Here are five insights:
1. Fidelity’s investment values Oscar at $2.7 billion, up nearly $1 billion from September 2015.
2. In September, Google Capital invested $32.5 million in Oscar.
3. Over the last year, Oscar has increased its customer base from 40,000 to 145,000.
4. Each year, Oscar makes an average of $5,000 per customer, placing revenue near $750 million.
5. The payer lost $120 million in 2015 due to medical bills and growing operating costs.
More articles on coding & billing:
AMA, physicians seek more regulation on provider networks — 5 highlights
What is the real retirement cost for healthcare? 4 things to know
Possible link between health insurance status and head and neck cancer diagnoses: Study — 3 points
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.