Magellan Health Services Inc (NASDAQ:MGLN), Down By 14.51% ($7.85) From $54.124 After BUYINS.NET Report Predicted Weakness Befo
July 26, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Wednesday, July 25th 2012 stating that Magellan Health Services Inc (NASDAQ:MGLN) was expected to be Down Before its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=mgln&id=295863
At the time this story was written, Magellan Health Services Inc (NASDAQ:MGLN) is Down By 14.51% ($7.85) From $54.124 since the BUYINS.NET report was released.
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Magellan Health Services Inc (NASDAQ:MGLN) - Magellan Health Services, Inc. provides managed behavioral healthcare, radiology benefits management, specialty pharmaceutical management, and Medicaid administration products and services in the United States. The company provides services to health plans, insurance companies, employers, labor unions, and various governmental agencies. Its managed behavioral healthcare services include outpatient programs, such as counseling or therapy; intermediate care programs comprising intensive outpatient programs and partial hospitalization services; and inpatient treatment and crisis intervention services through its provider network of psychiatrists, psychologists, behavioral health professionals, psychiatric hospitals, general medical facilities with psychiatric beds, residential treatment centers, and other treatment facilities. The companys radiology benefits management services consist of managing the delivery of diagnostic imaging services, which are provided under the contracts with managed care companies, health insurers and other health plans, Medicaid, and Medicare members. Its specialty pharmaceutical management services comprise contracting and formulary optimization on behalf of health plans and pharmaceutical manufacturers; dispensing specialty pharmaceutical drugs on behalf of health plans; providing strategic consulting services to health plans and pharmaceutical manufacturers; and providing oncology management services to health plans and state Medicaid programs. The companys specialty pharmaceutical management services also include the management of specialty drugs used in the treatment of cancer, multiple sclerosis, hemophilia, infertility, rheumatoid arthritis, chronic forms of hepatitis, and other diseases. Its Medicaid administration services include pharmacy benefits administration, medical management information services, fiscal agent services, and healthcare management services. The company was founded in 1969 and is based in Avon, Connecticut.
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