Turquoise Health Raises $30M Series B Financing, Expanding Healthcare Pricing Platform Offerings

Price Transparency is the Foundation for Eliminating the Financial Complexity of Healthcare Turquoise Health, an end-to-end healthcare pricing platform, today announced a $30M Series B investment led by Adams Street Partners, with participation from Yosemite, as well as existing investors Andreessen Horowitz and BoxGroup. Turquoise will use the funding to further support transparent pricing workflows across its customer base of over 160 healthcare organizations. “Healthcare pricing remains frustratingly opaque for many industry stakeholders, including patients,” says Tom Bremner, Partner at Adams Street, who will join the company’s Board of Directors. “Turquoise tackles this problem head-on with a sophisticated, multi-stakeholder platform that ultimately makes healthcare pricing and packaging look easy. I am excited to partner with the team as they scale towards a seamless healthcare transaction.” Price transparency data has become critical since its introduction through 2021 federal regulation for hospitals and insurers. With these negotiated rates and AI at its core, the Turquoise platform recently expanded to support payer and provider contract management, consumer transparency compliance, and advanced platform-based analytics. The new capital will help facilitate onboarding from recent customer expansion into these products. “As we see price transparency legislation take shape through 2027 and beyond, Turquoise accelerates support for healthcar...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Adams Street Partners Andreessen Horowitz BoxGroup Chris Severn Health IT Funding Health IT Fundings Health IT Investment Matt Bettonville Niyum Gandhi The Mass General Brigham Health System Tom Brem Source Type: blogs