Haris Ashley
Oscar Health Inc. is an American health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. Headquartered in New York City, Oscar Health offers individual and family health insurance plans in select counties across 18 to 20 states, including Arizona, California, Florida, Georgia, Illinois, and New York. The company aims to provide affordable, high-quality healthcare through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems. Oscar's services include 24/7 access to providers, free care team services, and health-related cash incentives.
| Characteristics | Values |
|---|---|
| Type of Insurance | Health Insurance |
| Year founded | 2012 |
| Founders | Joshua Kushner, Kevin Nazemi, and Mario Schlosser |
| Headquarters | New York City |
| No. of members | 1.1 million |
| No. of states served | 20 |
| No. of counties served | 577 |
| Services | 24/7 access to providers, free doctor-on-call services, free care team services, no referral requirement to see specialists, cash incentives for steps, prescriptions, virtual urgent care |
| Plans | Individual & Family 2025, Medicare Advantage, EPO, HMO |
| Underwriters | Oscar Insurance Company, Oscar Insurance Corporation, Oscar Garden State Insurance Corporation, Oscar Management Corporation, Oscar Buckeye State Insurance Corporation, Oscar Health Plan Inc., Oscar Health Plan of Pennsylvania Inc., Oscar Health Plan of Georgia, Oscar Health Plan of North Carolina Inc., Oscar Managed Care of South Florida Inc., Oscar Health Plan of New York Inc., Oscar Managed Care |
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What You'll Learn
- Oscar Health Inc. is an American health insurance company
- It offers individual and family health insurance plans in 18 states
- Oscar Health provides a range of benefits, including 24/7 access to providers and health-related cash incentives
- The company was founded in 2012 and began selling insurance in 2013
- Oscar Health has raised significant capital through funding rounds, with investors including Thrive Capital and Fidelity Investments
Oscar Health Inc. is an American health insurance company
Oscar Health, Inc. is an American health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. Headquartered in New York City, the company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
Oscar Health offers individual and family health insurance plans in select counties across 18 to 20 states, including Arizona, California, Florida, Georgia, Iowa, Illinois, Kansas, Michigan, Missouri, North Carolina, Nebraska, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia. The company has over 1 million members and provides access to free doctor-on-call services, care team services, 24/7 virtual care, and no referral requirements to see in-network specialists. Oscar's members also receive incentives, such as cash rewards, for maintaining healthy habits.
Oscar Health's mission is to make affordable, high-quality healthcare accessible to all Americans. The company aims to differentiate itself in the health insurance industry by prioritizing member trust and leveraging personalized data to help members find suitable and affordable care. Oscar's plans are sold directly and through health insurance marketplaces, with Medicare Advantage plans available in New York City and Houston, Texas.
In terms of its business structure, Oscar Health has raised significant capital through funding rounds, with investors including Thrive Capital, General Catalyst Partners, and Fidelity Investments. The company went public on the NYSE in 2021, raising $1.2 billion in its IPO. As of 2023, Mario Schlosser serves as the CEO, while Joshua Kushner remains a major shareholder with significant input on strategy, hiring, and marketing.
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It offers individual and family health insurance plans in 18 states
Oscar Health, Inc. is a health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. The company is headquartered in New York City and focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
Oscar offers individual and family health insurance plans in 18 states, including select counties in Arizona, Florida, Georgia, Iowa, Illinois, Kansas, Michigan, Missouri, North Carolina, Nebraska, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia. The specific plans and benefits may vary slightly by state, but Oscar generally provides access to free doctor-on-call services, care team services, 24/7 virtual care, and incentives for healthy habits, such as cash rewards for daily step counts.
In terms of pricing, Oscar aims to provide affordable options, with commonly prescribed drugs costing as little as $3 for a 30-day supply. The company also offers $0 virtual urgent care services in some areas and works to increase transparency in coverage rules and detailed pricing information. Oscar's mission is to make healthcare accessible and affordable for all, behaving like a "doctor in the family" for its members.
Oscar has raised significant capital through funding rounds, with investors including Thrive Capital, General Catalyst Partners, Khosla Ventures, CapitalG, and Fidelity Investments. As of 2021, Oscar has served over 1 million members, and the company continues to expand its reach and services to provide quality healthcare solutions for individuals and families across the United States.
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Oscar Health provides a range of benefits, including 24/7 access to providers and health-related cash incentives
Oscar Health, founded in 2012, is an American health insurance company headquartered in New York City. It offers a range of benefits to its clients, including 24/7 access to providers and health-related cash incentives.
