Ontrak Inc Stock Price, News & Analysis

Ontrak Health (NASDAQ: OTRK) announced an expanded partnership with Sentara Health Plans to offer its Engage Solution to employer-sponsored customers in Virginia. The expansion follows successful 2024 launches of Ontrak's Engage and WholeHealth+ solutions across different Sentara populations.

Starting July 1, 2025, approximately 11,500 new lives will be eligible for benefits, potentially increasing the Engage Outreach Pool by 3,500-4,500 members. The Engage program leverages AI-powered predictive analytics and personalized care pathways to support individuals with mental health conditions and chronic diseases.

Ontrak Health (NASDAQ: OTRK) reported its Q1 2025 financial results, showing mixed performance. Revenue declined 25% year-over-year to $2.0 million, while operating loss increased 37% to $(5.9) million. The company secured a $10.0 million financing commitment from Acuitas Capital LLC. Despite financial challenges, Ontrak's membership nearly doubled year-over-year, with WholeHealth+ program reaching 1,578 members and Ontrak Engage growing to 1,587 members. Notable achievements include NCQA recertification as a Credentials Verification Organization, new Medicaid designations in two states, and a three-year extension of its partnership with Sentara Health Plans through 2027. The company projects Q2 2025 revenue between $2.2-2.6 million.

Ontrak (NASDAQ: OTRK), a value-based behavioral healthcare company, has secured a $10 million financing commitment from Acuitas Capital, LLC. The funding will support Ontrak's growth initiatives, expansion of its customer base, and advancement of its AI and digital capabilities in delivering behavioral healthcare solutions.

CEO Brandon LaVerne highlighted that this commitment will help accelerate the company's growth and enhance its technology platform. The agreement allows Ontrak to pursue additional third-party financing to further support its growth initiatives. The complete agreement details will be available through an SEC Form 8-K filing.

Ontrak Health (NASDAQ: OTRK), an AI-powered and telehealth-enabled healthcare company, has scheduled its 2025 first quarter financial results announcement for May 20, 2025, after market close. The company will host a conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day.

Interested participants can access the conference call by pre-registering online for dial-in information or via live audio webcast at the company's investor relations website. Registration is required at least 15 minutes before the call to obtain a unique pin. A replay will be available on-demand shortly after the call and remain accessible for approximately 90 days.

Ontrak (NASDAQ: OTRK) has secured recertification from the National Committee for Quality Assurance (NCQA) as a Credentials Verification Organization (CVO) for license to practice verification. This certification, valid through April 22, 2027, follows a voluntary review process evaluating Ontrak's data collection, verification operations, and continuous improvement processes.

Brandon LaVerne, CEO and COO of Ontrak, emphasized that this achievement demonstrates their commitment to trust, transparency, and operational excellence. NCQA President Margaret E. O'Kane confirmed that the certification validates Ontrak's capabilities in provider credential verification and supporting health plan clients' accreditation goals.

The recertification strengthens Ontrak's position as a value-based behavioral healthcare company, powered by AI and engagement technology, helping health plan customers meet their accreditation objectives while maintaining high quality and compliance standards.

Ontrak Health (NASDAQ: OTRK) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 revenue declined 11% year-over-year to $3.1 million, while full-year revenue decreased 15% to $10.8 million. The company's operating losses improved, with Q4 operating loss at $(4.4) million (16% decrease YoY) and full-year operating loss at $(17.8) million.

Notable developments include a new partnership with Intermountain Health for Medicare Advantage members and a three-year contract extension with Sentara Health Plans. The company's WholeHealth+ program had 1,409 enrolled members at Q4 end, while Ontrak Engage reached 716 members. For Q1 2025, Ontrak projects revenue between $2.0-2.3 million.

A significant challenge ahead is the loss of a major customer representing 59.5% of 2024 revenue ($6.5 million), who will discontinue services after December 2024.

Ontrak Health (NASDAQ: OTRK), an AI-powered and telehealth-enabled healthcare company, has scheduled its fourth quarter 2024 financial results announcement for April 14, 2025, after market close. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day.

Interested participants can access the conference call by pre-registering online for dial-in information or viewing the live audio webcast through the company's website. Registration is required at least 15 minutes before the call to obtain a unique pin. A replay will be available on-demand shortly after the call's completion and remain accessible for approximately 90 days.

Ontrak (NASDAQ: OTRK) has secured Medicaid provider designation in two states - one in the Midwest and another in the Southeast. This strategic development enables the AI-powered behavioral healthcare company to operate as a direct value-based provider alongside its existing vendor operations.

The new designation allows Ontrak to align quality outcomes and HEDIS measures with medical cost savings and financial incentives shared with payor partners. Notably, this status permits fees to be categorized under the medical cost ratio rather than administrative vendor fees, and enables billing codes reimbursable at the State level for Medicaid plans.

The company is currently in discussions with a large Midwestern Health Plan regarding potential implementation of its WholeHealth+ solution. These Medicaid approvals strengthen Ontrak's ability to create value-based partnerships with managed care organizations, health systems, and community-based providers across multiple states for Medicaid beneficiaries.

Ontrak Health (NASDAQ: OTRK) has launched its WholeHealth+ program for Intermountain Health's Medicare Advantage members in Nevada. The implementation began with the addition of 2,750 Nevada Medicare Advantage members to its outreach pool. Intermountain Health, operating 400 clinics and 34 hospitals in the western United States, was recently recognized as Nevada's top healthcare employer in the 2024 Forbes Best Employers.

The WholeHealth+ solution is designed to identify and assist high-cost, high-acuity members with chronic comorbidities and unaddressed behavioral health conditions. The program provides care coaching and facilitates access to provider treatment, aiming to improve clinical outcomes and achieve significant cost savings.