Welcome to our dedicated page for Ontrak news (Ticker: OTRK), a resource for investors and traders seeking the latest updates and insights on Ontrak stock.
Ontrak Inc (OTRK) delivers AI-powered behavioral healthcare solutions through its proprietary PRE platform, addressing chronic conditions exacerbated by untreated mental health factors. This page serves as the definitive source for official company announcements and strategic developments.
Access timely updates including earnings reports, partnership agreements, regulatory milestones, and technology innovations. Our curated news collection enables investors to track Ontrak's progress in integrating predictive analytics with personalized care delivery models.
Discover updates on key operational areas: clinical program expansions, payer partnership developments, and advancements in telehealth integration. All content is sourced directly from verified company communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to Ontrak's evolving role in value-based care initiatives and behavioral health technology. Monitor how the company's data-driven approach continues to shape chronic disease management strategies across healthcare ecosystems.
Ontrak, Inc. (NASDAQ: OTRK) announced its financial results for Q1 2023 will be released on May 10, 2023, after market close. The company will host a conference call at 1:30 PM PT / 4:30 PM ET to discuss the results. Interested participants must register in advance to obtain a unique pin for the call. A web replay of the call will be available for approximately 90 days following the event.
Ontrak leverages AI and telehealth to support vulnerable populations facing behavioral health issues such as anxiety, depression, and substance use disorders. The company’s integrated platform aims to improve health outcomes and reduce the barriers to treatment through personalized care protocols.
On April 13, 2023, Ontrak, Inc. received a compliance notice from Nasdaq indicating that its 9.50% Series A Cumulative Perpetual Preferred Stock (OTRKP) failed to meet the minimum bid price requirement of $1.00 per share for the last 30 consecutive business days. The notice does not immediately affect the stock’s listing but gives the company a 180-day grace period, until October 10, 2023, to regain compliance by achieving a minimum closing bid price of $1.00 for at least 10 consecutive business days. The company is actively monitoring its stock price and exploring options to meet the requirement, though there is no guarantee of compliance.
Ontrak, Inc. (NASDAQ: OTRK) has expanded its Active Outreach Pool (AOP) for the Wholehealth+ program to nearly 9,000 members, a 100% increase compared to previous averages. This growth is attributed to refined predictive algorithms, a Medicaid plan's new member cohort, and a Virginia health plan's commitment to increase membership. The AOP is a key performance indicator as enrollment typically generates revenue, with a 25-45% enrollment rate annually. Members benefit from significant clinical outcomes, including a 66% reduction in hospitalizations and $12,000 in gross savings per member over two years, enhancing the program's ROI for customers.
Ontrak Health (NASDAQ: OTRK) announced a partnership with MyndYou, utilizing its AI-powered platform MyEleanor to enhance member engagement and address mental health needs. A successful pilot program demonstrated a 38% re-engagement rate with Ontrak's behavioral health services. MyEleanor's accurate machine learning models (99%) facilitate effective conversations, supporting patient health and reducing medical costs. The partnership aims to expand MyEleanor’s reach, improving care coordination and outcomes.
FAQ
What is the current stock price of Ontrak (OTRK)?
What is the market cap of Ontrak (OTRK)?
