Turquoise Health is a fully remote company based in the US. We work with team members and contractors in the US and around the world, but we operate on US business hours and work with clients entirely based in the US. For this role, we are seeking US-based candidates.
\nTurquoise Health is committed to providing reasonable accommodations to applicants and employees with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. If you require assistance or an accommodation with the hiring process, please contact recruiting@turquoise.health
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Confirmed live in the last 24 hours
Digital platform for healthcare cost comparison
$95k - $115k/yr
Mid
No H1B Sponsorship
Remote in USA
The company operates on US business hours and is seeking US-based candidates.
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Turquoise Health operates a digital platform designed to help patients and healthcare providers compare healthcare costs transparently. Users can input their insurance details to see out-of-pocket expenses for various medical services, such as basic metabolic panels and abdominal ultrasounds. This platform simplifies the process of understanding healthcare pricing, which can often be confusing. Turquoise Health distinguishes itself from competitors by focusing on price transparency, leveraging laws that require hospitals and health plans to disclose their pricing. The company's goal is to empower patients to make informed decisions about their healthcare by providing clear and accessible cost information.
Company Size
51-200
Company Stage
Series B
Total Funding
$55.3M
Headquarters
San Diego, California
Founded
2020
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Remote Work Options
Flexible Work Hours
Home Office Stipend
Phone/Internet Stipend
Professional Development Budget
Parental Leave
WASHINGTON, July 9, 2024 /PRNewswire/ -- Today, PatientRightsAdvocate.org (PRA) released a statement on the findings of the new machine-readable file (MRF) tracker by Turquoise Health that tracks real-time hospital compliance with the federal hospital price transparency rule."We applaud Turquoise Health for creating a live tracker showing hospital compliance with the Hospital Price Transparency Rule. Unfortunately, much like our semi-annual compliance reports, their data show alarmingly low rates of full compliance with the hospital price transparency requirements," said PatientRightsAdvocate.org Founder and Chairman Cynthia Fisher. "Despite the rules being in effect for more than three years, all healthcare consumers are harmed by a lack of access to real upfront prices. With three-quarters of hospitals failing to pass CMS's validator tool, which by their admission does not constitute compliance with transparency requirements, it is clear that lackluster enforcement of hospital price transparency rules by CMS has enabled hospitals to maintain unacceptably low rates of compliance. Increased enforcement, including fines, and the passage of robust legislation to codify and strengthen these rules are necessary to bring more hospitals into full compliance and protect patients from overcharges, errors, and even fraud in medical billing."Background:According to the Turquoise tracker, only 16.7% of hospitals nationwide comply with the latest form and structure requirements that pass the CMS validator tool (which does not assess the accuracy of the data) and post a compliant text file. Of the MRFs analyzed by Turquoise, half post the data necessary to be considered fully compliant with the price transparency rules.PRA's sixth Semi-Annual Hospital Price Transparency Compliance Report revealed just 34.5% of hospitals surveyed were in full compliance with the federal hospital price transparency rule
American medical care costs have gone up, and that’s reportedly helped inflation remain high.Hospital prices climbed 7.7% between April 2023 and April 2024, the biggest monthly increase since October 2010, The Wall Street Journal (WSJ) reported Thursday (May 16), citing data from the U.S. Department of Labor.The report also included an analysis — performed for the WSJ by Turquoise Health — of recent price increases for specific procedures helping fuel this trend.For example, the cost of performing an angioplasty on cardiac patients grew $670, or 4.5%, to $15,640 in the first squatter of the year, the report said. Intensive care for newborns now costs as much as $7,939 per day, a 5% increase. And breast biopsies performed with a needle rose $220 during the period, or 4.6%, to $5,027.The first wave of inflation missed hospitals, as their prices were already set by contracts with health insurers, according to the report. However, inflation has begun to take hold as these healthcare providers have renegotiated prices. The reason: Hospitals need to pay for rising wages, with hiring in the health sector remaining robust.Economists said they expect this trend to stick around as upheaval in the labor market continues to affect wages and health insurance contracts, per the report.“We’re not expecting much slowing,” said Alan Detmeister, an economist for UBS
Turquoise Health - an end-to-end healthcare pricing platform - has announced a $30 million Series B investment led by Adams Street Partners, with participation from Yosemite and existing investors Andreessen Horowitz and BoxGroup.
SLS client Yosemite joins Turquoise Health's $30MM Series B round.
Adams Street Partner Tom Bremner will join Turquoise's board of directors.