OSCR - Oscar Health: Flexible Business Model Is Paying Off
2024-01-29 23:55:15 ET
Summary
- Oscar Health offers an innovative healthcare insurance platform using AI and big data to match plans to individual situations, producing high patient satisfaction.
- Membership growth has stalled due to portfolio sculpting efforts but is likely to resume.
- The company plans to expand in existing markets and introduce new programs, leveraging its existing network of providers.
- Finances have improved at an impressive pace due to operational efficiencies.
Oscar Health ( OSCR ) offers an innovative healthcare insurance platform that plays into industry trends like consumerization, digitization, and value-based care.
It uses AI and big data to enable members to navigate through the Byzantine world of US healthcare, matching plans to individual situations. It offers a host of services like, from Investopedia :
Oscar Health: Flexible Business Model Is Paying OffThese plans offer access to free doctor-on-call services, free care team services, 24/7 access to a provider, and no referral requirement to see specialists, as long as they are in-network... Oscar's members even receive cash incentives (up to $100 per year) for keeping up with their daily step count, as the app can link up to many smart pedometers and watches.