News
With $40M from a16z and Oak, Turquoise wants to build the OS for healthcare pricing chaos — TFN
2+ hour, 52+ min ago (455+ words) The US healthcare system wastes nearly $1 trillion every year because contracts are scattered across different places. This causes denied payments, surprise bills, and high administrative costs for everyone. Turquoise Health aims to fix this by bringing pricing data, contract details,…...
Cohere rival Alaffia banks $55M to bring agentic AI into health plan operations — TFN
1+ mon, 2+ week ago (440+ words) Every year, health plans lose as much as $570 billion due to administrative inefficiencies, including slow claims processing, higher medical costs, and complex regulations. Many still use manual clinical reviews, which take a lot of time, increase compliance risks, and can…...
Lateral lands £2.5M from Augmentum for active seniors' insurance — TFN
1+ mon, 2+ week ago (476+ words) With 14.5 million people now over 60, rising to 17 million by 2040, the UK is heading into a demographic shift that is reshaping healthcare demand. Many in this age group are paying out of pocket, quietly driving a "1.6bn self-pay market without much guidance....
Benepass bags $40M to help employers redesign benefits — TFN
1+ mon, 3+ week ago (301+ words) Healthcare costs are projected to increase'nearly 10% in 2026, driven by greater utilisation and the rising price of speciality drugs such as GLP1 medications. Benepass offers a benefits capital management platform'that gives employers precision control over how dollars are allocated and spent, while…...