Turquoise Health Raises $30M for its Price Transparency Software

MedCity News January 23, 2024
Katie Adams

Turquoise Health closed a $30 million Series B round, which brings its total funding to date to $55 million. The San Diego-based startup, which has more than 160 customers, sells a platform that makes it easier for hospitals and payers to comply with price transparency regulations.

Hospitals’ compliance with price transparency laws has increased significantly in the past year, with most hospitals currently displaying the cost data they need to in order to adhere to the regulations. That wasn’t always the case, though. Hospitals had a difficult time meeting CMS’ price transparency requirements during the first two years they were enforced — a JAMA study published a year and a half after the rule went into effect showed that fewer...

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