Ontrak Health Achieves $750 Per Member Per Month (PMPM) Cost Savings for Prominent Health Plan’s Medicaid Members with WholeHealth+ Program
19 Oktober 2023 - 2:00PM
Business Wire
Ontrak Health (NASDAQ: OTRK), a leading AI-powered and
telehealth-enabled healthcare company, is proud to announce the
promising results of a formal evaluation conducted on the Ontrak
WholeHealth+ program. The evaluation aimed to assess the program's
impact on one of its health plan customer’s Medicaid members'
medical costs, and the preliminary findings are encouraging and
validates the impact of our program to our customers.
Key Findings from the Evaluation:
Preliminary results of the 36-month retrospective observational
study have shown statistically significant savings of all-cause
medical costs over 24 months of $750 PMPM (P<0.001) among our
treated group compared with matched controls. This outcome
underscores the remarkable effectiveness of the WholeHealth+
program in reducing healthcare expenditures while improving patient
outcomes. It also adds results for Medicaid members in addition to
previously measured Medicare and Commercial member savings of $485
PMPM as part of Ontrak Health’s independently validated 2021
Treatment Effect Study.
Katie Lord, Vice President of Program Analytics and Outcomes at
Ontrak Health, emphasized the significance of these results,
stating, "Our commitment to evidence-based solutions and
data-driven insights has led to this encouraging result. The
statistically significant savings in all-cause medical costs for
Medicaid members enrolled in the WholeHealth+ program are a
continuation of positive results we saw in our Medicare and
Commercial members.”
The WholeHealth+ program, which was applied to Medicaid members
from a prominent existing health plan customer, is designed around
four fundamental steps:
- Identification: Medicaid members in need of specialized
care are identified using advanced data analytics and risk
assessment tools.
- Outreach: Once identified, members are proactively
engaged and offered personalized support to address their unique
health needs.
- Engagement: Evidence-based coaching interventions are
implemented, 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, CEO of Ontrak Health, affirmed the
effectiveness of the WholeHealth+ approach, stating, "These results
represent a validation of our commitment to delivering innovative
healthcare solutions that help improve the health and save the
lives of as many people as possible. We are immensely proud of the
impact the WholeHealth+ program has made, not only in improving the
well-being of Medicaid members, but also in reducing the financial
burden on the healthcare system. We look forward to the opportunity
to continue measuring additional results in the near future."
To learn more about Ontrak Health visit ontrakhealth.com
About Ontrak, Inc.
Ontrak, Inc. (NASDAQ: OTRK) is a leading AI and
telehealth-enabled 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/20231019636851/en/
Jaime Prieto jprieto@ontrakhealth.com
Ontrak (NASDAQ:OTRK)
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