NEW YORK, NY / ACCESS Newswire / February 21, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Oscar Health, Inc. ("Oscar Health, Inc.") (NYSE:OSCR) concerning possible violations of federal securities laws.

The U.S. healthcare sector has undergone a rapid digital transformation in recent years, driven by a combination of regulatory shifts, consumer demand and technological advancements.The pandemic accelerated the adoption of telemedicine, remote monitoring and artificial intelligence (AI)-driven diagnostics, making digital health an essential component of modern care delivery.Against that backdrop, healthcare technology company Oscar Health reported positive fourth-quarter 2024 and full-year financial results Tuesday (Feb. 4), stressing to investors that as consumers expect on-demand, tech-enabled healthcare experiences, Oscar Health’s digital-first strategy aligns with broader market trends.“Oscar capped the strongest year of financial performance in company history,” said Mark Bertolini, CEO of Oscar Health. “Our strong top and bottom line performance, all-time-high-membership and consistent execution demonstrate our ability to deliver sustained profitable growth.”The company’s total revenue for the 2024 fiscal year was $9.2 billion, marking a 56.5% increase from the previous year. Oscar reported a $25 million profit for the year, despite losing $153.5 million in the fourth quarter.Since its founding in 2012, Oscar had yet to turn a profit for a full year. The question now is whether Oscar can continue to execute its vision profitably while maintaining its commitment to innovation.The company’s stock is trading down nearly 18% after hours as of reporting.Read more: Unlocking the Future of Digital Health at the World Economic ForumThe Rise of Digital Health Represents an Industry ShiftThe healthcare industry sits at the intersection of innovation and evolving patient expectations.Oscar Health’s focus on leveraging technology to enhance member experiences and streamline operations has been central to its strategy

Oscar Health partnered with Cigna in 2020 to provide group insurance to small-and mid-sized businesses and gain access to its provider network.