Humana & Oscar Health Enter Strategic Partnership to Offer Consumer-Focused, Technology-Driven Commercial Small Bus. Health I...
July 12 2017 - 6:00AM
Business Wire
Humana Inc. (NYSE: HUM), one of the nation’s leading health and
well-being companies, and Oscar Health, a consumer-focused,
technology-driven insurance startup based in New York, are
launching a strategic partnership to offer commercial health
insurance to small businesses in a nine-county Nashville, Tenn.
area. The announcement follows the recent launch of Oscar for
Business, the country’s first technology-driven health insurance
for employers in April 2017. The new plans will be available this
fall, pending regulatory approval.
This is a unique partnership that merges Humana’s deep expertise
and experience in provider collaboration, coordinated care, and
health and wellness with Oscar’s technology and data-driven
approach to member engagement to offer a seamless, simple, and
consumer-focused experience to Nashville’s small business
community. The partnership springs from Humana and Oscar’s shared
vision to make health care an easier, more reliable and affordable
experience for their members through technology and connected
care.
The health insurance product will deliver a unique member
experience that leverages Oscar’s Concierge care teams that use
data-driven alerts to help members with their care, 24/7 access to
telemedicine and care search tools, and a mobile experience that
empowers members to manage their health.
“This partnership is about coming together to reimagine health
care coverage for small businesses and their employees, with an
emphasis on simplicity and the end-to-end consumer experience,”
said Humana Group and Specialty Segment President Beth Bierbower.
“It’s gratifying to work with a partner like Oscar that is equally
committed to helping members achieve their best health.”
“We started Oscar for Business to bring a seamless,
consumer-focused health experience to more Americans, and we’re
excited to have the opportunity to work with Humana to serve
members in the Nashville area,” said Mario Schlosser, CEO and
Co-Founder of Oscar Health. “Humana is an ideal partner for Oscar
because of our shared commitment to innovation, technology, and our
members.”
Both Humana and Oscar chose to introduce this partnership in
Nashville because it is home to one of the fastest growing small
business communities in the country and has established itself as a
hotbed for health technology innovation.
Under the Nashville partnership, Humana and Oscar will initially
focus on commercial health insurance for small businesses with 50
or fewer employees in the nine-county Nashville area. It will be
closely coordinated and run by an executive leadership committee
formed between the two companies. The partnership does not include
Oscar’s individual insurance products. Terms of the agreement were
not disclosed.
About Humana Inc.
Humana Inc. is committed to helping our millions of medical and
specialty members achieve their best health. Our successful history
in care delivery and health plan administration is helping us
create a new kind of integrated care with the power to improve
health and well-being and lower costs. Our efforts are leading to a
better quality of life for people with Medicare, families,
individuals, military service personnel, and communities at
large.
To accomplish that, we support physicians and other health care
professionals as they work to deliver the right care in the right
place for their patients, our members. Our range of clinical
capabilities, resources and tools – such as in-home care,
behavioral health, pharmacy services, data analytics and wellness
solutions – combine to produce a simplified experience that makes
health care easier to navigate and more effective.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s web site at
www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission
filings
- Most recent investor conference
presentations
- Quarterly earnings news releases and
conference calls
- Calendar of events
- Corporate Governance information
About Oscar Health
Oscar Health is a technology-driven, consumer-focused health
insurance startup in the individual and small group markets founded
in 2012 and headquartered in New York City. Oscar, the first health
insurance company to make telemedicine services unlimited for
members, uses technology, data and personalized service to guide
members through the health care system and empower them to choose
quality, affordable care. Oscar’s member experience includes a
dedicated Concierge team that proactively reaches out to members to
help them with their care, simple plan designs and clear enrollment
tools, and a tightly integrated, curated network of first-rate
physicians and hospitals. Members can easily manage their care and
access their health history and account information through a
beautiful mobile and web app experience. Backed by a renowned set
of investors and advisors, Oscar currently serves nearly 100,000
individual and small group members in New York, California, and
Texas with plans for continued expansion going forward. Say hi or
learn more at hioscar.com or follow us at
https://twitter.com/OscarHealth.
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version on businesswire.com: http://www.businesswire.com/news/home/20170712005257/en/
Humana Inc.Ross McLerran, 210-617-1771rmclerran@humana.comorOscar HealthAnne Espiritu,
650-796-5488press@hioscar.com
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