Oscar Health

Oscar Health, Inc. operates as a health insurance company which serves its customers through a technology platform. It offers individual and family, small group and medicare advantage plans and technology platform to others within the provider and payor space. The company was founded by Mario Tobias Schlosser, Kevin Nazemi and Joshua Kushner on October 25, 2012 and is headquartered in New York, NY.

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Oscar Health reports robust growth and profitability outlook for 2023

Oscar Health's 2022 performance showcased strong growth in membership, improved financial ratios, and a focus on efficiency and profitability in the insurance business.
The company's strengths lie in exceeding targets for capital, stable premiums, and leveraging investment income for competitive advantage.
Challenges include financial transparency and managing risk pool dynamics, while opportunities exist in market expansion, PBM contract benefits, and margin expansion strategies.
Overall, Oscar Health's strategic focus on growth, efficiency, and profitability positions it well for future success in the insurance market.

Oscar Health achieves Q1 profitability, focuses on tech innovation

Oscar Health's Q1 2023 earnings call highlighted strong financial performance, operational efficiency, and a strategic focus on profitability priorities.
While facing challenges such as reshaping strategies and market-specific dynamics, the company is well-positioned to leverage opportunities for growth and innovation.
With a mission-driven approach, a growing member base, and a commitment to enhancing technology, Oscar Health aims to sustain profitability and market competitiveness.

Oscar Health reports strong Q2 earnings, eyes growth opportunities

Oscar Health's Q2 performance reflects positive trends in profitability, membership growth, and strategic planning for future expansion.
While facing challenges in pricing strategies and achieving profitability targets, the company is well-positioned to capitalize on growth opportunities.
With a focus on innovation, customer satisfaction, and market expansion, Oscar Health aims to strengthen its competitive position in the healthcare industry.

Oscar Health excels in Q3, eyes profitability in 2024

Oscar Health's Q3 2023 earnings call highlighted strong performance metrics, a focus on profitability in 2024, and strategic initiatives to drive growth and enhance member satisfaction. While facing challenges in narrowing EBITDA losses, the company remains optimistic about its trajectory and expressed confidence in its strategic direction and employee dedication.

Oscar Health achieves insurance profitability, eyes growth amid market changes

Oscar Health's Q4 2023 Earnings Call highlighted achievements in insurance company profitability and significant improvements in total company adjusted EBITDA.
The company is well-positioned for profitability in 2024, focusing on serving over 1.3 million members with new products and technology enhancements.
Challenges include navigating potential market dynamics changes due to ACA subsidy adjustments, but Oscar Health is proactively addressing these concerns.

Oscar Health posts record revenue and profitability, eyes market expansion

Oscar Health delivered robust Q1 results, showcasing strong revenue growth, improved profitability, and strategic market expansion initiatives.
Despite facing challenges in achieving total company adjusted EBITDA profitability, the company's financial stability and growth prospects remain promising.
With a focus on operational efficiency and long-term strategic vision, Oscar Health is well-positioned to capitalize on market opportunities and drive sustained growth.

Oscar Health reports strong Q2 results, eyes growth through technology

Oscar Health's Q2 2024 earnings call showcased robust financial performance, driven by revenue growth and improved EBITDA. The company's membership expansion and strategic focus on technology-driven engagement are key strengths. Challenges include policy uncertainties and meeting raised guidance, while opportunities exist in market resonance and technological advancements.

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Oscar Health, Inc. is a health insurance company, which serves its customers through a technology platform. It offers individual and family, small group and medicare advantage plans, and technology platform to others within the provider and payor space. The company was founded by Mario Tobias Schlosser, Kevin Nazemi, and Joshua Kushner on October 25, 2012 and is headquartered in New York, NY.

Harvard Business School classmates Josh Kushner, Mario Schlosser, and Kevin Nazemi decide to start a company to demystify health insurance.

Oscar, named after Kushner's great grandfather, raises $51.5 million through Series A, AA, and AAA funding from Gary Vaynerchuk, Dave Gilboa, Khosla Ventures, Lerer Ventures, General Catalyst Thrive Capital, Founders Fund, Kal Vepuri, BoxGroup and more, with a pre-money valuation of $70 million.

Series A4 funding drops a nice $30 million from investors into Oscar's wallet, bumping its valuation to $310 million.

Oscar secures $80 million in Series A5 funding, mostly from Formation 8. Pre-money valuation reaches $500 million.

