Turquoise Health raises $20M to boost price transparency – MedCity News

In an effort to improve price transparency in healthcare, laws have been passed to give consumers more cost information upfront, but it can still be difficult to access that information. Now, where health organizations, including hospitals, have issues complying with the rules, companies like healthcare pricing platform Turquoise Health are vowing to help.

On Wednesday, the San Diego-based startup announced it raised $20 million in Series A funding led by existing investor Andreessen Horowitz (a16z) to make transparent pricing ubiquitous in healthcare. The company works with payers and providers to deliver healthcare pricing data, and it offers a free search engine for patients to view hospital prices. It plans to make more pricing data available through its search engine soon, when payers are required to share that for all providers and care settings beginning July 1.

The rising cost of employer-sponsored healthcare makes it difficult for American businesses to compete globally….

Read Full Story: https://medcitynews.com/2022/05/turquoise-health-raises-20m-to-boost-price-transparency/

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