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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Earnings data Q4 2024

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.

LOS ANGELES--(BUSINESS WIRE)---- $OSCR #CLASSACTION--Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Oscar Health, Inc. (OSCR) on Behalf of Investors

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Oscar Health, Inc. (OSCR) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)---- $OSCR #CLASSACTION--Law Offices of Howard G. Smith announces an investigation on behalf of Oscar Health, Inc. (“Oscar” or the “Company”) (NYSE: OSCR) investors concerning the Company's possible violations of federal securities laws. Oscar provides health insurance products and services to individuals, families, and businesses in the United States. The company was formerly known as Mulberry Health Inc. and changed its name to “Oscar Health, Inc.” in January 2021. On March 3, 2021, Os

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Oscar Health, Inc. (OSCR) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $OSCR #investors--The Law Offices of Frank R. Cruz Announces Investigation of Oscar Health, Inc. (OSCR) on Behalf of Investors

The Law Offices of Frank R. Cruz Announces Investigation of Oscar Health, Inc. (OSCR) on Behalf of Investors

NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Oscar Health, Inc. (NYSE: OSCR) on behalf of Oscar Health stockholders. Our investigation concerns whether Oscar Health has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. Oscar provides health insurance products and services to individuals, families, and busin

OSCAR HEALTH ALERT: Bragar Eagel & Squire, P.C. is Investigating Oscar Health, Inc. on Behalf of Oscar Health Stockholders and Encourages Investors to Contact the Firm

SAN DIEGO, June 8, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Oscar Health, Inc. (NYSE: OSCR) ("Oscar" or the "Company") for violations of federal securities laws. On or about March 3, 2021, Oscar sold about 37 million shares of stock in its initial public stock offering (the "IPO") at $39.00 a share, raising nearly $1.4 billion in new capital.

OSCR Alert: Johnson Fistel Launches Investigation into OscarHealth; Investors Suffering Losses Encouraged to Contact the Firm

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 Goldman Sachs 42nd Annual Global Healthcare Conference on Tuesday June 8, 2021. Oscar is expected to present at approximately 9:40 AM ET through a virtual webcast. A live webcast of the presentation will be available on Oscar's investor relations site (ir.hioscar.com) under t

Oscar Health, Inc. Announces Presence at the Goldman Sachs 42nd Annual Global Healthcare 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 the first grantees for its Culturally Competent Care Grant program, which in its inaugural year offers a total of $200,000 in financial support to organizations that are increasing access to care to underserved populations. Culturally competent care means providing care to patients with diverse values, beliefs and behaviors, includin

Oscar Health, Inc. Announces Inaugural Culturally Competent Care Grantees

Cigna

PHOENIX & NEW YORK--(BUSINESS WIRE)--Cigna (NYSE: CI), a global health service company, and Oscar Health, Inc. (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today announced that Cigna Administered by Oscar1 small group health insurance will be available to Arizona employers across Apache, Cochise, Coconino, Gila, Graham, Greenlee, La Paz, Maricopa, Mohave, Navajo, Pima, Pinal, Santa Cruz, Yavapai, and Yuma counties starting July 1, 2021. “This pande

Cigna Administered by Oscar Expands Affordable, Innovative Health Plans for Small Businesses in Arizona

Oscar Health's (OSCR) CEO Mario Schlosser on Q1 2021 Results - Earnings Call Transcript

Oscar Health Inc. stock rose nearly 3% late Thursday after the digital health-insurance company reported its first results as a public company, missing Wall Street expectations but showing more subscribers than expected. Oscar said it lost $87.4 million, or 98 cents a share, in the first quarter, compared with a loss of $96.9 million, or $3.36 a share, in the year-ago quarter.

Oscar Health stock gains after first results as public company

NEW YORK--(BUSINESS WIRE)--Health insure-tech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the three months ended March 31, 2021. “Our first quarter results show that our model is delivering value to the market, our provider partners and to our members,” said Mario Schlosser, CEO and Co-Founder of Oscar. “We achieved very attractive first quarter growth, while simultaneously lowering our medical loss ratio and administrative cost ratio year-over-year. This t

Oscar Health Announces Results for First Quarter 2021

There's definitely room for someone in the healthcare market who can deliver lower prices and an improved service, and Oscar Health may be that someone. But investors appear to realize that there are no easy riches to be made by using technology to innovate in the healthcare industry.

