HUNT VALLEY, MD, April 30, 2014 — ConnectYourCare, a national leader in consumer-directed healthcare (CDH) account solutions, today announced a partnership with Castlight Health (NYSE: CSLT), a leading provider of cloud-based software for healthcare. With this partnership, ConnectYourCare’s health savings account (HSA) data will be integrated into Castlight’s Enterprise Healthcare Cloud technology platform, providing ConnectYourCare mutual customers and members access to all the benefits of Castlight. With Castlight, employers can better manage enterprise healthcare spending and employees and their families can better manage their healthcare costs; search for highly qualified, cost-efficient providers and services; and make decisions that enable them to get maximum benefit from their health savings accounts (HSAs).
“We believe that everyone deserves affordable healthcare, and lowering costs through health savings accounts and healthcare transparency are essential components of the equation,” said Dan Stachura, ConnectYourCare’s Vice President for Solutions Engineering. “The integration of ConnectYourCare’s solution with Castlight’s Enterprise Healthcare Cloud couples these essential elements into one powerful, simple and straightforward technology platform which benefits employers, employees and their families.”
HSAs are one of the most important elements of consumer-directed healthcare plans, providing consumers with substantial tax-advantaged savings for healthcare expenses. Increasingly, employers are offering HSA-compatible high-deductible health plans to reduce their overall healthcare spend. The integration of ConnectYourCare with Castlight gives employers another means to engage employees across the benefits spectrum and a channel to promote sound healthcare management practices.
“ConnectYourCare consistently strives to provide value to our members through innovation, so we are very excited to partner with Castlight,” said Stachura. “Castlight helps businesses and individuals make wiser choices about how to spend their healthcare dollars. Informed decision-making is a cornerstone of consumer-directed healthcare.”
“Castlight Health is dedicated to teaming up with leaders across the healthcare ecosystem to build the Enterprise Healthcare Cloud into the most beneficial technology platform for businesses and their employees and families,” said Naomi Allen, Castlight Health’s Vice President of Product. “ConnectYourCare is a well-known leader in consumer-directed healthcare, serving many large employers. We’re honored to partner with them and view our partnership as the right step to help their members make more educated choices with their ConnectYourCare HSAs.”
About Castlight Health
Castlight Health (NYSE: CSLT) is a pioneer of the Enterprise Healthcare Cloud. Founded in 2008, San Francisco-based Castlight makes healthcare data actionable, empowering our enterprise customers to gain control over their healthcare spending and transforming how companies and employees engage in healthcare. With Castlight, employers can implement technology-enabled benefit designs, integrate disparate healthcare 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.
ConnectYourCare’s consumer-directed healthcare platform provides a fast path to account-based health plans, enabling firms to lower health benefit costs while empowering consumers with the tools they need to better manage health savings. The solution of choice for large employers, health plans and banks, ConnectYourCare offers a fresh approach to health savings by combining a simplified experience, seamless access and a unique coaching model to accelerate savings and consumer engagement. By removing complexity and motivating individuals to take control of health savings, ConnectYourCare maximizes return on investment for all participants in the healthcare benefits value chain and enables everyone to simplify, save and grow.
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