Ontrak, Inc. announced that current CEO, Mr. Terren Peizer was named Executive Chairman effective upon Mr. Mayhew's employment Commencement Date and will continue to serve as Chairman of the Ontrak Board and remains majority shareholder. On April 7, 2021, Curt Medeiros, the Company’s President and Chief Operating Officer, announced his resignation effective June 4, 2021 in order to pursue other opportunities. Mr. Medeiros will no longer be performing day-to-day operational management duties beginning on April 12, 2021, but instead will focus on working with Mr. Mayhew on operational transition matters. Beginning April 12, 2021, Mr. Medeiros will also no longer be required to dedicate his full time and effort to the Company’s business.
Ontrak, Inc. is an artificial intelligence (AI) and telehealth-enabled healthcare company. The Company 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. It engages individuals with anxiety, depression, substance-use disorders 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. Its technology-enabled platform utilizes claim-based analytics and predictive modeling to provide analytic insights throughout the delivery of its personalized care program. The Company integrates evidence-based psychosocial and medical interventions delivered either in-person or via telehealth, along with care coaches.