Turquoise Health’s online tool allows patients in the U.S. to compare prices for hundreds of hospital services before getting treatment. The tool 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 platform includes a scorecard that lets users assess price transparency compliance with the CMS requirements for nearly 6,000 hospitals. Hospitals receive a score based on an algorithm-driven five-star rating system.
Owner: Turquoise Health (for-profit organization)