Oscar Health

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Oscar Health, Inc. is a publicly traded healthcare-technology company founded in 2012 that uses a full-stack technology platform to make health insurance more accessible, affordable, and consumer-friendly. It sells insurance and technology-enabled healthcare products to individuals, families, small businesses, and partners.

Primary product

Oscar Individual & Family health insurance plans, supported by Oscar’s member app, Care Teams, virtual care, Care Router, Provider Platform, and Member Engagement Engine; adjacent products include ICHRA solutions, +Oscar technology services, Lucie Health Marketplace, and Trove Group.

Founded

2012

Headquarters

New York, New York, United States; 75 Varick Street, 5th Floor, New York, NY 10013

Team size

Approximately 1,000–2,200; third-party estimates vary. A current company-profile estimate lists 1,705 employees; Built In lists 2,200.

Work style

Hybrid

Industry

Insurance / healthcare technology

Sub-industry

Health insurance, insurtech, individual-market and small-group health plans, healthcare marketplaces and digital care

Offices

New York, NY

Tempe, AZ

Marina del Rey/Playa Vista, CA

Business model

Premium-based Individual & Family health insurance

Small Group health insurance

ICHRA solutions for employers

Medicare Advantage (historically offered)

B2B healthcare technology through +Oscar

Marketplace and distribution services through Lucie Health Marketplace and related products

Funding

Stage

Public company; IPO on NYSE in 2021 (OSCR). Private funding preceded the IPO.

Total raised

$1.6B

Latest round

Initial public offering · Mar 2021

Latest amount

$140M

Initial public offering

Mar 2021 · Public market investors

$140M

Private equity / growth round

Jun 2020 · Baillie Gifford

$375M

Corporate round

Aug 2018

$165M

Series/venture round

Mar 2018

$400M

Private equity round

Feb 2016

$32.5M

Venture round

Sep 2015

$145M

Series C

Apr 2015

$80M

Series B

May 2014 · Formation 8

$30M

Series A

Jan 2014

$40M

Seed / venture round

Jul 2013 · Thrive Capital

$30M

People & investors

Leadership

Mark Bertolini

Chief Executive Officer

Mario Schlosser

Co-Founder & Advisor to the CEO

R. Scott Blackley

Chief Financial Officer

Okiki Louis, M.D.

President, Oscar Medical Group

Siddhartha Sankaran

Independent Chair of the Board

Louis DeStefano

Chief Growth Officer

Adam Mcananey

Chief Legal Officer

Nick Vigier

Chief Information Security Officer

Founders

Joshua Kushner

Co-Founder

Kevin Nazemi

Co-Founder

Investors

Baillie Gifford

Breyer Capital

Coatue

Dragoneer Investment Group

Scottish Mortgage Investment Trust

Thrive Capital

Tiger Global Management

Wellington Management

Work & culture

Mission-driven, member-first culture centered on transparency, scientific decision-making, grit, direct feedback, inclusion, and improving a frustrating healthcare experience. Current job postings commonly specify three in-office days weekly for hub-based roles, while some roles are fully remote within defined geographic areas.

Work style

Hybrid

Visa sponsorship

Limited

Compensation

Public postings show broad salary bands, equity grants, annual bonuses, unlimited vacation for some roles, and benefits. Examples include approximately $192,000–$252,000 base for Staff Software Engineers and $180,504–$236,911 for senior cloud-infrastructure roles. Department of Labor LCA records indicate historical/current H-1B sponsorship, but sponsorship is role- and location-dependent.

Benefits

Medical, dental, and vision coverage

11 paid holidays

Paid sick time

Paid parental leave

401(k) participation

Life and disability insurance

Paid wellness time and reimbursements

Unlimited vacation for some roles

Company equity grants

Annual performance bonuses

Product & market

Pricing

Insurance premiums, deductibles, copays, and coinsurance vary by plan, geography, age, household, subsidies, and eligibility. Employer ICHRA products use employer-funded monthly allowances; +Oscar and marketplace products are B2B arrangements with pricing not generally public.

