OrthoIndy is planning to expand its presence in Westfield by moving out of its current leased space and building a new $12.5 million facility all its own near State Road 32 and Austrian Pine Way. If approved, it could open to the public next summer.
Read MoreOrthoIndy will nearly triple the size of its Lafayette presence with the addition of seven orthopedic surgeons in April and expects to announce plans for a new clinic and surgery center in Tippecanoe County in 2024.
The $10 million facility at 5315 Lafayette Road in Pike Township will be named the OrthoIndy Foundation YMCA and offer medical care and other services tailored to veterans and their families.
The five-year trend of physician practices marrying up with hospitals has made it harder and harder for independent physician practices to spend time in more than one hospital system.
OrthoIndy, the physician practice that owns the Indiana Orthopaedic Hospital, was able to open a new outpatient facility this spring by working around growth restrictions in the 2010 health care reform law. But its choices for further growth are much starker—which is why it’s lobbying to repeal that provision of the law.
To understand why hospitals are so eager to employ physicians—and prevent them from owning their own facilities—look
no further than the latest data on how much doctors are paid compared with how much revenue they generate for hospitals.
Legal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
The specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health’s decision
to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians
and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent
Indianapolis. The health care providers announced the deal early Friday.
When Dr. Jack Farr II saw his grandfather’s knees become bowed out, then saw his father get a knee replacement, he knew he
was next. So he spent his career trying to develop new techniques to replace–and now even regrow–the cartilage around knees.
His labors are part of an international effort to develop alternatives to joint replacements.
