Ontrak Health

Ontrak Health

AI-driven behavioral health care platform

Overview

Ontrak Health uses AI, predictive analytics, and digital tools to reach people with unaddressed behavioral health issues and chronic conditions, aiming to improve health outcomes and reduce costs for health plans and employers. Its platform blends technology with personal care, including visits with behavioral health providers and coaching, offering customized care paths to overcome barriers to care and teach self-management for conditions like anxiety, depression, and substance use disorders, especially when other chronic illnesses are present. It differentiates itself by combining scalable digital health tools with direct human care and targeting high-need populations to reduce emergency room visits and hospitalizations. The goal is to improve health outcomes while lowering costs for partners, delivering measurable results and a strong return on investment.

About Ontrak Health

Simplify's Rating
Why Ontrak Health is rated
D-
Rated D- on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

51-200

Company Stage

IPO

Headquarters

Santa Monica, California

Founded

2002

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Simplify's Take

What believers are saying

  • Acuitas Capital kept financing alive through June 2025, preserving operating runway briefly.
  • Community Care Plan and Sentara validated demand for Ontrak's behavioral-health workflow.
  • If Chapter 7 sells assets, the AI platform and payer contracts retain residual value.

What critics are saying

  • Ontrak ceased operations July 31, 2025, terminated all employees, and entered Chapter 7.
  • A July 2, 2025 prospect withdrawal destroyed the sales pipeline and funding assumptions.
  • Nasdaq delisted OTRK in August 2025; liquidation risks extinguish equity and hiring prospects.

What makes Ontrak Health unique

  • Ontrak built AI-driven outreach for hard-to-reach behavioral-health patients with chronic comorbidities.
  • Its value-based model tied coaching, clinicians, and claims data to measurable cost reduction.
  • The platform targeted Medicaid and Medicare Advantage populations underserved by traditional telehealth vendors.

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Funding

Total Funding

$73.6M

Above

Industry Average

Funded Over

9 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Phone/Internet Stipend

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

24%

1 year growth

-5%

2 year growth

-2%
TipRanks
Jul 7th, 2025
Ontrak Completes $3.24 Million Public Offering - TipRanks.com

The latest update is out from Ontrak ( ($OTRK) ). On June 30, 2025, Ontrak, Inc. completed a public offering of common stock and warrants, raising approximately $3....

Business Wire
Jun 30th, 2025
Ontrak Health Announces Pricing of $4 Million Public Offering

Ontrak, Inc. (NASDAQ: OTRK), a leading value-based behavioral healthcare company powered by proprietary AI and engagement technology, today announced the pri...

bdtonline.com
Jun 27th, 2025
Ontrak Health Announces Pricing of $4 Million Public Offering

Ontrak Health announces pricing of $4 million public offering.

bdtonline.com
Jun 24th, 2025
Ontrak Health Announces Expansion of Engage Solution for Sentara Health Plans Self-funded Employer Customers

Ontrak, Inc. (NASDAQ: OTRK), a leading value-based behavioral healthcare company powered by proprietary AI and engagement technology, today announced an expanded partnership with Sentara Health Plans to offer Ontrak's Engage Solution to employer sponsored customers in the Commonwealth of Virginia.

Business Wire
May 21st, 2025
Ontrak Secures Financing Commitment to Fuel Growth and Innovation

Ontrak, Inc. (NASDAQ: OTRK), a leading value-based behavioral healthcare company powered by proprietary AI and engagement technology, announced it has secure...

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