Differentiators

—Consumer-oriented digital insurance experience
—Full-stack proprietary technology rather than primarily third-party administration
—Personalized Care Teams and 24/7 virtual-care access
—Care Router designed to steer members toward appropriate, affordable care
—Individual-market specialization and ICHRA expansion
—Member engagement, data, and clinical-navigation capabilities
—Technology products for insurers, employers, and healthcare marketplaces

Technology

Full-stack proprietary healthcare platform

Oscar Member Engagement Engine

Oscar Provider Platform

Care Router

AWS / Google Cloud

Kubernetes

Terraform

GitHub Actions

JavaScript

MySQL

Google BigQuery

Looker

dbt

Apache Hadoop

Scala

Redux

Splunk

AI and machine-learning models

Customers

Approximately 3.17 million members as of March 31, 2026

Individual and family consumers

Small-group employers and employees

Employers using ICHRA arrangements

Healthcare partners and carriers using +Oscar technology

Competitors

UnitedHealthcare

Aetna / CVS Health

Blue Cross Blue Shield plans

Cigna / The Cigna Group

Molina Healthcare

Clover Health

Alignment Healthcare

NeueHealth

eHealth

Collective Health

Scale & contact

Estimated revenue

Approximately $11.7 billion reported revenue for FY2025; 2026 company guidance was $18.7–$19.0 billion. A broad annualized range is therefore approximately $11.7B–$19.0B depending on year.

Signals & risks

Layoff

Aug 2025

Oscar announced expected administrative cost savings of approximately $60 million in 2026, with about half attributed to workforce reduction; the company had missed Q2 expectations and reduced guidance.

Source

Acquisition

Aug 2025

Oscar disclosed acquisitions of INSXCloud, IHC Specialty Benefits, and healthinsurance.org, expanding distribution, brokerage, and digital storefront capabilities.

Source

Other

Jul 2025

Q2 2025 produced a $228.4 million net loss and a 91.1% medical loss ratio; management cited market morbidity, risk-adjustment transfers, ACA policy, and possible expiration of enhanced premium tax credits as material uncertainties.

Source

Other

Feb 2026

Oscar entered a $475 million secured three-year revolving credit facility; its 2026 outlook depended on materially improved profitability and continued membership growth.

Source

Latest news

Oscar Health Announces Strong Financial Results for First Quarter 2026 and Reaffirms 2026 Guidance

Oscar Investor Relations · May 2026

Q1 revenue was approximately $4.65B, net income $679M, and membership 3.17M; Oscar reaffirmed its 2026 outlook.

Oscar Health appoints Siddhartha Sankaran as Independent Chair of the Board

Oscar Investor Relations · Apr 2026

Oscar announced Sankaran as independent board chair, an important governance update.

Oscar Health Announces Financial Results for Fourth Quarter and Full Year 2025

Oscar Investor Relations · Feb 2026

FY2025 revenue reached approximately $11.7B; Oscar announced record membership and 2026 revenue guidance of $18.7B–$19.0B.

Oscar Health misses estimates in Q2, plans layoffs and inks Hy-Vee-branded ICHRA plan

Fierce Healthcare · Aug 2025

Reported Q2 loss, reduced guidance, expected workforce reductions, Hy-Vee ICHRA partnership, and acquisitions of INSXCloud, IHC Specialty Benefits, and healthinsurance.org.

Oscar Health Announces Financial Results for Second Quarter 2025 and Reaffirms Updated 2025 Guidance

Oscar Investor Relations · Jul 2025

Q2 revenue was $2.86B, net loss $228.4M, and MLR 91.1%; management cited risk adjustment, morbidity, and ACA policy risks.

Jobs and careers at Oscar Health

295 jobs at Oscar Health

Market Medical Officer, Texas + West

Remote

Member Programs

Remote; Texas, United States

Today

Remote

Full-time