Ontrak

Ontrak, Inc. engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its Ontrak platform solution, which is designed to improve member health, and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The company was founded by Terren S. Peizer in February 2003 and is headquartered in Henderson, NV.

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Ontrak Health reports revenue growth and program success in Q1

Ontrak Health's Q1 performance showed revenue growth and strong enrollment rates.
While facing cash decline and margin challenges, the company is pursuing new growth avenues.
Opportunities lie in expanding customer base, finalizing contracts, and leveraging successful programs.

Ontrak Health reports Q3 revenue decline but anticipates Q4 growth

Ontrak Health faced a revenue decline in Q3 2024 but anticipates sequential growth in Q4 with new outreach initiatives. The company demonstrated product versatility and expansion with new customer signings and active prospects, indicating potential growth opportunities.

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Ontrak, Inc. engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its Ontrak platform solution, which is designed to improve member health, and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The company was founded by Terren S. Peizer on February 13, 2003 and is headquartered in Miami, FL.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK, OTRKP) (“Ontrak” or the “Company”), a leading AI-powered and telehealth enabled, virtualized healthcare company, today announced that it has closed its previously announced underwritten public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock“) at $24.75 per share, for gross proceeds to the Company of $42.8 million. The Company has granted the underwriters a 30

Ontrak Announces Closing of Follow-On Offering of Non-Convertible Preferred Stock

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK, OTRKP) (“Ontrak” or the “Company”), a leading AI-powered and telehealth enabled, virtualized healthcare company, today announced that it has priced its previously announced underwritten public offering of 1,730,000 shares of its 9.50% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock“) at $24.75 per share, for gross proceeds to the Company of approximately $42.8 million. The Company has granted the und

Ontrak Announces Pricing of Follow-On Offering of Non-Convertible Perpetual Preferred Stock

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK, OTRKP) (“Ontrak” or the “Company”), a leading AI-powered and telehealth enabled, virtualized healthcare company, today announced that it has commenced an underwritten public offering of shares of its Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”) with a liquidation preference of $25.00 per share. B. Riley Securities, Ladenburg Thalmann and William Blair are acting as book-running managers for the

Ontrak Announces Follow-On Offering of Non-Convertible Perpetual Preferred Stock

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced it ranked 279 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America, now in its 26th year. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016

Ontrak Ranked Number 279 Fastest-Growing Company in North America on Deloitte's 2020 Technology Fast 500™

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced the appointment of Jaime Prieto as its SVP Marketing. In this new role, Mr. Prieto will lead Ontrak Corporate and Product Marketing, reporting to Curt Medeiros, Ontrak President and COO. Mr. Prieto brings more than 25 years of WPP brand leadership experience to Ontrak. A data-driven business growth leader, he

New SVP Marketing, Jaime Prieto, Joins Ontrak from WPP

Ontrak is a telemedicine company with a difference. The company earns its revenues from health insurers by assisting plan members with behavioral health conditions. Ontrak uses coaches to help patients manage their chronic health conditions which theoretically saves health insurers from high medical expenses.

Ontrak: Teething Problems Aside, A Promising Telemedicine Play With A Unique Business Model

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), today announced that its Board of Directors has declared the first quarterly cash dividend for the Company's 9.50% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock“). The first quarterly cash dividend equals $0.6333333 per share, representing more than a full quarter as it covers the period from, and including, the first date the Company issued the Series A Preferred Share

Ontrak Declares Dividend on 9.50% Non-Convertible Series A Preferred Stock

Ontrak, Inc. (OTRK) CEO Terren Peizer on Q3 2020 Results - Earnings Call Transcript

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today reported its financial results for the third quarter ended September 30, 2020. Management Commentary “There is a preponderance of evidence that the U.S. mental health crisis is worse than previously documented,” said Terren Peizer, Ontrak Chairman and CEO. “McKinsey & Co has now predicted that in the post-COVID per

Ontrak Announces 2020 Third Quarter Financial Results

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced a cooperative research and development agreement with the Veterans Health Administration (VHA) to conduct a 3-year research study on the effect of intensive care coaching in addition to the standard of care for Veterans at high risk of suicide-related behaviors after psychiatric hospital discharge. Suicidal id

