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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:13 EDTPFMT, MGLNMagellan Health and Performant Financial to offer specialty payment recovery
Magellan Health (MGLN) and Performant Financial (PFMT) announced a strategic relationship to offer payment integrity recovery services to Magellanís commercial specialty pharmacy customers through Magellan Pharmacy Solutions. Specialty pharmacy overpayment recovery consists of auditing customer claims data in order to identify inappropriate coding, billing and payment of specialty pharmacy claims.
News For MGLN;PFMT From The Last 14 Days
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April 24, 2014
10:38 EDTPFMTRAC award may be upcoming after GAO decision, says Wells Fargo
After HMS Holdings (HMSY) disclosed that the GAO has denied its protest of the terms in the request for quotes for the recompete of the Medicare Recovery Audit Contractors, or RAC, contract, Wells Fargo said the CMS may award contract recompetes in the near term. Wells, which notes that HMSY, Performant (PFMT) and CGI Group (GIB) each hold a prime role on one of the four RAC regions, believes the incumbents are well-positioned to retain their spots, though the firm also thinks some could drop out as PRGX Global (PRGX) has. Wells has Market Perform ratings on both Performant and CGI Group.
April 15, 2014
16:31 EDTMGLNMagellan Health and customer agree to amend contract
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April 14, 2014
15:01 EDTMGLNMagellan Health extends contract with 'significant' customer
Magellan Health disclosed in a regulatory filing that as disclosed in the Magellan Health Services, Form 10-K, filed on March 3, the Company has a contract with one of the significant customers in its Specialty Solutions segment with a term ending Janaury 31, 2015 which generated revenue of $47.3M for the year ended December 31. On April 9, the company and this customer agreed to extend this contract through January 31, 2016
April 10, 2014
11:01 EDTPFMTPerformant Financial initiated with a Buy at Sidoti
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