Oscar Health (OSCR): Future Growth and Stock Forecast

This site is a great place for me (@mifsee(2) has been working on company and stock analysis while learning privately.

This is only a record of my personal analysis and the contents may contain errors or information that differs from the actual situation. Please understand in advance when viewing this site.

Introduction.

In researching stocks in the health tech sector, we focused on Oscar Health and proceeded to investigate whether it could be considered as an investment.

Oscar Health is an industry leader in providing advanced medical insurance services utilizing virtual care (telemedicine) and AI.

Due to its high growth potential and innovative business model, there are high expectations for its future development.

This article will delve into Oscar Health's business, its unique strengths, and its future prospects.

What is Oscar Health (OSCR) and what is its business?

• Oscar Health, Inc,Leveraging technology to provide health insurance servicesA U.S. company that doesHealth insurance plans primarily for the individual market and small businessesThe company aims to improve the user experience through its digital platform.
• The company's business is aimed at simplifying healthcare services, particularlyEfficient access to healthcare for insured users through the use of virtual care and digital toolsThe company is supporting the following activities.
• Oscar Health's goal is to improve the quality of healthcare by using data science and AI technologies to provide care tailored to the needs of individual users.
• The business features virtual urgent care and virtual primary care 24 hours a day, 7 days a week,Members can access their physicians online at any time.Also, through partnerships with major medical institutions and insurance companies such as Cleveland Clinic and Cigna,They have an extensive medical network.
• The company's mission is to use technology to make health insurance more accessible, transparent, and efficient. In particular, the company simplifies the complex insurance system in the U.S. and provides consumers with greater transparency into their health care costs.

Business Features

• Comprehensive digital platform:Oscar Health offers a centralized platform for online medical appointments, ordering medications, and managing medical expenses.
• Personalized Care:Utilizes AI to analyze user data and suggest appropriate medical care.
• Transparency of health care costs:Users can easily obtain details of medical costs and insurance coverage.
• Virtual Care:Virtual provision of urgent care and primary care is made available 24 hours a day for the convenience of users.

Oscar Health's company information is below.

• Company Name:Oscar Health, Inc.
• Date of Establishment: 2012
• Name of Representative:Mario Schlosser : Mario Schlosser
• Official Site: https://www.hioscar.com
• Main Businesses: Providing health insurance plans, virtual care services, and developing technology platforms

What is Oscar Health's (OSCR) business model?

Medical insurance services using digital technology

At the heart of Oscar Health's business model is the provision of health insurance services using digital technology.
The company has created a platform that provides users with easy online access to medical care and improved convenience.
Particularly,ba (Haitian dance music)A key feature is the introduction of virtual care, which provides emergency medical services and primary care 24 hours a day, 7 days a week, 365 days a year.

Personalized Medicine with Virtual Care and AI

Oscar Health uses AI and data science to analyze users' medical data in real time,It provides personalized medical care tailored to individual needs.This technology allows for the rapid delivery of needed care, improving the quality of care and reducing costs.

Tools to increase transparency of health care costs

Emphasis on transparency of health care costsThe U.S. health insurance system has been working to improve transparency and transparency in the U.S., and users have access to tools that allow them to easily view details of their coverage and health care costs. In the complex U.S. health insurance system, this increased transparency is a major benefit to users.

Cost Efficiency and Profit Models

Revenues are primarily derived from premium income from subscribers.The company states that it is The company is improving the profitability of its business by using virtual care and digital platforms to provide quality healthcare services while streamlining costs.

What's so great about Oscar Health (OSCR)?

A brief summary of the amazing points of Oscar Health.

Oscar Helus is,This medical insurance service uses digital technology and is attractive in that it is easy to use for beginners.
It is very convenient to easily manage your insurance and medical consultation through your smartphone or computer.
In particular, "Virtual Care," which allows users to consult with doctors online 24 hours a day, 365 days a year, offers great convenience to users in that they can receive medical services without going to the hospital.

