Turquoise Health

Turquoise Health is a San Diego, California-based software company that operates a multi-sided healthcare pricing and payment platform. It aggregates machine-readable pricing files published by hospitals and payers under U.S. price transparency mandates and turns them into structured data used by healthcare organizations and consumers. The platform connects pricing data, contract intelligence and revenue cycle workflows in a single system intended to help finance teams reduce administrative waste and prepare for rate negotiations.

The company launched in December 2020 with a consumer-facing search engine that lets patients compare the cost of services and research providers, services and quality of care before treatment. It has since expanded from analyzing pricing data into a workflow and transaction platform that centralizes data, contract information and clinical coverage rules, which management describes as an operating system for healthcare contracts and payments. Product components described in secondary sources include Analyze (price transparency and benchmarking), Clear Contracts (contract management) and AskTQ, a natural-language interface for querying reports, contracts and payer policies.

As of March 2026 the company reported more than 280 customers and a library of over 65,000 contracts, and said 35% of monthly active users use multiple products across the platform.

Founding story

Turquoise Health was co-founded in 2020 by Chris Severn (CEO) and Adam Geitgey (CTO), who identified an opportunity in regulatory changes requiring hospitals and payers to publish negotiated rates in machine-readable formats. Rather than treating the disclosure requirement solely as a compliance burden, the founders built technology to make the resulting data usable, with the stated aim of making healthcare cost information accessible and understandable to stakeholders. The company launched publicly in December 2020.

Business model

Turquoise Health sells a vertical SaaS platform to healthcare organizations — providers and health systems, payers, employers, life sciences companies and brokers — while also operating a free public-facing consumer search site for shopping for care. Sources describe a multi-product platform, with 35% of monthly active users using more than one product.

Sources describe Turquoise Health as a SaaS platform serving healthcare organizations; specific pricing or contract terms are not disclosed in the available sources.

Traction

More than 280 customers as of March 2026, including 10 of the top 25 health systems, four of five national payers, nine of the top 10 pharmaceutical companies and six of the top 10 insurance brokers; over 65,000 contracts in its library; 35% of monthly active users using multiple products; nearly 200 employees.

Latest developments

In March 2026 Turquoise Health announced a $40 million Series C led by Oak HC/FT with participation from existing investors Andreessen Horowitz, Adams Street Partners and Yosemite, bringing total funding to about $95.3 million. The company said funds would support go-to-market expansion, product development and hiring, with a roadmap focused on trustworthy rates, embedded AI workflows, and linking pricing, contracting and payments.