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.

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

Oscar Partners with Colorado Health Systems to Offer Affordable Health Insurance and Care

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 third quarter results after market on Wednesday, November 10, 2021. 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: 3838797 Webcast Link The call will be archived and available on Oscar's investor relatio

Oscar Health, Inc. Third Quarterly 2021 Earnings Conference Call

The digital health insurance company is growing, but its loss is widening.

Why Oscar Health Stock Lost 11% in September

NEW YORK & CHICAGO--(BUSINESS WIRE)--Please replace the release dated September 30, 2021 with the following corrected version due to multiple revisions. The updated release reads: OSCAR ANNOUNCES PARTNERSHIPS WITH LEADING CHICAGO AREA HEALTH SYSTEMS TO OFFER AFFORDABLE HEALTH INSURANCE AND CARE Oscar Announces Partnerships with Edward-Elmhurst Health, Loyola Medicine, NorthShore University HealthSystem, and University of Chicago Medicine to offer seamlessly connected health insurance and care i

CORRECTING and REPLACING Oscar Announces Partnerships With Leading Chicago Area Health Systems to Offer Affordable Health Insurance and Care

NEW YORK & CHICAGO--(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 four leading Chicago area health systems: Edward-Elmhurst Health, Loyola Medicine, NorthShore University HealthSystem, and University of Chicago Medicine. These partnerships will make Oscar's Individual and Family health insurance plans available to individuals across Chicago beginning 2022, includ

Oscar Announces Partnerships With Leading Chicago Area Health Systems to Offer Affordable Health Insurance and Care

NEW YORK & MIAMI--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, has announced that it's working with University of Miami Health System and Jackson Health System to offer Oscar Individual and Family health insurance plans across Miami-Dade County beginning 2022. In fostering these relationships, more South Florida consumers will have access to a seamlessly connected clinical and insurance experience. The

Oscar Announces Agreements with Miami-Dade Health Systems to Offer Affordable Health Insurance and Care

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CHICAGO & 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 Chicago (Cook county), as well as the counties of DuPage, Kane, Lake, and McHenry, pending regulatory approval. “Chicago small businesses have endured a lot throughout the pandemic, and many have prov

Cigna + Oscar Expanding Footprint on Small Businesses' Access to Affordable Health Plans in Illinois

BLOOMFIELD, Conn. & 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 Kansas City, KS and St. Louis and Kansas City, MO, pending regulatory approval. “Small businesses across Kansas City and St. Louis need affordable and simple health insurance,” said Bruce Gr

Cigna + Oscar Expands Affordable, Innovative Health Plans for Small Businesses in Kansas City and St. Louis, Missouri

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When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock.

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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 participate in a fireside chat at the Morgan Stanley 19th Annual Global Healthcare Conference on Tuesday, September 14, 2021 at 4:15pm ET via virtual webcast. A live webcast of the discussion will be available on Oscar's investor relations site (ir.hioscar.com) under the events tab. A record

Oscar Health, Inc. Announces Participation in Morgan Stanley 19th 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 Co-Founder & CEO, Mario Schlosser, will present at the 2021 Virtual Wells Fargo Healthcare Conference on Thursday, September 9, 2021. Oscar is expected to present at approximately 12:40 PM 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 Participation in 2021 Virtual Wells Fargo Healthcare Conference

A new analyst has a strongly bullish outlook on the company.

Why Oscar Health Stock Was on Fire Thursday

LOS ANGELES--(BUSINESS WIRE)---- $OSCR #FRAUD--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Oscar Health, Inc. (“Oscar” or the “Company”) (NYSE: OSCR) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Oscar investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact i

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

BENSALEM, Pa.--(BUSINESS WIRE)---- $OSCR #FRAUD--Law Offices of Howard G. Smith continues its 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, O

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

Boston, Massachusetts--(Newsfile Corp. - August 16, 2021) -  The Thornton Law Firm alerts investors that it is investigating Oscar Health, Inc. (NYSE: OSCR) for potential securities violations. Investors who currently own shares or options of OSCR may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Oscar for more information. Investors may also email investors@tenlaw.com or call 617-531-3917. FOR MORE INFORMATION: www.tenlaw.com/cases/OscarOn May 13, 2021, Oscar Health reported an $87.4 million loss in the...

Thornton Law Firm Announces Investigation Into OSCR

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, announced its Individual & Family market expansion plans for 2022. During the upcoming Open Enrollment period, the company plans to offer health insurance to individuals and families in 3 new states and 146 new counties.1 With this expansion, Oscar will have a footprint in a total of 22 states and 607 counties across its Individual & Family,

Oscar Health, Inc. Announces 2022 Market Expansion Plans, Culturally Competent Care Focus

Oscar Health, Inc. (OSCR) CEO Mario Schlosser on Q2 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Health insurtech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the second quarter ended June 30, 2021. “Our second quarter results tell a clear story: that our member-centric, tech-first approach to health care, continues to generate market demand and value for our members and +Oscar clients,” said Mario Schlosser, CEO and Co-Founder of Oscar. “With membership steadily increasing, we're well-positioned on our path towards profitabil

Oscar Health Announces Results for Second Quarter 2021

Oscar Health is misunderstood & undervalued. It's an innovative health insurance company that's doing things differently. Built on a full-stack technology platform, the company unifies healthcare services and insurance through an easy-to-understand app for consumers.

Oscar Health: A Misunderstood And Undervalued Stock

The healthcare company reported impressive growth in its most recent quarter, but that wasn't enough to stop the stock price's decline.

Why Has Oscar Health Lost Half Its Value Since Its March IPO?

Cigna

BLOOMFIELD, Conn. & NEW YORK--(BUSINESS WIRE)--Cigna (NYSE: CI), a global health service company, and Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform and a relentless focus on serving its members, today announced that they are launching Oscar Virtual Primary Care on select Cigna + Oscar plans, beginning in 20221. The Virtual Primary Care offering will be available to small businesses in Tennessee and Georgia, bringing them

Cigna + Oscar Expands Convenient Access to Virtual Primary Care in Tennessee & Georgia

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform and a relentless focus on serving its members, today announced the launch of its new ‘MyIdentity' functionality as a part of its ongoing efforts to ensure that members get the access to care they need in an equitable way. This new functionality, which is available nationwide, allows all members – including those who identify as transgender or non-bin

Oscar Health, Inc. ‘MyIdentity' Functionality Supports Transgender and Non-Binary Members

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform and a relentless focus on serving its members, will release its second quarter results after market on Thursday, August 12, 2021. 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: 8129766 Webcast Link The call will be archiv

Oscar Health, Inc. Second Quarterly 2021 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)-- #OSCR--Scott+Scott Attorneys at Law LLP Announces Investigation into Oscar Health, Inc. (OSCR)

News for Oscar Health Stock (OSCR)