Ontrak to Report 2021 Second Quarter Financial Results on August 5, 2021
July 22 2021 - 4:05PM
Business Wire
Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a
leading AI-powered and telehealth-enabled, virtualized healthcare
company, today announced it will report financial results for the
second quarter 2021 on Thursday, August 5, 2021 after market close.
Company management will host a corresponding conference call at
1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time.
Conference Call & Webcast Details
The conference call can be accessed by dialing +1 (833) 519-1269
for U.S. participants or (914) 800-3841 for international
participants and referencing conference ID #8325624. A live and
archived webcast of the event will be available at
https://www.ontrak-inc.com/presentations.html.
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
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version on businesswire.com: https://www.businesswire.com/news/home/20210722005223/en/
Investors: Caroline Paul
Gilmartin Group investors@ontrak-inc.com
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