Indiana University Health, the state’s largest hospital system, said Thursday the pandemic continued to batter it last year, sharply increasing the cost of wages and cutting operating income nearly 25%. IU Health posted operating income of $120.6 million for the full year, down from $160.7 million a year earlier.... Read More
Three years after the federal government filed a lawsuit against Community Health Network, alleging the system engaged in a years-long scheme to recruit physicians and pay them huge salaries and bonuses in return for referrals, the two sides...... Read More
Patty Martin, president and CEO of BioCrossroads since 2019, said Tuesday she plans to step down from the organization in April to examine opportunities in the private sector. The not-for-profit organization did not name a successor.... Read More
An Indiana medical device company that is developing electrical nerve stimulation therapies for children is planning to go public this spring, with a proposed $15 million initial public offering. Neuraxis said it will use the proceeds to ramp up...... Read More
Indiana hospitals, under fire from consumer groups and state lawmakers for their high prices, are fighting back. Hospitals across the state experienced their most difficult financial year in 2022 since the beginning of the pandemic, according to a new study.... Read More
Indiana has reached a $66.5 million settlement with health insurer Centene Corp. to resolve allegations that the company overcharged the state’s Medicaid program for pharmaceutical costs. Indiana Attorney General Todd Rokita announced the settlement Tuesday... Read More
When DePauw University announced last spring that it had received a $20 million gift to help establish its new School of Business and Leadership, university leaders were effusive in thanks to the donors, Sharon Ubben and her late husband, Timothy, graduates of the class of 1958.... Read More
An Indiana Senate panel voted Wednesday to advance a bill that would prohibit non-compete agreements between physicians and their employers.... Read More
Indianapolis-based Eli Lilly and Co. (NYSE: LLY) said Tuesday it plans to invest another $450 million at a factory in North Carolina that makes diabetes medicines and devices.... Read More
Elevance Health said Monday it has agreed to buy Blue Cross and Blue Shield of Louisiana for an undisclosed sum. The deal will expand the Indianapolis-based health insurer, formerly known as Anthem, into the 15th state where it can sell its health plans.... Read More
