Despite recording a net loss of $87 million in Q1 2021, the insurance startup's leaders are optimistic about future growth, especially in light of the launch of +Oscar. A platform business, +Oscar generates revenue by making the company's technology stack available to providers and payers.
Insurer participation in the ACA individual marketplace is on the rise and the trend is driven by policy changes at the federal level and the lingering effects of the Covid-19 pandemic.
The future looks bright for the integrated specialty pharmacy model – for health systems, providers, and most importantly, for patients.
The newly crowned unicorn's insurance product enables members to shop for medical services and pay directly for care. The company raised $125 million in a recent funding round, boosting its valuation, which it will use to increase its footprint and launch new products.
After announcing they would team up to offer health plans for small businesses, Cigna and insurance startup Oscar Health named their first markets for launch.
This year, Oscar Health and Cleveland Clinic started offering health insurance plans in Ohio. "We are at the beginning of [the] consolidation of payer and healthcare provider," Tom Sudow, director of business development at Cleveland Clinic Innovations, said.
It's an interesting development for a company that has sought to position itself as an alternative to established health insurers.
The progress in artificial intelligence (AI) is reshaping patient care, across various dimensions, from facilitating faster discharge to curating treatment plans and suggesting lifestyle changes.
Technology-driven health insurance startup Oscar has filed to either expand or debut in health insurance markets in five states in 2018, including New Jersey, Texas, Ohio, California and Tennessee.
A group of healthcare experts weigh in whether the decision by Cleveland Clinic to become a payer was related to the uncertainty in Washington surrounding the Obamacare repeal or whether it was a strategic move to take on more risk.
Oscar is leaving New Jersey and Dallas-Fort Worth and entering San Francisco in 2017.
The new funding injection gives the insurance startup a $2.7 billion valuation.
Closing cancer health equity gaps require medical breakthroughs made possible by new funding approaches.
A New York-based health insurance startup said it will offer members free Misfit wearable fitness trackers, along with $240 in Amazon gift cards a year to users who download the app and use it to track walking. Beginning in January, Oscar Health Insurance said it would give members the wearable device, which retails for $50 […]
Startup health insurer Oscar chose Tumblr as its social media venue of choice to announce that it raised $80 million in a Series A round. Forbes broke the story earlier today. It kind of makes sense since Oscar’s chief technology officer is Fredrik Nylander, who was vice president of engineering and operations at Tumblr. […]