Welcome to our dedicated page for MGLN news (Ticker: MGLN), a resource for investors and traders seeking the latest updates and insights on MGLN stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MGLN's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MGLN's position in the market.
Magellan Health has launched a free 24-hour crisis hotline in response to the recent high school shooting in St. Louis, Missouri. This service offers confidential consultation for those affected by the incident, including emotional support and guidance to additional resources. Callers can reach the hotline at 1-800-327-7451. The initiative is part of Magellan's commitment to community support during traumatic events, providing resources to help individuals cope with feelings of fear, sadness, and anger. More information on coping strategies and support can be found on their website.
Magellan Healthcare has launched a new Senior Assistance solution powered by DUOS, aimed at helping older adults live independently. This program connects seniors with personal assistants, called 'Duos', to address their social needs and facilitate long-term support. With projections indicating that seniors will outnumber children by 2034, the solution aims to ease the burden on caregivers and enhance the behavioral health outcomes of older adults. A pilot program showed a 93% success rate in addressing social determinants of health, marking a significant step towards enhancing senior care.
Magellan Health has launched a complimentary 24-hour crisis line following Hurricane Ian to assist individuals coping with trauma. This toll-free service, accessible at 1-800-327-7451, offers no-cost, confidential consultation and connects callers to additional community resources. The initiative is part of Magellan's commitment to support the local community during crises. Useful resources on trauma recovery are available on their website, along with links to help children and employees deal with traumatic events. Magellan Health specializes in managing complex healthcare and pharmaceutical services.
Magellan Healthcare is organizing virtual events for Suicide Prevention Awareness Month and Recovery Month this September. With suicide affecting nearly 46,000 lives in the U.S. in 2020 alone, these webinars aim to provide insights on prevention strategies and recovery from mental health challenges. Events include discussions on hope and recovery, featuring presentations from experts and advocates in the field. Magellan emphasizes the importance of seeking help and offers resources for mental health and substance use recovery.
Magellan Healthcare, the behavioral healthcare segment of Magellan Health, announced it has received a Full three-year Managed Behavioral Healthcare Organization Accreditation from the National Committee for Quality Assurance (NCQA). This accreditation confirms compliance with about 60 high standards across various categories, emphasizing quality in behavioral healthcare delivery. Caroline Carney, President of Behavioral Health at Magellan, stated this recognition affirms their commitment to quality care for individuals with behavioral health conditions.
Magellan Health has appointed Tom Britt as its new chief information officer. With over 25 years of experience in digital technologies, Britt will enhance the company's IT strategy and digital solutions. He aims to leverage innovative technology platforms to meet internal and external customer needs effectively. Prior to joining Magellan, Britt held leadership roles at Centene and Mastercard. His educational background includes a bachelor's in Computer Information Systems and an MBA from top institutions, indicating a strong foundation for his new role.
Magellan Healthcare subsidiary Human Affairs International of California (HAI-CA) has achieved full URAC accreditation for Health Utilization Management.
This accreditation underscores their commitment to quality healthcare, patient safety, and enhanced processes in managing behavioral health and substance use disorders. URAC, an independent leader in healthcare quality, sets high standards for clinical practices.
HAI-CA expresses gratitude for this recognition, which reinforces their dedication to improved clinical and operational standards.
Magellan Rx Management has partnered with COEUS HealthCare to enhance outcomes-based care and drug accessibility, specifically for state Medicaid programs. Their collaboration will utilize the COEBRA™ Platform to facilitate the development of Value-Based Contracts (VBCs) that link drug costs to patient outcomes. This initiative aims to mitigate the rising costs associated with specialty drugs while improving patient care and driving economic efficiency in state budgets. With over 40 years of expertise in Medicaid, Magellan Rx is positioned to implement innovative solutions in this growing market.
Magellan Healthcare has achieved full URAC accreditation for Health Utilization Management, reflecting its commitment to quality standards in healthcare. This accreditation signifies the organization's adherence to high clinical and operational standards, ensuring patient safety and confidentiality. Dr. Caroline Carney expressed pride in this accomplishment, highlighting the team's dedication to delivering quality services. The URAC accreditation is recognized as a symbol of excellence in the healthcare industry.
Magellan Healthcare has launched a new end-to-end Genetic Testing Solution aimed at reducing overpayments and waste while enhancing value for providers, payers, and members. This partnership with Concert Genetics addresses the complexities in managing genetic tests amidst over 175,000 options available and an annual growth rate of 13%. The solution streamlines administrative processes, improves claim accuracy, and updates medical policies to minimize ambiguity in billing and coding, which currently consume significant resources in health plans.