Magellan Health Services
Magellan Health Services

Magellan Health Services

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Magellan Health, Inc. 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 (EAP); and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine. This segment also contracts with federal, state, and local governments to provide services to beneficiaries of Medicaid, Medicare, and various other governmental programs, as well as manages integrated healthcare and community services networks. The Pharmacy Management segment provides pharmacy benefit management (PBM) services, including clinical and financial aspects of pharmaceutical care for persons served by managed care organizations, health insurers, and employers. This segment offers its services through medical and pharmacy benefit programs, and Medicare Part D programs. The company provides services to health plans and other managed care organizations, employers, labor unions, various military and governmental agencies, and third-party administrators. Magellan Health, Inc. was founded in 1969 and is headquartered in Scottsdale, Arizona.

Snapshot

Employees9,000
IndustryHealthcare
Market Cap$2.5 billion
Revenue$4.5 billion
5 Year Trendarrow trend down-0.1%
Net Income$382.3 million
NASDAQMGLN
Founded1969
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Total value of jobs:
$59,417,197
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Total Jobs:
45
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Average Pay:
$89,215

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