Form 8-K - Current report
2023年9月7日 - 9:00PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 7, 2023
Ontrak, Inc.
(Exact name of registrant as specified in its charter)
Delaware
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001-31932
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88-0464853
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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2200 Paseo Verde Parkway, Suite 280, Henderson, NV 89052
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (310) 444-4300
(Former name or former address, if changed since last report.)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.0001 par value
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OTRK
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The NASDAQ Capital Market
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9.50% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value
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OTRKP
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The NASDAQ Capital Market
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On September 7, 2023, Ontrak, Inc. (the “Company”) issued a press release announcing its study of behavioral health patient outcomes reveals a 53-60% reduction in anxiety and depression symptoms. The full text of the Company’s press release is filed herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (formatted as Inline XBRL).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Ontrak, Inc.
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Date: September 7, 2023
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By:
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/s/ James J. Park
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James J. Park
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Chief Financial Officer
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Exhibit 99.1
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News Release
For Immediate Release
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Ontrak Health's Study of Behavioral Health Patient Reported Outcomes Reveals 53-60% Reduction in Anxiety and Depressive Symptoms
Continuous PHQ-9 and GAD-7 assessments confirm initial Patient Reported Outcome Measures (PROMs) findings that contribute to improved health outcomes for Ontrak Health members.
Henderson, Nevada, September 7,2023 - Ontrak Health (NASDAQ: OTRK), a leading AI-powered and telehealth-enabled healthcare company, is pleased to announce the results of its 9-month post baseline follow-up behavioral health study that reinforces its positive initial findings. Leveraging industry-recognized PHQ-9 and GAD-7 assessments, Ontrak Health's Wholehealth+ program has contributed to 53-60% reductions in anxiety and depressive symptoms among assessed members.
Key highlights of the study include:
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●
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Anxiety Symptoms Improvement: With extended program engagement, 60% of members demonstrated a clinically significant reduction in anxiety symptoms, a marked increase compared to the 30% reported at the six-month mark.
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Depressive Symptoms Improvement: An impressive 53% of assessed members experienced a clinically significant reduction in depressive symptoms, consistent with the six-month findings.
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Dr. Judith Feld, Chief Medical Officer at Ontrak Health, commented, "We believe the study results solidify the role of our program in effectively managing anxiety-related concerns and the robustness of our approach in addressing depression and confirm our commitment to making lasting improvements in mental health care. Our Wholehealth+ program, fortified by the PHQ-9 and GAD-7 assessments, empowers our members to achieve sustained well-being. The increasing positive symptom reduction we're witnessing over the course of over 9 months underscores the value of personalized treatment plans and ongoing support."
The PHQ-9 and GAD-7 assessments remain integral to Ontrak Health's approach, enabling a data-driven understanding of members' progress. With thousands of assessments conducted, the company continues to provide comprehensive care coaching that supports members in their journey to better mental health.
About Ontrak, Inc.
Ontrak, Inc. is a leading AI and telehealth-enabled healthcare company, whose mission is to help improve the health and save the lives of as many people as possible. Ontrak identifies, engages, activates, and provides care pathways to treatment for the most vulnerable members of the behavioral health population who would otherwise fall through the cracks of the healthcare system. We engage individuals with anxiety, depression, substance use disorder and chronic disease through personalized care coaching and customized care pathways that help them receive the treatment and advocacy they need, despite the socio-economic, medical and health system barriers that exacerbate the severity of their comorbid illnesses. The company’s integrated intervention platform uses AI, predictive analytics and digital interfaces combined with dozens of care coach engagements to deliver improved member health, better healthcare system utilization, and durable outcomes and savings to healthcare payors.
Learn more at www.ontrakhealth.com
Media Contact:
Jaime Prieto
jprieto@ontrakhealth.com
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Sep. 07, 2023 |
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DE
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