AVON, Conn.--(BUSINESS WIRE)--
Magellan Health, Inc. (NASDAQ: MGLN), a leader in providing integrated
health management to special populations, today announced that it will
soon offer expanded computerized cognitive behavioral therapy programs
for individuals managing medical and behavioral health issues, including
addictions, anxiety disorders, Obsessive Compulsive Disorder (OCD),
depression and insomnia.
With the roll-out of this new platform, Magellan will expand its ability
to provide clinical self-service programs that are tailored to
customers' needs and will provide members with interactive, proven
self-management tools to change behaviors and sustain healthier outcomes.
The results achieved through this platform's computer-based programs
match, and in some instances exceed, those reached by conventionally
delivered cognitive behavioral therapy, including:
A 52 percent reduction in symptoms for individuals who complete
A 63 percent reduction in symptoms for individuals dealing with
An improvement for 80 percent of individuals dealing with insomnia.
"Computerized cognitive behavioral therapy programs address common
concerns in the behavioral health community - providing ‘not enough
care' or ‘too much care' to individuals seeking help, as well as a lack
of access to clinicians," said Sam K. Srivastava, chief executive
officer of Magellan Healthcare. "Magellan's expanded capability in this
area will allow consumers to access these programs privately and during
the times most convenient for them. There are also cost-savings both to
consumers, who can access these programs online, rather than visiting a
clinician in-person, and to employers who do not lose their productive
team members to appointments that require time off from work. Growing
our technological capabilities is a necessity in this increasingly
digital world. We are excited about the capabilities this new platform
will provide to Magellan."
Magellan's expanded capability in this area is related to the recent
acquisition of Cobalt Therapeutics, LLC, a company specializing in
computerized cognitive behavioral therapy, based in New Haven, Conn.
Cobalt was founded as a data driven health solution provider by three
faculty members from Yale University's Department of Psychiatry,
including Seth Feuerstein, M.D., J.D. Cobalt is one piece of Magellan's
overall virtual care model, which extends and augments the company's
existing engagement channels.
"Providing the expanded use of self-directed clinical options for
individuals has been incredibly rewarding. We look forward to joining
Magellan's team as we further explore the integration of behavioral and
primary care tools through additional delivery systems and settings,"
said Feuerstein, who has joined Magellan Healthcare as chief innovation
About Magellan Health: Headquartered in Avon, Conn., Magellan
Health, Inc. is a healthcare management company that focuses on
fast-growing, complex and high-cost areas of healthcare, with an
emphasis on special population management. Magellan delivers innovative
solutions to improve quality outcomes and optimize the cost of care for
those we serve. Magellan's customers include health plans, managed care
organizations, insurance companies, employers, labor unions, various
military and government agencies, third party administrators,
consultants and brokers. For more information, visit MagellanHealth.com.
Magellan Health, Inc.
Renie Shapiro Silver, 877-645-6464
Source: Magellan Health, Inc.
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