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January 22, 2013
12:05 EDTMGLNMagellan medication-assisted treatment shows drop in drug abuse readmissions
Magellan Health Services announced the results of an innovative substance abuse treatment program launched in 2010 called Magellan Integrated Substance Use Solutions. An analysis of a year's worth of data from the medication-assisted treatment portion of that program shows significant reductions in readmissions from participants. Those participating in MAT had 21% fewer readmissions to a facility at seven days after discharge than those who were not discharged on medications, 20% fewer readmissions after 30 days, and 19% fewer readmissions after 60 days. The same 2011 report indicated that Magellan members with substance abuse diagnoses who participate in a more intensely monitored group due to the severity of their need, had 54% fewer readmissions at seven days after discharge than those who were not discharged on medications, 42% fewer after 30 days, and 14% fewer after 60 days.
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November 20, 2014
08:15 EDTMGLNMagellan Health talks with Louisiana pose 5% earnings risk, says Leerink
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08:10 EDTMGLNMagellan Health says Louisiana looking to reduce term of contract
Magellan Health currently has a contract with the Louisiana Department of Health and Hospitals to manage behavioral health care for Medicaid recipients and other beneficiaries through the Louisiana Behavioral Health Partnership. The current contract, which generates annual revenue of approximately $150M, is currently scheduled to expire on February 28, 2015. The company disclosed last night that it submitted a proposal pursuant to a request for proposals issued by the Louisiana Department for a new expanded contract including the management of behavioral health care and other new services for Medicaid and other beneficiaries with a term ending on December 31, 2016. The Louisiana Department recently notified Magellan that it was the successful bidder and that it intends to recommend that the company be awarded the New contract. At a subsequent meeting, Magellan said the Louisiana Department informed the company that it has decided that the term of the new contract will be for a shortened term expiring on November 30, 2015 instead of December 31, 2016, after which the behavioral health care and other services to Medicaid and other beneficiaries will be transitioned to the general Medicaid managed care plans in Louisiana. Magellan informed the Louisiana Department that it is not practicable for the company to accept a shortened term on the new contract. It added it and the Louisiana Department are "currently discussing reducing the scope of services contained in the RFP to be rendered under the New Contract such that they are comparable to the services rendered by the Company under the Current Contract, with a reduced term ending November 30, 2015." Magellan said it cannot predict whether it will reach an agreement with the Louisiana Department. It added, "Accordingly, there is no assurance that the Company and the Louisiana Department will be able to reach an agreement on the New Contract. In the event agreement is not reached on the New Contract, the Current Contract would expire on February 28, 2015."

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