Medicare enrollees with both a behavioral
health diagnosis and at least two comorbid conditions have twice
the healthcare costs of those without these diagnoses
Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”),
a leading AI-powered and telehealth-enabled, virtualized healthcare
company, today released a new report, “How to Address the Growing
Behavioral Health Crisis Among Seniors,” examining the growing and
challenging problem of recognizing and engaging older Americans in
need of behavioral healthcare.
One in 5 older adults experience a serious mental health
disorder, a number that is expected to double to 15 million by
2030, according to the Substance Abuse and Mental Health Services
Administration. However, these conditions are often hard to spot or
are missed entirely among older Americans. This can lead to lower
quality of life, worsening chronic conditions, and a risk of death
through suicide or substance abuse.
These situations often lead to largely avoidable costs that can
approximate four to five times the average healthcare spending of
the general healthcare population, according to a recent McKinsey
& Company report. Among Medicare enrollees in particular, a
Centers for Medicare & Medicaid report found those with both a
behavioral health diagnosis and at least two comorbid conditions
had double the healthcare costs of those with none of these
diagnoses.
“Addressing behavioral health is challenging across all
populations, but especially among seniors, whose presenting
symptoms may be attributed to expected signs of aging,” said Dr.
Judith Feld, National Medical Director of Ontrak. “The challenge is
compounded by several barriers, including cultural or personal
barriers that may contribute to seniors reluctance to admit to
mental health concerns, as well as the fact that nowadays, many
older adults are unable to be cared for routinely by loved ones
familiar with their physical and mental health and who could
readily recognize potential health issues.”
The new report outlines how Ontrak’s AI-driven approach can help
health plans identify seniors at risk for high costs from
undiagnosed behavioral health conditions and who are most likely to
benefit from treatment. Once identified, Ontrak works to remove
individuals’ barriers to care and connect them with trained care
coaches and in-network behavioral and physical health providers to
guide them through an up-to-52-week therapist-led behavior change
program. Seniors with unmanaged behavioral health conditions
represent a small segment of the population but drive a large
portion of healthcare costs. Engaging seniors and others who need
help to achieve lasting behavioral health changes not only delivers
validated cost savings of 40-50 percent, but also delivers durable
health outcomes and industry-leading member satisfaction scores in
enrolled populations.
Ontrak fills in gaps in behavioral healthcare management that
health plans struggle to address, because seniors in need of
behavioral healthcare are very difficult to engage.
About Ontrak, Inc.
Ontrak, Inc. (f/k/a Catasys, Inc.) is a leading AI and
telehealth enabled, virtualized healthcare company, whose mission
is to help improve the health and save the lives of as many people
as possible. The company’s PRE™ (Predict-Recommend-Engage) platform
predicts people whose chronic disease will improve with behavior
change, recommends effective care pathways that people are willing
to follow, and engages people who are not getting the care they
need. By combining predictive analytics with human engagement,
Ontrak delivers improved member health and validated outcomes and
savings to healthcare payers.
The company’s integrated, technology-enabled Ontrak™ programs, a
critical component of the PRE platform, are designed to provide
healthcare solutions to members with behavioral conditions that
cause or exacerbate chronic medical conditions such as diabetes,
hypertension, coronary artery disease, COPD, and congestive heart
failure, which result in high medical costs.
Ontrak has a unique ability to engage these members, who do not
otherwise seek behavioral healthcare, leveraging proprietary
enrollment capabilities built on deep insights into the drivers of
care avoidance.
Ontrak integrates evidence-based psychosocial and medical
interventions delivered either in-person or via telehealth, along
with care coaching and in-market Community Care Coordinators who
address the social and environmental determinants of health,
including loneliness. The company’s programs improve member health
and deliver validated cost savings to healthcare payers of more
than 50 percent for enrolled members. Ontrak solutions are
available to members of leading national and regional health plans
in 30 states and in Washington, D.C.
Learn more at www.ontrak-inc.com
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assumptions and involve a variety of risks and uncertainties, many
of which are beyond our control, which may cause actual results to
differ materially from stated expectations. These risk factors
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an acquisition may not be realized to the extent or in the time
frame we anticipate. We may lose key employees, customers, vendors
and other business partners of a company we acquire after
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management has limited prior experience, the diversion of
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acquired company, the integration of the acquired company’s
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version on businesswire.com: https://www.businesswire.com/news/home/20210114005194/en/
Investors: Caroline Paul
Gilmartin Group investors@ontrak-inc.com
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