STOCK TITAN

Ontrak Inc - OTRK STOCK NEWS

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.

Overview

Ontrak Inc is a technology-enabled, artificial intelligence powered company specializing in behavioral healthcare. The company uses an innovative PRE (Predict-Recommend-Engage) platform to provide a virtualized outpatient treatment approach, blending in-person and telehealth intervention services for health plans and third-party payors. By leveraging claim-based analytics and predictive modeling, Ontrak identifies health plan members at risk of chronic disease exacerbation due to unaddressed behavioral health issues.

Core Business and Technology

At the heart of Ontrak's services is its sophisticated platform that integrates predictive analytics with evidence-based psychosocial and medical interventions. The platform operates by:

  • Predicting: Utilizing advanced algorithms to determine which members are likely to benefit most from behavioral interventions.
  • Recommending: Generating personalized care pathways designed to align with patients’ willingness to change their health behaviors.
  • Engaging: Actively reaching out to those who have not been receiving appropriate care, ensuring that they are connected to vital health services.

This integrated approach not only enhances patient engagement but also addresses the broader social and environmental determinants of health, ultimately aiming to improve symptom management and overall well-being.

Targeted Health Conditions and Integrated Care Approach

Ontrak focuses on managing chronic conditions that are frequently worsened by behavioral health challenges. These include common yet complex illnesses such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure. The company’s comprehensive strategy involves combining technology-driven predictive insights with traditional care coordination, where care coaches and community care coordinators help bridge the gap between medical advice and practical, day-to-day patient support.

Industry Position and Operational Model

Operating at the intersection of healthcare and advanced analytics, Ontrak occupies a unique niche in the market. Its model is built on extensive data integration, real-time analytics, and a deep understanding of behavioral health dynamics. By offering a hybrid service delivery model that encompasses both in-person and telehealth interactions, the company effectively addresses the varied needs of a diverse patient population. This makes Ontrak a significant player in the digital health and chronic disease management space, without relying on transient market trends or short-term financial metrics.

Expertise and Operational Credibility

Ontrak demonstrates its expertise in leveraging artificial intelligence to transform traditional healthcare delivery. Its evidence-based approach combines rigorous analytical methodologies with a hands-on care delivery model that is rooted in real-world outcomes. The company continuously refines its care pathways, drawing on extensive clinical data and stakeholder feedback, ensuring that its interventions are both scientifically sound and practically effective.

Conclusion

The comprehensive model employed by Ontrak Inc not only highlights its deep expertise in behavioral healthcare but also its commitment to using technology to bridge critical gaps in chronic disease management. Investors and industry observers can note that the company’s operational framework is built on robust analytics, integrated care strategies, and an unwavering focus on improving patient outcomes through balanced and informed interventions.

Rhea-AI Summary

Ontrak Health, a leading AI-powered and telehealth-enabled behavioral healthcare company, announced a new contract with Community Care Plan to provide behavioral health solutions to its adult Medicaid population in South Florida. The partnership includes delivering solutions such as Ontrak WholeHealth+, Ontrak Engage, Ontrak Access, Ontrak Quality Support, and Ontrak Member Portal to improve clinical outcomes and reduce costs. The company anticipates reaching new eligible members and expanding its outreach pool by approximately 10% in the next 30 to 60 days.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.7%
Tags
none
-
Rhea-AI Summary

