Turquoise helps patients look for the best care price by increasing transparency with providers for more accurate and less costly healthcare.
Obstacles such as changing billing guidelines and differing insurance requirements can make it difficult for healthcare providers to quote accurate costs. Turquoise makes it easier for patients and providers to obtain the most precise estimate possible by comparing prices. Users will then receive a final confirmation of their out-of-pocket costs from their provider or insurance company, creating a more clear and up-front interaction for everyone involved. Turquoise emphasises the importance of researching healthcare options to receive the best price possible, and they make it easier to do so all in one place.
From 2021 in the USA, hospitals are now required to publish the rates for their services publicly – Turquoise has utilised all this new information. By just entering a zip code, Turquoise users can compare procedure or operation prices on the platform. They can search by procedure, browsing through hundreds of different medical procedures, including heart valve operations, mammograms, medical treatment, thyroid removal, and more. Information about the procedure, why the condition occurs, etc., is included on the platform, as is the average cash price.
Users can conduct best-price research with filters set such as distance and star ratings on care quality and price clarity. They can view healthcare providers within that area and then see further detailed information. All services administered by the provider are available to view, ranging from surgical and non-surgical procedures to radiology and imaging. Enabling patients to clearly see prices empowers those accessing healthcare to avoid unexpected costs and have clear expectations. It can also lead to some healthy competition to ultimately encourage lower prices for consumers. For example, the cash price of tonsil removal in one area can vary from 3k to 12k.