Oscar Health CEO Aims to Transform US Healthcare System

Mark Bertolini, CEO of Oscar Health, stated his intention to transform the U.S. healthcare system, aiming to make it work for all Americans. Bertolini, who joined Oscar Health in 2023, previously led Aetna through its $69 billion sale to CVS Health in 2018 and served as co-CEO of Bridgewater, which managed $168 billion in assets. He also chairs the board of Verizon, a company with a $177 billion market capitalization.

Oscar Health, founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser, differentiates itself by building provider networks tailored to specific local communities, diverging from the broad commercial networks used by established insurers. Bertolini believes this localized strategy, combined with a technology-first approach, leads to improved cost management and customer service. The company reported $11.7 billion in revenue last year, with a market value of $8.5 billion.

In line with its tech-first strategy, Oscar Health introduced Oswell, a personal AI health assistant powered by OpenAI models, in the past year. Oswell assists patients with medication and appointment tracking, and answers health-related queries. Oscar clinicians can also utilize Oswell to review treatment alternatives. Earlier this year, Oscar launched Lucie Health, further expanding its technological offerings in healthcare delivery.