Launches Four New Solution Centers and New Products
SAN FRANCISCO – June 10, 2014 – Today Castlight Health®, Inc. (NYSE: CSLT) announced the availability of the Castlight Enterprise Healthcare Cloud featuring four new Solution Centers. The Solution Centers provide a set of applications and services that enable employers to deliver cost-effective benefits, provide medical professionals and health plans a merit-based market to showcase their services, and – most importantly – empower employees to make informed healthcare choices with a clear understanding of costs and likely outcomes. The Castlight Platform and the Castlight Data Interchange power each Solution Center.
“As a global information and measurement company, we are focused on delivering actionable insights and innovative solutions that bring ongoing value to our clients,” said Brendon Perkins, vice president, Global Benefits and Mobility for Nielsen. “Similarly, Castlight’s Enterprise Healthcare Cloud brings great value to our business by connecting our associates to health and benefits-related resources they need to make informed decisions.”
“With today’s announcement about the Enterprise Healthcare Cloud we usher in a new era in American healthcare,” said Giovanni Colella, M.D., co-founder and CEO of Castlight Health. “The Castlight Cloud builds on our pioneering transparency work – work that has served as an important starting point on the journey to create a merit-based healthcare market. Now, it’s time to cure enterprise healthcare. Because enterprise healthcare is not going to fix itself.”
Four New Solution Centers Meet Employer Needs Four new Solution Centers are part of the Castlight Enterprise Healthcare Cloud, built explicitly to meet the needs of large self-insured employers in the United States. Each new Solution Center will be delivered through an enhanced, integrated technology architecture and updated user interfaces to provide a seamless user experience.
Castlight Insights Castlight Insights provides dashboards, reports, and analytics to pinpoint opportunities to eliminate wasteful healthcare spending and poor quality outcomes. This new Solution Center will allow business and benefits executives to move from receiving disparate reports from multiple sources – which often lack synergy with the entire benefits strategy – to a single source of record for enterprise healthcare with advanced analytics identifying how to optimize for cost and employee outcomes.
As part of the Castlight Insights Solution Center, Castlight is introducing the availability of an integrated dashboard of key performance metrics that will provide an at-a-glance overview of employee activity in Castlight. This advanced analytics capability is expected to be available in 2015. The dashboard is the next evolution of the company’s best practice reports. These reports, available now, deliver high value analytics and actionable insights including Reference Based Pricing and Rewards opportunity analysis, emergency room avoidance analysis, on-site clinic analysis, and high spender analysis.
Castlight Controls Castlight Controls empowers employers with a comprehensive set of management controls and the ability to design, optimize, and scale benefits, increasing effectiveness of benefit programs and maximizing healthcare investments. Through controls such as Reference Based Pricing and Rewards, benefit leaders can now free themselves from the constraints of current benefit options to innovate new benefit designs that drive selection of high quality, affordable care.
Castlight Connect Castlight Connect integrates third-party solutions to enable employees to discover and access services such as on-site clinics, telehealth, Health Savings Account (HSA) providers, and more. Deploying this Castlight Solution Center empowers businesses to move away from a fragmented set of underutilized vendor programs to providing a “one stop shop” for employees. Employees can then better take advantage of these resources when they need them, thereby increasing the programs value to the employee and return on investment to the employer.
Castlight Care Castlight Care provides employees and their families with user-friendly web and mobile access to the personalized information they need to make better healthcare decisions.
Castlight Care is available to users across a variety of platforms including web, iOS, Android, Windows Mobile, the Castlight Guide live telephonic service, and is available in Spanish on mobile devices. Built on a foundation of transparency, Castlight Care eliminates surprises and enables employees to make informed decisions about their healthcare, taking full advantage of all of the benefits their employer offers to get the most value out of the healthcare system.
As part of the Castlight Care Solution Center, Castlight is introducing Castlight Dental. Castlight Dental is a shopping experience to manage costs and find the best dental care; it integrates seamlessly into Castlight Medical and Castlight Pharmacy for a unified employee experience regardless of plan administrator. Castlight Dental is expected to be available in the second half of 2014.
A Scalable Platform and Robust Engine Power the Enterprise Healthcare Cloud At the heart of the Castlight Enterprise Healthcare Cloud is the Castlight Platform and the Castlight Data Interchange.
The Castlight Platform provides a robust and highly secure cloud platform that scales to meet the requirements of the largest enterprises, integrates with major health plans and providers, and seamlessly works with vendors from across the healthcare ecosystem. Castlight applications are purpose built from the ground up on an innovative and highly adaptive foundation of modern cloud technologies delivering a highly available and secure multi-tenant cloud-based platform.
The Castlight Data Interchange brings together external data from the entire healthcare ecosystem and combines it with internal data generated from use of Castlight applications. The Castlight Data Interchange relates medical, pharmacy, and dental claims, provider directories, national, and regional quality data, employer and employee information, and other healthcare related data in a single database. The Castlight database already includes more than one billion healthcare claims and is a source for generating actionable analytics.
“Great healthcare builds great business,” said Colella. “Castlight believes that new technology will cure the healthcare system to deliver the best outcomes for American families. The Enterprise Healthcare Cloud is designed to revolutionize the way businesses manage healthcare, just as cloud technology did in markets such as Enterprise Resource Planning, Customer Relationship Management, Security, and Human Resource Management Systems.”
About Castlight Health
Castlight Health, Inc. (NYSE: CSLT) believes great healthcare builds great business. The Castlight Enterprise Healthcare Cloud enables employers to deliver cost-effective benefits, provides medical professionals and health plan administrators a merit-based market to showcase their services, and – most importantly – empowers employees and their families to make informed choices with a clear understanding of costs and outcomes. For more information visit www.castlighthealth.com. Follow us on Twitter and LinkedIn and Like us on Facebook. Source: Castlight Health.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements about Castlight Health’s expectations, plans, intentions, and strategies, including, but not limited to, statements regarding future innovation by the company and future developments with respect to the digital healthcare industry. Statements including words such as “anticipate,” “believe,” “estimate,” “expect,” or “future,” and statements in the future tense are forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions, which, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in Castlight Health’s documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Castlight Health as of the date hereof. Castlight Health assumes no obligation to update these forward-looking statements.
Kristin Baker Spohn
Copyright 2014 Castlight Health, Inc. Castlight Health is the registered trademark of Castlight Health Inc. Other company and product names may be trademarks of the respective companies with which they are associated.