Ontrak Health (NASDAQ: OTRK), a leading AI-powered and
tech-enabled behavioral healthcare company, today announced the
launch of its Ontrak Advanced Engagement System. This system
integrates Augmented Intelligence (AI) with an evidence-based
clinical framework to deliver human-centered, personalized member
engagement.
Built on a foundation of real-world AI application, the Ontrak
Advanced Engagement System enables member engagement at greater
scale and with greater efficiency than ever before. The platform’s
introduction marks a significant step forward in Ontrak’s
commitment to technology-driven health solutions and builds on more
than a decade of research and development.
Among other cutting-edge innovations, the Ontrak Advanced
Engagement system employs a Risk-based analytics engine,
which uses AI algorithms to identify members and prioritize
outreach based on factors like risk, readiness, acuity, claims,
prescriptions, and enrollment history. Our Risk-based analytics
engine can find members with, for example, high-predicted
probability of substance use disorder or depression, but no
associated diagnosis in existing health records. This technology
helps drive Ontrak’s impressive member outreach success of 54%
across all lines of business, which Ontrak believes is more than
double the industry standard.
Several other components of the Ontrak Advanced Engagement
System continue to improve Ontrak’s industry-leading Care Coaching.
Using natural-language processing, AI-Driven Coach Notes
converts spoken interaction into text, allowing for more productive
care sessions aligned with evidence-based practice fidelity. It
also drives greater efficiency, creating up to 20% more time for
Care Coaches to prepare for and focus on serving more members.
The Care Signals Engine flags and facilitates timely and
relevant care interventions. This is where past and current health
and life experiences are highlighted. Our Care Signals indicate
events that are important to a member such as new diagnosis, new
medications, work stress and key factors that influence wellness.
These signals provide the optimal framing for goal setting and
coaching support.
In addition, the Next-Best Action Engine offers
immediate, data-driven recommendations to optimize Care Coaching
interactions. Ontrak expects the Next-Best Action Engine will
significantly increase operational efficiency up to 25% or more of
time saved organizing schedules and tasks across caseload, while
ensuring that resources are prioritized where they’re needed most.
In certain cases, the Next-Best Action Engine will trigger the
built-in AI Virtual Assistant. This tool interacts with
members and offers them an opportunity to engage with their
healthcare teams thereby extending member reach. The AI assistant
can grasp the nuances of a member's feelings and sentiments and
adjust the conversation to help close gaps in care.
To ensure that Ontrak Care Coaches align with best practices,
the Ontrak Advanced Engagement System also includes AI-driven
quality assessment and fidelity assessment tools. These
technologies evaluate the delivery of evidence-based protocols.
Care Coaches now get real-time skills-based training feedback into
how well their interactions are serving members.
Beneath everything are next-generation AI-driven data management
and analytics tools. For example, through a proprietary data
infrastructure, the Data Exchange platform simplifies the
process of managing electronic data interchange (EDI), while
complying with federal requirements and best practices in the
industry saving 80% in pipeline maintenance costs and delivered
nearly 90% shorter turnaround times.
The platform also facilitates Provider Interoperability
through HITECH certified industry standard frameworks. This creates
a closed-loop, bi-directional data sharing ecosystem, seamlessly
connecting providers, specialists, and Ontrak Care Coaches.
Bi-directional data sharing has already shown to significantly
improve patient adherence to treatment plans.
Taken together, AI-driven analytics facilitate a continuous
improvement loop, ensuring member interactions remain firmly rooted
in evidence-based practice. By integrating sophisticated AI, Ontrak
is helping to ensure that every member interaction is an
opportunity to deliver the highest quality care—along with the
highest possible client ROI.
Finally, the Ontrak Advanced Engagement System helps connect
members with the right providers through its proprietary
Provider Matching Engine. This technology taps into Ontrak’s
45-state behavioral health network to select the most appropriate
behavioral health provider for each member based on their needs.
The Provider Matching Engine considers more than a dozen
specialties and 30 sub-specialties, performance, and outcomes as
well as mode of delivery, diversity, and demographics. Ontrak
believes that more precise provider matching is what drives its
remarkable clinical outcomes, demonstrated by greater than 50%
clinically significant reduction in anxiety and depression symptoms
for members in its WholeHealth+ program.
“This is innovation where it’s needed most,” said Brandon
LaVerne, CEO of Ontrak Health. “We’re achieving unmatched scale and
efficiency when it comes to member engagement. As a result, Care
Coaches, health plans, and providers can gain a clear,
comprehensive view of care activities, delivering measurable
evidence of impact and outcomes.”
Ontrak Health recently published a white paper describing this
technology in more detail. You can read the white paper at
https://ontrakhealth.com/white-papers/ai-innovation-for-the-real-world-journey-through-care/.
About Ontrak Health
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.
Forward-Looking Statements
This press release contains “forward-looking” statements that
are based on the Company’s beliefs and assumptions and on
information currently available to the Company on the date of this
press release and are made pursuant to the Safe Harbor provisions
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may include, but are not limited to, the
expectations around the impact of our Ontrak Advanced Engagement
System. These forward-looking statements reflect numerous
assumptions and involve a variety of risks and uncertainties, many
of which are beyond our control, which may cause actual results to
differ materially from stated expectations. These risk factors
include, among others, our ability to increase operational
efficiencies of our Care Coaches and electronic data interchange,
continue to achieve outreach success rates, dependence on key
personnel and the ability to recruit, retain and develop a large
and diverse workforce; high customer concentration and the ability
of our customers to terminate our contracts for convenience;
intense competition and substantial regulation in the health care
industry; changes in regulations or issuance of new regulations or
interpretations; limited operating history; our inability to
execute our business plan; increase our revenue and achieve
profitability; lower than anticipated eligible members under our
contracts; the adequacy of our existing cash resources and
anticipated capital commitments to enable us to continue as a going
concern; our ability to raise additional capital when needed; lack
of outcomes and statistically significant formal research studies;
difficulty enrolling new members and maintaining existing members
in our programs; the risk that the treatment programs might not be
effective; difficulty in developing, exploiting and protecting
proprietary technologies; general economic conditions, nationally
and globally, and their effect on the market for our services,
competitive pressures and trends in our industry and our ability to
successfully compete with our competitors, and changes in laws,
regulations, or policies. For a further list and description of the
risks and uncertainties we face, please refer to our most recent
Securities and Exchange Commission filings which are available on
its website at http://www.sec.gov. Such forward-looking statements
are current only as of the date they are made and based on
information available to us on the date hereof, and we assume no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240321044026/en/
Company Contact: Brandon LaVerne Chief Executive Officer and
Chief Operating Officer blaverne@ontrakhealth.com
Investor Relations: Ryan Halsted Gilmartin Group
investors@ontrakhealth.com
Ontrak (NASDAQ:OTRK)
過去 株価チャート
から 12 2024 まで 1 2025
Ontrak (NASDAQ:OTRK)
過去 株価チャート
から 1 2024 まで 1 2025