This San Diego startup is making it easier to compare medical costs
Turquoise Health, a San Diego startup that aims to enable price shopping for health care, has raised $20 million from marquee venture capital firms Andreessen Horowitz, Bessemer Ventures, Box Group and Tiger Global.
Anyone can look up pricing data on Turquoise Health’s website for free. For now, the company makes money by licensing the information and delivering deeper analysis to researchers, hospitals and insurers. Employer groups, for example, could use the data to find better-priced providers. Hospitals and insurers could use it contract negotiations.
Using the published pricing data, Turquoise thinks it can lower costs by creating a flexible, transparent marketplace for hospitals and insurers.
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