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 :
These 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.
Read the full article on Seeking Alpha
For further details see:
Oscar Health: Flexible Business Model Is Paying Off