Welcome to our dedicated page for Oscar Health news (Ticker: OSCR), a resource for investors and traders seeking the latest updates and insights on Oscar Health stock.
Oscar Health Inc (OSCR) combines health insurance expertise with technology-driven solutions, offering individual plans, employer coverage, and Medicare Advantage programs. This news hub provides investors and healthcare stakeholders with timely updates on corporate developments shaping the digital health landscape.
Access official press releases and third-party analysis covering strategic initiatives, regulatory updates, and market positioning. Key focus areas include earnings announcements, partnerships with healthcare providers, technology innovations, and Medicare Advantage expansion efforts.
Our curated collection serves as a reliable resource for tracking OSCR's progress in simplifying healthcare through virtual care platforms and data-driven member services. Bookmark this page for streamlined access to financial disclosures, leadership updates, and operational milestones relevant to the evolving insurance sector.
Oscar Health, Inc. (NYSE: OSCR) has launched 'MyIdentity,' a new feature in its app aimed at enhancing healthcare access for transgender and non-binary members. This functionality allows users to input their preferred name, pronouns, and gender identity, promoting an inclusive healthcare experience. A significant study indicates that discrimination has led many in the transgender community to avoid medical care. Oscar's technology platform supports this initiative, showcasing the company's commitment to personalized healthcare and member engagement.
Oscar Health, Inc. (NYSE: OSCR) is set to release its second quarter results on August 12, 2021, after market hours. A conference call will follow at 5:00 PM ET to discuss these results. The call-in number is (833) 979-2864 with Conference ID 8129766. Additionally, the lock-up period for its initial public offering will end on August 16, 2021. Oscar aims to make healthcare affordable and accessible through its technology platform, serving approximately 540,000 members as of March 31, 2021.
Oscar Health (NYSE: OSCR) announced that Co-Founder & CEO, Mario Schlosser, will present at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, 2021, at 9:40 AM ET. The presentation will be available through a virtual webcast on Oscar's investor relations site. Oscar, founded in 2012 and headquartered in New York City, focuses on a technology-driven approach to health insurance, serving approximately 540,000 members as of March 31, 2021. The company's mission is to make health care accessible and affordable.
Oscar Health (NYSE: OSCR) announced its inaugural Culturally Competent Care Grant program, offering $200,000 to support organizations enhancing healthcare access for underserved populations. Four organizations received $50,000 each to address health disparities affecting diverse communities. The grantees include Culture Care, Diversity in Diabetes, Hispanic Unity of Florida, and Mentoring in Medicine. Oscar aims to build lasting relationships with these organizations as part of its mission to make healthcare more accessible and affordable across the U.S.
Oscar Health, Inc. (NYSE: OSCR) and Cigna (NYSE: CI) have partnered to offer Cigna Administered by Oscar small group health insurance in Arizona starting July 1, 2021. This initiative aims to support small businesses recovering from the COVID-19 pandemic, which saw 30.2% reporting revenue declines. The partnership offers tailored health plans with cost-saving options, extensive doctor networks, and behavioral health benefits. Both companies will share risk under a reinsurance agreement and plan to expand their collaboration over time, enhancing employee health coverage for small businesses.
Oscar Health (NYSE: OSCR) reported its financial results for Q1 2021, showing a significant year-over-year growth in direct policy premiums of 43.5%, totaling $820.8 million. The company's medical loss ratio improved by 670 basis points to 74.4%, and the combined ratio was 94.2%, reflecting enhanced profitability. Although the net loss narrowed to $(87.4) million, adjusted EBITDA loss improved to $(26.3) million. Oscar anticipates direct policy premiums for the full year to range between $3.075 to $3.175 billion, with a projected medical loss ratio between 84% and 86%.
Cigna and Oscar Health, Inc. announced the launch of Cigna + Oscar small business health insurance in Connecticut, effective July 1, 2021. This partnership aims to provide affordable and predictable health care coverage tailored to the needs of small businesses, which have faced significant challenges during the COVID-19 pandemic. With 37% of Connecticut small businesses shutting down due to the pandemic, Cigna + Oscar plans to enhance employee health prioritization. The initiative offers various services, including behavioral health benefits and affordable pharmacy services, supported by a shared risk model.
Oscar Health, Inc. (NYSE:OSCR) has launched +Oscar, a tech-driven platform aimed at enhancing efficiency and engagement in the healthcare sector. CEO Mario Schlosser emphasized the platform as a key growth driver, responding to demand from providers and payors. Meghan Joyce has been appointed to lead +Oscar, building on her prior achievements in Virtual Primary Care. The platform, noted for its full-stack technology, aims to lower costs, improve member experiences, and support effective medical management, ultimately promoting value-based care across the U.S. healthcare system.
Oscar Health, Inc. (NYSE: OSCR) announced Dr. Okiki Louis as the new President of Oscar Medical Group (OMG), effective April 26, 2021. Dr. Louis, formerly Vice President of Medical Operations at Concentra, will oversee OMG's virtual urgent care and primary care services. Oscar's Virtual Primary Care program has shown positive results, such as high member satisfaction at 99% and 80% medication adherence. Oscar aims to enhance healthcare access and affordability through its technology platform, which supports its mission to deliver efficient, member-focused care.
Oscar Health, Inc. has appointed Dr. Okiki Louis as the new President of Oscar Medical Group, effective April 26, 2021. With extensive experience from Concentra, she will oversee virtual care services, enhancing Oscar's capabilities in patient-centered healthcare. Oscar's Virtual Primary Care program has shown strong early results, including high member satisfaction (99%) and significant adherence to prescribed medications (80%). The company serves approximately 529,000 members, aiming to make healthcare accessible and affordable through its innovative technology-driven approach.