The evolution of e-commerce – led by Amazon – has created an intensely savvy consumer population. Amazon’s platform allows users to easily compare products from different vendors to get the best price. People travel to retail stores to try on clothes and shoes, only to purchase them online for less. Even the longest running game show in television history awards points for knowing how much consumer products cost. Healthcare, on the other hand, does not engender the same kind of
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HLTH22: Turquoise Health Launches Price Transparency Data Solution
What You Should Know: - Turquoise Health, an end-to-end healthcare pricing platform, today announced Simple Extracts, its first price transparency data product for specialty healthcare businesses. Simple Extracts allows anyone to request and receive precise searches from both the hospital and payer rates data warehouses. - This new product eliminates the cost and technical barriers specialty businesses encounter by delivering data to customers directly within the Turquoise Health platform.
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Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform
What You Should Know: - Turquoise Health, an end-to-end healthcare pricing platform, today announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer, Box Group, and new investor Tiger Global. - Turquoise Health will use the funding to continue making transparent pricing ubiquitous for all healthcare stakeholders: payers, providers, and patients. Direct Contracting Platform In anticipation of July payer rates
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Sempre Health Secures $15M for Behavior-Based Healthcare Pricing Platform
What You Should Know: - Sempre Health, a behavior-based healthcare pricing platform to insurers to offer large prescription copay discounts to members for filling on time (to promote more medication adherence) today announced it has raised $15M in Series B funding led by Blue Venture Fund. Sempre has raised $26.5 million to date. - Sempre Health works with leading health plans and pharmaceutical companies to reduce out-of-pocket costs for patients who refill their prescriptions on
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5 Considerations to Enable a Modern Healthcare Commerce Strategy
The healthcare industry is facing a number of external market forces that are creating the perfect pricing storm. Industry consolidation, regulation and new demands for transparency are putting added pressure on healthcare manufacturers, with many left wondering about how they can profitably compete. Over the last three decades, more than 1,000 healthcare manufacturers have been acquired due to competitive consolidation. The catalyst for this volatility can be attributed to the lack of
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