Ontrak Health Finalizes Study Results for Prominent Health Plan’s Medicaid Members with WholeHealth+ Program
July 25 2024 - 8:00AM
Business Wire
$721 PMPM Savings Over 24 Month Period for
Graduates $508 PMPM Savings for Non-Graduates
Ontrak, Inc (NASDAQ: OTRK), a leading AI-powered and
technology-enabled behavioral healthcare company, announced the
impressive results of a formal evaluation conducted on the Ontrak
WholeHealth+ program. The study evaluated the program’s impact on
one of its Medicaid health plan customer’s medical costs. The
findings are significant and validate the impact of our program to
our customers.
Key Findings from the Evaluation:
Final results of the 36-month retrospective observational study
have shown statistically significant, difference-in-differences
savings of gross all-cause medical costs over 24 months of $721
PMPM (P<0.001) among Ontrak’s treated group of members who
graduated the Ontrak WholeHealth+ program compared with matched
controls. For the first time, the study went further to evaluate
members who did not graduate the Ontrak WholeHealth+ program but
were enrolled for a minimum of five months. For this cohort, which
averaged an 8.2 month enrollment period, the study shows
statistically significant, difference-in-differences savings of
gross all-cause medical costs over the enrollment period of $508
PMPM (P<0.05) compared with matched controls. This study
provides further evidence of the effectiveness of Ontrak’s
WholeHealth+ program in reducing avoidable healthcare expenditures
and improving patient outcomes. Ontrak Health has previously
measured Medicare and Commercial member difference in difference
gross savings of $485 PMPM over 24 months for graduates of its
program as part of its independently validated 2021 Treatment
Effect Study that was published in the American Journal of Managed
Care.
Katie Lord, Vice President of Program Analytics and Outcomes at
Ontrak Health, emphasized the significance of these results,
stating, “Our latest comprehensive study has once again confirmed
the substantial impact of our WholeHealth+ program on healthcare
cost reduction. Achieving statistically significant results of $721
PMPM and $508 PMPM for graduates and non-graduates of our program,
respectively, is a testament to our commitment to provide
evidence-based solutions and data driven insights that our
customers need and want.”
This study includes Medicaid members from a prominent existing
health plan customer, who are enrolled in Ontrak’s WholeHealth+
program designed around four fundamental capabilities:
- Identification: High cost, complex Medicaid members with
chronic comorbidities and unaddressed behavioral health conditions
in need of specialized care are identified using advanced data
analytics and risk assessment tools.
- Outreach: Once identified, members are proactively
engaged through a unique blend of human interaction combined with
augmented intelligence and offered personalized care coaching
support to address their behavioral, physical and social health
needs.
- Engagement: An Advanced Engagement System coupled with
an evidence-based clinical model provides care coaching tailored to
each member’s specific circumstances, ensuring the most effective
care is delivered, including behavioral health provider visits as
needed.
- Monitoring and Support: Continuous monitoring and
data-driven insights empower members to take control of their
health while receiving ongoing support from a dedicated care
team.
Brandon LaVerne, Chief Executive Officer and Chief Operating
Officer of Ontrak Health, stated, “Ontrak Health continues to
innovate and provide solutions for those most impacted in our
society by depression, anxiety and substance use disorder. Our data
has shown time and again that unaddressed behavioral health issues,
combined with multiple comorbid conditions, increases healthcare
costs and inpatient care utilization. Ontrak Health’s WholeHealth+
solution has been proven to significantly reduce these costs and
unnecessary utilization.”
To learn more about Ontrak Health visit ontrakhealth.com
About Ontrak, Inc.
Ontrak, Inc. is a leading AI 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240725061701/en/
Company Contact: Brandon LaVerne Chief Executive Officer and
Chief Operating Officer blaverne@ontrakhealth.com
Investor Relations: Ryan Halsted Gilmartin Group
investors@ontrakhealth.com
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