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CVS Caremark Chooses Castlight Health to Help Employees Better Manage their Health Care


Pharmacy Leader Introduces Health Care Transparency to Help Employees Uncover High Quality, Cost-Effective Care

SAN FRANCISCO – December 19, 2012 – Castlight Health, the leading provider of health care transparency solutions for employers, today announced that CVS Caremark has selected Castlight to empower its employees with the information they need to make more informed decisions and improve their health care outcomes.

“Helping people on their path to better health is our purpose every day, and this starts with our own colleagues,” said Lisa Bisaccia, senior vice president and chief human resources officer, CVS Caremark. “With a wide variation in health care cost and quality – even within networks and regional markets – it is critical that our colleagues have the information they need to make smarter health care decisions. By offering Castlight, we can now make our employees better informed health care consumers.”

With its health care costs rising annually, CVS Caremark, the largest integrated pharmacy health care provider in the United States, sought out a transparency solution that would lower costs by enabling its employees to shop for services based on quality and price. After a competitive review, CVS Caremark selected Castlight for its proven ability to support enterprise customers, as well as its robust mobile capabilities and user-friendly interface.

The ability to configure the Castlight health care management suite to support CVS Caremark’s specific benefits program was key to the decision. Castlight will incorporate CVS Caremark’s MinuteClinic data in search results, helping provide CVS Caremark users access to these high-quality, low-cost clinics. CVS Caremark determined the intuitive Castlight user experience would appeal to a wide range of colleagues across its many corporate and pharmacy locations, while Castlight Mobile would be ideal for employees without access to a computer in the workplace.

“CVS Caremark is a leader in improving health related services for Americans,” said John Driscoll, president, Castlight Health. “By adopting health care transparency with Castlight, CVS Caremark will lower costs for the company and its employees, and further its goal of making high-quality health care more affordable for all.”

About Castlight Health

Castlight Health enables employers, their employees, and health plans to take control of health care costs and improve care. Named #1 on The Wall Street Journal’s list of “The Top 50 Venture-Backed Companies” for 2011 and one of Dow Jones’ 50 Most Investment-Worthy Technology Start-Ups, Castlight Health helps the country’s self-insured employers and health plans empower consumers to shop for health care. Castlight Health is headquartered in San Francisco and backed by prominent investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome Trust and two unnamed mutual funds. For more information, please visit our web site at http://www.castlighthealth.com or call (415) 829-1400.

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Press Contact:

Joan Levy

Blanc & Otus for Castlight Health

jlevy@blancandotus.com

415-856-5110