Also,Another unique strength is a system that uses AI to analyze individual health data and suggest the best medical services for that person.It is.

Medical costs are also easy to understand, because it is easy to see which services are covered by insurance and how much they cost,medicineHigh transparency of medical expensesThe new system is easy to use and does not require any complicated procedures. These are the reasons why it is easy and secure for beginners to use.

What is the background of Oscar Health (OSCR)?

Oscar Health was founded in 2012 by Mario Schlosser and Joshua Kushner.

The establishment was driven by dissatisfaction with the complex and expensive health insurance system in the U.S. and the goal of providing consumers with more accessible and transparent health insurance coverage.

Oscar Health aims to provide consumer-focused, easy-to-use insurance plans, and is focused on using technology and data science to improve healthcare cost transparency and quality of care.

Particularly,At the time, virtual care and simplified digital experiences were not widespread in the insurance market, and Oscar Health made this a major differentiator.

The passage of the Affordable Care Act (ACA, commonly known as Obamacare) was also expected to increase the number of people insured in the individual market, and Oscar Health took advantage of this policy to achieve rapid growth.

What are the growth factors for Oscar Health (OSCR)?

Leveraging Technology and Data Science

Oscar Health provides health insurance services through a digital platform and leverages technology to improve the customer experience.
In particular, the company's use of AI and data science to analyze individual user health data and rapidly provide appropriate medical services has been a major growth factor.

Widespread use of virtual care

Virtual Care is a 24/7 telemedicine service whose demand increased rapidly in the wake of the pandemic.
Oscar Health was one of the first to introduce this and has gained a large share of the telemedicine market. Users can easily consult with doctors online, which is highly convenient and contributes to user satisfaction.

Expanding Partnerships

Partnerships with health insurance giants Cigna and Cleveland Clinic have played an important role in Oscar Health's growth.

They are able to build broader health care networks and offer competitive plans to small businesses and the individual market.

Impact of the Affordable Care Act (ACA)

The introduction of the Affordable Care Act (ACA, Obamacare) expanded the individual insurance market, and Oscar Health took advantage of this rapid growth.
Based on the ACA, the number of insureds increased, helping the company increase its market share.

These factors have combined to make Oscar Health a competitive and growing healthcare tech company.

What is the status of virtual care and telemedicine implementation and how effective are they?

Oscar Health's (Oscar Health) implementation of virtual care and telemedicine has contributed significantly to the company's growth.

Virtual Care is an online 24/7 medical service that can be used for emergencies and primary care.
This system has greatly met the needs of users, especially since the COVID-19 pandemic.

Status of Introduction

Oscar Health has been offering virtual care to all members since 2014.
Subscribers can receive medical consultation and treatment remotely using a smartphone or computer.

The "Virtual Urgent Care" and "Virtual Primary Care" services are particularly popular, and users benefit from reduced wait times and prompt care.

In addition, Oscar Health will utilize data science and AI to collect and analyze users' health data in real time to provide optimal treatment.

This digital infrastructure is bringing doctors and patients closer together and enabling personalized medical services, even remotely.

Effectiveness of Virtual Care

The following benefits have been observed with the introduction of virtual care

• Improved Convenience: Patients can easily access medical services from their homes and workplaces, significantly reducing travel and waiting time to medical facilities. Demand surged especially during pandemics.
• cost reduction: Compared to traditional face-to-face clinics, virtual care reduces the cost of health care. Both the company and the user benefit financially because operating costs at the clinic and the patient's medical expenses are reduced.
• Expanding access to healthcare: Patients in rural areas and areas with few medical facilities have easier access to specialists, contributing to the reduction of disparities in healthcare. Virtual care has expanded the availability of medical services, enabling more people to access quality healthcare.
• Improve user satisfaction: Oscar Health is increasing customer satisfaction with the widespread use of virtual care. About half of its users use Virtual Care every month, and they appreciate its accessibility and ease of use.

