Magellan Health, Inc., together with its subsidiaries, provides healthcare management services in the United States. The company operates in Healthcare and Pharmacy Management segments. The Healthcare segment offers carve-out management services for behavioral health; employee assistance plans; and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine. It also contracts with state Medicaid agencies, and the centers for Medicare and Medicaid services to manage care for beneficiaries under Medicaid and Medicare programs, such as healthcare and long-term support services through its network of medical and behavioral health professionals, clinics, hospitals, nursing facilities, home care agencies, and ancillary service providers. The Pharmacy Management segment comprises products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. Further, it offers pharmacy benefit management services, such as pharmaceutical dispensing services; pharmacy benefit administration for state Medicaid and other government sponsored programs; clinical and formulary management programs; medical pharmacy management programs; and programs for the integrated management of specialty drugs that treat complex conditions. In addition, the company provides services to health plans and managed care organizations, employers, labor unions, third party administrators, state governments, military and governmental agencies, exchanges, brokers, and consultants. Magellan Health, Inc. was incorporated in 1969 and is headquartered in Phoenix, Arizona.
IPO Year: n/a
Exchange: NASDAQ
Website: magellanhealth.com
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Notable Seasoned Entrepreneurs Will Support Inaugural Founders-In-Residence Cohort and the Development of Future Disruptive Healthcare Startups in Phoenix PHOENIX, July 24, 2023 /PRNewswire-PRWeb/ -- The Journey Venture Studio announced today the appointment of the first four members to its board of directors. Each board member was sought out as a mission-aligned partner as the studio prepares to launch its first Founder in Residence Cohort. The first four board members include: Heidi Jannenga, WebPT Co-founder & Chief Clinical Officer Jason Wood, Managing Director with Morgan Stanley Investment Management's Next Level Fund Andy Lombard, CEO of Arizona Venture Development Corporation (AVC) J
Group Details the Case for Urgent Change at Cano Following an Extended Period of Underperformance, Failed Capital Allocation, and Extremely Poor Governance and Strategic Execution Urges Stockholders to WITHHOLD Support for Incumbent Directors as Parties Await a Resolution of Litigation to Compel Company to Reopen Window for Nominating Director Candidates and Making Proposals Elliot Cooperstone, Lewis Gold and Barry Sternlicht (collectively with certain of their affiliates, the "Group," "us" or "we"), who recently resigned as members of the Board of Directors (the "Board") of Cano Health, Inc. ("Cano" or the "Company") (NYSE:CANO), today announced that they have submitted a notice to the
Consultation and resources available at no cost to local community Magellan Health, Inc. today announced that it has opened a complimentary 24-hour crisis line for individuals impacted by the aftermath of Hurricane Ian. The toll-free number to access free, confidential consultation services is 1-800-327-7451. Magellan confidential consultation services are offered at no charge to the community to assist individuals as they work to cope with the feelings of fear, sadness, anger, or hopelessness related to these kinds of natural disasters. Crisis line callers may also seek information and guidance to other available resources, such as community-based support. Tip sheets with resources spe
Depression in children increased by 89% from 2004 to 2020, disproportionately affecting girls, of which the prevalence increased from 13.1% in 2004 (5% among boys) to 25.2% in 2020 (9.2% among boys).1 Mental health conditions among adults increased by 19% from 2008 to 2020, including nearly 21 million adults who have depression.2 Rates of depression in adults are higher among certain groups like younger adults, females and people who are multi-racial. 3 Among those who experience a mental health condition, more than half do not receive treatment.4 Magellan Healthcare Inc., the behavioral and specialty healthcare segment of Magellan Health, Inc., today announced resources addressin
Webinars will feature stories from people with lived experience of mental health and substance use challenges and suicide attempts, and provide information and resources to help increase awareness about: Suicide prevention and the importance of speaking up when individuals need help for themselves or someone else Recovery from mental health and substance use conditions, and anything contributing to suicidal thoughts Magellan Healthcare Inc., the behavioral and specialty healthcare segment of Magellan Health, Inc., today announced a series of virtual events in support of Suicide Prevention Awareness Month and Recovery Month in September. "At Magellan, we believe that one suicide is on
Magellan Healthcare, Inc., the behavioral healthcare segment of Magellan Health, Inc., today announced that it has earned a Full three-year Managed Behavioral Healthcare Organization (MBHO) Accreditation from The National Committee for Quality Assurance (NCQA) Review Oversight Committee for the Commercial, Exchange, Medicaid and Medicare product lines. "At Magellan Healthcare, we are proud to have achieved this full accreditation from NCQA," said Caroline Carney, M.D., Magellan Healthcare's President of Behavioral Health and Chief Medical Officer of Magellan Health. "This is a testament to our commitment to NCQA's high quality standards and reinforces our decade's long commitment to suppor
Magellan Health, Inc. today announced it has appointed Tom Britt as chief information officer for Magellan Health. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220808005111/en/Tom Britt (Photo: Business Wire) Britt will work closely with Magellan's executive leadership to create, develop and implement information technology strategy and digital solutions while leveraging best practices and delivering data-enhanced products and services through innovative technology platforms. "Tom is a strong leader with over 25 years of significant leadership experience in building innovative digital products and solutions while leading high
