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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.
News For MGLN From The Last 14 Days
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August 19, 2015
10:06 EDTMGLNMagellan says Iowa contracts generated six month sales of $261.9M
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August 18, 2015
07:57 EDTMGLNMagellan Iowa loss largely priced into shares, says Jefferies
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07:57 EDTMGLNMagellan says Iowa contracts generated six month sales of $261.9M
Magellan Health said last night that it provides behavioral healthcare management and other related services pursuant to contracts with the State of Iowa. The company currently has two contracts: the Iowa Medicaid Contract and Iowa Medicaid Integrated Health Home Provider Agreement. On February 16, the Iowa Department of Human Services released the Iowa High Quality Healthcare Initiative Request for Proposal. The agency originally stated that it intended to contract on a statewide basis with two to four successful bidders with a demonstrated capacity to coordinate care and provide quality outcomes for the Medicaid and Children's Health Insurance Program populations. The program will enroll the majority of the Iowa Medicaid and CHIP populations and will also provide services for individuals qualifying for Iowa Department of Public Health funded substance abuse services. The anticipated start of the contract is January 1, 2016. Magellan was notified yesterday that it was not selected as a winning bidder by the Agency for the Iowa High Quality Healthcare Initiative Request for Proposal, it disclosed in the regulatory filing. The company's existing contracts in Iowa are expected to terminate December 31, 2015 to coincide with the start date of the new initiative. Such contracts generated net revenues of $261.9M for the six months ended June 30, it stated.
August 17, 2015
16:12 EDTMGLNMagellan drops after Iowa picks four others for Medicaid
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15:38 EDTMGLNRumor: Magellan Health weakness attributed to a contract loss
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