health system could break deficit string

About half the bills Wishard Health Services used to send out came back sans payment thanks to an error. Now that happens only 4 percent of the time, a change that saves millions, according to Wishard number-crunchers. Improvements such as these might spur a multimillion-dollar turnaround in Wishard’s ledger this year, said Matt Gutwein, the leader of Marion County’s safetynet hospital. Wishard will attempt to break even by the end of 2005, a far cry from the $77 million deficit…

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Incubator lures biotech upstart: Fish vaccine biz hoping to land on canal

Hatching new businesses is getting to be routine for Indiana University. So it was easy for Richard Wagner to contemplate moving his biotech startup from Columbus, Ohio, into IU’s 2-year-old business incubator on the Central Canal. “It’s an excellent facility. Every time I go up, I’m more and more impressed with it,” Wagner said. “They put a lot of thought into designing it to meet the needs of life science and biotechnology research.” Wagner, who holds a doctorate in plant…

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McIntosh goes to bat for players at hearings: Former politician represents 3 stars grilled about steroids

Hoosiers who saw some of baseball’s biggest stars testify before a congressional committee about steroids may have caught a glimpse of former U.S. Rep. David McIntosh. The Republican Muncie native served Indiana’s second district in the House of Representatives from 1995 until 2001, and he ran unsuccessfully for governor in 2000. He is currently a partner at the Washington, D.C., office of international law firm Mayer Brown Rowe & Maw LLP. Commuting from Indiana to the nation’s capital, McIntosh’s legal…

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STATEHOUSE DISPATCH: Kenley’s funding plan has momentum despite critics

Remember when Republican Gov. Mitch Daniels felt “car-bombed” by House Democrats when they refused to provide a quorum for votes on 132 bills? Then Senate Tax and Fiscal Policy Committee Chairman Luke Kenley, RNoblesville, must have felt last week that his plan to help finance a new stadium for the Indianapolis Colts and an expansion for the Indiana Convention Center was hit by rocket-propelled grenades. Kenley proposed to finance the two projects through a combination of private, state and local…

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Million dollar baby: Hospital reaps benefits of caring for high-profile boy A public relations jackpot

The Afghan boy may have arrived last month at Riley Hospital for Children with heart trouble and a need for complicated surgery. But behind those soft, brown eyes and that adorable smile lies a 12-cylinder marketing engine. A sample of the 15-month-old’s power: Qudrat’s often-reported story created at least $1 million in free media for Riley, according to hospital officials. That’s 10 times the amount Riley spends on print or broadcast advertising in a year. He could be responsible for…

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National lobbyist meets with gov: Small-business advocate says health care is still the toughest issue for owners

The National Federation of Independent Business is the nation’s largest small-business advocacy group, representing 600,000 members in all 50 states. Its voice in Washington, D.C., is Dan Danner, an Ohio native and Purdue University graduate, who is the organization’s lead lobbyist. During a recent visit to the NFIB’s Indiana office, Danner sat down with IBJ to address issues critical to the state’s smallbusiness owners. IBJ: As chief lobbyist for the NFIB, how do you get the organization’s message to federal…

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Lilly faction seeks split of exec roles: Shareholder group wants to separate chair, CEO jobs

The shareholders think Lilly should separate its chairman and CEO roles. Sidney Taurel currently holds both jobs and the title of president. The group wants an independent chairman. It’s one of six shareholder proposals on the agenda for Lilly’s April 18 annual meeting at its headquarters. The move would address “a leadership crisis at our company” created by the lack of access to affordable medicines, according to the proposal listed in Lilly’s recently filed proxy statement. Lilly’s board disagrees and…

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Smoke carries economic toll: Ban backers cite health, productivity costs

The annual cost of treating the secondhand-smoke-related illnesses of Marion County residents likely exceeds $16 million, a cost borne partly by businesses that provide their employees health insurance. Businesses also shoulder harder-to-calculate costs in the form of lost productivity and absenteeism, according to a 2002 study for the Marion County Health Department believed to be the best estimate yet of the local impact of cigarettes. But backers of the proposed City-County Council ordinance that would ban smoking in Indianapolis’ bars…

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Ownership change draws near for Robin Run: NBA reorganization plan calls for sale to Brookdale

Robin Run Village, a northwest-side retirement complex, could start spring under new management if it and other National Benevolent Association properties are sold in the next few weeks as expected. Robin Run and 10 other NBA locations around the country are slated to become the property of Chicago-based Brookdale Living Communities. Brookdale’s parent, Fortress NBA Acquisition LLC, bid $210 million last year to buy the senior living locations from the bankrupt NBA for Brookdale, but the deal still has some…

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Anthem, docs still skirmish: Insurer’s new pre-approval rules rankle some A rocky marriage

Anthem Blue Cross and Blue Shield just dumped a load of extra work on the office staff of the average ear, nose and throat specialist, according Dr. Thomas Whiteman. The WellPoint Inc. subsidiary now requires pre-approval for nonemergency, high-tech imaging such as MRI or CAT scans. The insurer started the new policy March 1 to curb overuse. Whiteman said the average otolaryngologist-or ear, nose and throat specialist-schedules as many as eight of these tests a day. If Anthem insures just…

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