Turquoise Health

The journey of Turquoise Health began with a fundamental question that has long plagued the American healthcare system: 'How much will it cost?'. Founded in 2020 by Chris Severn and Adam Geitgey, the company emerged at a pivotal moment, just as federal regulations mandating price transparency for hospitals and insurers were taking effect. Severn, with over a decade of experience modeling managed care contracts, and Geitgey, a seasoned software engineer, recognized a monumental opportunity to demystify the notoriously opaque world of healthcare pricing. They envisioned a future where the financial complexities of healthcare would no longer be a barrier to receiving care, a future where patients, providers, and payers could interact in a transparent and efficient marketplace.

What started with the ambitious goal of aggregating and structuring vast amounts of newly available, yet often convoluted, pricing data has evolved into a comprehensive platform. Turquoise Health's initial mission was to build the most extensive and reliable database of negotiated rates between providers and insurers, a treasure trove of information that had been kept under wraps for decades. This foundational work allowed them to create tools for robust data analysis, but their vision extended far beyond just data aggregation. The company is pioneering a new ecosystem for healthcare transactions, building a suite of products that includes a consumer-facing platform for patients to shop for services, advanced analytics for healthcare organizations, and a sophisticated contracting platform. By championing price transparency, Turquoise Health is not just building a business; it's leading a movement to create a more equitable, understandable, and ultimately, more affordable healthcare system for everyone.