End of An Era: The Last Of The Standalone Behavioral Health Carve-Outs
Last week was the end of an era in health care financing. With the purchase of Magellan by Centene, there are no more standalone companies focused solely on managing behavioral health benefits. As of 2002, there were more than 800 organizations that offered managed behavioral health and employee assistance programs, and Magellan Behavioral Health had the largest enrollment with 30% of marketshare.
At the time, these “horizontal carve-outs” were a growing phenomenon. This was also a time when we saw the growth of national specialty hospital chains focused on …
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