Ontrak Health Announces New Customer Partnership with Intermountain Health to Deliver Value-Based Behavioral Health Services to Medicare Advantage Members
January 08 2025 - 7:00AM
Business Wire
Ontrak, Inc (NASDAQ: OTRK), (“Ontrak” or the “Company”), an
AI-powered and telehealth-enabled behavioral healthcare company,
announced it has signed an agreement to provide its behavioral
health solutions to Intermountain Health’s Medicare Advantage
members in Nevada.
Intermountain Health is a prominent healthcare system operating
400 clinics and 34 hospitals in the western United States.
Intermountain Health is known for its high quality, affordable and
personalized care and most recently was recognized as the top
health care employer in Nevada in the 2024 Forbes Best
Employers.
Ontrak Health will provide its proven Ontrak Wholehealth+
solution, which identifies high-cost, high-acuity members with
chronic comorbidities and underlying but unaddressed behavioral
health conditions and engages members with care coaching and timely
access to provider treatment for improved clinical outcomes and
significant cost savings. We currently expect this new agreement to
add approximately 2,000 members to Ontrak Health’s outreach pool
beginning in mid-February 2025.
The agreement also includes an option to provide the Ontrak
Engage solution, a coaching-specific program that identifies
members who would benefit from ongoing coaching to help them
address physical and behavioral health challenges.
“Our partnership with Intermountain Health represents a
significant step forward in transforming behavioral healthcare
delivery for Medicare Advantage members. By integrating our
behavioral health care coaching model across the full spectrum of
mental health needs, we are demonstrating how innovation can expand
provider access, improve health outcomes, and reduce total cost of
care,” commented Mary Lou Osborne, President and Chief Commercial
Officer at Ontrak Health. "This value-based partnership with
Intermountain Health aligns perfectly with our mission to make
high-quality behavioral healthcare accessible and affordable for
seniors."
About Ontrak Health
Ontrak Health (Nasdaq: OTRK) is a leading AI-powered and
technology-enabled behavioral healthcare company, whose mission is
to help improve the 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 socio-economic, 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
expectation on the timing and increase in the size of the members
eligible for the Company’s solutions and expectation of the
customer including members in future expansion in our Engage
solution. These forward-looking statements reflect numerous
assumptions and involve a variety of risks and uncertainties, many
of which are beyond our control. 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/20250108626532/en/
Company Contact: Brandon LaVerne Chief Executive Officer
blaverne@ontrakhealth.com
Investor Relations: Ryan Halsted Gilmartin Group
investors@ontrakhealth.com
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