The designation demonstrates the highest level of commitment to quality healthcare Human Affairs International of California (HAI-CA), a subsidiary of Magellan Healthcare, today announced that it has earned full URAC accreditation for Health Utilization Management. URAC is the independent leader in promoting healthcare quality by setting high standards for clinical practice, consumer protections, performance measurement, operations infrastructure, and risk management. By achieving this status, HAI-CA demonstrates commitment to quality care, enhanced processes, patient safety and improved outcomes. HAI-CA specializes in the management of behavioral health and substance use disorders. "We
Magellan Rx Management, the full-service pharmacy benefit management division of Magellan Health, Inc., today announced a collaboration with COEUS HealthCare that will support the accelerated adoption of outcomes-based care and help improve patient access to lifesaving therapies, linking health outcomes to the cost of a drug and the value it provides on behalf of Magellan Rx's state government programs. Through this collaboration, Magellan Rx will leverage COEUS HealthCare to develop and administer VBCs on the COEBRA™ Platform, a SaaS solution designed to address the challenges associated with managing outcomes-based agreements. Data, analytics and consensus are common barriers to the impl
The designation demonstrates the highest level of commitment to quality healthcare Magellan Healthcare Inc., the behavioral healthcare segment of Magellan Health, Inc., today announced that it has earned full URAC accreditation for Health Utilization Management. URAC is the independent leader in promoting healthcare quality by setting high standards for clinical practice, consumer protections, performance measurement, operations infrastructure, and risk management. By achieving this status, Magellan Healthcare, Inc. demonstrates high-quality clinical and operational standards and maintains high levels of quality and confidentiality in the utilization management process that helps protect
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Magellan Health, Inc. (NASDAQ:MGLN) today announced financial results for the third quarter ended September 30, 2021, as summarized below: Three Months Ended Nine Months Ended Sept 30 Sept 30 (In millions, except per share amounts) Continuing Operations 2021 2020 Chg 2021 2020 Chg Net revenue $ 1,254.1 $ 1,170.1 7.2 % $ 3,636.5 $ 3,392.6 7.2 % Net (loss) income $ (0.1 ) $ (17.3 ) NM $ 21.9 $ 28.7 -23.7 % Segment profit [1] $ 38.
Magellan Health, Inc. (NASDAQ:MGLN) today announced financial results for the second quarter ended June 30, 2021, as summarized below: Three Months Ended Six Months Ended June 30 June 30 (In millions, except per share amounts) Continuing Operations 2021 2020 Chg 2021 2020 Chg Net revenue $ 1,220.8 $ 1,100.1 11.0 % $ 2,382.4 $ 2,222.5 7.2 % Net income (loss) $ (6.5 ) $ 47.1 -113.7 % $ 22.0 $ 46.0 -52.1 % Segment profit [1]
PHOENIX--(BUSINESS WIRE)--Magellan Health, Inc. (NASDAQ: MGLN) today announced financial results for the fourth quarter and the year ended December 31, 2020, as summarized below: Three Months Ended Twelve Months Ended December 31 December 31 (In millions, except per share amounts) Continuing Operations 2020 2019 Chg 2020 2019 Chg Net revenue $ 1,185.0 $ 1,133.8 4.5 % $ 4,577.5 $ 4,565.6 0.3 % Net (loss) income $ (24.7 ) $ 9.5 NM $ 4.0 $ 12.6 -67.9 % Segment profit [1] $ 11.3 $ 55.9 -79.8 % $ 14
PHOENIX--(BUSINESS WIRE)--Magellan Health, Inc. (NASDAQ: MGLN) (“Magellan”), one of the nation’s leaders in managing complex, high cost healthcare, today announced it has completed the acquisition of a 70 percent interest in Bayless Integrated Healthcare (“Bayless”), a leading integrated outpatient behavioral health and primary care provider in Arizona. Founded in 1982, the Bayless integrated care model offers physical, emotional, behavioral, and addiction healthcare services supported by 330 employees, including 175 providers, across eight locations in central Arizona. Bayless’s practice integrates primary care physicians with behavioral health providers and population health ca
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Notable Seasoned Entrepreneurs Will Support Inaugural Founders-In-Residence Cohort and the Development of Future Disruptive Healthcare Startups in Phoenix PHOENIX, July 24, 2023 /PRNewswire-PRWeb/ -- The Journey Venture Studio announced today the appointment of the first four members to its board of directors. Each board member was sought out as a mission-aligned partner as the studio prepares to launch its first Founder in Residence Cohort. The first four board members include: Heidi Jannenga, WebPT Co-founder & Chief Clinical Officer Jason Wood, Managing Director with Morgan Stanley Investment Management's Next Level Fund Andy Lombard, CEO of Arizona Venture Development Corporation (AVC) J
Magellan Health, Inc. today announced it has appointed Tom Britt as chief information officer for Magellan Health. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220808005111/en/Tom Britt (Photo: Business Wire) Britt will work closely with Magellan's executive leadership to create, develop and implement information technology strategy and digital solutions while leveraging best practices and delivering data-enhanced products and services through innovative technology platforms. "Tom is a strong leader with over 25 years of significant leadership experience in building innovative digital products and solutions while leading high
Magellan Health, Inc., one of the nation's leaders in behavioral health, today announced it has appointed Caroline Carney, MD, MSc, FAPM, CPHQ, as president of behavioral health for its subsidiary, Magellan Healthcare. In this key leadership role, Dr. Carney will advance Magellan Health's clinical mission and further position the company's significant leadership capabilities in behavioral health, including collaborative and integrated approaches that enhance member experience across the continuum of care. Dr. Carney will also continue in her role as chief medical officer of Magellan Health, leading the development and implementation of innovative, integrated clinical programs for custo
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