Oscar Health
A personal AI agent helps plan members manage their health status and select appropriate plans.
Array Behavioral Care adds three new executive members to its team, and a new senior vice president of regulatory affairs joins Elucid.
Akili, Oscar Health and Bright Health also post third quarter results.
2022 Look Ahead
More payers launched virtual-first plans, insurtechs went public, and the digital mental health space brought in plenty of funding dollars this year.
+Oscar focuses on giving provider-sponsored and regional health plans the services and technological capabilities of larger health plans.
Also: Oscar Health IPO dips below expectations; DrChrono's new "all-in-one telehealth app experience."
Founded in 2012, Oscar has grown to an approximate membership of 529,000, an annual revenue of $1.67 billion and a lifetime accumulated deficit of $1.43 billion.
This raise follows a summer round of $225 million for the insurtech startup.
Alphabet, General Catalyst, Kholsa Ventures, Lakestar, Thrive Capital and Baillie Gifford participated in this round.
As politicians and their constituents grapple over Medicare for All, these well-funded startups hope to capitalize on the public’s appetite for new, consumer-friendly approaches to health insurance.