Oscar Health Inc   (OSCR)
Other Ticker:  
Price: $19.0000 $0.00 0.000%
Day's High: $19.329 Week Perf: -7.36 %
Day's Low: $ 18.72 30 Day Perf: -16.11 %
Volume (M): 2,017 52 Wk High: $ 23.44
Volume (M$): $ 38,321 52 Wk Avg: $11.11
Open: $18.87 52 Wk Low: $4.72

 Market Capitalization (Millions $) 5,582
 Shares Outstanding (Millions) 294
 Employees 2,500
 Revenues (TTM) (Millions $) 6,535
 Net Income (TTM) (Millions $) -53
 Cash Flow (TTM) (Millions $) 122
 Capital Exp. (TTM) (Millions $) 24

Oscar Health Inc
Oscar Health Inc. is a technology-focused health insurance company that aims to revolutionize the healthcare industry through innovative and personalized plans for its members. The company was founded in 2012 by Mario Schlosser, Josh Kushner, and Kevin Nazemi in New York City, and has quickly grown to become a major player in the healthcare market, with more than 529,000 members by the end of 2020.

Oscar offers individual and family health insurance policies in several states, including New York, California, Texas, Florida, and more. These plans are designed to provide comprehensive healthcare coverage at an affordable price, with all of them including benefits such as virtual visits, 24/7 access to a nurse hotline, and easy-to-use mobile apps. Oscares plans also place an emphasis on preventive care, with members receiving free telemedicine services, such as on-demand virtual visits, and access to free preventive screenings.

One of the core aspects of Oscar's business model is its use of technology to create a seamless, user-friendly experience for its members. The company's mobile app allows members to search for doctors, track their medical history, review their claims, and even chat with a nurse practitioner. This technology-driven approach to healthcare is part of what sets Oscar apart from traditional insurers.

Oscar Health has also been focused on developing innovative programs that promote better health outcomes for its members. For example, the company has launched programs that encourage members to take an active role in their health. Programs such as the "Oscar Fit" wellness program incentivize members to take steps towards healthy living by offering rewards, such as Amazon gift cards, for hitting specific wellness targets.

In addition to its focus on technology and innovation, Oscar also places a strong emphasis on customer service. The company's mission is to provide its members with a healthcare experience that is personalized, efficient, and compassionate. To that end, Oscar has created a customer service team that is available 24/7 to answer member questions, resolve issues, and provide support.

As of March 2021, Oscar Health Inc. went public and its shares began to trade on the New York Stock Exchange. Its initial public offering (IPO) priced at $39 per share, raising $1.4 billion, and giving the company a valuation of $11.3 billion. The successful IPO was seen as a strong indicator of investor demand for high-growth technology-driven healthcare companies like Oscar Health.

Overall, Oscar Health Inc. is a rapidly growing healthcare company that is grounded in innovation, technology, and customer service. Its focus on providing affordable, personalized, and convenient healthcare coverage has helped it to emerge as a major disruptor in the healthcare industry.

   Company Address: 75 Varick Street, 5th Floor New York, 10013 NY
   Company Phone Number: 403-3677   Stock Exchange / Ticker: NYSE OSCR


Stock Performances by Major Competitors

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Oscar Health Inc

Oscar Health Inc Reports Profitability in First Quarter of 2024, Showing Growth and Improvement

OSCAR Health Inc, a leading healthcare technology company, reported favorable financial results for the first quarter of 2024, indicating significant improvements compared to the previous year. The company achieved a turnaround by posting earnings per share (EPS) of $0.62, a substantial increase from the negative EPS of $-0.18 in the same period last year. Moreover, the earnings per share turned positive from $-0.63 in the preceding financial reporting period.
One of the key factors contributing to OSCAR's positive performance was a notable growth in revenue. The company's revenue surged by 45.766% to $2.14 billion in the first quarter of 2024, compared to $1.47 billion in the same period the previous year. Additionally, sequentially, revenue experienced a significant increase of 49.638% from $1.43 billion.

Oscar Health Inc

Oscar Health Inc's Trailblazing Journey: How a $0.63 Per Share Loss Sparked an Imminent Turnaround

The recent financial results of Oscar Health Inc. (OSCR) have been a topic of discussion within the healthcare and investment communities. While the company reported a net loss of $-0.63 per share in the fiscal three months ending December 31, 2023, it also showcased an impressive revenue surge of 43.867% to $1.43 billion compared to the same period in the previous year. This revenue growth outpaced the industry average, highlighting Oscar Health's ability to distinguish itself in the Accident & Health Insurance sector.
In the previous financial reporting period, Oscar Health reported revenue of $1.44 billion and a loss per share of $-0.29. The company's net loss for the period between October and December 31, 2023, reduced to $-149.838 million from $-226.560 million in the same period the year before. Despite this improvement, some analysts have noted a decline in accounts receivable, potentially indicating a slowdown in demand.

Stock Transactions

Oscar Health Empowers Workforce and Receives Strong Backing as Company Continues to Innovate Healthcare Technology

Published Fri, Jan 26 2024 1:00 PM UTC

In a recent press release, Oscar Health, Inc. (NYSE: OSCR), a prominent healthcare technology company, announced exciting developments that highlight its growth and commitment to revolutionizing the healthcare industry. With the approval of employment inducement restricted stock unit (RSU) awards for new non-executive employees and the entrance of influential backe...

Stock Transactions

Oscar Health Announces Strategic Stock Purchase Agreement, Spearheading Growth and Investor Confidence

Published Mon, Nov 20 2023 11:00 AM UTC

New York, NY - Oscar Health, Inc. (Oscar), a prominent healthcare technology company, revealed a milestone development today. An affiliate of Deerfield Management Company, L.P. (Deerfield) and the Anahata Foundation (Anahata), a charitable foundation established by Mark T. Bertolini, Oscar's Chief Executive Officer, have both entered into a Stock Purc...

Oscar Health Inc

Oscar Health Inc Demonstrates Impressive Revenue Surge Amidst Positive and Negative Developments in Q3 2023

Interpreting the financial results of Oscar Health Inc., it is evident that the healthcare technology company has experienced both positive and negative developments in the third quarter of 2023. According to the data provided, the company's revenue surged by an impressive 47.174% to $1.44 billion compared to the same quarter the previous year. This growth rate outpaced many of its competitors in the Accident & Health Insurance industry, where the average top-line elevation was only 11.43% during the same period.
Despite the robust growth in revenue, Oscar Health Inc. reported a net deficit of $-65.703 million in the third quarter of 2023. However, this represents a significant improvement compared to the same quarter a year ago when the deficit was $-193.547 million. This reduction in the net deficit is a positive sign for the company, indicating better control over its expenses and a path towards profitability.


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Oscar Health Inc does not provide revenue guidance.

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