Dive Brief:
- Oscar Insurance has hired three high level executives that bring a variety of new perspectives to the industry-disrupting company.
- The hires come as Oscar works to manage major growth, having reached 125,000 members last week compared to 100,000 just a month ago and more than tripling what it had last April, the New York Post reports. The increase may be expected to continue until the company's end of enrollment on Jan. 31.
- Oscar co-founder/CEO Mario Schlosser wrote in a blog post the newly announced hires were brought onboard over the past year.
Dive Insight:
While the insurer is well funded and attracting members -- many of whom are considered young and healthy -- it has still been losing money and was hit hard by risk-adjustment, for which it owed more than $8 million, as Modern Healthcare reports.
Oscar announced the following three new additions to its team:
- Kevin Campbell, chief operating officer, previously served as the head of global delivery at global consulting firm Accenture.
- Brian West, president and chief financial officer, came to Oscar from global media data & analytics company Nielsen, where he was COO and CFO. Before that he served at General Electric.
- Joel Klein, recently named chief policy and strategy officer, previously served the Department of Justice under Bill Clinton, reformed New York City public schools as the system's chancellor, and served as CEO of education technology company Amplify.