Oscar Health Inc Stock Price, News & Analysis

Oscar Health (NYSE: OSCR) announces expansion of its health insurance offerings in Tennessee for 2025 through the ACA marketplace. The company will provide Bronze, Silver, and Gold EPO plans featuring $3 medications, dedicated concierge care teams, and a healthcare app. A new solution, Oscar for Employers and Employees, allows businesses with fewer than 50 employees to offer benefits through tax-free contributions. The network includes major healthcare providers like Vanderbilt, TriStar Health, and Ascension Saint Thomas. Oscar's Spanish language service, Hola Oscar, maintains an NPS of 87.

Oscar Health (NYSE: OSCR) announced its expansion of health insurance offerings in Florida for 2025, covering 30 markets starting January 1. The company will introduce affordable health plans through the ACA marketplace, including Bronze, Silver, and Gold EPO plans with features like $0 virtual primary care and $3 medications. New solutions include Buena Salud, a Spanish-first healthcare solution, and a multi-condition plan offering significant savings for managing diabetes, pulmonary, and cardiovascular diseases. The network includes major healthcare providers like AdventHealth, Memorial Healthcare System, and Baptist Health. Oscar's plans will be available through healthcare.gov, with options for both individuals and small businesses.

Oscar Health (NYSE: OSCR) announces expansion of its health insurance offerings in Iowa for 2025, covering 75 markets starting January 1. The company will provide Bronze, Silver, and Gold EPO plans through the ACA marketplace, featuring $3 medications, dedicated concierge care, and a healthcare app. New offerings include Oscar for Employers and Employees, allowing businesses with under 50 employees to offer benefits through tax-free contributions. The network includes major healthcare providers like Wayne County Hospital, Kossuth Regional Health Center, and MercyOne. Plans will be available in Spanish through Hola Oscar.

Oscar Health (NYSE: OSCR) announces expansion of its ACA marketplace health insurance offerings in Georgia for 2025, covering 47 markets including 17 new ones. The company will offer Bronze, Silver, and Gold HMO plans featuring $0 virtual primary and urgent care and $3 medications. New solutions include Buena Salud for Hispanic and Latino members, employer-sponsored options, and a multi-condition plan for managing diabetes, pulmonary, and cardiovascular diseases with significant cost savings. The network includes major healthcare systems like Emory Healthcare, Atrium Health, and others.

Oscar Health (NYSE: OSCR) announced its 2025 market expansion, bringing affordable health insurance to 504 markets across 18 states. The company is introducing new solutions including:

1. Buena Salud: A Spanish-first solution for Hispanic and Latino members.

2. Employee choice plans: Allowing employees to select from Oscar's suite using employer contributions.

3. Multi-condition plan: For members with diabetes, pulmonary, and cardiovascular disease.

4. Guided Care HMO: Offering lower premiums and out-of-pocket costs with managed care.

CEO Mark Bertolini emphasized Oscar's focus on giving people control over their healthcare choices, while Chief Insurance Officer Alessa Quane highlighted the company's commitment to meeting diverse needs in the ACA market.

Oscar Health, Inc. (NYSE: OSCR), a leading healthcare technology company, has announced its upcoming third quarter 2024 financial results release. The results will be made public before the market opens on Thursday, November 7, 2024. Following the release, the company's management will host a conference call at 8:00 AM (ET) to review the results.

Interested parties can access the call via phone at 1.888.596.4244 using the Conference ID: 7768132. Alternatively, a webcast link will be available. For those unable to attend the live call, an archive will be accessible on Oscar's investor relations website (ir.hioscar.com) for 90 days following November 7, 2024.

Oscar Health (NYSE: OSCR), a leading healthcare technology company, has announced its participation in three upcoming healthcare conferences in September 2024:

• 2024 Wells Fargo Healthcare Conference: CFO Scott Blackley to speak on September 4 at 12:45 p.m. ET
• Morgan Stanley 22nd Annual Global Healthcare Conference: CEO Mark Bertolini to speak on September 5 at 1:50 p.m. ET
• Baird 2024 Global Healthcare Conference: CFO Scott Blackley to speak on September 11 at 2:35 p.m. ET

All presentations will be available via live webcast on Oscar's investor relations website, with replays accessible for 90 days after each event. This series of presentations provides an opportunity for Oscar Health to offer business updates and insights to investors and industry professionals.

Oscar Health (NYSE: OSCR) reported strong Q2 2024 results, with total revenue of $2.2 billion, up 46% year-over-year. The company saw improvements in key metrics:

- Medical Loss Ratio improved 90 bps to 79.0%
- SG&A Expense Ratio improved 260 bps to 19.6%
- Net income of $56.2 million, or $0.20 EPS, a $71.7 million improvement
- Adjusted EBITDA of $104.1 million, a $68.6 million improvement

Based on strong performance, Oscar raised its full-year 2024 outlook:
- Revenue projected at $9.0-$9.1 billion
- Adjusted EBITDA projected at $160-$210 million
- Lower SG&A Expense Ratio of 19.75-20.25%
- Slightly higher Medical Loss Ratio of 80.5-81.5%

Oscar Health, Inc. (NYSE: OSCR), a prominent healthcare technology company, is set to release its financial results for the second quarter of 2024 on Wednesday, August 7, 2024, before the market opens. Management will hold a conference call to discuss the results starting at 8:00 AM (ET). The live call can be accessed by dialing (888) 596-4244 using Conference ID 776-8132, and a webcast will be available. The call will also be archived on Oscar’s investor relations website for 90 days following the event.