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Turquoise Health is a healthcare price transparency and provider-payer contract platform. Its products include price-transparency data (negotiated rates, cash prices), Contract Intelligence (AI extraction and modeling of payer-provider contracts), and compliance tooling for hospitals, health plans, employers, and other healthcare buyers.
Turquoise Health is a healthcare price transparency and provider-payer contract platform. Its products include price-transparency data (negotiated rates, cash prices), Contract Intelligence (AI extraction and modeling of payer-provider contracts), and compliance tooling for hospitals, health plans, employers, and other healthcare buyers.
Co-founded in 2020 by Chris Severn (CEO) and Adam Geitgey (CTO). Severn spent over a decade modeling managed-care contracts at firms like Cloudmed and Arcosta, which gave him insight into secret negotiated rates between payers and providers. After hearing about new federal price-transparency rules, Severn and Geitgey sketched the concept for Turquoise at a WeWork in London just before the pandemic.
Series C to make Turquoise the operating system for healthcare contracts and payments; existing investors a16z, Adams Street, Yosemite participated.
MobiHealthNews coverage of Series C round.
Founders blog post detailing product roadmap following the Series C.
Round included Yosemite, Andreessen Horowitz, BoxGroup.
Investor note explaining thesis on Turquoise.
Seed round included Bessemer Venture Partners, BoxGroup, Henry Ward, Megan Callahan, Jonathan Bush, Klay Thompson.
$75M raised total
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