Oscar Health's virtual care implementation has significantly improved the efficiency and convenience of its medical services and has been a key factor in the company's growth.

What is the impact of partnerships with major companies such as Cigna?

Oscar Health is growing its business and strengthening its competitiveness through partnerships with leading health insurers such as Cigna.
The partnership has several important implications, most notably

Expand business scale and customer base

The partnership with Cigna has allowed Oscar Health to significantly expand its customer base.
By jointly offering medical insurance plans, especially for small and medium-sized businesses, the company is expanding its access to the corporate market as well as the individual market.

As a result, the business has become more diversified, helping to build a stable revenue base.

Strengthening the medical network

By gaining access to Cigna's extensive medical network, Oscar Health's clients are now able to work with more medical providers.
As a result, insureds have a diverse selection of health care services and improved quality and access to care. The partnership with Cigna provides a variety of healthcare options that Oscar Health alone could not offer.

Increased competitiveness

By leveraging Cigna's brand strength and resources, Oscar Health is able to compete with other large insurance companies, putting it in a stronger position in the personal and commercial insurance markets.

In addition, by leveraging Cigna's years of experience and expertise, the company is able to offer more competitive insurance plans to meet the needs of its clients.

Improved cost efficiency

The partnership with Cigna also serves as a cost-saving measure for Oscar Health.
In particular, Cigna's operational efficiencies and economies of scale will allow it to reduce insurance operating costs and offer more affordable insurance plans. As a result, Oscar Health is able to offer services at competitive prices and improve customer satisfaction.

Thus, partnerships with major companies such as Cigna provide significant growth opportunities for Oscar Health and are an important factor in significantly improving its competitiveness and quality of service.

What technology does Oscar Health (OSCR) utilize?

Oscar Health makes extensive use of the latest technology to provide innovative services in the health insurance industry.

Digital Platforms and Mobile Apps

Oscar Health provides a digital platform that makes it simple for members to access medical insurance and health care.
Through the mobile app, customers can make appointments for medical services, check medical bills, and access virtual care.

Insurance subscribers can manage their medical information anytime, anywhere. The easy-to-use interface and intuitive operability have led to high customer satisfaction.

Leveraging AI and Data Science

Oscar Health uses AI and data science to monitor the health status of its insureds in real time and provide personalized healthcare recommendations. This automatically presents the best medical services for the user, improving the quality and efficiency of healthcare.

For example, AI-based analysis can predict when a particular treatment or medical service is needed, allowing for a quick response.

Virtual Care and Telemedicine Technology

Oscar Health was an early adopter of virtual care, providing 24/7 online access to physicians.
The use of telemedicine technology has experienced significant growth during the pandemic and the proliferation of non-contact medical services. As a result, patients could receive a doctor's diagnosis from the comfort of their own homes without the need to travel to a clinic.

Real-time processing of medical data

Oscar Health uses a cloud-based system to process medical data in real time. This technology enables smooth information sharing between physicians and patients, as the medical records and treatment progress of insured patients are instantly accessible.

Furthermore, by using AI-based data analysis, it is possible to propose the optimal treatment and care plan for each patient.

Algorithms for health management and behavior prediction

Oscar Health uses algorithms to enhance health management and disease prevention. By analyzing subscribers' behavioral data and past medical history and predicting future risks and medical needs, the company is able to control medical costs and avoid unnecessary medical treatment, improving overall cost efficiency.

By leveraging these technologies, Oscar Health offers a different user experience than traditional health insurers and continues to grow as an innovative, digitally driven company.

What is the trading market?

Oscar Health is traded on the New York Stock Exchange (NYSE) under the ticker symbol "OSCR". The company went public in 2021 with an initial public offering (IPO).

