The medical device market is so obtuse that most doctors are completely in the dark about how much it costs to buy a blood pressure monitor or a spinal screw. A tiny startup called Procured Health just secured $4 million in first-round funding from health care-focused firm FCA Venture Partners. Procured is working with U.S. hospital systems like Hoag Hospital, Asante Health, St. Charles Health, and about two dozen others to bring some much-needed transparency to medical-device pricing.
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