Ontrak, Inc. Overview
Pro stress-test →Ontrak, Inc. (OTRK) is a value-based behavioral healthcare company that used proprietary artificial intelligence (AI), predictive analytics, and engagement technology to improve clinical outcomes and reduce the total cost of care for health plans and other payors. As of mid-2025, SEC filings document significant financial and operational challenges, including the board's decision to cease operations, termination of employees, Nasdaq's determination to delist the stock, and the filing of Form 25 confirming removal from Nasdaq listing.
Strategic Profile
Pro stress-test →Through its Advanced Engagement System, the company identified individuals with conditions such as anxiety, depression, substance use disorder, and chronic disease, and worked to connect them with appropriate care pathways. Digital value-based care behavioral health provider Ontrak Inc. has ceased operations and will file for Chapter 7 bankruptcy.
Competitive Landscape
Pro stress-test →Prior to cessation, Ontrak competed in the AI-powered behavioral health management space against established health plan and healthcare system players offering mental health and substance abuse disorder programs. Main competitors included larger integrated health systems and specialized behavioral health companies with stronger capital positions and established payer relationships.
Industry Context
Ontrak, Inc. operates in AI-powered behavioral health management platforms.
Key facts
Founded: 2003 · Headquarters: Miami, Florida (relocated from Tustin, California) · Employees: 0 (operations ceased mid-2025) · Revenue: N/A · Market cap: $2.3M (April 2026)