Well being insurer Oscar Well being has tapped former Uber government Meghan Joyce to fill the long-empty position of chief operations officer as the corporate positions itself for a serious enlargement.
“I by no means thought I’d land in well being care,” stated Joyce, who served as the overall supervisor for Uber’s operations alongside the East coast and Canada, serving to to construct a workforce of 700 staff during the last six years.
In her new job, Joyce will assist Oscar develop its mix of tech-enabled companies and private well being teaching groups because it expands right into a dozen new medical health insurance markets for 2020 and branches out to the Medicare Benefit market with new plans for seniors in Houston and New York subsequent yr.
“The factor that resonates for me is that this can be a enterprise that’s high-tech and high-touch,” she defined, including “Whether or not you might be 80 or 28, well being care and medical health insurance are deeply private and sometimes actually complicated. We will use expertise to make that a greater expertise.”
Joyce will function Oscar’s first operations chief in three years, at a essential second for the seven-year outdated medical health insurance start-up. Development within the Reasonably priced Care Act marketplaces has lagged for the final two years beneath the Trump administration. Now, the insurer is seeking to develop into the fast-growing non-public Medicare Benefit market, the place it must compete with Medicare giants like Humana and UnitedHealth.
Oscar obtained $375 million in funding from Google Ventures to assist construct out the brand new enterprise. Guaranteeing a easy launch of its new Medicare plans might be a high precedence for 2020.
“Meghan possesses an unimaginable understanding of the way to optimize complicated processes whereas quickly scaling a enterprise,” Oscar co-founder and CEO Mario Schlosser stated in saying her rent.
Joyce left Uber in April, only a month earlier than the corporate went public. Uber shares have struggled since its debut and stay 23% beneath its providing worth.
“I had no crystal ball” about what would occur, Joyce exclaimed, including “I beloved my time at Uber and I nonetheless imagine within the firm.”
A local of Boston, Joyce started her profession as a advisor at Bain & Firm, and graduated from the Harvard Enterprise Faculty. Final spring, she was named to the board of administrators of Boston Beer, the mother or father of firm of Sam Adams. She’s going to proceed to serve on the board.