Turquoise Health

Turquoise Health is a trailblazing HealthTech company on a mission to eliminate the administrative waste and financial opacity that plagues the US healthcare system. Founded in 2020 by industry veterans Chris Severn and Adam Geitgey, the company provides a comprehensive, AI-driven platform for healthcare pricing, contracts, and transactions. Under the hood, Turquoise Health ingests and structures massive amounts of complex, unstructured data—turning opaque machine-readable files (MRFs) and dense managed care contracts into clear, actionable intelligence. Their platform allows users to leverage real-time rate transparency, automate compliance, and utilize AI to extract language and rates directly from contracts to model negotiation scenarios. Their primary target audience spans the entire healthcare ecosystem, including major providers like UNC Health and Johns Hopkins, massive payer networks, life sciences companies, and self-insured employers who are desperately seeking predictable pricing. What sets Turquoise Health apart in the crowded healthcare SaaS landscape—fueled by a recent $40M Series C led by top-tier investors like a16z and Oak HC/FT—is its relentless drive to replace the industry's default "it depends" pricing model with a modern, transparent marketplace where patients and providers know the exact cost of care upfront.