Ontrak Health Achieves $750 Per Member Per Month Cost Savings For Prominent Health Plan's Medicaid Members With WholeHealth+ Program
Portfolio Pulse from Benzinga Newsdesk
Ontrak Health (NASDAQ:OTRK) has announced the results of an evaluation of its WholeHealth+ program, which showed significant savings of $750 per member per month (PMPM) for Medicaid members of a prominent health plan customer. This is in addition to previously measured savings of $485 PMPM for Medicare and Commercial members. The program uses AI and telehealth to identify and support Medicaid members in need of specialized care.
October 19, 2023 | 12:13 pm
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Ontrak Health's WholeHealth+ program has shown significant cost savings for Medicaid members, which could lead to increased demand for the company's services.
The significant cost savings demonstrated by Ontrak Health's WholeHealth+ program could make it more attractive to health plan customers, potentially leading to increased demand for the company's services. This could have a positive impact on the company's revenues and stock price in the short term.
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