Ontrak Announces New Contract with Large Northeast Regional Health Plan
2024年8月8日 - 9:00PM
ビジネスワイヤ(英語)
Ontrak, Inc. (NASDAQ: OTRK), a leading AI-powered and
telehealth-enabled behavioral healthcare company announced the
signing of a 2-year strategic partnership with a large, regional
health plan in the Northeast, aimed at delivering a proactive,
predictive and personalized behavioral health solution to its
members in New York with chronic comorbidities and unaddressed
behavioral health conditions.
Ontrak Health will provide this new customer with its
WholeHealth+ solution, which uses advanced data analytics
and risk assessment tools to identify high cost, complex members
with chronic comorbidities and underlying, but unaddressed
behavioral health conditions. Once identified, members are
proactively engaged through a unique blend of human interaction
combined with augmented intelligence and offered personalized care
coaching support. Its Advanced Engagement System, coupled with an
evidence-based clinical model, provides care coaching tailored to
each member’s specific circumstances including behavioral health
provider visits, as needed, and is designed to improve clinical
outcomes and produce significant cost savings.
Ontrak expects its current outreach pool of eligible members to
approximately double with the initial addition of this health
plan’s eligible members in multiple lines of business within New
York only, including Medicaid, HARP, (a New York State-sponsored
Health and Recovery Plan), and Commercial HMO.
In addition, Ontrak Health will provide this new customer with
its Engage solution, a coaching-specific alternative
for members not eligible for WholeHealth+ who would benefit from
ongoing care coaching to help them address physical and behavioral
health challenges, and social needs without the need for provider
intervention.
Mary Lou Osborne, President and Chief Commercial Officer of
Ontrak Health, expressed enthusiasm, "We are excited to partner
with this new health plan customer for Ontrak in offering
whole-person behavioral health care designed to support members
through their health care journey. Together, we aim to make a
meaningful impact on the lives of members by providing
personalized, evidence-based care, addressing members’ unique
behavioral health needs."
Brandon LaVerne, Chief Executive Officer of Ontrak Health, added
“I am thrilled to announce our strategic partnership with one of
the leading Northeast regional health plan providers for their
members in New York. This agreement marks a significant milestone
for Ontrak Health as we work together to enhance access to
comprehensive behavioral health care services for thousands of
individuals across the region. Together, we are working
collaboratively towards a launch of Ontrak Health’s solutions for
this plan’s eligible members within 60 days.”
About Ontrak Health
Ontrak Health (NASDAQ: OTRK) is a leading AI and
telehealth-enabled behavioral healthcare company, whose mission is
to help improve 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.
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 delivering on our obligations with customer
contracts, expectation on the size of the Company’s callable
outreach pool of members, timing of launch and effectiveness of and
cost-savings provided by the Company’s program. 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, including risks related to the launch of the
Company’s programs for this new health plan’s members and the
timing thereof, the acceptance and use of the Company’s programs,
and the effectiveness of the Company’s programs and solutions. 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.
Learn more at www.ontrakhealth.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240808299556/en/
Company Contact: Brandon LaVerne Chief Executive Officer
and Chief Operating Officer blaverne@ontrakhealth.com
Investor Relations: Ryan Halsted Gilmartin Group
investors@ontrakhealh.com
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