Ontrak Partners with Veterans Health Administration to Transform Suicide Prevention Care in the U.S.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced the company will be participating in the upcoming 29th Annual Credit Suisse Virtual Healthcare Conference. Ontrak's management is scheduled to present on Tuesday, November 10, 2020 at 3:30 p.m. Eastern Time. Interested parties may access a live and archived webcast of the presentation on the “Investors” sectio

Ontrak to Present at the Credit Suisse Virtual Healthcare Conference

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced the renewal of its contract with one of the nation's leading health insurance providers for its Ontrak-C solution in Texas. Mr. Curt Medeiros, President and COO of Ontrak, stated, “After a successful 2-year pilot program for this national health plan partner in Texas, our contract was expanded in 2018 beyond

Leading National Health Plan Renews Ontrak Contract for Largest Medicaid Market

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized healthcare company, today announced that it has acquired LifeDojo Inc, a comprehensive, science-backed behavior change platform. LifeDojo is a platform that makes transformative life changes possible for members in over 16 countries. Supported by decades of public health research, the LifeDojo approach to member-centric behavior change delivers

Ontrak Acquires Science-Backed, Behavior Change Platform LifeDojo, Inc

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized outpatient healthcare treatment company, today announced it will report financial results for the third quarter 2020 on Thursday, November 5, 2020 after market close. Company management will host a corresponding conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Conference Call & Webcast Details The conference call can be a

Ontrak to Report 2020 Third Quarter Financial Results on November 5, 2020

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized outpatient healthcare treatment company, today announced that Health Alliance Medical Plans (“Health Alliance”), a provider-sponsored health insurer that covers 250,000 members (spanning Medicare Advantage, Commercial and Individual) in IL, IA, IN, OH and parts of WA, reports that the Ontrak program has delivered a 2.5x ROI and a 41% reduction

Health Alliance Reports Ontrak Cost Savings of 41% and 2.5x ROI

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Why I'm Buying Shares of Ontrak and Unity Software

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized outpatient healthcare treatment company, today announced the launch of its Ontrak-CI solution for Medicare Advantage members of this National Health Plan in a simultaneous 13-state expansion. The strong results delivered by Ontrak in successful pilots, which demonstrated an ROI and Net Promoter Score (NPS) above expectations, led to the subseque

Ontrak Announces Launch of Ontrak-CI Program for National Health Plan

Last month's pullback was a drop in the bucket for shares of this hot virtual healthcare specialist, which are up 359% in 2020.

Why Ontrak Stock Fell 18% in September

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading analytics and telehealth-enabled behavioral health outpatient program, today released a new report, “The Overlooked Patient,” which examines the barriers preventing many Americans from accessing needed behavioral healthcare, despite having access to health insurance. The Ontrak report not only identifies and quantifies the problem, but also outlines a three-part strategy for health plans to

New Ontrak Report Highlights $68B Opportunity for Payers to Engage & Treat Complex Populations with Unaddressed Behavioral Health Conditions

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ: OTRK) (“Ontrak” or the “Company”), a leading AI-powered and telehealth enabled, virtualized outpatient healthcare treatment company, today announced that the volume of evidence now pointing to a surge in mental health conditions may still understate the severity of the mental health crisis. A recent Milliman Research Report commissioned on behalf of The Path Forward for Mental Health and Substance Use by the Mental Health Treatment an

Ontrak Reports Dramatic Increase in Mental Health Issues With a Multiplier Effect on Healthcare Costs

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc. (NASDAQ:OTRK) ("Ontrak" or the "Company"), a leading AI-powered and telehealth enabled, virtualized outpatient healthcare treatment company, today announced that Curt Medeiros, President and COO, and Brandon LaVerne, CFO, will present at the Oppenheimer Fall Healthcare Life Sciences & Medtech Summit on Tuesday, September 22, 2020, at 3:20 p.m. ET. A live webcast of the presentation will be available at: https://wsw.com/webcast/oppenheimer5

Ontrak to Present at Oppenheimer Fall Healthcare Life Sciences & Medtech Summit

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SANTA MONICA, Calif.--(BUSINESS WIRE)--Ontrak, Inc.

Ontrak Announces Full Exercise of Overallotment Option in Public Offering of Non-Convertible Preferred Stock

The telehealth and chronic disease specialist soared after a strong earnings report.

News for Ontrak Stock (OTRK)