Ontrak, Inc. (OTRK): history, ownership, mission, how it works & makes money

Ontrak, Inc. (OTRK): history, ownership, mission, how it works & makes money

US | Healthcare | Medical - Healthcare Information Services | NASDAQ

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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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