Riley Campaign to 'Double Down' on Research Efforts

Posted: Updated:
Wade Clapp is the chairman of pediatrics at the IU School of Medicine and physician-in-chief at Riley Hospital. (photo courtesy of the IU School of Medicine) Wade Clapp is the chairman of pediatrics at the IU School of Medicine and physician-in-chief at Riley Hospital. (photo courtesy of the IU School of Medicine)
INDIANAPOLIS -

The chairman of pediatrics at the Indiana University School of Medicine says the Riley Children's Foundation's $175 million campaign will provide a new revenue stream for a much-needed expansion. Wade Clapp, who is also physician-in-chief at Riley Hospital for Children in Indianapolis, says the hospital has a relatively small endowment when compared to larger children's hospitals in the U.S. that provide similar services.

Clapp says the funds from the initiative will support an expansion of research at the hospital and will also have a major focus on infant mortality, as well as provide support for the hospital's clinical operations for which there isn't another source of revenue. He says that includes palliative care, child life services, paying for school teachers and social work services. 

In an interview with Inside INdiana Business, Clapp said the hospital has made great strides in implementing various innovative services to serve children throughout the state and is now poised to double down on those efforts.

"But it does take money to be able to recruit that talent and continue to bring it to Indiana," said Clapp. "We want to have a children's hospital where the state-of-the-art care to children in Indiana is comparable to anywhere. The way to continue to achieve that and to continue to provide therapies for diseases where there's none is to continue to advance the research mission and the foundation has been tremendously supportive of us in achieving that goal."

The foundation says the campaign will support three high-priority programs: Pediatric Research and Patient Care, Maternity and Newborn Health, and Family Support Programs. The campaign has already raised $121 million and hopes to reach its goal by June 2020.

You can learn more about "Be the Hope NOW: The Campaign for Kids" by clicking here.

Clapp said the hospital has made great strides in implementing various innovative services to serve children throughout the state and is now poised to double down on those efforts.
  • Perspectives

    • Want to Build a Culture of Experimentation? Embrace Failure First

      Failure. It’s not something all business leaders are comfortable embracing, yet it’s integral to success. That’s because failure signals attempt - and without those undertakings, none of the world’s greatest inventions would have ever come to fruition. So when company leaders decide they want to cultivate a culture of experimentation within their company, it’s important they understand the value of embracing failure. It’s not only a great way to...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Scotty's Brewhouse Files For Bankruptcy

      Indianapolis-based Scotty's Brewhouse has filed for Chapter 11 bankruptcy protection. The company says the decision was "driven largely by the challenges of some specific locations and was necessary because of the way the company was structured corporately." As a result of the deal, Scotty's will close four of its restaurants by the end of the year. In a news release provided to Inside INdiana Business...

    • Indy Airport to Introduce New Airline

      Indianapolis International Airport will today host an event to welcome a new airline. Airport officials say the provider will add more routes to IND's growing roster of options. Earlier this month, the airport reported record-breaking traffic in the third quarter. IND said the more than 2.4 million passengers that passed through the airport in the third quarter of 2018 marked an 8 percent year-to-date increase over last year and the best third quarter in the facility's history.

    • Churubusco Company Acquired

      Cleveland-based Lincoln Electric Holdings Inc. (Nasdaq: LECO) has announced the acquisitions of two companies, one of which is located in Whitley County. Financial terms of the deal for Churubusco-based Pro Systems LLC and Coldwater Machine Company LLC in Ohio are not being disclosed.

    • Shelbyville to Debut Giant Sculpture

      Officials in Shelbyville will this evening unveil a new art installation in the city's downtown. The city says the four-story, $150,000 sculpture known as Blue River - Wind, Rain and Water anchors its ongoing commitment to public art.

    • IND Adds New Airline, Nonstop Routes

      A Florida-based airline, billing itself as an "ultra low-cost carrier," is coming to Indianapolis International Airport. Spirit Airlines Inc. (NYSE: SAVE) will begin daily, nonstop service to Las Vegas and Orlando in March, and add summer seasonal nonstop service to Myrtle Beach in May. Vice President For Capacity Planning Mark Kopczak says the airline sees "real potential for growth" in those routes, adding IND has done a good job "selling Indy as a place...