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Last $70.95 USD
Change Today -0.24 / -0.34%
Volume 127.0K
MGLN On Other Exchanges
Symbol
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NASDAQ GS
Frankfurt
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4800 Scottsdale Road

Suite 4400

Scottsdale, AZ 85251

United States

Phone: 602-572-6050

Fax:

Magellan Health, Inc. engages in the healthcare management business. The company provides services to health plans and other managed care organizations (MCOs), employers, labor unions, various military and governmental agencies, third party administrators, consultants and brokers. Segments The company's segments include Managed Healthcare, Specialty Solutions, and Pharmacy Management. Managed Healthcare Two of the company's segments are in the managed healthcare business. This line of business reflects the company's management of behavioral healthcare services; and the integrated management of physical, behavioral and pharmaceutical healthcare for special populations, delivered through Magellan Complete Care. The company's coordination and management of physical and behavioral healthcare includes services provided through its network of medical and behavioral health professionals, clinics, hospitals, and ancillary service providers. This network of credentialed and privileged providers is integrated with clinical and quality improvement programs to improve the healthcare experience for individuals in need of care. The treatment services provided through the company's provider network include outpatient programs, intermediate care programs, inpatient treatment and crisis intervention services. The company's integrated management of physical and behavioral healthcare includes full service health plans, which provide for the holistic management of special populations. These special populations include individuals with serious mental illness (SMI), those covered under both Medicare and Medicaid (dual eligibles), those eligible for long term care and other populations with unique and often complex healthcare needs. The company provides its management services primarily through risk-based products, where the company assumes all or a portion of the responsibility for the cost of providing treatment services in exchange for a fixed per member per month fee; administrative services only (ASO) products, where the company provides services, such as utilization review, claims administration, and/or provider network management, but does not assume responsibility for the cost of the treatment services; and employee assistance programs (EAPs) where the company provides short-term outpatient behavioral counseling services. The managed healthcare business includes the following two segments, which are differentiated based on the services provided and/or the customers served: Managed Healthcare Commercial (Commercial): This segment reflects managed behavioral healthcare services and EAP services provided under contracts with health plans, insurance companies and MCOs for some or all of their commercial, Medicaid and Medicare members, as well as with employers, including corporations, governmental agencies, military and labor unions. Commercial's contracts encompass risk-based, ASO and EAP arrangements. As of December 31, 2014, Commercial's covered lives were 2.7 million, 14.3 million and 13.3 million for risk-based, ASO and EAP products, respectively. Managed Healthcare Public Sector (Public Sector): This segment reflects the management of behavioral health services provided to recipients under Medicaid and other state sponsored programs under contracts with state and local governmental agencies; and the integrated management of physical, behavioral and pharmaceutical care for special populations covered under Medicaid and other government sponsored programs. Public Sector contracts include either risk-based or ASO arrangements. As of December 31, 2014, Public Sector's covered lives were 1.4 million and 1.8 million for risk-based and ASO products, respectively. Specialty Solutions This segment reflects the management of the delivery of diagnostic imaging (radiology benefits management) and various other specialty areas, such as radiation oncology, obstetrical ultrasound, cardiology and musculoskeletal management to ensure that such services are clinically appropriate. The company's Specialty Solutions services are provided under contracts with health plans and insurance companies for some or all of their

 

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Industry Analysis

MGLN

Industry Average

Valuation MGLN Industry Range
Price/Earnings 24.5x
Price/Sales 0.5x
Price/Book 1.7x
Price/Cash Flow 11.4x
TEV/Sales 0.4x
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