Turquoise Health launches price transparency tool

Health technology company Turquoise Health has launched a price transparency product that it says allows anyone to request and receive precise searches from both hospital and payer rates data warehouse. 

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The tool, called Simple Extracts, “eliminates the cost and technical barriers speciality healthcare businesses encounter by delivering data to customers directly within the Turquoise Health platform,” according to a Nov. 15 news release from the company. Customers can also store, access and refresh their extracts. 

Rules requiring hospitals and payers to publicly post rates have resulted in nearly a petabyte of data, according to the release. Turquoise said access to all the data is unnecessary for small or specialty organizations. Simple Extracts is designed to allow them to define a precise goal and, in return, receive the corresponding data at an approachable price point. 

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