Magellan Health (MGLN) Stock Analysis

What Magellan Health does

Magellan Health, Inc. (MGLN) provides comprehensive healthcare management services across the United States. Its operations are organized into two main divisions: Healthcare and Pharmacy Management. The Healthcare segment specializes in administering specific health services, including "carve-out" management for behavioral health, employee assistance programs, and other niche medical fields like diagnostic imaging, musculoskeletal care, cardiac services, and physical medicine. This segment also collaborates with state Medicaid agencies and the Centers for Medicare & Medicaid Services (CMS) to oversee care for beneficiaries within Medicaid and Medicare programs, encompassing long-term support. These services are delivered through a vast network of medical and behavioral health professionals, clinics, hospitals, nursing facilities, home care agencies, and other ancillary providers. The Pharmacy Management segment offers products and solutions for the clinical and financial oversight of pharmaceuticals covered under both medical and pharmacy benefits. Its offerings include pharmacy benefit management (PBM) services, pharmaceutical dispensing, administration of pharmacy benefits for state Medicaid and other government-sponsored initiatives, clinical and formulary management strategies, medical pharmacy management programs, and integrated solutions for complex specialty medications. Magellan Health serves a broad clientele, including health plans, managed care organizations, employers, labor unions, third-party administrators, state and federal government entities (including military agencies), exchanges, brokers, and consultants. Founded in 1969 and based in Phoenix, Arizona, Magellan Health, Inc. has operated as a subsidiary of Centene Corporation since January 4, 2022.

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Frequently asked questions

What is the ticker symbol for Magellan Health?

Magellan Health trades under the ticker MGLN on NASDAQ.

Which exchange is MGLN listed on?

MGLN is listed on NASDAQ.

What sector does Magellan Health operate in?

Magellan Health is classified in the Healthcare sector (Medical - Healthcare Plans industry).

How can PortView help analyze MGLN in a portfolio?

PortView shows MGLN's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.