Magellan Launches New Program - Analyst Blog

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Last week, Magellan Health Services ( MGLN ) announced that its unit Magellan Pharmacy Solutions has launched a new clinical quality management program. The program is named Whole Health Rx and is designed to supervise the drug delivery systems associated with behavioral health and pharmacy benefits.

Whole Health Rx is specifically designed to check faulty prescribing practices and thus improve the results of medications. It actively uses Magellan's clinical algorithms towards this. Whole Health Rx also subscribes to the Magellan top practice guidelines and liaises with eminent healthcare providers. It aims to identify even those fallacies that are not available in records.

Alongside it also delivers feedback and necessary information to the healthcare providers so that they can fortify their patient management practices.  The targeted patients under the Magellan Health Services program are children, elderly people and those who have suffered on account of erroneous treatments.

Whole Health Rx identifies whether a patient is suffering from inappropriate medication, whether multiple prescribers and duplicate therapy has compelled the patient to use excess medications, inappropriate use of medications and failure of patients to fill their prescriptions in time.

The new program addresses patients under behavioral health medications and those who also suffer from chronic ailments like heart disease, diabetes, asthma etc. Whole Health Rx works towards identifying these patients through medical diagnosis, behavioral and pharmacy claims, and lab data.

Thereafter, Magellan, in consortium with behavioral health providers, primary care physicians and nurse practitioners takes up the issue to resolution. MGLN works to enhance safety of patients and deliver cost effective healthcare solutions. The program is implemented through face-to-face, virtual consultations or over the telephone, email, fax or mail.

The present delivery system is seen to have led to deteriorating the quality of drug management where patients with behavioral health conditions and co-morbid medical conditions end up with poor medication and increased costs. To improve this situation Whole Health Rx aims to bring about coordination among all prescribers with system integration.

Previously in Jan 2013, Magellan's Florida facility partnered with Palmer Munroe Teen Center and Children's Home Society of Florida and launched a program called My Life. The program addresses youth who face mental health, substance abuse and foster care challenges. The Magellan My Life program helps them attain self confidence and inspires this population goup to have a voice in the community.  

Another healthcare company Humana Inc. ( HUM ) launched new initiatives in Jan 2013 to help people across the nation to adopt a healthy lifestyle. The programs were named Humana Walkit Challenge and Humana Walkit Pro. Again United HealthGroup Inc. ( UNH ) opened a new store at New York's Chinatown. The new location provides health education, customer service and other facilities to consumers who are protected by employer-sponsored Medicare, Medicaid and individual coverage.    

Magellan carries a Zacks Rank #3 (Hold). Another industry major Coventry Healthcare Inc. ( CVH ) carries a favorable Zacks Rank #2 (Buy) and is worth noting.



COVENTRY HLTHCR (CVH): Free Stock Analysis Report

HUMANA INC NEW (HUM): Free Stock Analysis Report

MAGELLAN HLTH (MGLN): Free Stock Analysis Report

UNITEDHEALTH GP (UNH): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: CVH , HUM , MGLN , UNH

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