What are Oscar Health's (OSCR) sectors, industries, and themes to which it belongs?

sector

Healthcare: Oscar Health is part of the healthcare sector and provides health insurance and other services. In this sector, the importance of streamlining healthcare costs, adopting digital healthcare, and improving access to healthcare services is a key focus, and Oscar Health is leveraging its digital platform to meet these needs.

type of industry

Health Insurance: Oscar Health is classified in the health insurance industry. The company offers health insurance plans for individuals and small businesses, and uses virtual care and digital tools to provide efficient and transparent insurance services to its users.

Themes belonging to

Digital Healthcare and Insurtech: Oscar Health is a digital healthcare company focused on streamlining healthcare services through virtual care and data science. Also recognized as an InsurTech company, it focuses on using technology to improve health insurance transparency and simplify access to health care services

Dividends?

Oscar Health does not currently pay a dividend.

What is the size and growth potential of the industry to which Oscar Health (OSCR) belongs?

Oscar Health, Inc. is located in the health insurance and digital healthcare (Insurtech) industries. The size and growth potential of these industries are described below.

Medical Insurance Industry

The U.S. health insurance market is worth about $1.2 trillion (as of 2023)It is considered to be a very large market.
This market has been impacted by factors such as government regulations, rising health care costs, and an aging population. In particular, the introduction of the Affordable Care Act (ACA) has greatly expanded the individual market, creating growth opportunities for startups such as Oscar Health.

Over the next few years, the health insurance industry is projected to grow at an annual rate of about 51 TP3TThe market is growing at a rapid pace, with digitization and technology adoption, in particular, being factors that are accelerating this growth. The proliferation of telemedicine and virtual care is a driving force for market expansion.

Digital Healthcare (Insurtech) Industry

The overall digital healthcare market was worth about $140 billion in 2021 and is projected to grow to $430 billion by 2028.

The compound annual growth rate (CAGR) is 17.41 TP3Tand innovation is expected to drive the industry as a whole. Oscar Health is a leader in this rapidly growing field as an InsurTech company offering a digital platform and virtual care.

Oscar Health has particular strengths in virtual care and telemedicine, and is well positioned to grow as these markets expand.

Who are Oscar Health's (OSCR) competitors?

Major competitors of Oscar Health, Inc. include.

United Health Group [UNH].

UnitedHealth Group is the largest provider of health insurance and related services in the United States.
The company is particularly strong in healthcare cost management and medical technology, and holds market share with its extensive network and huge membership.

For Oscar Health, UnitedHealth Group offers a more traditional approach to health insurance, but in recent years has also focused on digital health care and technology.

Anthem [ANTM].

Anthem is one of the leading health insurance providers in the United States. In addition to its traditional insurance plans, the company is also implementing digital healthcare technology, with a particular focus on customized care services for its clients.
Anthem offers a wide range of insurance products for individuals and businesses and has many areas of competition with Oscar Health.

Aetna [CVS].

Aetna, a medical insurance company under CVS Health, is a major player in the health insurance market. In particular, it offers comprehensive health care services linked to its pharmacy network, as well as telemedicine and digital health management.

Aetna is developing a service to compete with Oscar Health's Virtual Care.

Molina Healthcare [MOH].

Molina Healthcare is a provider of health insurance primarily to low-income families, offering Medicaid and Medicare-related plans.
While Oscar Health is growing in the individual market, Molina Healthcare has strength in low-income and public plans and competes in these markets.

Humana [HUM

Humana is a leading health insurance company offering Medicare plans primarily for seniors. It competes with Oscar Health in the areas of virtual care and health management technology, although it focuses on a different target audience than Oscar Health.
Humana is also strengthening its use of digital technology, and they share similarities in that they offer personalized health plans.

To differentiate itself from these competitors, Oscar Health is focusing on virtual care and personalized medical services using digital technology.

What are Oscar Health's (OSCR) differentiators and advantages over the competition?

There are several key differentiators and advantages of Oscar Health (OSCR) over its competitors.

