Catasys, Inc. (NASDAQ: CATS), an AI-powered and telehealth-enabled, virtualized outpatient healthcare treatment company, has announced that the company will adopt the name of its market-leading solution, becoming Ontrak, Inc, the company said.
Effective Tuesday, July 7, 2020, the company´s common stock will trade under the new Nasdaq ticker symbol, OTRK, and the new CUSIP number 683373104.
This announcement leverages national brand recognition of the company´s OntrakTM solutions among health plan members, health plan customers, and the company´s network of over 12,000 behavioral health providers.
OntrakTM solutions are a critical component of the company´s PRETM (Predict-Recommend-Engage) platform that predicts people whose chronic disease will improve with behavior change, recommends care pathways that are effective and that people will follow, and engages people who aren´t getting the care they need. OntrakTM solutions incorporate evidence-based psychosocial and medical interventions delivered either in-person or via telehealth, along with care coaching and in-market Community Care Coordinators who address the social and environmental determinants of health. OntrakTM solutions improve member health and deliver validated cost savings of more than 50% for enrolled members. Learn more at www.ontrak-inc.com