Magellan Health Inc was incorporated in 1969 under the laws of the State of Delaware. The Company is engaged in the healthcare management business. It provides services to health plans, managed care organizations, insurance companies, employers, labor unions, various military and governmental agencies, third party administrators, and brokers. The Company's business is divided into the following segments; Managed Healthcare, Two of the Company's segments are in the managed healthcare business. This line of business reflects the Company's: (i) management of behavioral healthcare services, and (ii) the integrated management of physical and behavioral healthcare for special populations, delivered through Magellan Complete Care. The Company's coordination and management of behavioral healthcare includes services provided through its comprehensive network of behavioral health professionals, clinics, hospitals and ancillary service providers. The treatment services provided through the Company's provider network include outpatient programs, intermediate care programs, inpatient treatment and crisis intervention services. The Company's integrated management of physical and behavioral healthcare includes its full service health plans which provide for the holistic management of special populations. The managed healthcare business is managed based on the services provided and/or the customers served, through the following two segments: Commercial and Public Sector. The Commercial segment generally reflects managed behavioral healthcare services and EAP services provided under contracts with health plans, insurance companies and MCOs for some or all of their commercial, Medicaid and Medicare members, as well as with employers, including corporations, governmental agencies, and labor unions. The Public Sector generally reflects the management of behavioral health services provided to recipients under Medicaid and other state sponsored programs under contracts with state and local governmental agencies, and the integrated management of physical, behavioral and pharmaceutical care for special populations covered under Medicaid and other government sponsored programs. The Specialty Solutions segment reflects the management of the delivery of diagnostic imaging and various other specialty areas such as radiation oncology, obstetrical ultrasound, cardiology and pain management, including spine surgery and musculoskeletal management, to ensure that such services are clinically appropriate and cost effective. The Company's Specialty Solutions services are currently provided under contracts with health plans and insurance companies for some or all of their commercial, Medicaid and Medicare members. The Pharmacy Management segment comprises products and solutions that provide clinical and financial management of drugs paid under medical and pharmacy benefit programs. Pharmacy Managements' services include (i) traditional pharmacy benefit management services; (ii) pharmacy benefit administration for state Medicaid and other government sponsored programs; (iii) specialty pharmaceutical dispensing operations, contracting and formulary optimization programs; (iv) medical pharmacy management programs; and (v) programs for the integrated management of drugs that treat complex conditions, regardless of site of service, method of delivery, or benefit reimbursement. The Company competes with other healthcare organizations as well as with insurance companies, including health maintenance organizations, preferred provider organizations, third-party administrators, independent practitioner associations, multi-disciplinary medical groups, pharmacy benefit managers, healthcare information technology solutions, and other specialty healthcare and managed care companies. The Company is subject to substantial government regulation and scrutiny.
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