Ontrak Stock Is Up More Than 100% Today: What's Going On?

Ontrak Inc OTRK shares are trading significantly higher Wednesday after the company announced new data showing a reduction in depression and anxiety symptoms for Ontrak Health's Wholehealth+ program members.

What To Know: In June 2022, Ontrak implemented the PHQ-9 (a measure of depression severity) and GAD-7 (a measure of anxiety severity) assessments as foundational measurements of its innovative care coaching model and evidence-based Wholehealth+ program.

After six months, Ontrak said 30% of members sustained a clinically significant reduction in anxiety symptoms and 55% sustained a clinically significant reduction of depressive symptoms. 

Related Link: Ontrak Shares Double As Data Shows Reduction in Depression, Anxiety Symptoms For Its Program Members

"Providing enrollees with access to and interpretation of their assessment scores over time helps members better identify targeted mental health concerns, leading to greater involvement in their treatment outcomes," said Judith Feld, chief medical officer of Ontrak.

Ontrak is an AI-powered and telehealth-enabled healthcare company. 

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OTRK Price Action: Ontrak shares were halted for volatility multiple times Wednesday morning.

The stock was up 108.7% at $1.20 at time of publication, according to Benzinga Pro.

Photo: Tumisu from Pixabay.