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Oscar Health, Inc. - OSCR STOCK NEWS

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. (symbol: OSCR) is a modern health insurance company dedicated to humanizing healthcare through technology, design, and data. The company offers a variety of health insurance plans tailored for individuals, families, and employees, aiming to provide a seamless healthcare experience. In addition to traditional health insurance, Oscar Health provides a range of services including virtual care, doctor support, appointment scheduling, and more. Notably, the company is also involved in the Medicare Advantage program, offering plans to adults aged 65 and older who are eligible for traditional Medicare but prefer private market plan coverage.

Recent Achievements and Projects
Oscar Health has been at the forefront of integrating advanced technology into healthcare, simplifying the user experience and making healthcare more accessible. The company has recently focused on expanding its virtual care services, allowing members to access medical professionals remotely. This innovation ensures that Oscar Health can provide continuous and efficient care, especially in times of increased demand for remote services.

Financial Condition and Partnerships
Backed by a renowned set of investors and advisors, Oscar Health has shown a robust financial standing. The company continues to invest in technology and expand its offerings, consistently looking for ways to improve and innovate. Collaborations with healthcare providers, technology firms, and other strategic partners have been pivotal in supporting its growth and enhancing service delivery.

Significance in the Industry
Oscar Health stands out in the healthcare industry for its commitment to improving the consumer experience. By focusing on user-centric design and data-driven solutions, the company addresses the frustrations many users face in the traditional healthcare system. This mission-driven approach has positioned Oscar Health as a disruptive force in the industry, dedicated to making healthcare more efficient, personalized, and accessible.

News

Oscar Health, Inc. 2024 First Quarter Conference Call

Rhea-AI Summary
Oscar Health, Inc. (OSCR) will announce its first quarter 2024 financial results on May 7, 2024. The conference call will start at 8:00 AM (ET) with details available on their investor relations website. Investors can access the archived call for 90 days post the event.
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Oscar Health Announces Strong Results for Fourth Quarter and Full Year 2023; Introduces Full Year 2024 Outlook Including Total Company Adjusted EBITDA Profitability

Rhea-AI Summary
Oscar Health, Inc. announces its financial results for the fourth quarter and full year ended December 31, 2023. Total Direct and Assumed Policy Premiums for 2023 were $6.6 billion, down 3% YoY. Premiums earned of $5.7 billion increased 47% YoY. Medical Loss Ratio improved 370 bps YoY to 81.6%. InsuranceCo Combined Ratio improved 640 bps YoY to 99.5%. Adjusted EBITDA loss of $45 million improved by $417 million YoY. Net loss of $271 million improved by $339 million YoY. The company anticipates Total Revenue of $8.3 billion to $8.4 billion, a Medical Loss Ratio of 80.2% to 81.2%, a SG&A Expense Ratio of 20.5% to 21.0%, and Total Company Adjusted EBITDA of $125 million to $175 million for 2024.
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Oscar Health, Inc. Announces Inducement Grants under Section 303A.08 of the NYSE Listed Company Manual

Rhea-AI Summary
Oscar Health, Inc. announced the grant of employment inducement restricted stock unit awards to 11 new non-executive employees, covering an aggregate of 104,586 Class A shares of Oscar’s common stock. The awards generally vest quarterly over a one-year period following their vesting commencement date, subject to continued employment. They were granted under Oscar’s 2022 Employment Inducement Award Plan as employment inducement awards pursuant to the New York Stock Exchange rules.
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Oscar Health, Inc. 2023 Fourth Quarter and Full Year Earnings Conference Call

Rhea-AI Summary
Oscar Health, Inc. will release its Q4 and full year 2023 financial results on February 7, 2024. A conference call will be held to review the results at 5:00 PM (ET). The call-in number and webcast link will be provided. The call will be archived on Oscar's investor relations website for 90 days.
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Oscar Health, Inc. to Present at the 42nd Annual J.P. Morgan Healthcare Conference

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Oscar Health, Inc. (OSCR) CEO Mark Bertolini to Provide Business Update at J.P. Morgan Healthcare Conference
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Oscar Health, Inc. Announces 2023 Culturally Competent Care Grant Recipients, Bolstering its Efforts to Support Rural and Hispanic and Latino Communities

