New York-based tech-enabled health insurance company Oscar Health announced the appointment of Kerry Sain as executive vice president of +Oscar and Steven Kelmar as executive vice president and chief of staff to the CEO.
Oscar Health launched +Oscar in 2021. The platform gives provider-sponsored and regional health plans the services and technological capabilities of more extensive health plans...
Multinational digital health firm Babylon reported its third quarter revenue had grown to $288.9 million, a 3.9x year-over-year boost, thanks to an increase in its value-based care business primarily driven by growth in Medicare membership.
Babylon reported a loss of $89.9 million for the period, compared to a $66 million loss in Q3 2021. Adjusted earnings before interest, taxes, depreciation and...
COVID-19 changed how healthcare was delivered by accelerating the use of virtual care and telehealth.
But insurers, employers and other payers are jumping on the virtual bandwagon too, hoping to lower the cost of care by offering technology and digital solutions to their members.
More players launched virtual-first health plans, some big insurtechs hit the public markets this year, and digital...
Insurtech company Oscar Health is launching a new business, called +Oscar, to give providers and third-party payors access to its tech-enabled insurance platform.
Oscar got its start in 2012 selling individual-only insurance plans. Since then, it has grown to support individual, small group and Medicare Advantage plans across 18 U.S. states. It also offers virtual care options and a search tool...
No-cost medications for patients in need. Online prescription discount platform GoodRx has partnered with the National Association of Free and Charitable Clinics (NAFC) to kick off a philanthropic program that will support patients in need with free prescriptions and care.
With a target goal of more than $5 million in free medications provided during 2021, the company said that it has kick-...
Late Friday, New York City-based health insurance company Oscar Health unveiled plans to kick off an initial public offering.
The tech-enabled company will list on the New York Stock Exchange under the symbol OSCR. Oscar temporarily listed the size of the offering as $100 million, although that value could change as the company hammers out the quantity of shares and price range it will be...
Oscar, a New York City-based health insurance technology company, has raised $140 million in a funding round announced just half a year after its last $225 million raise. The new investment was headed by Tiger Global Management, and also saw funds from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent.
WHAT IT DOES
Oscar describes itself as the "first-ever...
Health insurtech company Oscar Health scored a whopping $225 million in Series C funding from Google’s parent company Alphabet, General Catalyst, Khosla Ventures, Lakestar, Thrive Capital and Baillie Gifford.
This comes roughly two years after the company announced a $165 million funding round led by Brian Singerman and Founders Fund.
WHAT THEY DO
The company offers direct-to-consumer health...
The US is wading into election season, and once again the healthcare system is a prime focal point for each campaign. And although the subject of “Medicare for All” was certainly present back in 2016, movements to overhaul the country’s insurance industry have gained some steam among voters over the last few years and now command considerable airtime during debates between presidential hopefuls....
Help from above. The Department of Justice has taken the side of tech-enabled insurer Oscar Health in a federal antitrust suit it filed in November of last year against Florida Blue, Crain’s New York Business reports. While Oscar’s motion for a temporary injunction was rejected by a federal judge back in February, the DOJ filed a statement in April arguing that Florida Blue had incorrectly...
