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) has appointed Dr. Judith Feld as the new Chief Medical Officer, succeeding Dr. Robert Accordino, who leaves to focus on his private practice. Dr. Feld, who joined the company in 2019, has played a key role in developing Ontrak's clinical model aimed at engaging hard-to-reach health plan members. With over 30 years of experience and multiple accolades, she aims to enhance the health outcomes of members and improve services for health plan customers. The transition is seen as a positive step for Ontrak as it emphasizes internal talent and continuity in leadership.
Ontrak, Inc. (NASDAQ: OTRK) announced the resignation of CEO Jonathan Mayhew effective August 12, 2022, due to family health reasons. Founder Terren Peizer will assume the CEO role, focusing on strategic direction and capital initiatives. The company promoted several executives, including Brandon LaVerne to Co-President and COO, and Mary Lou Osborne to Co-President and Chief Commercial Officer. Historical revenue growth includes $2.7 million in 2015 to $84.1 million in 2021. Peizer's investment arm remains the largest shareholder.
Ontrak, Inc. (NASDAQ: OTRK), a leader in AI-powered telehealth, will participate in the Lytham Partners Summer 2022 Investor Conference. The presentation will be accessible from June 21, 2022, at 9:00 a.m. Eastern Time, via the company's website. Ontrak's mission focuses on enhancing healthcare for vulnerable populations facing mental health issues, including anxiety and substance use disorders. Their robust platform combines AI and personalized care pathways to improve member health and optimize healthcare utilization.
Ontrak Health (NASDAQ: OTRK) and Eleos Health announce a partnership to integrate their AI platforms, aiming to enhance member care in behavioral health. This collaboration will reduce administrative tasks and improve insights into treatment sessions. Eleos' voice-to-insights technology will streamline documentation, cutting completion time by up to 40%. This integration is expected to provide Ontrak's care teams with better visibility into patient needs and treatment effectiveness, ultimately supporting its mission to improve clinical outcomes for vulnerable populations.
Ontrak, Inc. (OTRK) reported Q1 2022 revenue of $5.3 million, an 82% decline year-over-year. The operating loss widened to $(13.1 million), compared to $(2.9 million) in Q1 2021. Adjusted EBITDA also fell to $(9.2 million) from $1.9 million year-over-year. The company highlighted a sales pipeline and plans to borrow up to $25 million from Acuitas Capital. Total enrolled members reached 2,867. Ontrak anticipates revenue for the full year 2022 between $25 million and $30 million.
Ontrak, Inc. (NASDAQ: OTRK) will announce its first-quarter 2022 financial results on May 11, 2022, after market close. Management will host a conference call at 1:30 PM PT / 4:30 PM ET to discuss these results. Investors can access the call at +1 (833) 519-1269 for U.S. participants or (914) 800-3841 for international participants, referencing conference ID #5078624. A live and archived webcast will also be available on their website.
Ontrak, Inc. (NASDAQ: OTRK) reported Q4 2021 revenue of $10.3 million, a 65% decrease year-over-year, with a net loss of $(20.1 million). For the full year, revenue rose 2% to $84.1 million, but the operating loss widened to $(28.0 million). Key achievements include a three-year contract renewal with a major employer covering 39 countries, and a successful ATM offering raising $10.8 million. The company anticipates 2022 revenue between $25 - $30 million.
Ontrak, Inc. (NASDAQ: OTRK) announced its participation in the Cowen 42nd Annual Health Care Conference scheduled for March 9, 2022, at 1:30 p.m. Eastern Time. The company's management will host a fireside chat, and interested parties can access a live and archived webcast on their website's Investors section.
Ontrak focuses on utilizing AI and telehealth to improve healthcare for vulnerable behavioral health populations, offering personalized care and treatment pathways to those facing significant barriers in accessing care.
Ontrak, Inc. (NASDAQ: OTRK) will release its fourth quarter 2021 financial results on March 8, 2022, after market close. The company will host a conference call at 1:30 PM PT / 4:30 PM ET to discuss the results. Ontrak focuses on leveraging AI and telehealth to improve healthcare for vulnerable populations facing behavioral health issues. The company aims to provide effective care pathways that address significant barriers in healthcare access.
Ontrak, Inc. (OTRK, OTRKP) announced a cash dividend of $0.593750 per share for its 9.50% Series A Cumulative Perpetual Preferred Stock. This dividend, based on a $25.00 per share liquidation preference, will be paid on
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