3 ms·
I came across Turquoise Health (https://www.turquoise.health/ https://www.turquoise.health/) recently, they're one of the early players that have built a search
by KoftaBob 5y ago
I came across Turquoise Health (https://www.turquoise.health/ https://www.turquoise.health/) recently, they're one of the early players that have built a search tool to look up the prices hospitals have negotiated with different insurance companies for procedures.
Many people's first thought will be "how does this help patients if they're rarely paying the cash price, their insurance is the one paying". The effects (in theory) will be more indirect than that.
Now that insurance companies can see what prices a hospital has negotiated with other insurances, they'll have hard, transparent data to show that those other insurance providers are getting a better deal, and can negotiate prices down.
This alone won't be the magical solution to healthcare costs to patients, but this level of price transparency will no doubt have a big impact. It's a great first step.