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.

Earnings data Q4 2023

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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 around a full stack technology platform, today announced the appointment of two seasoned healthcare executives to round out its leadership bench and further propel its vision to refactor healthcare. Kerry Sain has joined the company as the Executive Vice President of +Oscar, effective August 14, 2023, and Steven Kelmar will join as Executive Vice President and Chief of Staff to the CEO.

Oscar Health Welcomes Two Healthcare Veterans to its Executive Leadership Team

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 Chief Financial Officer, Scott Blackley, is scheduled to present at the 2023 Wells Fargo Healthcare Conference on Wednesday, September 6, 2023 at approximately 1:30 p.m. ET. In addition, Chief Executive Officer, Mark Bertolini, is scheduled to present at the Morgan Stanley 21st Annual Global Healthcare Conference on Monday, Sept.

Oscar Health, Inc. to Present at Upcoming Healthcare Conferences

The next-generation health insurance provider published its second-quarter results. These crushed prognosticator estimates on both the top and bottom lines.

Why Oscar Health Stock Was Trouncing the Market Today

Oscar Health, Inc. (NYSE:OSCR ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Cornelia Miller - VP, IR Mark Bertolini - CEO & Director Siddhartha Sankaran - Interim CFO & Director Conference Call Participants Stephen Baxter - Wells Fargo Securities Jonathan Yong - Crédit Suisse Michael Ha - Morgan Stanley Gary Taylor - TD Cowen Joshua Raskin - Nephron Research Nathan Rich - Goldman Sachs Group Kevin Fischbeck - Bank of America Merrill Lynch Operator Good afternoon. My name is Abby, and I will be your conference operator today.

Oscar Health, Inc. (OSCR) Q2 2023 Earnings Call Transcript

Oscar Health Tuesday reported a quarterly loss of $15 million thanks in part to tens of thousands of fewer sales of individual health insurance policies.

Oscar Health Reports A Loss And Fewer Members Despite Operating In A Robust Obamacare Market

NEW YORK--(BUSINESS WIRE)--Health tech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the second quarter ended June 30, 2023. “Our strong second quarter results demonstrate that our pricing discipline, renewed operational focus, and solid execution are driving meaningful impact across our business,” said Mark Bertolini, CEO of Oscar. “Based on strong year-to-date performance, we now expect to be towards the low-end of our MLR guidance and high-end of our full.

Oscar Health Announces Strong Financial Results for Second Quarter 2023

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 second quarter 2023 financial results after market close on Tuesday, August 8, 2023. 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: (877) 400-4403 Conference ID: 6577079 Webcast Link The call will be archived and available on Oscar's.

Oscar Health, Inc. 2023 Second Quarter Conference Call

Even with a (most likely temporary) halt in two important markets, Florida and California producing a small retreat in membership growth, Oscar Health is still making considerable progress. It had its first AEBITDA profitable quarter, and although it will still produce losses for the year, its cash burn will decline, and profitability is in sight next year. Even after having quadrupled in just under 6 months, the shares are still dirt cheap if that progress continues according to plan.

Oscar Health Shares Quadrupled, But They Are Still Cheap

Oscar Health has been growing exceptionally quickly, continuing to grow revenues at over 50% y/y even though it is now generating more than $1B in quarterly revenue. It also put a new CEO in place last quarter, a longtime executive at Aetna who also did a stint at Bridgewater (hedge fund). The firm's most recent quarter saw positive adjusted profitability for the first time as well as ongoing progress towards positive GAAP profits.

Oscar Health: High Growth And Improving Profitability Make It A Buy

Oscar Health offers health plans to individuals and groups and has Medicare Advantage plans. Institutional buyers help drive the stock's shares higher.

Why Shares of Oscar Health Soared This Week

Oscar Health, Inc. (NYSE:OSCR ) Q1 2023 Earnings Call May 9, 2023 5:00 PM ET Company Participants Cornelia Miller - Vice President, Corporate Development and Investor Relations Mark T. Bertolini - Chief Executive Officer Sid Sankaran - Interim Chief Financial Officer Conference Call Participants Stephen Baxter - Wells Fargo Joshua Raskin - Nephron Michael Ha - Morgan Stanley Nathan Rich - Goldman Sachs Operator Good afternoon.

