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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 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.
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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.
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Ontrak, Inc. (NASDAQ: OTRK) Announces Closing of Public Offering and Private Placement at $0.60 Per Share
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Ontrak, Inc. (NASDAQ: OTRK) announced a public offering of 4,592,068 shares of common stock and 9,184,136 warrants at a combined price of $0.60 per share, with an additional private placement to Acuitas of 18,333,333 pre-funded warrants and 36,666,666 warrants at the same price. The gross proceeds from the public offering are expected to be approximately $6.3 million, with net proceeds intended for working capital and general corporate purposes.
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Ontrak, Inc. (NASDAQ: OTRK) will report Q3 2023 financial results on November 14, 2023, after market close. A conference call will be held at 1:30 p.m. PT / 4:30 p.m. ET. Dial-in information and webcast details can be found at https://ontrakhealth.com/investors/presentations-events.
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Ontrak Health announces promising results of evaluation on the Ontrak WholeHealth+ program
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Ontrak, Inc. received a letter from Nasdaq stating that it no longer meets the minimum bid price requirement. The company had a 180-day period to regain compliance, but failed to do so. As a result, the Preferred Stock will be delisted from The Nasdaq Capital Market and will be traded in the OTC Markets system.
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Ontrak Health successfully deploys Axiom Systems TransSend Core EDI Gateway, processing over 52 million claim data transactions in August 2023 alone. Estimated to process well over half-a-billion claim data transactions in a year, resulting in reduced turnaround times and 80% savings in data pipeline maintenance costs.
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Ontrak Health announces positive results of a 9-month post baseline follow-up behavioral health study, showing 53-60% reductions in anxiety and depressive symptoms among assessed members.
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Ontrak, Inc. (NASDAQ: OTRK) reported Q2 revenue of $3.0 million and year-to-date revenue of $5.5 million. The company signed a new customer agreement with a regional Medicaid health plan. They completed a reverse stock split at a ratio of 1:6. Ontrak achieved certification as a Credentials Verification Organization (CVO) by the National Committee for Quality Assurance (NCQA). The company remains focused on delivering innovative behavioral health care solutions.
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FAQ

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

The current stock price of Ontrak (OTRK) is $1.41 as of April 17, 2025.

What is the market cap of Ontrak (OTRK)?

The market cap of Ontrak (OTRK) is approximately 7.0M.

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

7.00M
2.28M
45.97%
15.07%
1.47%
Health Information Services
Services-misc Health & Allied Services, Nec
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United States
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