Proactive use of technology and data science

Oscar Health's biggest differentiator is,Technology-enabled digital platformandUse of Data ScienceThe first is.

Oscar offers virtual care and proposes personalized medical services by using AI to analyze users' health data in real time. The result is that users benefit from faster and more efficient access to care.

While traditional health insurance companies tend to offer medical services and insurance separately, Oscar differentiates itself from the competition by leveraging technology to provide an integrated experience for both insurance and medical care.

Virtual Care Leadership

Oscar Health is an early adopter of virtual care services,24/7 online medical careand offers the convenience of quick access to medical services in the event of an emergency, eliminating the need to go to a medical facility.
As the demand for telemedicine rapidly increases in the wake of the pandemic, Oscar has become a leader in this field.

Personalized care and transparent services

Oscar Health is also focused on increasing transparency of medical costs. Insureds are provided with tools that allow them to easily view details of their coverage and medical costs, eliminating the uncertainty and uncertainty associated with medical services.

Furthermore, the company differentiates itself from the competition by proposing optimal medical services to individual users through AI-based health management tools.

Improved customer experience

Oscar Health offers an intuitive and easy-to-use mobile app and online platform to improve customer experience (CX).

Clients have easy access to medical services and insurance information, and higher customer satisfaction compared to other health insurance providers.

Strengthening Partnerships

Through partnerships with leading insurers such as Cigna, the company has access to an extensive health care network, allowing its policyholders to enjoy a wealth of choices. Through these strong partnerships, Oscar is expanding its range of services and maintaining its competitive edge.

These factors are Oscar Health's competitive advantage, and it differentiates itself from other insurance companies by using digital technology to provide efficient and personalized health insurance services.

What is Oscar Health's (OSCR) growth strategy?

Oscar Health's growth strategy is based on four main elements

Expansion of digital platforms

Oscar Health is a health insurance provider forStrengthening the digital platformis a top priority: to provide personalized healthcare services through the use of AI and data science.

Through this platform, the company promotes the provision of virtual care and the use of health management tools to provide subscribers with easy access to medical services. This will enhance the convenience of insurance services and improve customer satisfaction.

Further promotion of virtual care

Oscar Helus is,Expand use of virtual careis a pillar of growth for the company, which aims to increase its share of the telemedicine market by improving access to medical care through online medical services provided 24 hours a day, 365 days a year.

Virtual care has become increasingly important since the pandemic, and Oscar continues to invest in this area and promote strategies to attract more users.

Strengthening Partnerships

Oscar Health is expanding its business by strengthening strategic partnerships with leading health insurance companies and medical institutions.
Through its alliance with Cigna, the company aims to expand its customer base by entering the corporate insurance market and offering services for small business owners. Through these alliances, Oscar has a more extensive medical network and offers its customers more diverse options.

Expanding market share and leveraging regulations

Oscar Health is taking advantage of growth opportunities in the individual market created by regulations such as the Affordable Care Act (ACA) to expand its share of the health insurance market.
In particular, the company is pursuing a strategy to broaden its consumer base by offering low-cost, easy-to-use insurance plans, with the aim of strengthening its position in the personal insurance market.

It is also looking to flexibly adapt to regulatory changes and expand into new markets and service areas.

With these growth strategies, Oscar Health aims to continue to strengthen its leadership in digital healthcare and expand its customer base.

Oscar Health (OSCR) Financial Results

Oscar Health's financial year ends on December 31.
The schedule for the announcement of quarterly financial results is as follows

• 1Q Results: (1)Around early May
• 2Q Results: (1) Consolidated Around early August
• 3Q Results: (1)Around early November
• 4th quarter and full year results: (1) Around early February

First, we will review the following four indicators to perform a minimum performance analysis of Oscar Health.

