Oscar Insurance Business Analyst Interview Questions + Guide in 2025

Oscar Insurance is a health insurance company that leverages technology to create a seamless experience for its members, striving to redefine the health insurance landscape.

As a Business Analyst at Oscar, you will play a crucial role in enhancing the Risk Adjustment Operational capabilities. Your key responsibilities will include analyzing operational processes, conducting data analysis to inform decision-making, and managing project maps to track key dependencies and roadblocks related to strategic initiatives. You will be expected to develop a thorough understanding of the day-to-day workflows, utilize SQL for data analysis, and create dashboards to monitor the performance of various initiatives. Strong communication skills are essential, as you'll be expected to interact with various stakeholders and deliver insights that drive improvements. Ideal candidates will possess a Bachelor’s Degree and have at least three years of experience in Business Strategy or Healthcare Analytics, with a focus on ROI analysis and project management.

This guide aims to equip you with a deep understanding of the expectations for the Business Analyst role at Oscar, enabling you to articulate your experiences and insights confidently during the interview process.

The interview process for a Business Analyst at Oscar Insurance is structured to assess both technical and interpersonal skills, reflecting the company's focus on collaboration and data-driven decision-making. The process typically unfolds in several stages:

1. Initial Screening

The first step is a phone screening with a recruiter, lasting about 30 minutes. During this call, the recruiter will ask standard questions about your background, experience, and motivations for applying to Oscar. Expect to discuss your understanding of the company and its mission, as well as your interest in the role. This is also an opportunity for you to ask questions about the company culture and the specifics of the position.

2. Technical Phone Interview

Following the initial screening, candidates usually participate in a technical phone interview. This session typically lasts around 45 minutes and focuses on your analytical skills and familiarity with SQL or related data tools. You may be asked to solve a coding problem or analyze a dataset, demonstrating your ability to work with data relevant to the healthcare industry. Be prepared to discuss your thought process and approach to problem-solving.

3. Case Study Presentation

Candidates who perform well in the technical interview are often invited to complete a case study. This assignment is usually sent a few days in advance, allowing you time to prepare. You will be expected to analyze a specific scenario related to risk adjustment operations and present your findings during a panel interview. This stage assesses your analytical thinking, presentation skills, and ability to communicate complex information effectively.

4. Panel Interview

The final stage typically involves a panel interview, which may include multiple team members from the Risk Adjustment department. This session can last up to two hours and includes a mix of behavioral and situational questions, as well as discussions about your case study. Interviewers will evaluate your fit within the team, your understanding of healthcare analytics, and your ability to contribute to ongoing projects. Expect questions that explore your past experiences, how you handle challenges, and your approach to collaboration.

Throughout the interview process, candidates should be prepared to demonstrate their knowledge of risk adjustment operations, data analysis, and strategic initiatives relevant to Oscar's mission.

Next, let's delve into the specific interview questions that candidates have encountered during this process.

Here are some tips to help you excel in your interview.

Understand the Company Culture

Oscar Insurance has a unique culture that emphasizes a blend of technology and healthcare. Familiarize yourself with their mission to create a health insurance experience that feels personal and supportive. During your interview, express your alignment with this mission and how your values resonate with Oscar's approach to healthcare. Be prepared to discuss how you can contribute to their goal of improving member experiences.

Prepare for Behavioral Questions

Expect a range of behavioral questions that assess your past experiences and how they relate to the role. Use the STAR (Situation, Task, Action, Result) method to structure your responses. Highlight specific instances where you demonstrated problem-solving skills, teamwork, and adaptability, especially in the context of healthcare analytics or business strategy. Given the feedback from previous candidates, be ready to discuss challenges you've faced and how you overcame them.

Showcase Your Analytical Skills

As a Business Analyst, your ability to analyze data and derive actionable insights is crucial. Brush up on your SQL skills, as this is a key requirement for the role. Be prepared to discuss your experience with data analysis, including any specific tools or methodologies you've used. If possible, bring examples of past projects where your analysis led to significant improvements or decisions.

Be Ready for Case Studies

Candidates have reported that case studies are a common part of the interview process. Practice articulating your thought process clearly and logically when presented with a case. Focus on how you would approach the problem, the data you would need, and the potential solutions you could propose. This will demonstrate your analytical thinking and problem-solving capabilities.

Communicate Clearly and Confidently

Strong communication skills are essential for this role. Practice articulating your thoughts clearly and concisely. During the interview, ensure you engage with your interviewers by asking insightful questions about the role and the company. This not only shows your interest but also helps you gauge if Oscar is the right fit for you.

