Oscar Health Inc - OSCR STOCK NEWS

Oscar Health announces that Temple Health will be in-network for its members, extending its reach in the Philadelphia area. This partnership enables Oscar to offer Individual and Family plans via Pennie, Pennsylvania's health insurance marketplace. Members gain access to a broad range of services from Temple Health's network, including 24/7 virtual urgent care at $0 and Tier 1 prescriptions at $3. Oscar aims to enhance the patient experience and clinical outcomes through value-based care and personalized support for residents in its service areas.

Oscar Health (NYSE: OSCR) has announced a partnership with Stride Health to enhance its enrollment process for Affordable Care Act Individual & Family health plans. The integration of the Stride for Health Plans enrollment platform on Oscar's website allows consumers and brokers to complete health insurance applications seamlessly. This partnership aims to improve the enrollment experience during the Open Enrollment Period for 2022, providing users with access to subsidies and simplified renewals. Oscar serves around 594,000 members as of September 30, 2021.

Oscar Health and Emory Healthcare have announced a collaboration to provide technology-connected health insurance and care in Atlanta and Columbus, GA, starting in 2022. This partnership will offer Oscar Individual and Family plans through the ACA marketplace at over 250 provider locations with more than 3,600 physicians. The initiative aims to enhance clinical outcomes, improve member experiences, and reduce costs. Coverage will begin on January 1, 2022, providing an additional option for Georgia residents seeking personalized, high-quality health care.

Oscar Health, Inc. (NYSE: OSCR) reported a membership increase of 41% year-over-year, totaling 594,284 by September 30, 2021. The third quarter showed direct policy premiums of $895.4 million, reflecting a 53.1% YoY rise, while premiums earned surged by 345.6% to $441.7 million. However, the Medical Loss Ratio climbed to 99.7%, an increase of 920 bps YoY, leading to a net loss of $212.7 million. Administrative expenses also rose, impacting the combined ratio which reached 122.8%. For 2021, the company projects total premiums between $3.35 billion and $3.45 billion, with a forecasted Adjusted EBITDA loss of up to $480 million.

Oscar Health, Inc. (NYSE: OSCR) has partnered with HCA Healthcare to provide health insurance plans across five Texas markets: Austin, Dallas-Fort Worth, El Paso, Houston, and San Antonio. This initiative allows members to access local HCA providers and enhances care through Oscar's technology platform. The plans will be available on the ACA marketplace starting January 1, 2022, offering affordable care options, $0 virtual urgent care visits, and $0 Tier 1 prescriptions. The partnership aims to improve healthcare accessibility and affordability amid rising uninsured rates due to COVID-19 job losses.

Oscar Health has announced a new partnership with Memorial Hermann Health System, making it an in-network provider for Oscar's health insurance members in Houston, TX. This collaboration aims to enhance healthcare access and improve patient experiences through technology-driven services. Starting from January 1, 2022, members can benefit from a range of services, including 24/7 virtual urgent care at $0 and affordable prescription options. This move strengthens Oscar's commitment to providing high-quality, personalized healthcare.

Oscar Health announces partnerships with UCHealth, University of Colorado Medicine, and Children’s Hospital Colorado, aiming to offer Individual and Family health insurance plans in Colorado starting in 2022. These plans will be available during the Open Enrollment period beginning November 1, 2021, pending regulatory approval. The collaboration aims to improve clinical outcomes, enhance member experience, and reduce costs. Members will benefit from Oscar’s digital tools and $0 Tier 1 prescriptions. Approximately 13% of Colorado residents have lost coverage due to job losses amid COVID-19.

Oscar Health, Inc. (NYSE: OSCR) will announce its third quarter results on November 10, 2021, after market close. Management will conduct a review in a conference call starting at 5:00 PM (ET), with access via phone and webcast. Oscar Health, founded in 2012, is a tech-driven health insurance company with about 560,000 members as of June 30, 2021. The company's mission focuses on making healthcare affordable and accessible through a member-first approach and innovative technology.

Oscar Health is partnering with the University of Miami Health System and Jackson Health System to offer Individual and Family health insurance plans in Miami-Dade County starting 2022. The collaboration aims to provide residents with easier access to quality care through a connected insurance experience. Plans will be available during the Open Enrollment Period, starting January 1, 2022, with features like $0 Virtual Urgent Care and $0 Tier 1 prescriptions. Oscar's goal is to enhance healthcare accessibility and affordability for South Florida consumers.