Getting Access to High-Quality Healthcare is Simple with Oscar Health

The world’s largest and most expensive healthcare system is the one in the U.S. While the quality of healthcare provided in the country is unparalleled, the health outcomes are often not as good as other advanced economies. Oscar Health doesn’t think it has to be this way. The company is now tackling the healthcare’s biggest problems to provide more Americans with access to the affordable, high-quality healthcare they deserve. They have begun their work with reorienting consumers’ expectations of their insurer, and earning something that is all too rare in the health insurance industry: member trust. After only seven years of selling health insurance in the Individual market, Oscar Health’s strategy has proved out.

Oscar is now the third largest for-profit national insurer in the Individual market in the United States based on membership, and the company expanded to Small Group in 2017 and Medicare Advantage in 2020. As of 2021, Oscar has at least one health plan in 291 counties across 18 states and expects to expand in the years ahead both geographically and with respect to insurance markets.

Oscar is the first health insurance company built around a full stack technology platform with a relentless focus on serving its members. Oscar was established in 2012 to create the kind of health insurance company people would want for themselves—one that behaves like a doctor in the family. “We started Oscar to create a health insurance company that behaves like a doctor in the family,” said Mario Schlosser, CEO and Co-Founder.

“Oscar is the first health insurance company built around a full stack technology platform with a relentless focus on serving its members.”

Oscar Health believes that every American deserves access to affordable, high-quality healthcare that fits their life – whether families seeking coverage that works for toddlers and their busy parents, adults with chronic conditions who know their care providers by their first names, seniors choosing a benefits package that will serve them throughout their retirement years – and everyone in between.

The platform is powered by its differentiated full stack technology platform. The company has built a suite of services that enable it to earn its members’ trust, leverage the power of personalized data, and help its 529,000 members find quality care they can afford. “We are proud to have earned industry-leading levels of trust, engagement, and customer satisfaction,” added the CEO. “As we continue to bring the Oscar experience to new members, new states, and new markets, our goal will remain the same: to build engagement, earn trust, and help our members live healthier lives.”

Oscar Health launched its Virtual Primary Care service and Cigna + Oscar partnership in Small Group in 2020. As it has expanded and scaled its offerings, Oscar has continued to achieve positive growth of the economics that are core to its business, and to make healthcare more affordable for its members.

The Road Ahead

Headquartered in New York City, Oscar has been challenging the health care system's status quo since its founding in 2012. The company’s vision is to refactor health care to make good care cost less. Refactor is a term used in software engineering that means to improve the design, structure, and implementation of the software, while preserving its functionality. At Oscar, the team takes this definition a step further. “We improve our members’ experience by building trust through deep engagement, personalized guidance, and rapid iteration,” said Mario Schlosser.

The Leader

Mario Schlosser, CEO and Co-Founder

After eight years of selling health insurance, Oscar has earned industry-leading levels of trust, engagement, and customer satisfaction from 529,000 members who, as of January 31, 2021, have chosen Oscar.

Under Mario's leadership, Oscar develops seamless technology and provides personalized support to help members navigate their health care. The company has been recognized as one of Fast Company’s most innovative companies in health, one of CNBC’s top 50 disruptors, and one of TIME’s most influential in health care.

Previously, Mario co-founded the largest social gaming company in Latin America, where he led the company's analytics and game design practices. Prior to that, Mario was a Senior Investment Associate at Bridgewater Associates and worked as a consultant for McKinsey & Company in Europe, the U.S. and Brazil.

Mario holds a degree in computer science with highest distinction from the University of Hannover in Germany and an MBA from Harvard Business School.

“As of 2021, Oscar has at least one health plan in 291 counties across 18 states and expects to expand in the years ahead both geographically and with respect to insurance markets.”

“The company has built a suite of services that enable it to earn its members’ trust, leverage the power of personalized data, and help its 529,000 members find quality care they can afford.”