Prolonged Mental Health Crisis Causes Surge
in Demand for Ontrak Program
Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a
leading AI-powered and telehealth-enabled, virtualized healthcare
company, today announced a new Master Services Agreement with
Sentara Healthcare for the expansion of its Ontrak program for
Optima Health members. This expansion ensures that all eligible
Medicare and Medicaid members of the health plan will have access
to critical behavioral healthcare.
“We place a high value on evidence-based care programs for our
members, especially those with diagnoses that often go untreated,”
said Dr. Gregory Merti, Medical Director of Optima Health. “We look
forward to expanding our partnership with Ontrak to deliver better
health outcomes during this time of unprecedented need.”
Jonathan Mayhew, CEO of Ontrak, stated, “We are proud to have
been selected by Optima Health to provide integrated clinical and
behavioral health services that transform healthcare in the
communities that they serve. Individuals with chronic illness have
a high likelihood of having a concurrent mental health disorder.
It’s hard for them to be physically well, when they are not
mentally well. The positive clinical outcomes of our OntrakTM
Behavioral Health System of individual, person-centered care in
Optima Health commercial pilot markets combined with a savings rate
of 43% resulted in a significant ROI which prompted this
progressive health plan partner to expand our program to all of
their Medicare and Medicaid members.”
In a recent Kaiser Family Foundation tracking poll, 46% of
adults over the age of 65 reported that COVID-related worry and
stress had a negative impact on their mental health. SAMHSA reports
that those over 65 are also less likely than younger adults to seek
treatment for mental health conditions. History has shown that the
mental health impact of disasters outlasts the physical impact, and
psychological distress can last up to 3 years after an outbreak.
Ontrak’s new “Treatment Effect Study” found that the Ontrak program
produces a lasting impact 24 months after enrollment.
The Ontrak program is especially effective where the disease
burden is greatest in high acuity, chronic care populations whose
physical health is impacted by unaddressed mental health
issues.
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 payors.
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.
A landmark behavioral health study, “Treatment Effect of the
Ontrak Program,” found that Ontrak’s program produces a
statistically significant reduction of 64% in inpatient
hospitalizations within the treatment group of individuals with
untreated behavioral health needs and medical comorbidities. The
program also resulted in an increase in utilization of preventative
behavioral healthcare office visits. The savings for members who
completed the 12-month program were statistically significant and
notable at $486 per member per month, which equates to a savings of
nearly $12,000 per member over two years, post enrollment. The cost
for all-cause health office visits rose $110 per member per month,
a positive change indicating uptake of productive, preventive care
and fewer costly and avoidable inpatient hospitalizations. Advisors
to the Ontrak research team led by Dr. Hilary Placzek include
Robert M Kaplan, faculty member at the Stanford School of Medicine
Clinical Excellence Research Center (CERC) and Jill Glassman PhD,
Biostatistician and Senior Center Manager of Quantitative Analysis
at the Stanford School of Medicine Clinical Excellence Research
Center (CERC).
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 payors.
Learn more at www.ontrak-inc.com
Cautionary Note Regarding Forward-Looking Statements
Except for statements of historical fact, the matters discussed
in this press release are forward-looking and made pursuant to the
Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements reflect numerous
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
include, among others, changes in regulations or issuance of new
regulations or interpretations, limited operating history, our
inability to execute our business plan, increase our revenue and
achieve profitability, lower than anticipated eligible members
under our contracts, our inability to recognize revenue, lack of
outcomes and statistically significant formal research studies,
difficulty enrolling new members and maintaining existing members
in our programs, the risk that treatment programs might not be
effective, difficulty in developing, exploiting and protecting
proprietary technologies, intense competition and substantial
regulation in the health care industry, the risks associated with
the adequacy of our existing cash resources and our ability to
continue as a going concern, our ability to raise additional
capital when needed and our liquidity. You are urged to consider
statements that include the words "may," "will," "would," "could,"
"should," "believes," "estimates," "projects," "potential,"
"expects," "plan," "anticipates," "intends," "continues,"
"forecast," "designed," "goal," or the negative of those words or
other comparable words to be uncertain and forward-looking. For a
further list and description of the risks and uncertainties we
face, please refer to our most recent Securities and Exchange
Commission filings which are available on its website at
http://www.sec.gov. Such forward-looking statements are current
only as of the date they are made, and we assume no obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
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version on businesswire.com: https://www.businesswire.com/news/home/20210520005111/en/
Investors: Caroline Paul
Gilmartin Group investors@ontrak-inc.com
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