Ms. Liang most recently served as group president and COO of care delivery for Kaiser Foundation Health Plan and Hospitals, according to a Feb. 4 news release.
Oscar Health reported its first-ever annual profit in its fourth-quarter and year-end earnings published Feb. 4. The company reported $25.4 million in profit in 2024, improving from a loss of $270.7 million in 2023.
Most of Oscar Health’s members are enrolled in individual marketplace plans. The company increased its marketplace enrollment by nearly 70% from 2023 to 2024, reaching 1.7 million members at the end of 2024.
Ms. Liang will oversee all of Oscar Health’s insurance business, according to the news release. She has led Kaiser Permanente’s integrated care offerings since 2020, according to her LinkedIn profile.
Before stepping into the chief operating officer role, Ms. Liang was president of Kaiser Permanente’s Northern California region.
Ms. Liang will begin her role Feb. 24, according to documents Oscar Health filed with the Securities and Exchange Comission Feb. 4. Alessandrea Quane, Oscar Health’s chief insurance officer, will exit the company in early March.
Steven Wolin, Oscar Health’s COO, has resigned effective Feb. 5. Ms. Liang will also serve as the company’s principal operating officer, according to the SEC filing.
Ms. Liang will receive a base salary of $600,000 and be eligible for total compensation of up to $5 million a year, according to regulatory filings. She will also receive a sign-on bonus of $2 million.
Ranmali Bopitiya, Oscar Health’s chief legal officer, will transition to a new role as executive vice president, public affairs, effective Feb. 24. The company has named Adam McAnaney as chief legal officer.