LOS ANGELES, CA--(Marketwire - May 15, 2012) - Catasys, Inc. (OTCBB: CATS) announced today that it has begun enrollment in its OnTrak™ integrated substance dependence program in Oklahoma for Coventry Health Care of Oklahoma. Eligible Coventry Health Plan members are covered under the OnTrak program, which includes medical and psychosocial interventions, as well as care coaching over 52 weeks. Catasys will receive a monthly fee for members enrolled in the OnTrak program.
"We are pleased to be expanding our operations to Coventry Health Care in Oklahoma," said Rick Anderson, Catasys' President and COO. "This implementation represents the third state in which we are providing services to Coventry Health Care and adds to the programs we are currently offering in Kansas, Louisiana and the two in Massachusetts for Fallon Community Health Plan and Reliant Medical Group. We recently announced that members enrolled in the OnTrak program were showing improvements in member health and initial medical cost reductions of more than 50% primarily through a 58% reduction in inpatient admissions and a 52% reduction in emergency room visits, while maintaining a program retention rate of 88%. We look forward to providing Coventry Health Care of Oklahoma similar cost savings through better clinical outcomes."
Catasys, Inc. provides specialized health management services to health plans, employers and unions through a network of licensed and company managed health care providers. The Catasys OnTrak program was designed to address substance dependence as a chronic disease. The program delivers integrated medical and psychosocial interventions in combination with long term care coaching in order to improve member health and thereby lower costs. For further information, please visit www.catasyshealth.com.
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, lack of outcomes and statistically significant formal research studies, difficulty enrolling members in our programs, the risk that treatment programs might not be effective, difficulty in developing, exploiting and protecting proprietary technologies and intense competition and substantial regulation in the health care industry. 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.