Oscar Health provides 24/7 access to doctors and a care team who can answer questions and help find quality care in the user's area. This includes free doctor-on-call services, free care team services, and access to specialists without a referral requirement, as long as they are in-network. Oscar Health also offers virtual care, allowing users to connect with providers and access care from the comfort of their homes or on the go.
In addition to convenient access to providers, Oscar Health also provides health-related cash incentives to its members. For example, members can receive up to $100 per year for maintaining their daily step count, as the Oscar app can sync with many smart pedometers and watches. Oscar Health also offers affordable prescription drugs, with many commonly prescribed medications costing as little as $3 for a 30-day supply.
Oscar Health's plans are designed to be affordable and accessible, with individual and family health insurance plans available in select counties across various states, including Arizona, Florida, Georgia, Illinois, and New York, among others. The company also offers Medicare Advantage plans in New York City and Houston, Texas. Oscar Health's coverage includes essential health benefits such as ambulatory or outpatient services, emergency services, hospitalization, pregnancy and maternity care, mental health services, and prescription drugs.
Oscar Health's approach to customer service is personalized and user-friendly, with a focus on making healthcare accessible and providing tailored services to its members. The company has raised significant capital through funding rounds and has over 1 million members across its platform.
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The company was founded in 2012 and began selling insurance in 2013
Oscar Health, Inc. is a health insurance company founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. Headquartered in New York City, the company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
The idea for Oscar was conceived by its founders, who were classmates at Harvard Business School. They envisioned a health insurance company that would operate like "a doctor in the family," providing accessible and affordable healthcare to all Americans. With this mission in mind, Oscar began selling insurance in 2013, coinciding with the implementation of the Affordable Care Act exchanges and the individual mandate for the 2014 plan year.
In its first year of operation, Oscar secured 16,000 members, marking the beginning of its journey in the healthcare industry. The company has since expanded its reach and, as of 2023, serves over 1 million members across 577 counties in 20 states. Oscar offers individual and family health insurance plans, providing access to a range of benefits, including free doctor-on-call services, care team assistance, and 24/7 provider access.
The company's approach to customer service sets it apart, as it strives to earn member trust and provide personalized experiences. Oscar's plans are tailored to meet the unique needs of its members, and the company utilizes its differentiated full-stack technology platform to deliver quality care. This commitment to innovation and member satisfaction has helped Oscar gain industry-leading levels of trust, engagement, and customer satisfaction.
Oscar's entry into the market disrupted traditional insurance models by incentivizing customers to stay healthy and offering concierge-level services. The company's fundraising efforts and strategic partnerships have contributed to its growth, allowing it to expand its reach and impact in the healthcare sector.
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Oscar Health has raised significant capital through funding rounds, with investors including Thrive Capital and Fidelity Investments
Oscar Health, Inc. is an American health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser. Headquartered in New York City, the company focuses on the health insurance industry through telemedicine, healthcare-focused technological interfaces, and transparent claims pricing systems.
Oscar Health has raised significant capital through funding rounds, with investors including Thrive Capital, General Catalyst Partners, Khosla Ventures, CapitalG, and Fidelity Investments. The company has raised capital through a series of funding rounds, including the May 2014 Series A round, led by Peter Thiel's Founders Fund, which invested $30 million. By the close of Series A, Forbes reported a valuation of the company at $800 million. The 2015 Series B round raised an additional $145 million, bringing the total capital raised to $300 million and valuing the company at $1.5 billion. In September 2015, Oscar Health announced a funding round with Google Ventures and Google Capital, resulting in a valuation of $1.75 billion. During the 2016 Series C round, the company raised $400 million, led by Fidelity Investments, with a reported valuation of $2.7 billion.
In March 2018, Oscar Health raised an additional $165 million in a funding round, with investors including 8VC, Verily Life Sciences, Fidelity, General Catalyst, Capital G, Khosla Ventures, and Thrive Capital. This funding allowed Oscar to pursue its mission of offering low-cost, high-quality insurance, expand to new cities, and bolster its technology platforms.
Oscar Health has also received significant investments from Alphabet companies, such as Verily and Capital G. The company's financial backing and partnerships with industry leaders like Cleveland Clinic and Humana demonstrate its commitment to innovation and growth in the healthcare industry.
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Frequently asked questions
Oscar is a health insurance company that offers individual and family health insurance plans in 18 states. The company was founded in 2012 and began selling insurance in 2013.
Oscar offers 24/7 access to virtual care services, free doctor-on-call services, a dedicated care team, and health-related cash incentives. The company also provides $3 prescriptions for up to a 30-day supply of medication and delivers prescriptions and refills to your door.
Oscar Insurance is available in select counties in Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Michigan, Missouri, North Carolina, Nebraska, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia.
