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Ontrak
Ontrak is a digital health firm using AI to identify and treat members with chronic conditions and behavioral health needs, operating from Santa Monica.
Ontrak
Ontrak was founded with a focus on technology-enabled behavioral healthcare solutions that address gaps in traditional managed care. The company's platform uses predictive analytics to identify health plan members likely to benefit from intervention, then connects them with licensed counselors and care coaches. Ontrak contracts primarily with health insurance companies and self-insured employers, generating revenue through per-member-per-month fees and outcomes-based payments. Ontrak's intervention design targets a Medicaid and commercially-insured population with co-morbid chronic conditions such as diabetes, hypertension, and coronary artery disease alongside behavioral health diagnoses. The company's published clinical research, including randomized controlled trials, indicates engagement rates around 70–80% in target populations and measurable reductions in emergency-department utilization and hospital admissions. These claims are supported by outcomes reported in peer-reviewed journals and company announcements. The company operates from a single headquarters in Santa Monica, California, and as a publicly traded entity (NASDAQ: OTRK), it files quarterly financial disclosures. As of mid-2023, Ontrak faced headwinds including customer churn and revenue declines, prompting a strategic shift toward live-person engagement over automated outreach. In 2024, the company reported restructuring efforts and new partnership agreements with regional health plans. A structural differentiator of Ontrak is its use of an integrated care model that combines evidence-based telephonic and video coaching, addressing both the physical and behavioral aspects of chronic disease simultaneously. This stands in contrast to siloed programs that treat mental and physical health separately. The company also maintains a data-driven feedback loop to continuously refine its population-selection algorithms.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Santa Monica
Corporate office
Santa Monica, CA, United States
Sector focus
Frequently asked questions
Who runs investment decisions at Ontrak?
Ontrak is a publicly traded company (NASDAQ: OTRK), so investment decisions are overseen by its board of directors and executive team. As of 2024, the CEO is Brandon H. LaVerne, and the CFO is Matthew Worminger. The board includes representatives from institutional investors and healthcare industry executives.
How does Ontrak source proprietary deal flow?
Ontrak is not a private equity or venture capital firm; it is an operating company that generates revenue through contracts with health plans and employers. Its 'deal flow' is essentially its sales pipeline, which is built through direct outreach to managed-care organizations and responses to requests for proposals (RFPs). The company markets its outcomes data to potential customers rather than sourcing investments.
Is Ontrak structured as a family office or does it operate more like a venture firm?
Ontrak is neither a family office nor a venture firm. It is a publicly traded healthcare company that delivers virtual behavioral health treatment. Its capital structure is corporate—financed through equity and debt raises rather than an endowment style. The firm does not manage external investor capital in a typical asset-management sense.
Does Ontrak participate in fund commitments or only direct deals?
Ontrak does not participate in fund commitments or direct deals as an investment manager. The company itself is an operating business that has been financed by public equity and convertible notes. There is no evidence of Ontrak making investments in other funds or companies as part of its balance sheet management.
What investment stages does Ontrak typically target?
Ontrak does not target investment stages. It is a healthcare services company that targets specific patient populations for clinical intervention. It is not a private equity, venture capital, or hedge fund that allocates capital to external managers or companies. The question does not apply to the firm's business model.
Which sectors does Ontrak explicitly avoid?
Ontrak's focus is limited to healthcare—specifically behavioral health integrated with chronic disease management. It does not operate in financial services, technology, real estate, or any other sector outside of healthcare delivery. The company has not publicly stated any explicit avoidance list beyond its core focus.
How is Ontrak related to its former parent or related vehicles?
Ontrak was previously known as Apollo Medical Holdings (ApolloMed) before spinning out its behavioral health division. In 2021, ApolloMed completed the spin-off of Ontrak as a separate publicly traded company. The two entities are now independent, though they share some historical roots. There is no current ownership or governance overlap.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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