|By Business Wire||
|July 21, 2014 02:00 PM EDT||
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 depression-focused programs.
- A 63 percent reduction in symptoms for individuals dealing with anxiety.
- 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 officer.
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.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
Jul. 27, 2016 08:00 AM EDT Reads: 584
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 08:00 AM EDT Reads: 2,074
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Jul. 27, 2016 08:00 AM EDT Reads: 461
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 07:45 AM EDT Reads: 1,562
Jul. 27, 2016 06:30 AM EDT Reads: 1,811
Jul. 27, 2016 06:30 AM EDT Reads: 1,457
Jul. 27, 2016 04:45 AM EDT Reads: 2,262
Jul. 27, 2016 04:30 AM EDT Reads: 2,495
Jul. 27, 2016 04:30 AM EDT Reads: 1,303
Jul. 27, 2016 04:00 AM EDT Reads: 1,562
Jul. 27, 2016 03:45 AM EDT Reads: 1,184
Jul. 27, 2016 03:30 AM EDT Reads: 966
Jul. 27, 2016 03:15 AM EDT Reads: 1,766
Jul. 27, 2016 02:45 AM EDT Reads: 1,530
Jul. 27, 2016 02:45 AM EDT Reads: 2,277