New York City-based health insurance startup Oscar Health is moving into providing care. The insurance company opened its first clinic in Brooklyn through a partnership with New York-based Mount Sinai Health System, according to a report from The New York Post.
The Oscar Center looks like a sleek tech startup and is completely paperless. It provides free care for Oscar members for anything ranging from minor illnesses and injuries to mental health, lab testing and yoga and nutrition classes, according to the report.
The move to open a brick-and-mortar clinic is a pivot for Oscar Health, which was struggling financially after losing $128 million in the first three quarters of 2016 and $105 million in 2015, according to the report. The ACA exchanges proved tumultuous for the young company.
Chief Executive Mario Schlosser told The New York Post the company hopes its clinic will help differentiate Oscar Health from its competitors. The facility will serve as a pilot to test different approaches to primary care, as well as to see if the model is popular and could be rolled out at clinics across the country, according to the report.
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