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Magellan Health Services, Inc. (NASDAQ:MGLN)
Headquartered in Avon, Conn., Magellan Health Services, Inc. is a leading specialty health care management organization with expertise in managing behavioral health, radiology and specialty pharmaceuticals, as well as public sector pharmacy benefits programs. Magellan delivers innovative solutions to improve quality outcomes and optimize the cost of care for those they serve. Magellan's customers include health plans, employers and government agencies, serving approximately 31.3 million members in their behavioral health business, 18.9 million members in our radiology benefits management segment, and five million members in their medical pharmacy management product. In addition, the specialty pharmaceutical segment serves 41 health plans and several pharmaceutical manufacturers and state Medicaid programs. The company's Medicaid Administration segment serves 25 states and the District of Columbia.
Magellan Health previously announced that its Medical Pharmacy Solutions program has been awarded the Health Utilization Management Accreditation from URAC, a Washington, D.C.-based health care accrediting organization that establishes quality standards for the health care industry.
In addition, MGLN recently announced that the Louisiana Department of Health and Hospitals has recommended that the company be awarded a contract to manage behavioral health care for Medicaid recipients and other beneficiaries through the Louisiana Behavioral Health Partnership. The contract with Magellan begins on March 1, 2012, and extends until February 28, 2014, with an optional one-year extension through February 28, 2015.
Magellan Health Services Inc. previously reported financial results for the second quarter of 2011. For the quarter ended June 30, 2011, the company reported net revenue of $698.3 million, segment profit of $75.9 million, and net income of $34.2 million or $1.07 per diluted common share.
National Imaging Associates, a subsidiary of Magellan Health Services, previously reported the launch of their online Radiation Calculator and apps for iPhone®, iPod touch® and iPad®. These new tools are designed to help consumers calculate and track radiation exposure from medical imaging and to provide the information to make well-informed decisions that limit unnecessary exposure.
For more information about Magellan Health Services, Inc. please visit http://www.magellanhealth.com/
Crown Equity Holdings Inc. (CRWE.OB)
Crown Equity Holdings Inc., together with its digital network of Websites, offers advertising branding and marketing services as a worldwide online multi-media publisher. The company focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness.
Crown Equity Holdings Inc. previously has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. CRWE will own the remaining fifty percent (50%) interest in the joint venture.
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