Co-Founder Mario Schlosser will become the President of Technology and report directly to Mark. As President of Technology, Mario will be responsible for overseeing product and engineering, with a specific emphasis on advancing Oscar’s technology platform and setting the direction for the +Oscar roadmap.

Oscar appoints industry leader as new CEO

Mark Bertolini is the former Chairman and CEO of Aetna Inc. and a respected voice in national healthcare. During his tenure at Aetna, Mr. Bertolini championed a shift towards consumer-oriented healthcare and emphasised the importance of value-based care, digitisation, and community-based integrated care. He also held executive positions at Cigna, NYLCare Health Plans, and SelectCare, Inc.

Meanwhile, Oscar Health’s co-founder, Mario Schlosser, will transition to the role of President of Technology, where he will lead product and engineering efforts to enhance Oscar’s technology platform and shape the +Oscar roadmap. Mr. Schlosser will remain a member of Oscar’s Board of Directors, which will expand to include Mr. Bertolini.

In addition to the leadership changes, Oscar Health has reaffirmed its 2023 guidance, as outlined in its 4Q22 earnings report on February 9, 2023. The company also plans to release its first quarter 2023 financial results after the market closes on Tuesday, May 9, 2023.

Oscar Health implementing continued growth strategy

Speaking about the changes, Oscar co-founder Mario Schlosser, said: “I have worked closely with Mark in his role as a strategic advisor to Oscar for the past 18 months and it’s become clear that we share a vision for the future of healthcare.

“By pairing my passion in tech with Mark’s extensive expertise in building and scaling companies, we are well-positioned to continue to execute our strategy for profitability, set Oscar up for continued growth, and deliver enhanced value for our members and shareholders.”

“Mark brings invaluable leadership expertise and a track record for driving growth and profitability at scale. He has a long history of pushing the healthcare industry to be more forward-looking about the role of technology, and we are thrilled he will bring his insights to Oscar. We are confident he will position Oscar for long-term success,” said Jeffery Boyd, Oscar’s Chairman of the Board.

Mr. Boyd continued, “Mario and Josh built Oscar with the intention of changing the healthcare insurance industry, and, under Mario’s leadership, Oscar has been successful in driving that vision forward. Mario is a disruptive leader who, in his new role, will continue to push the company to think creatively about how technology can change healthcare in the U.S.”

Bertolini added: “Oscar Health is an established challenger brand in the healthcare industry, pushing the boundaries of how insurance operates and delivers for members. I am proud to join the company at this pivotal time, and excited to cement Oscar’s future as a leader in the industry.”