Nearly 150,000 members call themselves Oscar-insured across four states alone (NY, NJ, CA, & TX).

Oscar's member services team sets up camp in Tempe, Ariz.

Mount Sinai Health System partners to open the Oscar Center, offering primary care, mental health, and wellness services to members—sort of like a fancy urgent care. 😎

Oscar offers coverage to New York small businesses for their employees. 

The Cleveland Clinic collab drops in the Midwest market to cover individuals across northeastern Ohio. 

Oscar expands to new regions, including Tennessee, Ohio, Texas, New Jersey, and California.

Hey, y’all: A partnership with Humana helps Oscar cover small businesses up to 50 employees in Nashville, Tenn.

Series G round nets Oscar $165 million in funding, zooming the estimated value to a whopping $3.2 billion.

Alphabet (parent company to Google) decides to invest, cutting Oscar a check for $375 million.

The "Cigna + Oscar" collab brings together Cigna's vast network to Oscar's member-focused experience for small businesses. 

Gary Vaynerchuk and Khosla Ventures go for round 2, but this time, a sweet $225 million with the help of Builders VC.

Tiger Global Management invests $140 million in Oscar, as the company's member count exceeds 400,000.

Oscar begins trading on the New York Stock Exchange under the ticker $OSCR.

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, will host a virtual investor day conference on Friday, March 25, 2022. Management will present to investors in a conference call beginning at 9:00 AM ET. Members of Oscar's management team will discuss Oscar's 2021 performance, vision, strategic plans, guidance for expected fiscal 2022 financial performance, long-term growth targets, and the levers

Oscar Health, Inc. 2022 Virtual Investor Day Conference

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today announced Co-Founder & CEO, Mario Schlosser, will present at the Cowen 42nd Annual Health Care Conference on Wednesday, March 9, 2022. Oscar is expected to present at approximately 9:50 AM ET through a virtual webcast. The webcast link is as follows: Webcast Link The call will be archived and available on Oscar's investor relations website

Oscar Health, Inc. Announces Presence at the Cowen 42nd Annual Health Care Conference

Oscar Health Inc. (OSCR) CEO Mario Schlosser on Q4 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Health insurtech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the fourth quarter and year ended December 31, 2021. “We had a strong performance in Q421 and are pleased to have met or exceeded all of our expectations across key metrics, including Medical Loss Ratio and EBITDA” said Mario Schlosser, CEO and Co-Founder of Oscar. “Our historic growth during Open Enrollment signifies that our tech-enabled member-centric strategy and bra

Oscar Health Announces Results for Fourth Quarter and Full Year 2021

MIAMI--(BUSINESS WIRE)--Centrum Health, a high-performing primary care group and Oscar Health (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced a collaboration that will expand access for Oscar's Individual & Family plan members in Miami-Dade County. Oscar Health members can access Centrum Health Clinics at the following locations: 7200 NW 7th St., Ste 150 Miami, FL 33126 7200 NW 7th St, Ste 202-204 Miami, FL 33126 900 W 49th St., Ste 101

Centrum Health and Oscar Health Announce Collaboration in Miami-Dade County to Expand Access to Quality and Affordable Care for Oscar Members

Oscar Health Inc (NYSE: OSCR) said its 2022 enrollment will top one million members, and the company will reap more than $6.1 billion in premium revenue. Oscar, which will release Q4 FY21 and FY21 earnings on February 10, said preliminary results indicate a 2021 loss of $(571,426).

Obamacare Provider Oscar Health Expects FY22 Premiums To Top $6B On Strong Enrollment

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar” or the “Company”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today issued 2022 guidance reflecting significant growth for its business with premiums expected to increase more than 80% YoY at the midpoint. In conjunction with guidance, the Company also announced a $305 million convertible notes transaction to strengthen the balance sheet and provide strong liquidity to support the growth of th

Oscar Health Delivers Historic Growth, Issues Guidance for 2022 of More Than $6B in Premiums

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced today that members now have access to its enhanced Cost Estimator Tool as part of an ongoing effort to drive more transparency around medical costs. With this latest product launch, members1 will have access to an improved tool, with better overall performance as well as increased options for engagement. This updated functionality empowers

Oscar Health, Inc. Announces Enhanced Cost Estimator Tool, Improving Cost Transparency for More Members

