Welcome to our dedicated page for Ontrak news (Ticker: OTRK), a resource for investors and traders seeking the latest updates and insights on Ontrak stock.
Ontrak Inc (OTRK) delivers AI-powered behavioral healthcare solutions through its proprietary PRE platform, addressing chronic conditions exacerbated by untreated mental health factors. This page serves as the definitive source for official company announcements and strategic developments.
Access timely updates including earnings reports, partnership agreements, regulatory milestones, and technology innovations. Our curated news collection enables investors to track Ontrak's progress in integrating predictive analytics with personalized care delivery models.
Discover updates on key operational areas: clinical program expansions, payer partnership developments, and advancements in telehealth integration. All content is sourced directly from verified company communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to Ontrak's evolving role in value-based care initiatives and behavioral health technology. Monitor how the company's data-driven approach continues to shape chronic disease management strategies across healthcare ecosystems.
Ontrak Health (NASDAQ: OTRK) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 revenue declined 11% year-over-year to $3.1 million, while full-year revenue decreased 15% to $10.8 million. The company's operating losses improved, with Q4 operating loss at $(4.4) million (16% decrease YoY) and full-year operating loss at $(17.8) million.
Notable developments include a new partnership with Intermountain Health for Medicare Advantage members and a three-year contract extension with Sentara Health Plans. The company's WholeHealth+ program had 1,409 enrolled members at Q4 end, while Ontrak Engage reached 716 members. For Q1 2025, Ontrak projects revenue between $2.0-2.3 million.
A significant challenge ahead is the loss of a major customer representing 59.5% of 2024 revenue ($6.5 million), who will discontinue services after December 2024.
Ontrak Health (NASDAQ: OTRK), an AI-powered and telehealth-enabled healthcare company, has scheduled its fourth quarter 2024 financial results announcement for April 14, 2025, after market close. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day.
Interested participants can access the conference call by pre-registering online for dial-in information or viewing the live audio webcast through the company's website. Registration is required at least 15 minutes before the call to obtain a unique pin. A replay will be available on-demand shortly after the call's completion and remain accessible for approximately 90 days.
Ontrak (NASDAQ: OTRK) has secured Medicaid provider designation in two states - one in the Midwest and another in the Southeast. This strategic development enables the AI-powered behavioral healthcare company to operate as a direct value-based provider alongside its existing vendor operations.
The new designation allows Ontrak to align quality outcomes and HEDIS measures with medical cost savings and financial incentives shared with payor partners. Notably, this status permits fees to be categorized under the medical cost ratio rather than administrative vendor fees, and enables billing codes reimbursable at the State level for Medicaid plans.
The company is currently in discussions with a large Midwestern Health Plan regarding potential implementation of its WholeHealth+ solution. These Medicaid approvals strengthen Ontrak's ability to create value-based partnerships with managed care organizations, health systems, and community-based providers across multiple states for Medicaid beneficiaries.
Ontrak Health (NASDAQ: OTRK) has launched its WholeHealth+ program for Intermountain Health's Medicare Advantage members in Nevada. The implementation began with the addition of 2,750 Nevada Medicare Advantage members to its outreach pool. Intermountain Health, operating 400 clinics and 34 hospitals in the western United States, was recently recognized as Nevada's top healthcare employer in the 2024 Forbes Best Employers.
The WholeHealth+ solution is designed to identify and assist high-cost, high-acuity members with chronic comorbidities and unaddressed behavioral health conditions. The program provides care coaching and facilitates access to provider treatment, aiming to improve clinical outcomes and achieve significant cost savings.
Ontrak Health (NASDAQ: OTRK) has extended its strategic partnership with Sentara Health Plans through December 2027, following three successful expansions in 2024. The three-year contract extension builds upon their existing seven-year relationship.
The 2024 expansions included: extending WholeHealth+ to a larger Commercial membership, introducing Ontrak's Engage solution to Commercial fully insured and self-funded members, and expanding to Marketplace membership. Additionally, Ontrak will now offer its Quality solution to close HEDIS gaps in care as part of its WholeHealth+ and Engage solutions for enrolled Sentara Health Plans members.
The partnership aims to improve member engagement, care coordination, and overall health outcomes through AI-powered and telehealth-enabled behavioral healthcare services.
Ontrak Health (NASDAQ: OTRK), an AI-powered and telehealth-enabled behavioral healthcare company, has announced a new partnership with Intermountain Health to deliver value-based behavioral health services to Medicare Advantage members in Nevada.
Intermountain Health operates 400 clinics and 34 hospitals in the western United States and was recently recognized as the top healthcare employer in Nevada by Forbes for 2024. Ontrak Health will provide its Ontrak Wholehealth+ solution, which targets high-cost, high-acuity members with chronic comorbidities and unaddressed behavioral health conditions. This solution offers care coaching and timely provider access to improve clinical outcomes and reduce costs.
The agreement is expected to add approximately 2,000 members to Ontrak Health’s outreach pool starting in mid-February 2025. It also includes an option to implement the Ontrak Engage solution, a coaching-specific program aimed at members who need ongoing coaching for physical and behavioral health challenges.
Mary Lou Osborne, President and Chief Commercial Officer at Ontrak Health, stated that the partnership aims to transform behavioral healthcare delivery for Medicare Advantage members by expanding provider access, improving health outcomes, and reducing total care costs.
Ontrak Health reported Q3 2024 financial results showing revenue of $2.6 million, down 31% year-over-year, with an operating loss of $(5.1) million. The company secured two new regional health plan customers and four health plan expansions since January, covering Medicaid, HARP, Commercial, and Marketplace segments. Total enrolled members in WholeHealth+ program reached 2,007 at Q3 end. The company implemented a 1-for-15 reverse stock split effective September 23, 2024. A significant customer representing 68% of Q3 revenue notified intent to discontinue services after December 2024. For Q4 2024, revenue guidance is projected between $2.9-$3.2 million.
Ontrak Health (NASDAQ: OTRK) announced an expansion of its partnership with Sentara Health Plans in Virginia. The expansion includes offering their Engage solution to Commercial fully insured and self-funded members, as well as extending services to Marketplace membership. This represents a six-fold increase in eligible members for Ontrak solutions. The Engage solution provides coaching support for physical and behavioral health challenges, addressing social needs and HEDIS care gaps. This expansion follows the WholeHealth+ partnership announced earlier this year, with outreach to the new targeted population beginning this week.
Ontrak Health (NASDAQ: OTRK) has scheduled its 2024 third quarter financial results announcement for November 13, 2024, after market close. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day. Participants can access the call by pre-registering online or joining via audio webcast at the company's investor relations website. A replay will be available for approximately 90 days after the call.
Ontrak Health (NASDAQ: OTRK) has expanded its partnership with a major Northeast regional health plan, implementing its Ontrak Quality solution to address behavioral health metrics according to HEDIS standards. This initiative aims to enhance patient outcomes and help the health plan achieve national quality benchmarks.
The Ontrak Quality service will broaden access to behavioral healthcare services for Commercial, Medicaid, and HARP members not enrolled in the WholeHealth+ program. This expansion complements the recently launched WholeHealth+ solution with the same customer.
Mary Lou Osborne, Chief Commercial Officer of Ontrak Health, emphasized the company's commitment to bridging critical care gaps in behavioral health and driving improved health outcomes using advanced AI capabilities and proven engagement techniques.
