LOS ANGELES, Nov. 24, 2015 /PRNewswire/ -- Catasys, Inc. (OTCQB: CATS), a provider of proprietary big-data based analytics and predictive modeling driven health management services for health plans, announced today that it has signed a national agreement with Humana Behavioral Health to combine its substance abuse care management with Humana clinical programs to address the needs of members experiencing substance abuse challenges. Humana Behavioral Health is a subsidiary of Humana Inc.
Catasys currently provides its OnTrak-h Program to Humana members in Florida, Kentucky and West Virginia. This agreement covers Humana Medicare and Commercial members in all 50 states, Washington DC and Puerto Rico. Roll out to the first states is expected to begin in the fourth quarter of 2015.
"We are pleased to have this opportunity to expand our relationship and provide assistance to Humana members in need," said Rick Anderson, Catasys President and COO. "We have built a solid track record of generating improved health for patients who battle with both behavioral health and medical conditions."
"Catasys has an analytically driven and comprehensive outreach program for members experiencing negative consequences from substance abuse," said Gregory Bayer, Ph.D., Vice President of Humana Behavioral Health. "Humana has found that the program has been beneficial for our members, supporting their efforts to improve their health and well-being."
The OnTrak program is designed to improve patient health for individuals with behavioral health conditions that exacerbate co-existing medical conditions, resulting in lower costs to the insurer.
Catasys currently operates programs in Florida, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, New Jersey, Oklahoma, West Virginia and Wisconsin.
About Catasys, Inc.
Catasys, Inc. provides big data based analytics and predictive modeling driven behavioral healthcare services to health plans and their members through its OnTrak program. Catasys' OnTrak program--contracted with a growing number of health insurers--is designed to improve member health and, at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The program utilizes proprietary analytics and proprietary enrollment, engagement and behavioral modification capabilities to assist members who otherwise do not seek care through a patient-centric treatment that integrates evidence-based medical and psychosocial interventions along with care coaching in a 52-week outpatient program. OnTrak is currently improving member health and, at the same time, is demonstrating reduced inpatient and emergency room utilization, driving a more than 50 percent reduction in total health insurers' costs for enrolled members. Catasys currently operates OnTrak in Florida, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, New Jersey, Oklahoma, West Virginia and Wisconsin. For further information, please visit catasys.com.
About Humana Behavioral Health
Humana Behavioral Health is committed to changing health behaviors to improve lives. We take a holistic, integrated, mind-and-body approach – treating both the physical and mental aspects of health conditions together - to address the whole person, encouraging faster recovery and improving clinical outcomes while lowering the overall costs of health care.
Humana Behavioral Health is a wholly owned subsidiary of Humana Inc. (NYSE: HUM). More information about Humana Behavioral Health's products and services is available at www.humanabehavioralhealth.com.
About Humana
Humana Inc., headquartered in Louisville, Ky., is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care. The company's strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people we serve across the country.
More information regarding Humana is available to investors via the Investor Relations page of the company's web site at www.humana.com, including copies of:
- Annual reports to stockholders;
- Securities and Exchange Commission filings;
- Most recent investor conference presentations;
- Quarterly earnings news releases;
- Replays of most recent earnings release conference calls;
- Calendar of events; and
- Corporate Governance information.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond our control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, changes in regulations or issuance of new regulations or interpretations, limited operating history, our inability to execute our business plan, increase our revenue and achieve profitability, lower than anticipated eligible members under our contracts, our inability to recognize revenue, lack of outcomes and statistically significant formal research studies, difficulty enrolling new and maintain existing members in our programs, the risk that treatment programs might not be effective, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and substantial regulation in the health care industry, the risks associated with the adequacy of our existing cash resources and our ability to continue as a going concern, our ability to raise additional capital when needed and our liquidity. You are urged to consider statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plan," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words other comparable words to be uncertain and forward-looking. For a further list and description of the risks and uncertainties we face, please refer to our most recent Securities and Exchange Commission filings which are available on its website at http://www.sec.gov. Such forward-looking statements are current only as of the date they are made, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Catasys, Inc.
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