Last $62.82 USD
Change Today -0.40 / -0.63%
Volume 202.2K
MGLN On Other Exchanges
As of 4:30 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

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magellan health inc (MGLN) Details

Magellan Health, Inc. is engaged in the healthcare management business in the United States. The company, through its contracted network of third-party treatment providers, offers managed behavioral healthcare services, including outpatient programs, such as counseling or therapy; intermediate care programs comprising intensive outpatient programs and partial hospitalization services; and inpatient treatment and crisis intervention services. It also offers specialty solutions, such as the delivery of diagnostic imaging and other various specialty areas, such as radiation oncology, obstetrical ultrasound, cardiology, and pain management, including spine surgery and musculoskeletal management. The company provides specialty solutions under contracts with health plans and insurance companies for its commercial, Medicaid, and Medicare members. In addition, it offers pharmacy management products and solutions that provide clinical and financial management of drugs paid under medical and pharmacy benefit programs, including traditional pharmacy benefit management; pharmacy benefit administration for state Medicaid and other government sponsored programs; specialty pharmaceutical dispensing operations, and contracting and formulary optimization programs; medical pharmacy management programs; and programs for the management of drugs that treat complex conditions. Magellan Health, Inc. provides its services to health plans, managed care organizations, insurance companies, employers, labor unions, various military and governmental agencies, third party administrators, and brokers. The company was formerly known as Magellan Health Services, Inc. and changed its name to Magellan Health, Inc. in June 2014. Magellan Health, Inc. was founded in 1969 and is based in Avon, Connecticut.

5,949 Employees
Last Reported Date: 03/3/14
Founded in 1969

magellan health inc (MGLN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $480.6K
Chief Executive Officer of National Imaging A...
Total Annual Compensation: $437.8K
Executive Vice President, Secretary and Gener...
Total Annual Compensation: $417.1K
Chief Human Resources Officer
Total Annual Compensation: $329.5K
Compensation as of Fiscal Year 2013.

magellan health inc (MGLN) Key Developments

Magellan Health, Inc. Appoints Kay Coles James to the Board of Directors

Magellan Health, Inc. announced that Kay Coles James, president of the Gloucester Institute has been appointed to the Magellan Health board of directors. James was appointed to a term ending at the 2015 annual meeting of shareholders. James will sit on the management compensation committee of the board. From June 2001 to January 2005, James served as the director of the U.S. Office of Personnel Management. She has also served as the secretary of Health and Human Resources for the Commonwealth of Virginia. She currently serves on the board of trustees of The Heritage Foundation; as a member of the national advisory board of The Salvation Army; on the board of directors of PNC Financial Services Group, Inc.; and on the board of Cancer Treatment Centers of America.

Magellan Health, Inc. to Offer Expanded Computerized Cognitive Behavioral Therapy Services

Magellan Health, Inc. announced that it will soon offer expanded computerized cognitive behavioral therapy programs for individuals managing medical and behavioral health issues, including addictions, anxiety disorders, Obsessive Compulsive Disorder (OCD), depression and insomnia. With the roll-out of this new platform, Magellan will expand its ability to provide clinical self-service programs that are tailored to customers' needs and will provide members with interactive, proven self-management tools to change behaviors and sustain healthier outcomes. The results achieved through this platform's computer-based programs match, and in some instances exceed, those reached by conventionally delivered cognitive behavioral therapy, including: a 52% reduction in symptoms for individuals who complete depression-focused programs; a 63% reduction in symptoms for individuals dealing with anxiety; and an improvement for 80% of individuals dealing with insomnia.

Magellan Health, Inc. Appoints Shareh Ghani as Chief Medical Officer of Magellan of Arizona

Magellan Health, Inc. announced the appointment of Shareh Ghani as chief medical officer of Magellan of Arizona, to the Arizona Health-e Connection or AzHeC, board of directors.


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Valuation MGLN Industry Range
Price/Earnings 14.3x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 8.8x
TEV/Sales 0.4x

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