Castlight Health Announces New Partnerships and Expanding Customer Base
December 18, 2017
Health navigation platform grows to 40+ digital health partnerships and more than 250 customers
San Francisco – December 18, 2017 – Today, Castlight Health (NYSE:CSLT) announced significant milestones in the growth of its ecosystem partnerships and customer base.
Castlight has completed new partnerships with five digital health companies: Livongo, a chronic condition management solution; Big Health, a provider of mental health and sleep solutions; Hinge Health, a musculoskeletal disorder solution; Retrofit, a weight management and disease prevention solution; and Kurbo, a family weight loss and healthy lifestyle solution. This continues a year of rapid expansion for Castlight’s partnership ecosystem: the company added 11 new partners in the past 10 months, enabling it to now sell over 40 different vendors pre-integrated with its platform. The partners’ solutions are available to all Castlight customers, greatly simplifying their contracting and implementation processes.
“Castlight and Livongo are incredibly complementary. Livongo’s chronic condition management offering leverages a unique combination of consumer friendly technology, real-time data driven insights, and a personalized healthcare experience, and we have delivered excellent member satisfaction, clinical outcomes, and cost savings,” said Jim Pursley, chief commercial officer of Livongo. “By plugging into Castlight’s health navigation platform, we’re able to amplify the results and deliver an even better experience making it a real win for our members and shared clients.”
Castlight has been rapidly growing its customer base as well. Castlight added 26 new customers in its third quarter of 2017, and now counts more than 250 employers as customers, including 80 of the Fortune 500. The company saw its best gross new bookings quarter in nearly three years – onboarding employers in all major industries such as retail, higher education, manufacturing, banking, and food and beverage. The company has also seen strong revenue growth from its existing customer base: in the past six months, over 40 customers have purchased both or a combination of Castlight and Jiff products.
“We are united around a mission of making it as easy as humanly possible to navigate healthcare,” said Derek Newell, president of Castlight Health. “Our momentum underscores the rising appetite for health navigation among employers, our partners, and other healthcare stakeholders, and we’re excited to continue helping more employees live happier, healthier, more productive lives as we grow.”
Underscoring this acceleration, Castlight was recognized in November as one of the fastest growing technology companies in North America on Deloitte’s 2017 Technology Fast 500™ list.
“We are proud of Castlight’s growth and progress developing our platform to better help employers regain control over rising health costs and empowering employees to get the most value from their healthcare and benefits,” said Castlight Health Senior Vice President of Sales and Growth Mike Leonard. “Our success is built on the hard work of our team, cooperation of our industry-leading partners, and support of our employer customers.”