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Magellan Health : Behavioral Health of Pennsylvania, Inc. Earns Full Accreditation from the National Committee for Quality Assurance

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03/23/2017 | 11:31am CEST

Magellan Health, Inc. (NASDAQ: MGLN) today announced that Magellan Behavioral Health of Pennsylvania, Inc, a Medicaid Managed Behavioral Health Organization (MBHO), has earned Full MBHO Accreditation from the National Committee for Quality Assurance (NCQA). Magellan of Pennsylvania currently administers behavioral health benefits through HealthChoices contracts with Bucks, Delaware, Lehigh, Montgomery and Northampton counties.

NCQA is an independent, not-for-profit organization dedicated to assessing and reporting on the quality of managed care plans, managed behavioral healthcare organizations, preferred provider organizations, new health plans, physician organizations, credentials verification organizations, disease management programs and other health-related programs. The NCQA MBHO Accreditation standards are developed with input from employers, health plans, state and federal regulators, MBHOs and other experts, and are intended to help organizations achieve the highest level of performance possible, reduce patient risk for untoward outcomes, and create an environment of continuous improvement. NCQA accreditation evaluates how well an organization manages all parts of its delivery system – clinical, medical, quality, compliance, network, finance, member services and administrative services. In addition, the comprehensive review process is member-focused.

"We are honored to receive this recognition from NCQA, which sets rigorous and important accreditation standards," said Jim Leonard, vice president and general manager for Magellan of Pennsylvania. "Achieving Full Accreditation demonstrates our continued commitment to delivering high-quality care and service to help the individuals we serve across Pennsylvania live healthy, vibrant lives.”

"Magellan Behavioral Health of Pennsylvania’s MBHO accreditation is proof that it is an organization which works hard to coordinate care, ensure access and provide good customer support for members," said Margaret E. O’Kane, NCQA president. "It's a sign that Magellan is focused on improving the behavioral health of its members."

About Magellan Health: Magellan Health, Inc. is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.

About the National Committee for Quality Assurance: NCQA is a private, non-profit organization dedicated to improving health care quality. NCQA accredits and certifies a wide range of health care organizations. It also recognizes clinicians and practices in key areas of performance. NCQA's Web site contains information to help consumers, employers and others make more-informed health care choices.

© Business Wire 2017
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Financials ($)
Sales 2017 5 859 M
EBIT 2017 178 M
Net income 2017 101 M
Finance 2017 271 M
Yield 2017 -
P/E ratio 2017 15,89
P/E ratio 2018 14,56
EV / Sales 2017 0,22x
EV / Sales 2018 0,23x
Capitalization 1 549 M
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Magellan Health Inc Technical Analysis Chart | MGLN | US5590792074 | 4-Traders
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Mean consensus HOLD
Number of Analysts 5
Average target price 78,3 $
Spread / Average Target 19%
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Barry M. Smith Chairman & Chief Executive Officer
Jonathan N. Rubin Chief Financial Officer & Executive Vice President
Gary D. Anderson Chief Information Officer
Karen Amstutz Chief Medical Officer
Srinivas Koushik Chief Technology Officer
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