Magellan Health Inc.

NASDAQ: MGLN · Real-Time Price · USD
94.99
0.00 (0.00%)
At close: Apr 24, 2025, 3:47 PM

Company Description

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.

As of January 4, 2022, Magellan Health, Inc. operates as a subsidiary of Centene Corporation.

Magellan Health Inc.
Magellan Health Inc. logo
Country United States
IPO Date Jan 6, 2004
Industry Medical - Healthcare Plans
Sector Healthcare
Employees 9,000
CEO Kenneth Fasola

Contact Details

Address:
4801 E Washington St
Phoenix, Arizona
United States
Website https://www.magellanhealth.com

Stock Details

Ticker Symbol MGLN
Exchange NASDAQ
Fiscal Year n/a
Reporting Currency USD
CIK Code 0000019411
CUSIP Number 559079207
ISIN Number US5590792074
Employer ID 58-1076937
SIC Code 8060