Magellan Health, Inc., together with its subsidiaries, 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; and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine. It also contracts with state Medicaid agencies, and the centers for Medicare and Medicaid services to manage care for beneficiaries under Medicaid and Medicare programs, such as healthcare and long-term support services through its network of medical and behavioral health professionals, clinics, hospitals, nursing facilities, home care agencies, and ancillary service providers. The Pharmacy Management segment comprises products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. Further, it offers pharmacy benefit management services, such as pharmaceutical dispensing services; pharmacy benefit administration for state Medicaid and other government sponsored programs; clinical and formulary management programs; medical pharmacy management programs; and programs for the integrated management of specialty drugs that treat complex conditions.
Magellan Health, Inc.
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4
Overall Excellence Rating
Industry
HealthcareCategory
Healthcare PlansESG/Ethical Impact
Magellan’s environmental impact is marked by efforts to minimize its ecological footprint. The company may focus on sustainable procurement practices, energy-efficient office spaces, and eco-conscious waste management strategies. By adopting technologies that reduce paper usage, optimizing digital processes, and embracing energy-efficient practices, Magellan aligns its operations with its commitment to environmental stewardship, contributing positively to a greener planet.Magellan’s social impact revolves around the potential benefits its healthcare services bring to patients and communities. Ensuring that their healthcare solutions address medical needs, enhance patient outcomes, and provide accessible healthcare options is a significant aspect. Additionally, Magellan may foster diversity and inclusivity in both its workforce and the solutions it provides, contributing to more equitable and accessible healthcare outcomes.Strong governance and ethical practices are pivotal in the healthcare sector. Magellan often adheres to regulatory guidelines to ensure the safety, privacy, and quality of its healthcare services. Transparent communication about treatment options, patient rights, and data privacy is paramount. Upholding ethical conduct in patient care, data handling, and regulatory compliance are fundamental aspects of Magellan’s ESG efforts.Magellan Health offers managed care and behavioral health services. Its revenue comes from providing healthcare management solutions.By analysing these internal factors, the report provides insights into the company’s sustainability efforts and its alignment with ethical and responsible business practices, Magellan Health Inc.’s current standing and areas for strategic focus. By understanding the company’s external factors, the report highlights opportunities to enhance efficiency, reduce costs, gain a competitive advantage and on the same time identify potential risks and opportunities arising from the external landscape.
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Awards Received
2023
Revenues
$7,500,000,000.00
Website Traffic
Employee Rating
3.6
Customer Rating
3.5
Company Size
5000-10000
ESG Risk Rating
4