Turquoise Health curates millions of price records for different medical procedures published by hospitals that under federal rules had to be disclosed starting last year. It recently raised $20 million from investors.
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San Diego startup Turquoise Health, which aims to enable price shopping for hospital care, has raised $5 million in seed money from investors including marquee Bay Area venture firm Andreessen Horowitz and Golden State Warriors guard Klay Thompson.
Launched in 2020, Turquoise Health has built an online price transparency platform that’s curated more than 175 million price records from hospitals delivering the data in an easy-to-use way for patients, health care researchers, employer groups and others.
These records were secret until Jan. 1, when federal rules kicked in requiring hospitals to publish their prices for some 300 procedures, including the negotiated rates they’ve hashed out with insurers.
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Turquoise Health Opens Price Transparency Data Platform to Researchers at No Cost Posted May 10, 2021
San Diego, CA May 10, 2021 Turquoise Health, a price transparency platform that brings together healthcare provider rates and procedure data so that consumers can make cost-effective decisions, announces today the release of a price transparency limited research dataset for researchers. The dataset is part of Turquoise Health’s commitment to supporting researchers studying the costs and quality of healthcare in the United States.
“We have a company mission to assist in any way we can with price transparency and we believe researchers are a main component of that,” said Chris Severn CEO of Turquoise Health. “Without researchers compiling reports on healthcare datasets, the general public might not know or have time to research and understand what’s available to them.”