Magellan Health Services is a healthcare management company specializing in behavioral health, specialty healthcare, and pharmacy management services. They generate revenue by providing managed care services to health plans, employers, and government agencies, focusing on improving health outcomes and reducing costs. Founded in 1969, the company has evolved through strategic acquisitions and partnerships, becoming a leader in integrated healthcare solutions. Notable milestones include its expansion into digital health and the development of innovative programs to address mental health and substance abuse issues.