Ontrak Health and Sentara Health Plans Execute Three-year Contract Extension Following Several Expansions
19 Fevereiro 2025 - 10:00AM
Business Wire
Ontrak, Inc. (NASDAQ: OTRK), a leading AI-powered and
telehealth-enabled behavioral healthcare company, today announced
it has signed an extension of its strategic partnership with
Sentara Health Plans in the Commonwealth of Virginia for an
additional three years, through December 2027. Sentara Health Plans
is the health plan division of Sentara Health, an integrated,
not-for-profit health care delivery system.
This extension follows three successful expansions throughout
2024, including the expansion of WholeHealth+ to a larger
Commercial membership, introduction of Ontrak's Engage solution to
Sentara Health Plans’ Commercial fully insured and self-funded
members, as well as the Marketplace membership. These expansions
have significantly broadened the reach and support for members,
addressing their physical and behavioral health needs, and social
determinants of health. With this expansion, Ontrak will now also
be offering its Quality solution to close HEDIS gaps in care as
part of its WholeHealth+ and Engage solutions to enrolled Sentara
Health Plans members.
Mary Lou Osborne, President and Chief Commercial Officer of
Ontrak Health, stated, “We have partnered with Sentara Health Plans
for 7 years, and are proud to extend this partnership following
three successful expansions last year of our services to commercial
health plan beneficiaries. This extension reflects our shared
commitment to delivering high-impact behavioral health solutions
that improve member engagement, care coordination, and overall
health outcomes.”
About Ontrak Health
Ontrak Health (Nasdaq: OTRK) 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 socioeconomic, 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.
About Sentara Health
Sentara Health, an integrated, not-for-profit health care
delivery system, celebrates more than 130 years in pursuit of its
mission – "we improve health every day." Sentara is one of the
largest health systems in the U.S. Mid-Atlantic and Southeast, and
among the top 20 largest not-for-profit integrated health systems
in the country, with 30,000 employees, 12 hospitals in Virginia and
Northeastern North Carolina, and the Sentara Health Plans division
which serves more than 1 million members in Virginia and Florida.
Sentara is recognized nationally for clinical quality and safety,
and is strategically focused on innovation and creating an
extraordinary health care experience for our patients and members.
Sentara was named to IBM Watson Health's "Top 15 Health Systems"
(2021, 2018), and was recognized by Forbes as a "Best Employer for
New Grads" (2022), "Best Employer for Veterans" (2022, 2023), and
"Best Employer for Women" (2020).
About Sentara Health Plans
Sentara Health Plans provides health plan coverage to nearly one
million members in Virginia and Florida. Sentara Health Plans
offers a full suite of commercial products including employee-owned
and employer-sponsored plans, as well as Individual & Family
Health Plans, Employee Assistance Programs and plans serving
Dual-Eligible, Medicare, and Medicaid enrollees.
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
expectations around continued revenues associated with customer
contracts and our ability to deliver improved engagement, care
coordination and overall health outcomes. These forward-looking
statements reflect numerous assumptions and involve a variety of
risks and uncertainties, many of which are beyond our control,
which may cause actual results to differ materially from stated
expectations. These risk factors include, among others, our ability
to effectively improve the quality measures and boost performance
scores for our customers and the impact of this solution on
increasing the number of, and revenue from, our prospective
customers. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250219871354/en/
Company Contact: Brandon LaVerne Chief Executive Officer
blaverne@ontrakhealth.com
Investor Relations: Ryan Halsted Gilmartin Group
investors@ontrakhealth.com
Ontrak (NASDAQ:OTRK)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025
Ontrak (NASDAQ:OTRK)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025