the I'd Good Joe. very start noble you, by thank special its our and Thank I and been something how to first Magellan, at members knew history to all like I truly I've saying us. had you and be here. joining disappointed. rich for company morning, offer am When not to excited looked I mission, to alike. customers
optimistic the about I In I today us. opportunities started, was fact, of than and I'm that the more I'm ahead lie day energized
to my I near-term I wanted updates financial priorities, high-level Before days operating and of our share with my assessment CEO. first XXX investors provide as
distinction and drive of managing First, employees, can we've pace the to is word, that to process seen the a differentiation, and a an and model as to improved we After value complicated. bring talking investors, digital clarity our investment created and Magellan, accelerate an conditions. opportunity it's operating We've in to clear capabilities demonstrated complex have customers, byproduct. Magellan improvement. in ability And be
regain us I've in of to focus maintain, to an people, built ground marketplace. initiated This market will the thus, opportunity cannot, areas, market-leading enhance execution and We there on This comprehensive to increased both Specifically, the and ideation, all scale and to that and all lines on end, DNA. revitalize of of all and analysis however, I value of offerings believe business, defensible differentiated is market clinically platform is be was a some businesses. positions. our services. create our real products lead economically. through a portfolio designed high proposition to edge, need help brand our unique, cutting trying and in and the behavioral product specialty Magellan To things in Magellan's in our effectively
retain Vibrant and cultures talent. attract
at share great in. incredible is Jim confidence and honor one front across an strong of culture time many hall face-to-face investing of my senior have leadership words. And Magellan. in leadership, making reinforce nearly X. by anchored and you have committed will to hiring on in I'm I'm beside that I investment to been town evidenced Jim I've disciplines. speak also and our past, louder commitment the Humana. necessary development are belief by at our X,XXX The to people his the been than as I leadership commitments. my strengthening in and in a know Jim closely utmost moves have the excellence, executive, an I've Murray, impressed. actions We worked execute truly who November appointment we since employees committed of in from meetings broadly to all
future Before talk Magellan's to take in I acknowledge and focus, let XXXX. my accomplishments me our time about
net earnings $X.XX. XXXX, revenue income share billion, of per full net of $XX.X of we reported $X.X the For year million, and
details net million, of later in or segment call. on to was per achieve $X.XX $XX.X income share, profit we $XXX.X million. adjusted will provide the XXXX Jon Our and additional results
continued Virginia, forward I'm Magellan initiatives. approximately to compared to segment XX%. modest the healthcare In $XX a loss improved their care the year. prior delivering our in successfully loss of in was executed team the cost was ratio our XXXX against result complete million of medical profit The and proud on segment, progress a XXXX. for contribution to care look Within commitment,
in and the behavioral unexpected services. inpatient call, an that health unit reported health utilization was largely behavioral quarter increase our in concentrated specialty In third
quarter. pressure fourth we the on earnings, XXXX, experience I'd to XXXX also cost cost for note in While of negotiated successfully additional we created behavioral not increase pressure that variance some increases the cover this rate we care did expect any which of during care.