SAN FRANCISCO & LOS ANGELES--(BUSINESS WIRE)--Oscar Health Plan of California recently discovered an incident involving the personal information of a subset of our Members. On or about 11/23/2021, Oscar discovered that a mailing intended for some of our Members from Oscar may have been misrouted to another Oscar Member in error due to a vendor printing issue. We believe this incident occurred between 10/28/2021 and 11/16/2021. Some of the following information may have been viewed by another Os

Oscar Health Plan of California Notice of Data Breach

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced today that it has hired Ranmali Bopitiya as its new Chief Legal Officer, effective January 31, 2022. Ranmali will serve on Oscar's leadership team and will report to Chief Executive Officer and co-founder, Mario Schlosser. “Having spent close to two decades in healthcare, Ranmali brings a depth of experience that will support our work at O

Ranmali Bopitiya Joins Oscar Health as Chief Legal Officer

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, will release its 2021 fourth quarter and full year 2021 financial results after market on Thursday, February 10, 2022. Management will review these results in a conference call beginning at 5:00 PM (ET). The call-in number and webcast link are as follows: Live Call: (833) 979-2864 Conference ID: 1469889 Webcast Link The call will be archived and ava

Oscar Health, Inc. 2021 Fourth Quarter and Full Year Earnings Conference Call

SAN FRANCISCO--(BUSINESS WIRE)-- #ACA--Allstate's National General Insurance is providing its agents and Quotit users access to Stride's Enhanced Direct Enrollment (EDE) technology.

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NEW YORK & PHILADELPHIA--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced today that, effective immediately, Temple Health will be in-network for its members, further expanding Oscar's footprint in the Philadelphia-area. Temple Health, one of the area's leading health systems, is comprised of Temple University Hospital (TUH)-Main Campus, TUH-Jeanes Campus, TUH-Northeastern Campus, TUH-Episcopal Ca

Oscar Health Announces Temple Health Is Now In-Network, Expanding Access To Health Insurance and Care in Pennsylvania

New York, New York--(Newsfile Corp. - November 28, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Oscar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Oscar Health, Inc. - OSCR

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform today announced a partnership with Stride Health, the leader in portable benefits technology. Oscar will offer a fully-integrated enrollment experience powered by the Stride for Health Plans enrollment platform on the Oscar website. With this new, best-in-class experience, Shoppers can now seamlessly enroll in Affordable Care Act Individual & Fam

Oscar Health, Inc. Announces Partnership with Stride Health to Provide Best-In-Class Enrollment Experience for Members and Brokers

NEW YORK & ATLANTA--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, and Emory Healthcare, the most extensive health care system in Georgia, announced a collaboration to offer technology-connected health insurance and care at more than 250 provider locations in Georgia beginning 2022. This new collaboration brings an additional insurance coverage option to Georgians seeking care at Emory Healthcare in metro

Oscar and Emory Healthcare Announce Collaboration to Offer Affordable Health Insurance, Care and Innovation

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Oscar Health's (OSCR) CEO Mario Schlosser on Q3 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Health insurtech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the third quarter ended September 30, 2021. "Oscar saw meaningful growth across its insurance business in the third quarter, and we experienced volatility on our Medical Loss Ratio as short term pressures from COVID, Special Enrollment Period (“SEP”) membership growth and prior year risk adjustments created headwinds in the quarter,” said Mario Schlosser, CEO and Co-Foun

Oscar Health Announces Results for Third Quarter 2021

NEW YORK & SAN ANTONIO--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced today that it's partnering with HCA Healthcare across five Texas markets. This partnership will bring HCA Healthcare's providers and facilities in-network for Oscar's Individual and Family health insurance plans in Austin, Dallas-Fort Worth, El Paso, Houston, and San Antonio effective immediately. Now, individuals in all five

Oscar Announces Partnership with HCA Healthcare to Offer Affordable Health Insurance and Care Across Texas

NEW YORK & HOUSTON--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced today that Memorial Hermann Health System will now be in-network for its members, further expanding the network of leading providers available to individuals enrolled in Oscar's Houston Choice health insurance plans beginning in 2022. Houston-area individuals will gain access to leading employed and affiliated providers with Memo

Oscar Announces Memorial Hermann Health System Is Now In-Network, Expanding Oscar's Ability to Offer Affordable Health Insurance and Care

NEW YORK & DENVER--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced partnerships with three Colorado health systems: UCHealth, University of Colorado Medicine, and Children's Hospital Colorado. The anticipated goal of these partnerships is to offer Oscar Individual and Family health insurance plans across Colorado beginning 2022, pending regulatory approval. Plans will be available this Open Enrol

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