Layoff
Aug 2025Oscar 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.
SourceCompany research
Public company, workplace, funding, and market signals
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
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
People & investors
Leadership
Chief Executive Officer
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
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
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
Acquisition
Aug 2025Oscar disclosed acquisitions of INSXCloud, IHC Specialty Benefits, and healthinsurance.org, expanding distribution, brokerage, and digital storefront capabilities.
SourceOther
Latest news
Oscar Investor Relations · May 2026
Q1 revenue was approximately $4.65B, net income $679M, and membership 3.17M; Oscar reaffirmed its 2026 outlook.
Oscar Investor Relations · Apr 2026
Oscar announced Sankaran as independent board chair, an important governance update.
Oscar Investor Relations · Feb 2026
FY2025 revenue reached approximately $11.7B; Oscar announced record membership and 2026 revenue guidance of $18.7B–$19.0B.
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.
Open Positions
269 jobs at Oscar Health
Senior Software Engineer, Cloud Infrastructure / SRE
On-site
Engineering
San Francisco, California, United States
Today
On-site
Full-time