Blue Cross and Blue Shield of Georgia and Castlight Health Announce Strategic Collaboration

Collaboration Supports Healthcare Consumerism and Adoption of Innovative Technologies to Help Lower Healthcare Costs and Improve Outcomes

 


Atlanta and San Francisco – November 4 2015 – Castlight Health, Inc.  (NYSE: CSLT) a leader in enterprise healthcare management (EHM) and Blue Cross and Blue Shield of Georgia (BCBSGa) today announced a strategic relationship to help employers and their employees lower costs, improve outcomes, and increase benefits satisfaction. During the initial three-year term of the agreement, BCBSGa will provide its commercial members in Georgia access to Castlight’s innovative cost and quality decision-support tools on www.bcbsga.com, which will be rolled out to members over the term of the contract. The companies will also jointly market Castlight’s solutions to BCBSGa’s customer base.

 

“BCBSGa will continue to offer innovative and easy to use technologies for our members,” said Jeff Fusile president of BCBSGa. “Transparency is a critical component of providing consumers with access to the resources they need to make informed choices about their health care. This relationship will give our members the support they need to clearly understand health care cost and quality information, enabling our customers to make better decisions for themselves and their families.”

 

In addition to making available Castlight’s core transparency tool,BCBSGawill provide its commercial customers with a simple path to premium Castlight enterprise healthcare management (EHM) solutions, which can help these organizations optimize their benefits management strategy.

 

“Castlight is deeply honored to collaborate with BCBSGa in this endeavor. Our relationship represents a major advance in bringing innovative technologies to employers and employees that will help them lower their healthcare costs, and improve medical outcomes,” said Giovanni Colella, M.D., co-founder and chief executive officer at Castlight Health. “We are confident that this collaboration will further accelerate the adoption of our EHM solutions in the market.”

 

About Blue Cross and Blue Shield of Georgia:

Blue Cross and Blue Shield of Georgia, Inc. and Blue Cross Blue Shield Healthcare Plan of Georgia, Inc. are independent licensees of the Blue Cross Blue Shield Association. The Blue Cross Blue Shield names and symbols are registered marks of the Blue Cross and Blue Shield Association. Additional information about Blue Cross and Blue Shield of Georgia, Inc. is available at www.bcbsga.com. Also, follow us on Twitter at www.twitter.com/AskBCBSGa and www.com/BCBSGaPR.com.

 

About Castlight Health:

Castlight Health, Inc. (NYSE:CSLT) is a leader in Enterprise Healthcare Management. We believe great healthcare builds great business, and U.S. enterprises can gain control over the $620 billion spent annually on healthcare, transforming a crippling cost into a strategic business advantage. Recognized as a 2014   top software platform  by the HR Technology Conference & Exposition, the Castlight Enterprise Healthcare Cloud enables employers to understand and manage their healthcare investments while helping employees make the best possible healthcare decisions. Castlight is a great place to work, honored with a Glassdoor Employees’ Choice award and recognized by Rock Health for  Diversity in Leadership. For more information visit  www.castlighthealth.com. Follow us on Twitter and LinkedIn and Like us on Facebook. Source: Castlight Health.

 

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Investor Contact:

Charles Butler

[email protected]om

415-829-1400

 

Media Contact:

Jim Rivas

[email protected]

415-829-1568

 

Media Contact in Georgia:

Debbie Diamond

[email protected]

404-479-8735

470-259-4545-Cell

 

Copyright 2015 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.Castlight does not provide BlueCross and/or BlueShield products or services and is solely responsible for its products/services.

 

Forward Looking Statements Disclaimer

This press release contains “forward-looking” statements that are based on Castlight’s beliefs and assumptions and on information currently available to Castlight’s management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning the success of the expanded collaboration and the pace of adoption of Castlight’s solutions.

 

Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but not limited to, those related to market acceptance of Castlight’s Enterprise Healthcare Management offerings, ability to increase sales of Castlight’s offerings and to attract and retain customers, ability to develop new applications and bring them to market in a timely manner, ability to maintain, protect and enhance Castlight’s brand and intellectual property, and ability to continue to stay in compliance with applicable laws and regulations. Moreover, Castlight operates in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for Castlight’s management to predict all risks, nor can Castlight assess the impact of all factors on is business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements it may make. These factors, together with those that may be described in greater detail in Castlight’s reports that Castlight file from time to time with the Securities and Exchange Commission, including Castlight’s quarterly reports on form 10-Q, particularly under the heading “Risk Factors,” may cause Castlight’s actual results, performance or achievements to differ materially and adversely from those anticipated or implied by its forward-looking statements.

 

You should not rely upon forward-looking statements as predictions of future events. Although Castlight management believes that the expectations reflected in its forward-looking statements are reasonable, Castlight cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither Castlight, nor any other person, assume responsibility for the accuracy and completeness of the forward-looking statements. Castlight undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release to conform these statements to actual results or to changes in its expectations, except as required by law.