1. Sales:An indicator of a company's performance and growth.
2. Operating cash flow and operating cash flow margin:An indicator that looks at how much cash a company generates from its services. Margins are considered excellent when they are 15% of that ratio.
3. Operating Income:Profit earned by a company from its core business. An indicator to evaluate a company's performance.
4. EPS:An indicator that looks at a company's earning power "profitability" and "growth potential" in terms of net income per share. The higher the number, the higher the profitability.

Each data is,Investing.com, ,TradingViewSee from

Oscar Health (OSCR) Stock Price

Oscar Health's current real-time stock price chart (TradingView).

The chart shows the Relative Strength Index (RSI). Reference as an indicator of market overheating.

*An overbought indicator when the RSI exceeds 70% to 80%, and conversely, an oversold indicator when the RSI falls below 20% to 30%.

Oscar Health Quarterly: Sales Trends

Quarterly sales forecasts and actual sales and year-on-year changes.

Sales forecasts and actual results are shown in graphs.

Oscar Health Quarterly: Operating Cash Flow Trends

Quarterly operating cash flow and operating cash flow margin.

Each transition is shown in the graph below.

Oscar Health Quarterly: Operating Income

Quarterly operating income.

Each transition is shown in the graph below.

Oscar Health Quarterly: EPS Trends

Quarterly EPS forecast and actual EPS.

Each transition is shown in the graph below.

Oscar Health Full Year: Sales Trends

This is the sales forecast for the full year and actual sales and year-on-year changes.

Each transition is shown in the graph below.

Oscar Health Full Year: Operating Cash Flow Trends

Operating cash flow for the full year and operating cash flow margin.

Each transition is shown in the graph below.

Oscar Health Full Year: Operating Income Trends

Operating income for the full year.

Each transition is shown in the graph below.

Oscar Health Full Year: EPS Trends

This is the EPS forecast and actual EPS for the full year.

Each transition is shown in the graph below.

What are the future students of Oscar Health (OSCR)?

The following factors indicate Oscar Health's promise and challenges for the company's future.

Technology-driven healthcare model

Oscar Health relies heavily on virtual care and digital platforms, which has been key to the company's growth.
The demand for digital healthcare and telemedicine in the medical industry is expected to continue to grow, and Oscar can maintain its lucrative position by capitalizing on this trend.

The provision of technology-enabled healthcare services can be a differentiating factor from competitors in terms of transparency and efficiency in healthcare costs.

Virtual Care Growth Opportunities

The COVID-19 pandemic has led to a surge in demand for telemedicine and virtual care, and this sector is expected to continue to grow.Oscar Health is an early adopter of virtual care and has already established a certain presence in the market and will likely be able to take advantage of this growth opportunity.

Market size and policy support

Oscar Health is targeting a large share of the overall U.S. healthcare market.
The expansion of the individual market, especially through the Affordable Care Act (ACA), has created a favorable situation for the company.

If government healthcare policies continue to support the individual insurance market, Oscar's market is expected to expand.

Profitability Challenges

Oscar Health, on the other hand, has yet to turn a profit, and this is the biggest risk factor to its future prospects. Improving profitability will require reducing operating costs and expanding the subscriber base. In addition, the company is still small compared to its competitors, and it will take time to establish financial stability.

competitive environment

Oscar Health faces stiff competition from major insurers such as UnitedHealth Group and Anthem. These competitors are adopting technology in the same way that Oscar is, which may make differentiation more difficult.

In general, Oscar Health's future depends strongly on the growth of the digital healthcare sector and the proliferation of virtual care, but improving profitability and dealing with the competitive environment will be key issues going forward.

