About

Turquoise Health operates a digital platform that helps patients and healthcare providers compare healthcare costs transparently. Users can input their insurance details to see out-of-pocket expenses for various services, such as metabolic panels and ultrasounds, making it easier to make informed healthcare decisions. The platform collaborates with healthcare centers and insurance providers across locations like Wichita, Kingman, and New York, utilizing a law that mandates hospitals to disclose their pricing. This approach sets Turquoise Health apart from competitors by focusing on price transparency in healthcare. The goal is to simplify the healthcare pricing process for patients, enabling them to navigate costs more effectively.

Simplify's Take

What believers are saying

• Increased demand for price transparency tools boosts Turquoise Health's market potential.
• $30 million Series B investment supports platform expansion and enhancement.
• Rising healthcare costs drive consumers to seek cost comparison tools like Turquoise Health.

What critics are saying

• Low hospital compliance with transparency rules threatens Turquoise Health's business model.
• Rising hospital costs may affect Turquoise Health's cost comparison accuracy.
• Ongoing inflation in healthcare costs challenges Turquoise Health's competitive pricing information.

What makes Turquoise Health unique

• Turquoise Health offers a unique marketplace connecting patients, providers, and payers.
• The platform provides real-time hospital compliance tracking with price transparency rules.
• Turquoise Health's Instant Good Faith Estimates serve self-pay and uninsured patients effectively.

Help us improve and share your feedback! Did you find this helpful?

YesNo