Oscar Health, Inc. (OSCR) Q1 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Health tech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the first quarter ended March 31, 2023. "I believe that Oscar has the power to transform the healthcare system, and I am excited to lead the company through this next phase of its evolution," said Mark Bertolini, CEO of Oscar. "First quarter results demonstrate solid fundamentals across the business and that we're executing well against our plan. As we focus on the opportunit.

Oscar Health Announces Results for First Quarter 2023 With Meaningful YoY Improvements Across all KPIs

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 Chief Executive Officer, Mark Bertolini, and Chief Financial Officer, Sid Sankaran, will present at the BofA Securities 2023 Health Care Conference on Wednesday, May 10, 2023 at 3:00 PM PT (6:00 PM ET) in Las Vegas, NV. All interested parties are invited to listen to a webcast of the presentation by visiting www.ir.hioscar.com a.

Oscar Health, Inc. Announces Participation in BofA Securities 2023 Health Care Conference

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--Today, Ciox Health®, a Datavant company, and Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built around a full stack technology platform, announced that they have renewed and expanded their digital services agreement. Under the expanded agreement, Oscar will have access to the Datavant Switchboard via Ciox to securely request, retrieve, and digitally deliver clinical data.

Oscar Health Renews and Expands Relationship with Digital Solutions Platform Provider Ciox Health

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 first quarter 2023 financial results after market close on Tuesday, May 9, 2023. Management will review these results in a conference call beginning at 5:00 PM (ET).

Oscar Health, Inc. 2023 First Quarter Conference Call

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today released its inaugural Environmental, Social, and Governance (ESG) Report for 2022. The report outlines the strategies and initiatives that Oscar has developed, and continues to iterate, to help build a more sustainable and equitable future within its organization and communities.

Oscar Health, Inc. Releases 2022 Environmental, Social, and Governance (ESG) Report

NEW YORK--(BUSINESS WIRE)--Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full stack technology platform, previously announced that the Compensation Committee of Oscar's Board of Directors approved, effective as of April 3, 2023, the grant of employment inducement awards covering 10,320,000 Class A shares of Oscar's common stock to Mark T.

Oscar Health, Inc. Announces Inducement Grants under Section 303A.08 of the NYSE Listed Company Manual

Oscar Health, Inc. (OSCR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Oscar Health, Inc. (OSCR) Stock Jumps 56.3%: Will It Continue to Soar?

Oscar Health (NYSE: OSCR ) stock is heading higher on Tuesday after the healthcare company announced Mark Bertolini as its new CEO. That news has holders of OSCR stock excited today as Bertolini is a veteran in the healthcare field.

Why Is Oscar Health (OSCR) Stock Up 82% Today?

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 appointment of Mark Bertolini to the role of Chief Executive Officer, effective April 3, 2023. Co-Founder Mario Schlosser, will transition to President of Technology, reporting to Mark.

Oscar Health Announces Appointment of Healthcare Veteran Mark Bertolini to CEO; Co-Founder and CEO Mario Schlosser Transitions to President of Technology

Former Aetna Inc. chief executive Mark Bertolini will take over as the CEO of Oscar Health Inc. OSCR, +6.85% , the Wall Street Journal reported Tuesday. Bertolini will take over from co-founder Mario Schlosser, who will stay on with the health insurer in the new role of president of technology.

Oscar Health nabs former Aetna CEO Mark Bertolini for its top post

Oscar Health, Inc. looks almost absurdly undervalued at a market cap of ~$620m. The company has >$3bn cash and is forecasting revenues of >$6bn in FY23 and losses of

Oscar Health: So Many Issues, But Hard To Ignore The Upside Potential

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. Sean Martin, MD has been appointed to serve as the company's new Chief Medical Officer, effective immediately. Dr.

Oscar Health, Inc. Appoints Dr. Sean Martin, MD as New Chief Medical Officer

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 it has renewed its Pharmacy Benefit Manager agreement with CVS Caremark to provide Oscar members with continued access to CVS Caremark's pharmacy network. The agreement between the two organizations is expected to substantially lower costs for Oscar over the course of the contract period, beginning in 2023.

Oscar Health Announces Renewed Agreement With Pharmacy Benefit Manager CVS Caremark

Encouraging 2023 guidance and a pair of analyst price target lifts pushed the shares higher.

News for Oscar Health Stock (OSCR)