San Diego-based Turquoise Health compares medical costs for patients through online database
"We all have a story whether it's you or your family or friend that went to the hospital. They have bills and it either made them bankrupt or they couldn't go on that vacation," described Chris Severn."We're building out software that helps people know the price of care in advance," said Severn, Turquoise Health's co-founder and CEO.
"You as a patient have more agency to change your plan or go to a different provider because you use an app that helps you move medical records faster. The other option is 'when is it smarter that I just pay cash', rather than going through insurance which can sometimes cost more," Severn said. "The notion of bridging the gap between where the industry is now versus where we're going take a lot of hand holding and a lot of work, so that money's going towards a big team," said Severn."We work with insurance companies and hospitals to help them comply with these new mandates and all the data we're aggregating, we then feed back that data out to market to create these market forces that don't exist right now.
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