FinTech Magazine December 2019 | Page 66

TOP 10
MARKET VALUATION

$ 3bn

07

OSCAR HEALTH

[ New York , NY , USA ]

Oscar Health applies big data and machine learning to the enviable vision of reinventing preventative health care management , with a view to making it more transparent , safer and cheaper . The company was founded in 2013 by Josh Kushner , Mario Schlosser and Kevin Nazemi , each of whom had disruption firmly in mind . At the end of last year it was valued at upwards of US $ 3bn and is continuing to gain members rapidly . Schlosser has gone on record stating that increasing knowledge and options for those seeking health insurance can change the entire health system for the better , noting that change can be brought about through the use of ‘ engagement technology ’.
DECEMBER 2019