Manage Your Expectations

Be aware that the interview process at Oscar can be lengthy and may involve multiple rounds. Some candidates have expressed frustration with the communication and feedback process. Stay proactive in following up with your recruiter for updates, and be prepared for the possibility of delays. This will help you manage your expectations and reduce any potential frustration.

Emphasize Your Passion for Healthcare

Oscar is looking for candidates who are genuinely passionate about healthcare and improving the member experience. Share your motivations for wanting to work in this field and how your background aligns with Oscar's mission. This will help you stand out as a candidate who is not only qualified but also deeply invested in the company's goals.

By following these tips, you can present yourself as a strong candidate who is well-prepared for the challenges and opportunities that come with the Business Analyst role at Oscar Insurance. Good luck!

In this section, we’ll review the various interview questions that might be asked during a Business Analyst interview at Oscar Insurance. The interview process will likely focus on your analytical skills, understanding of healthcare operations, and ability to communicate effectively with various stakeholders. Be prepared to discuss your experience with SQL, data analysis, and project management, as well as your familiarity with risk adjustment processes.

Experience and Background

1. Why are you interested in working at Oscar Insurance?

Oscar values candidates who are passionate about their mission and culture.

How to Answer

Express your enthusiasm for Oscar's innovative approach to healthcare and how it aligns with your career goals. Mention specific aspects of the company that resonate with you.

Example

“I am drawn to Oscar’s mission of transforming healthcare through technology. I admire how the company prioritizes member experience and believes in a more personalized approach to health insurance. I am excited about the opportunity to contribute to such meaningful work.”

SQL and Data Analysis

2. Can you describe your experience with SQL and how you have used it in your previous roles?

SQL is a critical skill for this role, and they will want to assess your proficiency.

How to Answer

Discuss specific projects where you utilized SQL to extract, manipulate, or analyze data. Highlight any complex queries you wrote and the impact of your analysis.

Example

“In my previous role, I used SQL to analyze patient data for risk adjustment initiatives. I wrote complex queries to identify trends in patient demographics and health outcomes, which helped our team develop targeted interventions that improved our risk scores by 15%.”

3. How do you approach data visualization and reporting?

Oscar seeks candidates who can effectively communicate data insights.

How to Answer

Explain your process for creating visualizations and reports, including the tools you use and how you tailor your presentations for different audiences.

Example

“I typically use Tableau for data visualization, as it allows me to create interactive dashboards that are easy to understand. I focus on the key metrics that matter to stakeholders and ensure that my reports tell a clear story, highlighting actionable insights.”

Project Management and Strategic Initiatives

4. Describe a project where you had to manage multiple stakeholders. How did you ensure everyone was aligned?

Collaboration is key in this role, and they will want to see your project management skills.

How to Answer

Share a specific example where you facilitated communication among stakeholders, detailing the strategies you used to keep everyone informed and engaged.

Example

“In a previous project, I led a cross-functional team to implement a new data management system. I scheduled regular check-ins and created a shared project timeline to keep everyone aligned. By actively soliciting feedback and addressing concerns, we successfully launched the system on time.”

5. Can you give an example of a time you identified an area for improvement in a process? What steps did you take?

Oscar values continuous improvement and innovation.

How to Answer

Discuss a specific instance where you identified a process inefficiency, the analysis you conducted, and the changes you implemented.

Example

“I noticed that our data entry process was causing delays in reporting. I conducted a root cause analysis and discovered that manual entry was prone to errors. I proposed automating the process using a new software tool, which reduced entry time by 30% and improved data accuracy.”

Risk Adjustment Knowledge

6. What do you understand about risk adjustment in healthcare?

Demonstrating knowledge of risk adjustment is crucial for this role.

How to Answer

Provide a brief overview of risk adjustment, its importance in healthcare, and any relevant experience you have.

Example

“Risk adjustment is essential for ensuring that health plans are fairly compensated for the risk they take on. I have worked on projects that involved analyzing risk scores and implementing strategies to improve them, which ultimately helps in providing better care for our members.”

7. How would you approach analyzing the effectiveness of a new risk adjustment initiative?

They will want to see your analytical thinking and ability to measure outcomes.

How to Answer

Outline the steps you would take to evaluate the initiative, including data collection, analysis methods, and how you would report your findings.

Example

“I would start by defining clear metrics for success, such as changes in risk scores or cost savings. I would then collect baseline data and compare it to post-implementation results using statistical analysis. Finally, I would present my findings to stakeholders, highlighting both successes and areas for further improvement.”