Oscar Goes Old School

Oscar Health announced that Mario Schlosser is transitioning to President of Technology at Oscar. Who’s replacing him as CEO? Mark Bertolini. If that name sounds familiar, it’s because he’s the former CEO of Aetna, which sold to CVS for $69B in 2018 which begs the question…might we see Oscar prep for a sale? Something to keep an eye on, especially as Oscar shares skyrocketed 60+% as of this writing. Can’t wait to write about Oscar’s sale in 12-18 months!

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Inside Best Buy’s big bet on the Home

Although Best Buy is leaning into Current to develop enterprise partnerships with health systems, let’s call this what it is – a way for Best Buy to retain and grow retail sales through sticky vendor relationships. Healthcare revenue amounts to nothing in the larger Best Buy organization. It’ll be a while until Best Buy Health is taken seriously. From the Q4 commentary: “We are essentially nurturing a startup within a large-scale organization and leveraging Best Buy’s core assets, including the Geek Squad to incubate a new business. The revenue contribution is currently very small and will take time to ramp as the Care at Home space matures and expands over the coming years.”

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