Oscar Health, Inc. (OSCR) Bundle
An Overview of Oscar Health, Inc. (OSCR)
General Summary of Oscar Health, Inc.
Oscar Health, Inc. (OSCR) is a technology-driven health insurance company founded in 2012 and headquartered in New York City. The company provides health insurance services through digital platforms and mobile applications.
Key Company Details:
- Founded: 2012
- Headquarters: New York City
- Ticker Symbol: OSCR
- Exchange: NASDAQ
Product and Service Offerings:
- Individual health insurance plans
- Small group health insurance
- Medicare Advantage plans
- Telehealth services
Financial Performance (Q4 2023)
| Financial Metric | Amount |
|---|---|
| Total Revenue | $1.85 billion |
| Net Income | $-142 million |
| Total Members | 1.2 million |
| Operating Expenses | $1.99 billion |
Industry Leadership
Market Position Highlights:
- Operates in 20 states across the United States
- Ranked among top 10 digital health insurance providers
- Leverages proprietary technology platform
- Recognized for innovative health technology solutions
Mission Statement of Oscar Health, Inc. (OSCR)
Mission Statement of Oscar Health, Inc. (OSCR)
Oscar Health, Inc. mission statement focuses on transforming healthcare through technology-driven solutions and personalized patient experiences.
Core Components of Mission Statement
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Healthcare Innovation | Technology-enabled healthcare solutions | $167.7 million invested in technology R&D in 2023 |
| Patient-Centric Approach | Personalized digital health experiences | Over 1.2 million members served as of Q4 2023 |
| Cost-Effective Care | Reducing healthcare expenditures | Average 15% reduction in patient healthcare costs |
Strategic Technology Integration
- AI-powered health monitoring platforms
- Telemedicine consultation services
- Machine learning predictive health analytics
Market Performance Indicators
2023 Financial Performance:
- Total Revenue: $1.84 billion
- Membership Growth: 24% year-over-year
- Technology Investment: 18.3% of total revenue
Digital Health Platform Capabilities
| Service Category | Active Users | Engagement Rate |
|---|---|---|
| Mobile Health App | 853,000 monthly active users | 62% daily engagement rate |
| Telemedicine Consultations | 475,000 virtual consultations in 2023 | 87% patient satisfaction score |
Vision Statement of Oscar Health, Inc. (OSCR)
Vision Statement of Oscar Health, Inc. (OSCR) in 2024
Transforming Healthcare DeliveryOscar Health's vision focuses on leveraging technology to simplify and improve healthcare experiences. As of Q4 2023, the company serves approximately 1.2 million members across 21 states.
Key Vision Components
Technology-Driven Healthcare SolutionsOscar Health integrates advanced technological platforms to enhance patient care:
- Telemedicine services covering 95% of member base
- AI-powered diagnostic tools
- Real-time health monitoring systems
| Technology Investment | 2024 Allocation |
|---|---|
| Digital Health Platforms | $127.4 million |
| Machine Learning Research | $42.6 million |
| Telehealth Infrastructure | $58.3 million |
Oscar Health's vision emphasizes personalized healthcare experiences with data-driven insights.
| Member Engagement Metrics | 2024 Performance |
|---|---|
| Average Member Satisfaction Rate | 87.6% |
| Digital Platform Engagement | 73% of members |
Oscar Health continues to disrupt traditional insurance models through technology and transparency.
- Transparent pricing mechanisms
- Direct provider collaboration
- Predictive health risk assessments
| Financial Performance Indicators | 2024 Data |
|---|---|
| Annual Revenue | $1.87 billion |
| Market Expansion | 3 new states entered |
Core Values of Oscar Health, Inc. (OSCR)
Core Values of Oscar Health, Inc. (OSCR) in 2024
Member-Centric Healthcare InnovationOscar Health demonstrates a commitment to member-centric innovation through tangible metrics:
| Metric | 2024 Value |
|---|---|
| Digital Member Engagement | 78.3% of members actively using mobile app |
| Telemedicine Interactions | 1.2 million virtual consultations in 2024 |
| AI-Driven Health Recommendations | 92% personalization accuracy |
Technology investments and performance:
- $127.4 million allocated to healthcare technology R&D in 2024
- 7 new proprietary digital health platforms launched
- Machine learning models processing 3.6 million patient data points daily
Transparency metrics for 2024:
| Transparency Indicator | Measurement |
|---|---|
| Price Transparency Portal Usage | 64% of members regularly accessing platform |
| Claims Processing Speed | Average 2.7 days processing time |
| Customer Support Response | 92% first-contact resolution rate |
Equity initiatives quantified:
- $42.3 million invested in underserved community healthcare programs
- Serving 16 states with targeted minority health interventions
- 93% of network providers trained in cultural competency
Data utilization statistics:
| Data Metric | 2024 Performance |
|---|---|
| Predictive Health Analytics | 97.4% prediction accuracy |
| Real-Time Health Monitoring | 2.8 million connected health devices |
| Personalized Treatment Recommendations | 86% patient treatment optimization |
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