Mario Schlosser, Co-Founder & CEO of Oscar Health joins the podcast to discuss his tech heavy background, how that led to him co-founding Oscar Health - a health insurance that ‘uses technology and personalized service to give members transparency into the healthcare system and empower them to choose quality, affordable care’, & more.
Summary
Oscar Health CEO Mario Schlosser Talks Tech and Affordable Healthcare
Background in Tech and Gaming Led to Co-Founding Oscar Health
Mario Schlosser, co-founder and CEO of Oscar Health, has a background in computer science, consulting for McKinsey, and running an online gaming company. This unique combination of experiences gave him an insight into how to motivate users to navigate the healthcare landscape. Schlosser co-founded Oscar Health, a health insurance that uses technology and personalized service to give members transparency into the healthcare system and empower them to choose quality, affordable care. Oscar Health's growth strategy is focused on the Affordable Care Act marketplace, which is driven by users wanting affordable healthcare coverage.
Using Technology to Ensure Affordable, Quality Healthcare Coverage
Oscar Health has designed networks, products, websites and mobile apps to ensure members are getting something worth a dollar for less than that. They have been especially successful with diabetes-focused plans, as affordability is the biggest impediment to better quality outcomes in healthcare. The company is working on initiatives to make healthcare more efficient and automated, with the most exciting project being the automation of their payment systems. This will enable them to provide real-time adjudication of claims and payments, making the healthcare experience more seamless and efficient for their members.
Diverse Team and Keeping Up with Technology Advances Are Key to Success
Oscar Health CEO Mario Schlosser believes that to be successful in the healthcare space, leaders need to have a mix of people from different backgrounds, including healthcare, technology, and hospitality. This diversity of perspectives helps the company to understand the complex nature of healthcare and develop solutions that work for everyone. He also emphasizes the importance of keeping up with advances in machine learning, such as large language models, which can be used to automate structured output for healthcare systems.
Making Healthcare Transparent and Empowering for All
Oscar Health's mission is to make healthcare transparent and empowering for all. By using technology and personalized service, they are striving to give their members the tools they need to navigate the complex healthcare system and choose the best care for themselves and their families. As the healthcare industry continues to evolve, Oscar Health is at the forefront of using technology to make healthcare more affordable, efficient, and accessible for everyone.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 03/18/2023 and can be listened here.
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