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.
Ontrak, Inc. (NASDAQ: OTRK) will announce its first-quarter 2022 financial results on May 11, 2022, after market close. Management will host a conference call at 1:30 PM PT / 4:30 PM ET to discuss these results. Investors can access the call at +1 (833) 519-1269 for U.S. participants or (914) 800-3841 for international participants, referencing conference ID #5078624. A live and archived webcast will also be available on their website.
Ontrak, Inc. (NASDAQ: OTRK) reported Q4 2021 revenue of $10.3 million, a 65% decrease year-over-year, with a net loss of $(20.1 million). For the full year, revenue rose 2% to $84.1 million, but the operating loss widened to $(28.0 million). Key achievements include a three-year contract renewal with a major employer covering 39 countries, and a successful ATM offering raising $10.8 million. The company anticipates 2022 revenue between $25 - $30 million.
Ontrak, Inc. (NASDAQ: OTRK) announced its participation in the Cowen 42nd Annual Health Care Conference scheduled for March 9, 2022, at 1:30 p.m. Eastern Time. The company's management will host a fireside chat, and interested parties can access a live and archived webcast on their website's Investors section.
Ontrak focuses on utilizing AI and telehealth to improve healthcare for vulnerable behavioral health populations, offering personalized care and treatment pathways to those facing significant barriers in accessing care.
Ontrak, Inc. (NASDAQ: OTRK) will release its fourth quarter 2021 financial results on March 8, 2022, after market close. The company will host a conference call at 1:30 PM PT / 4:30 PM ET to discuss the results. Ontrak focuses on leveraging AI and telehealth to improve healthcare for vulnerable populations facing behavioral health issues. The company aims to provide effective care pathways that address significant barriers in healthcare access.
Ontrak, Inc. (OTRK, OTRKP) announced a cash dividend of $0.593750 per share for its 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend, based on a $25.00 per share liquidation preference, will be paid on
Ontrak, Inc. (NASDAQ: OTRK) has announced partnerships with eight technology companies to enhance its AI-powered behavioral health intervention platform. This initiative aims to integrate AI services at every stage of the behavioral care journey, offering greater visibility and personalization. CIO Arik Hill emphasized the importance of real-time insights over traditional measures, stating that improved AI capabilities will allow for tailored treatments. The platform aims to improve member engagement, clinical outcomes, and care coordination for payers and providers.
Ontrak reported Q3 revenue of $18.6 million, a 23% decline year-over-year. The company raised its annual revenue guidance to $82-$86 million. Active discussions are underway with three major health plans and expansion contracts with existing customers. Despite a net loss of $(7.9) million, Ontrak remains optimistic about growth due to recent management appointments, including a new Chief Customer Officer and Chief Medical Officer. The total enrolled members reached 9,395 as of Q3 2021.
Ontrak, Inc. (NASDAQ: OTRK, OTRKP) has announced the fifth quarterly cash dividend for its 9.50% Series A Cumulative Perpetual Preferred Stock, equaling $0.593750 per share. The annual dividend rate is set at 9.50%, based on a liquidation preference of $25.00 per share. This dividend will be payable on November 30, 2021 to holders of record as of November 15, 2021. The Series A Preferred Stock trades under the symbol “OTRKP” on NASDAQ.
Ontrak, Inc. (NASDAQ: OTRK), a leader in AI-powered healthcare, will participate in the 30th Annual Credit Suisse Virtual Healthcare Conference. Management is set to present on November 9, 2021, at 1:00 p.m. Eastern Time. Interested parties can access the live and archived webcast on the company’s website. Ontrak focuses on enhancing care for vulnerable behavioral health populations through personalized coaching and AI-driven solutions, aiming to break down barriers to treatment.
Ontrak, Inc. (NASDAQ: OTRK) announced it will report its financial results for the third quarter of 2021 on November 4, 2021, after market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET, allowing participants to join via phone or a live webcast. Ontrak, previously known as Catasys, is an AI-powered telehealth company focusing on behavioral health, aiming to improve outcomes for vulnerable populations suffering from anxiety, depression, and substance use disorders through personalized care pathways and predictive analytics.
FAQ
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