Oscar Health (OSCR) Q2 2024 Financial Results Summary

• Total Sales: $2.219 billion, an increase of 461 TP3T over the same period last year.
• Medical Loss Ratio (MLR): 79.01 TP3T, an improvement of 0.91 TP3T from 79.91 TP3T in the same period last year. This was due to a favorable turnaround in past health care expenditures.
• SG&A to sales and administrative expense ratio (SG&A): 19.61 TP3T, an improvement from 22.21 TP3T in the same period last year.
• net income: Net income attributable to Oscar was $56.2 million, an improvement from a loss of $15.52 million in the same period last year.
• Adjusted EBITDA: $104.1 million, a $68.6 million improvement over the same period last year.

Major Factors

• Factors behind the increase in sales: The increase was mainly due to an increase in membership and higher premiums. Although some risk adjustment effects were observed, they contributed to the overall increase.
• Improved medical loss ratio: The percentage of medical costs decreased from the previous year, mainly due to improvements in past medical expenditures.
• SG&A Cost Reduction: The cost to income ratio improved significantly due to improved fixed cost leverage and variable cost efficiencies.

membership base

• Total number of members: 1,580,725, up from 970,543 in the same period last year.
  • Individuals and small groups: 1,522,432.
  • Cigna+Oscar Alliance Plan: 58,293 people.

Future Outlook

• FY2024 Full-Year Forecast: Sales revised upward to a range of $9 billion to $9.1 billion and Adjusted EBITDA to a range of $160 million to $210 million.

Oscar Health showed significant improvement in both revenue and profit in Q2 2024 compared to the same period last year. In particular, reductions in medical loss ratios and SG&A costs have contributed to the improved performance, and the company is expected to continue to grow through membership expansion and cost efficiencies.

Oscar Health (OSCR) Q3 2024 Financial Results Summary

Sales and Revenues

• Net sales: Total sales for the third quarter were $2,423 million, up 68% from the same period last year. This was mainly due to an increase in membership and higher premium rates.
• Medical Loss Ratio (MLR): 84.6%, up 0.8 points from the same period last year. The increase was particularly affected by subscriber growth and risk adjustment costs during the special enrollment period.
• Operating profit ratio: The selling, general and administrative (SG&A) ratio was 19.0%, a 3.6 percentage point improvement over the same period last year, indicating improved cost efficiency.

grace (of God, Buddha, etc.)

• Adjusted EBITDA: $11.56 million loss, an improvement of $8.7 million over the same period last year. Impacted by improved operating efficiency and cost control.
• net loss: Net loss attributable to Oscar Health was $54.6 million, down from $65.7 million in the same period last year.

Future Guidance

• Full-year sales forecast for FY2024SG&A expenses are expected to improve.
• Medical Loss Ratio Forecast: MLR is expected to remain near the upper end of the previous forecast range of 80.5% to 81.5%, and the risk of increased expenses remains.

Factors behind the decline in stock prices

• Rising medical loss rates: The medical loss ratio increased YoY, particularly due to the impact of risk adjustment costs for the special enrollment period.
• Risk of rising health care costs: Increased costs related to the novel coronavirus and the risk of rising medical costs due to increased demand for medical services remained, and uncertainty about future earnings was perceived by investors as a concern.

Oscar Health aims to achieve profitability and revenue growth in FY2024 by improving healthcare cost risk management and cost efficiency.

Which brokerage firms can I buy shares of Oscar Health (OSCR)?

The following is a list of major brokerages that offer Oscar Health (OSCR) shares. At these brokerages, you can choose to invest as a CFD (Contract for Difference) as well as directly as a foreign stock.

I myself mainly use SBI Securities, but some stocks they handle may not be available for purchase. In such cases, I sometimes use CFDs at Saxo Bank Securities or IG Securities.

summary

We have delved into the details of Oscar Health's business, its unique characteristics, competitive advantages, and earnings growth.

Although the forecast data indicate that the company will not be profitable in FY2024, the growth potential of its sales and the notable theme of increasing demand for telemedicine confirm that the company is a very promising stock for future growth.

Although the stock price is still in the $20 range, this is a small company that is steadily growing, and from a long-term perspective, it is a stock that we would like to accumulate steadily.