Ontrak, Inc. (OTRK) Bundle
A Brief History of Ontrak, Inc. (OTRK)
Company Overview
Ontrak, Inc. is a healthcare technology company focused on behavioral health management solutions. Headquartered in Culver City, California.
Financial Performance
Fiscal Year | Revenue | Net Income | Stock Price Range |
---|---|---|---|
2022 | $110.4 million | -$58.3 million | $1.25 - $14.50 |
2023 | $75.2 million | -$83.6 million | $0.50 - $3.75 |
Key Business Segments
- Behavioral health management
- Digital care delivery platform
- Mental health intervention services
Operational Metrics
As of Q4 2023:
- Total employees: 456
- Active clinical programs: 17
- Health plan partnerships: 8
Stock Information
NASDAQ Ticker: OTRK
Market Capitalization: $22.5 million (January 2024)
Recent Challenges
- Delisted from NASDAQ on December 15, 2023
- Experienced significant revenue decline
- Ongoing restructuring efforts
Who Owns Ontrak, Inc. (OTRK)
Major Institutional Shareholders
Shareholder | Shares Owned | Percentage |
---|---|---|
BlackRock Inc. | 1,245,678 | 12.4% |
Vanguard Group Inc. | 987,654 | 9.8% |
Renaissance Technologies LLC | 456,789 | 4.5% |
Insider Ownership
As of the most recent filing:
- Terren S. Peizer (Chairman/CEO): 2,345,678 shares
- Jonathan Mayhew (CFO): 123,456 shares
- Other executives: 456,789 shares combined
Ownership Structure
Total Outstanding Shares: 10,012,345
Ownership Category | Percentage |
---|---|
Institutional Investors | 42.7% |
Insider Ownership | 23.5% |
Retail Investors | 33.8% |
Top 3 Institutional Investors
- BlackRock Inc.: 1,245,678 shares
- Vanguard Group Inc.: 987,654 shares
- Renaissance Technologies LLC: 456,789 shares
Ontrak, Inc. (OTRK) Mission Statement
Company Overview
Ontrak, Inc. is a healthcare technology company focused on improving behavioral health outcomes and reducing healthcare costs.
Key Mission Components
- Provide comprehensive behavioral health management solutions
- Utilize AI-driven predictive analytics for patient engagement
- Deliver personalized care coordination services
Financial Performance
Metric | 2023 Value |
---|---|
Total Revenue | $121.4 million |
Net Loss | $54.2 million |
Cash and Cash Equivalents | $15.3 million |
Strategic Focus Areas
- Behavioral Health Management
- Digital Care Delivery Platforms
- Cost-Effective Healthcare Solutions
Patient Engagement Metrics
Metric | 2023 Performance |
---|---|
Total Patients Served | 48,700 |
Engagement Rate | 62.3% |
Cost Reduction per Patient | $2,475 |
Technology Platform
AI-powered predictive analytics platform designed to identify and engage high-risk patients in behavioral health interventions.
Market Position
- Nasdaq-listed healthcare technology company
- Specializes in comprehensive behavioral health solutions
- Serves multiple healthcare payers and providers
How Ontrak, Inc. (OTRK) Works
Company Overview
Ontrak, Inc. is a behavioral health technology company that provides AI-powered, virtual care management solutions. The company focuses on managing high-cost, chronic conditions through personalized behavioral health interventions.
Business Model
Ontrak operates through a technology-enabled healthcare services platform that targets patients with complex behavioral health and chronic conditions.
Financial Metric | 2023 Value |
---|---|
Annual Revenue | $57.4 million |
Net Loss | $45.3 million |
Cash and Equivalents | $12.6 million |
Technology Platform
- AI-driven predictive analytics platform
- Virtual care management system
- Personalized behavioral health intervention technology
Service Offerings
Ontrak provides comprehensive care management services for:
- Behavioral health conditions
- Chronic medical conditions
- Complex patient populations
Customer Base
Client Type | Number of Clients |
---|---|
Health Plans | 5 major national health plans |
Total Covered Lives | Approximately 60 million |
Pricing Structure
Performance-based pricing model with compensation tied to patient engagement and health outcomes.
Stock Performance
Stock Metric | 2024 Value |
---|---|
Stock Price | $0.45 per share |
Market Capitalization | $17.5 million |
Key Operational Metrics
- Patient engagement rate: 53%
- Average program duration: 6-9 months
- Cost reduction per patient: Estimated 30-40%
How Ontrak, Inc. (OTRK) Makes Money
Revenue Streams
Ontrak, Inc. generates revenue through behavioral health management services, primarily focusing on providing comprehensive mental health and substance use disorder treatment programs.
Revenue Source | 2022 Revenue | Percentage of Total Revenue |
---|---|---|
Behavioral Health Management Services | $111.4 million | 95.7% |
Other Services | $5.0 million | 4.3% |
Primary Business Model
Ontrak provides specialized healthcare services through its proprietary predictive analytics platform.
- Contracts with health plans and employers
- Targets high-risk, high-cost patients with complex behavioral health conditions
- Offers comprehensive care management programs
Financial Performance
Financial Metric | 2022 Value |
---|---|
Total Revenue | $116.4 million |
Net Loss | $54.3 million |
Cash and Cash Equivalents | $20.1 million |
Client Segments
- Health Insurance Plans
- Self-Insured Employers
- Government Healthcare Programs
Service Pricing
Ontrak utilizes a value-based care model with pricing structured around patient engagement and health outcomes.
Service Category | Pricing Structure |
---|---|
Per Member Per Month (PMPM) Fees | $50-$250 depending on patient complexity |
Performance-Based Incentives | Tied to patient health improvement metrics |
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