# Turquoise Health

> Turquoise Health is a San Diego health-tech company building the operating system for healthcare contracts and payments. It turns the messy, hidden world of payer and provider pricing - machine-readable files, claims, contracts and Medicare benchmarks - into clear, auditable rates and AI-readable contracts, so that buying and paying for care could one day be as straightforward as any other transaction. More than 280 organizations, including major health systems, national payers, pharma companies and brokers, use the platform.

- **Founded:** 2020
- **Headquarters:** San Diego, California, United States
- **Founders:** Chris Severn (Co-Founder & CEO), Adam Geitgey (Co-Founder & CTO)
- **Team size:** ~190 employees
- **Products:** Clear Rates, Clear Contracts, AskTQ, Price transparency search engine
- **Notable:** Aggregated and published pricing data from ~1,200 hospitals within weeks of the federal price transparency rule taking effect in January 2021, Grew to a platform used by 280+ healthcare organizations, Raised $95M total across Series A, B and C

## Products & services

- **Clear Rates** — Synthesizes machine-readable files, claims data, Medicare benchmarks and other pricing signals into a single, auditable rate for every payer-provider combination.
- **Clear Contracts** — Uses AI to tag every rate and provision across a customer's contract portfolio, turning static documents into a dynamic operating system to find contract details, compare performance and model negotiation scenarios in a few clicks.
- **AskTQ** — An AI-powered pricing and contracting layer woven across the platform that cuts weeks of manual research down to seconds.
- **Price transparency search engine** — A consumer-facing research tool to compare the relative cost of care, built from hospital and payer machine-readable files.

## Achievements

- Aggregated and published pricing data from ~1,200 hospitals within weeks of the federal price transparency rule taking effect in January 2021
- Grew to a platform used by 280+ healthcare organizations
- Raised $95M total across Series A, B and C
- Adoption by 4 of the 5 national payers and 10 of the top 25 health systems
- Shipped AskTQ, an AI layer that compresses weeks of contract research into seconds

## Latest updates

- **2026-03** — Announced a $40M Series C led by Oak HC/FT to become the operating system for healthcare contracts and payments, bringing total funding to $95M.
- **2026-03** — Positioned strategy around transparent, same-day healthcare payments - evolving from a data vendor into a full workflow and transaction platform.

## Links

- Website: https://turquoise.health
- LinkedIn: https://www.linkedin.com/company/turquoise-health
- Twitter/X: https://twitter.com/TurquoiseHC

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Profile page: https://yespress.io/turquoise
Published by YesPress — https://yespress.io
Last updated: 2026-06-10