Catasys’ Telehealth-Enabled OnTrak™ Programs See Surge in Enrollment and Engagement Amidst COVID-19 Pandemic
CATASYS (CATS)
Last catasys earnings: 3/12 04:05 pm
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Source: Business Wire
Customer Expansions Continue as Effective Outreach Pool Climbs to 145,000, Up 34% from Q4 2019 SANTA MONICA, Calif.--(BUSINESS WIRE)--Catasys, Inc. (NASDAQ: CATS) (“Catasys” or the “Company”), a leading AI-powered and telehealth-enabled, virtualized outpatient healthcare treatment company, today announced that the Company is surpassing a weekly rate of 500 member enrollments for the month of March. The Company historically averages approximately $6,500 net revenue per enrolled member. These members’ chronic medical conditions are being exacerbated by heightened anxiety, depression and substance use disorder.Mr. Terren Peizer, Chairman and CEO of Catasys, stated, “While operating improvements and continued customer expansions that grew the effective outreach pool 34% from Q4 2019 have contributed in part to Q1 and March record enrollments, we would expect to see an increasingly positive impact over the year. Our surging March enrollment and the halving of disenrollment rates to 4.9%
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