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Humana and Oscar Health Enter Strategic Partnership to Offer Consumer-Focused, Technology-Driven Commercial Small Business Health Insurance, Beginning in Nashville Area

Category:

Wednesday, July 12, 2017 6:00 am EDT

Dateline:

LOUISVILLE, Ky. & NEW YORK

Public Company Information:

NYSE:
HUM
US4448591028
"It’s gratifying to work with a partner like Oscar that is equally committed to helping members achieve their best health."

LOUISVILLE, Ky. & NEW YORK--(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.

Contact:

Humana Inc.
Ross McLerran, 210-617-1771
rmclerran@humana.com
or
Oscar Health
Anne Espiritu, 650-796-5488
press@hioscar.com