Rhea-AI Summary
Oscar Health, Inc. (OSCR) announces the recipients of its Culturally Competent Care Grants, part of Oscar’s CCC Program. A $30,000 grant will be awarded to Community Health Works (CHW) and MedHaul, supporting Hispanic-and Spanish-speaking communities and providing inclusive transportation for underserved populations. The program aims to address social, cultural, and linguistic barriers to improve health outcomes in underserved communities.
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Oscar Health, Inc. Announces that Mark Bertolini’s Foundation and Deerfield Management have Entered into an Agreement with a Selling Shareholder to Purchase Shares of Oscar Health

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Oscar Health, Inc. (OSCR) Announces Private Placement Agreements with Deerfield Management and Anahata Foundation
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Oscar Health, Inc. to Present at 5th Annual Wolfe Research Healthcare Conference

Rhea-AI Summary
Oscar Health, Inc. (NYSE: OSCR) announces CEO Mark Bertolini to present at Wolfe Research Healthcare Conference on November 15, 2023. Interested parties can access live webcast at www.ir.hioscar.com. Webcast replay available for 90 days.
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Oscar Health Announces Results for Third Quarter 2023 and Raises Full Year 2023 Adjusted EBITDA Outlook; New +Oscar Agreement

Rhea-AI Summary
Oscar Health, Inc. reported Direct and Assumed Policy Premiums of $1.6 billion, a 5% decrease YoY, and Premiums earned of $1.4 billion, a 46% increase YoY. The Medical Loss Ratio improved by 608 bps YoY to 83.8%, and the Net loss was $65.7 million, an improvement of $127.8 million YoY. The Adjusted EBITDA loss was $20.3 million, an improvement of $139.5 million YoY.
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Oscar Health, Inc. Announces 2024 Market Expansion Plans, Offering Affordable, Accessible, and Technology-Enabled Care for the Eleventh Consecutive Year

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Oscar Health announces major expansion in 165 new markets for its Individual and Family Plans
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FAQ

What is the current stock price of Oscar Health (OSCR)?

The current stock price of Oscar Health (OSCR) is $15.98 as of November 22, 2024.

What is the market cap of Oscar Health (OSCR)?

The market cap of Oscar Health (OSCR) is approximately 4.1B.

What is Oscar Health, Inc.?

Oscar Health, Inc. is a health insurance company focused on humanizing healthcare through technology, design, and data.

What services does Oscar Health provide?

Oscar Health provides various insurance plans, virtual care, doctor support, appointment scheduling, and other related services.

Who can benefit from Oscar Health's insurance plans?

Individuals, families, employees, and adults aged 65 and older eligible for Medicare Advantage can benefit from Oscar Health's plans.

What recent achievements has Oscar Health made?

Oscar Health has expanded its virtual care services, improving access to medical professionals remotely and innovating the user experience.

How is Oscar Health financially supported?

Oscar Health is backed by a renowned set of investors and advisors, showcasing a robust financial standing.

What makes Oscar Health different from other insurance companies?

Oscar Health focuses on utilizing technology, design, and data to improve the consumer experience in the healthcare system.

What is the Medicare Advantage program?

The Medicare Advantage program offers plans to adults aged 65 and older who are eligible for traditional Medicare but prefer private market plans.

How has Oscar Health innovated in the healthcare industry?

Oscar Health has integrated advanced technology into its services, providing personalized, efficient, and accessible healthcare solutions.

Who are some of Oscar Health's strategic partners?

Oscar Health collaborates with healthcare providers, technology firms, and other strategic partners to enhance service delivery.

What is Oscar Health's mission?

Oscar Health aims to revolutionize healthcare by addressing user frustrations and making healthcare more human-centered and accessible.

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Oscar Health, Inc.

NYSE:OSCR

OSCR Rankings

#1440 Ranked by Market Cap
N/A Ranked by Dividends

OSCR Stock Data

4.11B
195.51M
3.02%
85.57%
5.02%
Healthcare Plans
Hospital & Medical Service Plans
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United States of America
NEW YORK