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New Consumer Focused Hospital Services Price Transparency Tool Released

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Healthcare Dive reports on an online tool that allows patients in markets across the country to compare prices for hundreds of hospital services before getting treatment has launched in its beta development stage.  Turquoise Health’s platform uses cost data from machine-readable files made public by hospitals as part of compliance with a federal price transparency rule that went into effect in January 2021.

The San Diego-based startup’s platform includes a scorecard that lets users assess price transparency compliance with the CMS requirements for nearly 6,000 hospitals, Turquoise Health said Monday. Hospitals receive a score based on an algorithm-driven five-star rating system.

As reported previously (AHT, 5/11/2021), Turquoise Health released a price transparency limited research dataset for researchers early in 2021.

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