Catasys Appoints Industry Executive Gus Giraldo to Board of Directors

Business Wire

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Catasys, Inc. (NASDAQ: CATS) (“Catasys” or the “Company”), a leading AI and technology-enabled healthcare company, today announced the appointment of Mr. Gustavo Giraldo to its Board of Directors, replacing Ms. Sharon Gabrielson. The number of Board members remains at seven.

Mr. Terren Peizer, Chairman and CEO of Catasys, stated, “We are pleased to welcome Gus to Catasys’ Board of Directors. As President of the largest independent managed care behavioral health organization, Gus brings an area of industry expertise that we currently lack on the Board, as well as over 20 years of leadership in the healthcare industry. We believe his strong track record of initiating, leading and growing domestic and global healthcare businesses; deep understanding of the dynamics of varied healthcare systems around the world, consumer marketing, product innovation and analytics; and extensive industry relationships will prove to be valuable additions to our Board as we continue to execute on our growth initiatives. We wish Sharon all the best and thank her for her substantial contributions to Catasys.”

Mr. Giraldo stated, “I am excited to join the Catasys Board and look forward to contributing my experiences in healthcare, clinical services and insurance to help drive the Company’s growth and innovation.”

Mr. Giraldo currently serves as President of Behavorial and Specialty Health at Magellan Health, Inc., a Fortune 500 healthcare company focused on special populations, complete pharmacy benefits and other specialty areas of healthcare. In this role, he is responsible for the strategic development and profitable growth of Magellan Healthcare’s health plan, employer, provider segments, state carve-out behavioral health and federal markets. Mr. Giraldo previously served as Chief Operating Officer for Chubb’s Latin American life, accident and health business and, prior to that, was at Cigna for 18 years, serving in various roles domestically and abroad.

About Catasys, Inc.
Catasys, Inc. is a leading AI and technology-enabled healthcare company whose mission is to help improve the health and save the lives of as many people as possible. Its Catasys PRE^TM (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages people who aren’t getting the care they need. By combining predictive analytics with human engagement, Catasys delivers improved member health and validated outcomes and savings to healthcare payers.

Catasys’ integrated, technology-enabled OnTrak solution, a critical component of the Catasys PRE platform, is designed to treat members with behavioral conditions that cause or exacerbate chronic medical conditions such as diabetes, hypertension, coronary artery disease, COPD, and congestive heart failure, which result in high medical costs.

Catasys has a unique ability to engage these members, who do not otherwise seek behavioral healthcare, leveraging proprietary enrollment capabilities built on deep insights into the drivers of care avoidance.

OnTrak integrates evidence-based psychosocial and medical interventions delivered either in-person or via telehealth, along with care coaching and in-market Community Care Coordinators who address the social and environmental determinants of health, including loneliness. The program improves member health and delivers validated cost savings to healthcare payers of more than 50 percent for enrolled members. OnTrak is available to members of leading national and regional health plans in 27 states.

Learn more at www.catasys.com.

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