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.COVENTRY HLTHCR (CVH): Free Stock Analysis
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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.