Oscar Health's Uncertain Financial Future

BLOOMFIELD, Conn. & NEW YORK--(BUSINESS WIRE)--Cigna (NYSE: CI), a global health service company, and Oscar Health, Inc. (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today announced that Cigna + Oscar1 small business health insurance will be available to Connecticut employers starting July 1, 2021. “Connecticut's small businesses need more choice and value in their health care coverage options, and that is what we will offer them and their employee

Cigna + Oscar Launches New Plans to Expand Affordable Coverage for Connecticut Small Businesses

InsurTech Oscar Health is launching +Oscar, a “tech-driven platform business designed to help healthcare clients drive improved efficiency, growth and superior engagement with their members and patients.” An InsurTech aims, through the use of technology, to disrupt the health insurance industry.

Joshua Kushner's Oscar Health Launches ‘Tech-Driven Platform' After IPO

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE:OSCR), the first health insurance company built around a full stack technology platform, today announced the launch of +Oscar, Oscar's tech-driven platform business designed to help healthcare clients drive improved efficiency, growth and superior engagement with their members and patients. “We have built Oscar from day one with an eye toward using our technology to power as much of the healthcare ecosystem as possible,” said Mario S

Oscar Health, Inc. Launches +Oscar to Power the Healthcare Ecosystem through Platform-based Partnerships

Will this customer-first health insurer lead investors to riches or ruin?

Is Oscar Health a Buy?

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today announced that Dr. Okiki Louis will become President of Oscar Medical Group (OMG), effective April 26, 2021. OMG is a collection of physician-owned practices and offers high-quality, compassionate and patient-centered care. OMG physicians and nurse practitioners provide virtual urgent care and virtual primary care services to members. “Dr. Lou

Oscar Announces New President of Oscar Medical Group, Releases Early Data on Virtual Primary Care

NEW YORK--(BUSINESS WIRE)--Cigna, a leading global health service company, and Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today announced that Cigna + Oscar1 small business health insurance will be available in the Bay Area, Central Coast, Greater Sacramento, Inland Empire, Los Angeles, Orange County, North Bay, and San Diego regions. “Small businesses are the heart of the economy, and of their local communities. Now

Cigna + Oscar Expands Small Businesses' Access to Affordable Health Plans in California

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE:OSCR), the first health insurance company built around a full stack technology platform, will release its first quarter results after market on Thursday, May 13, 2021. Management will review these results in a conference call beginning at 5:00 PM (ET). The conference call will be available on a live Internet webcast at www.ir.hioscar.com. Please note that this feature will be audio-only. The call will be archived and available on Osc

Oscar Health, Inc. First Quarterly 2021 Earnings Conference Call

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Analysts at Goldman Sachs are out with four new Buy recommendations on companies in the oil, biotech and health care businesses.

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The valuation metric assigned to the company will determine whether the health insurer is really on sale.

Is Oscar Heath's IPO Flop a Buying Opportunity?

Oscar Health has gone public, and despite being a potential disruptor, investors are not convinced this is the right play at the right valuation. While disruption is to be liked, I have real concerns if the company can pull it off as the reported losses are quite steep.

Oscar Health: Not A Price Winner Yet

Hello, Today in healthcare news: Oscar fell in its stock-market debut, inside DispatchHealth's latest (short!) pitch deck that it used to reach a $1.7 billion valuation, and the data is in on how vaccine work outside clinical trials.

Oscar fell in its stock-market debut

Oscar Health (OSCR) stock is taking a beating on Wednesday as its shares start trading for the first time publicly with its IPO. The post Oscar Health IPO: 14 Things for Potential OSCR Stock Investors to Know appeared first on InvestorPlace.

Oscar Health IPO: 14 Things for Potential OSCR Stock Investors to Know

Oscar Health fell as much as 9% in its IPO trading debut on Wednesday, giving it a valuation of about $9 billion. Oscar had priced its IPO at $39 per share, selling 37 million shares $1 higher than its previously targeted offering range of $36-$38. Oscar had originally planned to sell 31 million shares at a price between $32-$34 in its initial IPO filings. The firm raised $1.4 billion in proceeds from the offering.

News for Oscar Health Stock (OSCR)