Ontrak Health, a leading AI-powered and telehealth-enabled healthcare company, will report its financial results for the first quarter of 2024 on May 14, 2024. The company will host a conference call for investors and analysts to discuss the results. Participants can access the call online or via live webcast. A replay will be available for on-demand listening.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
conferences earnings
-
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) reports Q4 revenue of $3.5 million, up 41% year over year, with a full-year revenue of $12.7 million, down 12%. The company expands services, completes equity financing, and amends its master note purchase agreement. Ontrak receives $1.9 million from the exercise of Public Offering Warrants. The financial results show improvements in operating loss and adjusted EBITDA compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.57%
Tags
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) will announce Q4 2024 financial results on April 16, 2024, after market close. The conference call will be held at 1:30 p.m. PT / 4:30 p.m. ET. Registration is required for dial-in information or live webcast access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.36%
Tags
conferences earnings
-
Rhea-AI Summary
Ontrak Health (OTRK) launches the Ontrak Advanced Engagement System, integrating AI with a clinical framework for personalized member engagement. The system boosts member outreach success by 54% and aims to improve Care Coaching efficiency by up to 20%. AI-driven tools like the Risk-based analytics engine, Care Signals Engine, and Next-Best Action Engine enhance care interventions and optimize coaching interactions. The platform also includes AI-driven quality and fidelity assessment tools, data management, and analytics tools, and a Provider Matching Engine for connecting members with suitable providers. Ontrak's technology aims to deliver high-quality care and maximize client ROI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.75%
Tags
AI
-
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) will participate in the 36th Annual Roth Conference with a live fireside chat on March 19, 2024, at 4:00 p.m. Eastern Time. The event will be webcasted and available for replay on Ontrak's Investor page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.88%
Tags
conferences
Rhea-AI Summary
Ontrak Health (OTRK) expands its partnership with Sentara Health in Virginia, offering the WholeHealth+ program to more members. The collaboration aims to provide behavioral healthcare to self-insured groups, showcasing significant growth potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Ontrak Health expands partnership with Sentara Health Plans in Virginia to support a larger commercial population, quadrupling eligible members for the WholeHealth+ program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.11%
Tags
partnership
-
Rhea-AI Summary
Ontrak Health introduces the Recovering Quality of Life Assessment (ReQoL) into its WholeHealth+ Product, recognized by Oxford University Innovation Lab. This strategic move highlights Ontrak's commitment to improving mental health care through evidence-based solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
none
Rhea-AI Summary
Ontrak, Inc. (NASDAQ: OTRK) reports Q3 revenue of $3.7 million, up 31% year over year. The company also raised approximately $5.5 million in a public offering of shares and completed a $16.3 million conversion of secured notes. The company achieved $750 per member per month cost savings for a prominent health plan's members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags

FAQ

What is the current stock price of Ontrak (OTRK)?

The current stock price of Ontrak (OTRK) is $1.507 as of April 10, 2025.

What is the market cap of Ontrak (OTRK)?

The market cap of Ontrak (OTRK) is approximately 6.4M.

What is the primary focus of Ontrak Inc?

Ontrak Inc focuses on leveraging artificial intelligence to address behavioral health conditions that exacerbate chronic diseases. Its integrated care model combines predictive analytics and personalized interventions to improve patient outcomes.

How does the Ontrak PRE platform work?

The PRE platform operates by predicting patients likely to benefit from intervention, recommending personalized care pathways, and engaging individuals through both in-person and telehealth services. This structured approach ensures timely and effective healthcare delivery.

Which chronic conditions does Ontrak target?

Ontrak targets chronic conditions such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure. These conditions are managed with tailored, evidence-based interventions that integrate behavioral and medical care.

How does Ontrak integrate technology into its healthcare model?

The company integrates advanced AI algorithms and predictive analytics within its PRE platform to identify and engage patients in need. This is complemented by care coaching, telehealth services, and community care coordination to address the full spectrum of patient needs.

What differentiates Ontrak Inc from other healthcare companies?

Ontrak Inc differentiates itself by combining technology-driven insights with a robust, hybrid care delivery model. Its focus on both psychosocial and medical aspects of chronic disease management sets it apart in the competitive digital health landscape.

How does Ontrak ensure the effectiveness of its interventions?

Ontrak employs evidence-based methodologies integrated with real-time analytics to continuously refine its intervention strategies. This balanced approach ensures that recommended care pathways are data-driven and practically applicable to the patients’ needs.
Ontrak Inc

Nasdaq:OTRK

OTRK Rankings

OTRK Stock Data

6.36M
2.28M
45.97%
15.07%
1.47%
Health Information Services
Services-misc Health & Allied Services, Nec
Link
United States
MIAMI