Ontrak Health Launches Innovative Solution to Improve Quality Measures and Boost Performance Scores
2024年9月5日 - 10:15PM
ビジネスワイヤ(英語)
Ontrak, Inc. (NASDAQ: OTRK), a leading AI-powered and
technology-enabled behavioral healthcare company, today announced
the launch of Ontrak Quality, its latest product offering designed
to help healthcare payers, providers, and stakeholders close gaps
in care, thereby improving quality measures and ultimately quality
scores. Quality scores play a vital role in shaping the healthcare
landscape, impacting reimbursement rates, star ratings, and patient
outcomes. This latest innovation continues Ontrak’s expansion of
their Advanced Engagement System to solve healthcare organizations’
toughest problems.
Ontrak Health's new product offering provides a comprehensive
solution to identify, manage, and close care gaps through a
combination of advanced technology, robust data management, and
personalized patient outreach. The product is designed to address
key quality measures such as HEDIS (Healthcare Effectiveness Data
and Information Set) and Star Ratings, which are widely used by
organizations like the Centers for Medicare & Medicaid Services
(CMS) for quality assessment in Medicare Advantage plans and by
many state Medicaid programs. Core features include:
- Advanced Data Analytics: The solution utilizes AI-driven
analytics to identify high-risk patients and gaps in care across
multiple measure sets, prioritizing interventions based on impact
and feasibility.
- Integrated Patient Outreach and Engagement: Through
tailored communication strategies, the solution facilitates
personalized outreach and engagement strategies to members who are
due for critical care services, increasing compliance rates.
- Care Coordination and Integration: Seamless integration
with existing Electronic Health Records (EHR) and care management
systems allows care teams to access real-time data, coordinate care
more effectively, and track patient progress.
- Quality Improvement Dashboard: A user-friendly interface
that offers real-time tracking of performance, enabling healthcare
organizations to monitor their quality improvement efforts and
adjust strategies accordingly.
- Scalable Ecosystem – Advanced Engagement System
capabilities that inherently scale along with configurable
expansion of supported quality measures.
Ontrak has successes in closing care gaps for our members,
including key areas such as diabetes screening, Follow-up post
Hospitalization for Mental Health, and Adult Access to Primary
Care. These initial results demonstrate the product's effectiveness
in real-world scenarios in its current product portfolio and its
potential impact on improving quality scores.
As healthcare organizations increasingly focus on closing care
gaps, the demand for targeted solutions that can deliver measurable
results continues to rise. Ontrak Health's new product aligns with
this growing market need, providing healthcare payers and providers
with a comprehensive, effective tool to enhance quality and
operational efficiency. Complimenting Ontrak Health's existing
product portfolio, including Identify, Outreach, Engage, Access and
it’s end-to-end WholeHealth+ solution, these capabilities are now
being offered as a powerful standalone solution for customers
focused on HEDIS and Star Ratings. The flexibility expands Ontrak
Health's Total Addressable Market (TAM), enabling the Company to
attract a wider range of customers seeking tailored solutions for
gap closure.
"At Ontrak Health, our unwavering commitment to innovation in
healthcare technology solutions drives us to deliver solutions that
significantly enhance patient outcomes and address the daily
challenges faced by our customers," said Rick Newman, Chief
Operating Officer at Ontrak Health. "Our latest product exemplifies
this dedication, enabling healthcare organizations to achieve
improved quality scores, deliver more effective preventive care,
and ultimately improve the health and well-being of their patient
populations."
About Ontrak Health
Ontrak Health (Nasdaq: OTRK) is a leading AI and
technology-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 socioeconomic, 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 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 effectively improve the
quality measures and boost performance scores for our customers and
the impact of this solution on increasing the number of, and
revenue from, our prospective customers. 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/20240905793081/en/
Company Contact: Brandon LaVerne Chief Executive Officer
blaverne@ontrakhealth.com
Investor Relations: Ryan Halsted Gilmartin Group
investors@ontrakhealth.com
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