SAN FRANCISCO – April 4, 2014 – Castlight Health commends the announcement by the Centers for Medicare and Medicaid Services that physician payment data will be issued as early as April 9. “The release of the Medicare physician payment data by the Centers for Medicare and Medicaid Services is an important moment in the effort to dramatically improve the efficiency of the American healthcare system. It is a welcome step in the right direction. However, it is far from sufficient to address the lack of timely, clear, actionable data needed by employers and employees to effectively manage their healthcare expenditures,” said Giovanni Colella, M.D., co-founder and Chief Executive Officer of Castlight Health. Colella continued, “Increased transparency has a direct benefit on consumers’ healthcare decisions, financial circumstances, and health outcomes. Castlight Health research and data from our employer customers supports the proposition that the better data we can provide, the better those healthcare decisions can be. Employers will also benefit from this action, as it furthers the national movement towards value-based healthcare.” About Castlight Health Castlight Health (NYSE: CSLT) is a pioneer of the Enterprise Healthcare Cloud and a leading provider of cloud-based software for health care. Founded in 2008, San Francisco-based Castlight makes health care data actionable, empowering our enterprise customers to gain control over their health care spending and transforming how companies and employees engage in health care. With Castlight, employers can implement technology-enabled benefit designs, integrate disparate health care applications, and provide meaningful information to employees and their families. More than 100 companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Castlight. For more information visit www.castlighthealth.com. Follow us on Twitter and LinkedIn and Like us on Facebook. Source: Castlight Health.
###Media Contact: Lorie Fiber Corporate Communications Castlight Health email@example.com 646-318-0575