Health & Fitness
Health and Fitness
Health and Fitness
Wed, May 25, 2011Tue, May 24, 2011Mon, May 23, 2011Sun, May 22, 2011Fri, May 20, 2011Thu, May 19, 2011Wed, May 18, 2011Tue, May 17, 2011Mon, May 16, 2011Sun, May 15, 2011Fri, May 13, 2011Thu, May 12, 2011Wed, May 11, 2011Tue, May 10, 2011Mon, May 9, 2011Sun, May 8, 2011Sat, May 7, 2011Fri, May 6, 2011Thu, May 5, 2011Wed, May 4, 2011Tue, May 3, 2011Mon, May 2, 2011Fri, April 29, 2011Thu, April 28, 2011Wed, April 27, 2011Tue, April 26, 2011Catasys Launches Its Integrated Substance Dependence Program in Nevada
Published in Health and Fitness on Wednesday, May 11th 2011 at 5:41 GMT by Market Wire
LOS ANGELES--([ BUSINESS WIRE ])--Catasys, Inc. (OTCBB:CATS) announced today that it has launched and begun enrollment for its integrated substance dependence program, called OnTraka", in Nevada. Eligible health plan members affected by substance dependence will be covered under Catasysa™ OnTrak program, which includes medical and psychosocial interventions, as well as a care coaching component over a 52-week period. Catasys will receive monthly fees for members enrolled in the OnTrakprogram.
"This launch represents a significant milestone as it is the Companya™s first completed health plan program implementation. We look forward to launching additional previously announced contracts in the second quarter and to engaging new clients from our sales and marketing pipeline during the remainder of the year."
aWe are pleased to commence our OnTrak program in Nevada. We expect enrollment and revenue to begin this quarter and to grow throughout the year,a said Rick Anderson, Catasysa™s President and COO. aThis launch represents a significant milestone as it is the Companya™s first completed health plan program implementation. We look forward to launching additional previously announced contracts in the second quarter and to engaging new clients from our sales and marketing pipeline during the remainder of the year.a
About Catasys®
Catasys, Inc. provides specialized behavioral health management services to health plans, employers and unions through a network of licensed and company managed health care providers. The Catasys substance dependence program was designed to address substance dependence as a chronic disease. The program seeks to lower costs and improve member health through the delivery of integrated medical and psychosocial interventions in combination with long term care coaching, including their proprietary treatment program for alcoholism and stimulant dependence. For further information, please visit [ www.catasyshealth.com ].
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 the company's 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 and 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, intense competition and substantial regulation in the health care industry, and additional risks factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission website at [ http://www.sec.gov ].