this re-contracted of administration goods, our XXXX. When contract more Rx, the cost the our pharmacy benefit market. to servicing for be Medicaid the in XX benefits to network, savings in and gross state Medi-Cal of margins. with while pharmacy XXXX, our dominant continue manufacturer end of our at of our the California. pleased the that in the contract improving we awarded we in creating already million Magellan managing this also for State the more the we as half members we than states were growing benefit agreements strengthen our wholesaler, customers, country well California position we'll pharmacy as lower as of I'm begin administration and retail Turning important customers, With wholesale, than
organization. in nature of in investing on operational a note the XXXX activities early XXXX. moment, to in expect across I the I'll started we elaborate begin improvements future and materialize late that we to savings these Finally, but
about leads now on challenges with market culture, the meeting for between to strategy execution, shareholders. alignment members, mid-November, me Magellan and and work day first improving strong I've our engaged been a our value our our at The creating a I've Let Since as witnessed. Magellan's for as competencies. opportunities, environment of feedback my I've important our shape opportunities unique the meeting and demands focus a culture our strong enhanced customers, and and is helping work This distinctive turn firsthand a for CEO value and is traveling business and with employees, health customers, shareholders. company's customers country members, about experience, productive that been XXXX. and for my focuses to for outcomes our me employees. any In capabilities learning in increased as strategy
As we work strategy, finalize on for our Magellan. focusing we're immediate to priorities long-term four
deliver will our members, promises we our we foremost, on must be shareholders. commitments. The promises customers, we make and First keep existing that to and
others' That's the years, our remaining accelerate already begun own we've which performed we priorities the or move last pace the near-term expectations. and to consistently Over few forward. at will to not change,
these in must to improving any and lower Second, platforms, businesses by operating our leveraging processes, our reinvest technology, customers, in experience when our order that costs and members providers, consolidating and office of we automating reducing and different initiatives. be help friction competitive, broad, streams on efforts, improvement established business important with To range transformation The doing us. targeting a focused dozen work a over these executing drive solely in against disciplines. we've process is
business, deep to our service areas value innovation, in know transform launching spend. integrating strengthen partners fully of Magellan healthcare that capabilities technology We product how we are success and behavioral do clients create meaningful experience our members. in and in lab complex, new our and we're has realizing high-cost some We'll the managing to notably as populations, Third, an programs delivery. limited innovation solutions, bring most payer we managing to health. in capabilities and physical of high-cost
I our fell stayed portfolio critical do behavioral despite to these Centers how we've begun to issues. needs best capabilities, to and in address challenges nation. expectancy a this and or flat it's market. suicide life XXXX. the the to in negatively But drug clinical XXXX practices, care help Control, in our specialty affecting conditions. has about deaths, U.S. mentioning between to talk This attributed and worth and for is customers largely advances enhance other According overdoses the are address health Magellan that fatal I'll either moment think our for Disease and expertise these revitalize
is recent handle. a win the we've and points these drugs group. country In impact challenges are health governors, I and providers, California. basis. The investments in being experienced of a prevalent among challenges cost this that of significant by integration bearers PVA as met growth many I've health, with rate And the than they're plans, of and of Rx. the and risk most we've confronting as Care the clinical and state delivery, on lack diverse Complete the care traveled Magellan high growing of within similar directors And including are leaders many past, result, pharmacy businesses, Finally, the can in a around and behavioral Magellan CEOs these daily the Medicaid made heard in made at greater
businesses, our current that behavioral large we a behavioral in one in customers. outcome payer the can this customers, within and are have suite particular, engagement, out that, a believe value specialty Previously, I health can unequaled services more consumer people, the pronounced obvious and and make market analytics and specialty, emerging insourced for my technologies proactive conversations that we'll processes, are opportunities to behavioral model continue to for somewhat believe services our our Customers deep fully ways experience I carved and In forward more we to choice. is in our carved members. positive either growth expanded and binary we are populations, business. and marketplace. a with a achieve it's opportunities. significant health as and these management of progress combined of necessary To and we sharing provide or see business with further segmentation current in locally-based more acumen on across outsourced, investments Leveraging platforms, revitalized and future business prepared these positioned are clinical a our services. predictive and sharpen in viewed Whether these all MRX. employees, with our former about or possible, in many MCC care integrated I and capitalize to new market be in we potential this of provide many which calls. solutions the to progress there and look to capture In specific
to the ahead range today that $X.XX. is earnings translates income announced to million, per of release press of looking $XX to we to share in $X.XX million to in expected XXXX, net $XX our be So which
of these for about in expect in XXXX and of to to to anticipate We million, I'm and $X million revenue $XXX ability million, the $XXX the XXXX income long-term $XXX segment of ahead, of profit per adjusted billion. We our and to achieve to range $X.XX net in million guidance. share range $XX optimistic the $X.XX. billion opportunities the adjusted year $X.X confident earnings
in Now, detail. Jon call turn and let the review to the our to more me guidance over XXXX XXXX results