Magellan Insurance: Is It Private Or Publicly Available?

Magellan Health Inc. is an American for-profit managed healthcare company that offers a range of services, including behavioural health, wellbeing, and pharmacy benefit management solutions. With a focus on special populations and complete pharmacy benefits, Magellan supports innovative ways of accessing healthcare through technology while also emphasising the importance of personal relationships in achieving healthy, vibrant lives. The company has a long history, dating back to its beginnings as the psychiatric hospital chain Charter Medical, and has since evolved through acquisitions, re-structuring, and expansions. While it is not explicitly stated whether Magellan Insurance is private, the fact that it is a for-profit company and ranked 390 on the Fortune 500 in 2021 suggests that it operates as a private entity within the healthcare industry.

Magellan Health Inc. is a for-profit subsidiary of Centene Corporation

Magellan Health Inc. is a managed healthcare company that focuses on special populations, complete pharmacy benefits, and other specialty areas of healthcare. The company supports innovative ways of accessing better health through technology while also focusing on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Their customers include health plans, employers, labor unions, military and governmental agencies, and third-party administrators.

Prior to the acquisition by Centene, Magellan Health had a rich history of its own. The company began as the psychiatric hospital chain Charter Medical, headquartered in Macon, Georgia. In 1992, the company filed for Chapter 11 bankruptcy due to debt incurred during a management-led takeover in 1988. After recovering from bankruptcy, the company restructured and moved its headquarters to Atlanta in 1994.

Over the years, Magellan Health has gone through various acquisitions and expansions. In 1997, the company entered the behavioral health managed care business by acquiring Human Affairs International and Merit Behavioral Care. In 2018, Magellan sold its managed care division to Molina Healthcare. In 2022, Centene divested Magellan Rx to Prime Therapeutics and also announced the sale of Magellan Specialty Health to Evolvent Health.

It provides person-centred, evidence-based solutions for mental health and wellbeing

Person-centred, evidence-based solutions for mental health and wellbeing

Magellan Health is a diversified healthcare company that provides person-centred, evidence-based solutions for mental health and wellbeing. Their approach is clinical-first and focused on quality outcomes. They aim to ensure that members receive the right treatment at the right time.

Person-centred care

Person-centred care is an approach that treats patients with dignity, compassion and respect. It involves understanding the patient's history, strengths, goals, social circumstances, activities, values and beliefs, and using this understanding to help them live the life they wish to lead. This approach is particularly important in psychiatry, where patients are often marginalised and services are poorly resourced.

Evidence-based solutions

Evidence-based solutions are supported by rigorous scientific research. For example, evidence-based psychological treatments (EBPTs) for mental disorders are supported by multiple studies. However, access to EBPTs is declining, and there is a growing trend toward prescribing medication instead. This is concerning because medications often have serious side effects and are used to treat disorders for which EBPTs are a well-established treatment.

Magellan's solutions

Magellan Health's solutions are rooted in over 50 years of experience. They address the behavioural healthcare concerns of health plans, employers and government agencies. Their solutions support employees at all life stages and aim to improve care and lower costs.

How it works

Magellan Health's person-centred approach involves:

• Understanding the patient's unique experiences, goals and values
• Respecting and engaging with the patient
• Providing treatment for the patient, with the patient, and by the patient
• Using tools like the Temperament and Character Inventory (TCI) to assess and understand the patient's personality
• Developing a therapeutic alliance with shared goals
• Activating a synergistic set of mechanisms of well-being, including fuller functioning, plasticity and virtue

Magellan supports health plans, employers, unions, agencies and administrators

Magellan Health Inc. is an American for-profit managed healthcare company that supports health plans, employers, unions, agencies, and administrators. The company has a person-centred approach to behavioural health, wellbeing, and related solutions, with a clinical-first philosophy focused on evidence-based solutions and quality outcomes.

Magellan's customers include health plans and other managed care organisations, employers, labour unions, military and governmental agencies, and third-party administrators. The company offers innovative ways to access better health through technology while remaining focused on the critical personal relationships necessary for a healthy, vibrant life.

Magellan's Employee Assistance Program provides workplace support, training, and life enrichment services to leadership, management, and employees. The program includes resources such as a PCP Toolkit, tip sheets, and a Grief Awareness Guide.

With over 50 years of experience, Magellan addresses pressing behavioural healthcare concerns, including population health and the management of serious mental illness. Their employer solutions support employees at all life stages, aiming to maintain a healthy, productive, and focused workforce, which is essential to business success.

Through their work with state Medicaid and other human services programs, Magellan collaborates with state agencies to improve care and lower costs. They are committed to enhancing lives for the Federal Government through expertise, innovation, and effort.

The company was formerly known as Magellan Health Services Inc

Magellan Health Inc. (formerly Magellan Health Services Inc.) is an American for-profit managed healthcare company. It is a subsidiary of Centene Corporation, which acquired the company in 2022 for $2.2 billion.

Magellan Health began as the psychiatric hospital chain Charter Medical, which was headquartered in Macon, Georgia. In 1992, the company filed for bankruptcy, but it soon recovered and moved its headquarters to Atlanta in 1994. The company then acquired a major stake in Green Spring Health Services Inc., a managed care company based in Columbia, Maryland. This led to a re-structuring and the formation of a new holding company, which was named Magellan Health Services.

In 1997, Magellan expanded into the behavioural health managed care business by acquiring Human Affairs International and Merit Behavioral Care. Over the following years, the company headquarters moved several times, from Columbia, Maryland, to Connecticut in 2004, and then to Arizona in 2014.

Magellan Health focuses on special populations, complete pharmacy benefits, and other specialty healthcare areas. They support innovative ways of accessing better health through technology while also emphasising the importance of personal relationships in achieving a healthy and vibrant life. Their customers include health plans, employers, labour unions, military and governmental agencies, and third-party administrators.

In addition to healthcare services, Magellan also has a financial division, Magellan Financial, which provides marketing strategies and brand-building services.

Magellan Financial is an independent marketing machine

Magellan Financial understands that lead generation is not enough to drive business success. They strive to be true partners, investing in their clients' practices from day one to help them achieve their business goals. The company offers wholesale services to every Magellan partner, demonstrating their commitment to providing value. With their unique ways of sharing clients' messages and reaching the right people, they help their clients attain more high-net-worth clients and appointments.

A key aspect of Magellan Financial's approach is their belief that "better never sleeps." They constantly push for innovation and strive to be the best, never settling for anything less. By evaluating their clients' practices at a granular level, they can implement tailored marketing strategies that fully realize their business ambitions. This level of customization sets them apart from their competitors.

Magellan Financial is selective in their partnerships, strategically choosing to work with fiercely independent advisors who match their level of effort and commitment. Their labor-intensive marketing strategies are designed to deliver results, and they are confident in the effectiveness of their marketing methods. The company's office is located at 1315 SW Arrowhead Road Topeka, KS 66604, and they invite potential clients to set up an appointment and experience the benefits of partnering with Magellan.

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