In an about-face, Oscar turns to narrow-network strategy to reach enrollment goals

Oscar Boosted Its Total Enrollment To 145000 Customers In 2016 Compared To 40000 In 2015 - In An About - Face Oscar Turns To Narrow-Network Approach To Reach Enrollment Goals

Free soundness Payer everyday's Newsletter More than 38,000 HP plan executives study FierceHealthPayer to stay current on trends in healthcare payment cost containment methods, the ICD and as well reform 9/'ICD10' transition, fraud prevention or more. Sign up for FREE now! The everyday's health insurance firm that says it wants to disrupt the market sector is doing an about face from the broad network approach it extolled at its birth in 2012, bloombergreports.

Oscar soundness of body Insurance Corp. Just keep reading. Plans with limited provider networks are increasingly regular on the Affordable Care Act exchanges as insurers look to contain costs and consumers are oftentimes willing to pay a higher price for access.

Whenever leaving out newest York Presbyterian affiliated hospitals and Memorial Sloan Kettering Cancer Center where Oscar CEO Mario Schlosser previously said he'd rather choose to send a patient with an eye to achieve better outcomes, the insurer has whittled down providers list it covers in the Empire State. Still, oscar boosted its total enrollment to 145,000 customers in 2016, compared to just 40,000 in 2015, bloomberg notes. This is the case. In its 1st year operating in Texas, it gained 43,000 members helped by the reason that it offered the least pricey mid level plan on the ACA exchange in San Antonio.

As pointed out by latter facts from the state, oscar has not been as 'pricecompetitive' in California, where the insurer accounted for less than one plan percent selections on the state's exchange for 2016. While noting that it was able to rapidly boost its enrollment in modern Jersey, schlosser tells Bloomberg that he remains optimistic that Oscar will gain traction in California. However, the insurer worked with Providence soundness of body to build its network in California. In changing focus to narrow networks, oscar is following in someBlue footsteps Cross Blue Shield plans and lesserknown startups like Melody overall health Insurancethat have embraced the technique. Ministerial and state officials are considering modern regulations aimed at ensuring narrow network plans give patients adequate access to providers.

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