Castlight Signals Better Health Care Costs and Outcomes for Analog Devices
Jun 10, 2013
Health Care Transparency from Castlight Health Enhances Benefits Offerings for Technology Leader
SAN FRANCISCO — June 10, 2013 — Analog Devices, an electronics industry leader, has selected Castlight Health to empower its employees to take greater control over their health care costs and outcomes. The Massachusetts-headquartered company will roll out the Castlight health care management suite to its employees and their adult dependents in summer 2013.
To maintain its steady pace of innovation and serve its 60,000 customers worldwide, Analog Devices strives to maintain a highly engaged and dynamic workforce. With a consumer-directed health plan a core offering in its benefits package, Analog Devices sought a program that would provide employees and their families an easy way to find convenient, high quality health care at the lowest cost. It found that solution in Castlight’s health care transparency offering.
“With a significant population of engineers, we have a very analytical employee base that loves data. Yet the true cost of health care and corresponding quality measures were the one set of numbers our employees didn’t have access to,” said Kathy Reinhardt, Global Benefits Director, Analog Devices. “With Castlight, we will be able to empower all our employees and their families with the information they need to take control over their care, while improving outcomes and reducing costs. This is a win-win for our employees and our company.”
After a competitive review, Analog Devices chose Castlight Health for its innovation, proven engagement model, strong customer base and comprehensive offerings.
Analog Devices will also use Castlight Mobile in conjunction with the health care management suite, with future plans to deploy Castlight Pharmacy. With the combined offerings, Analog Devices employees will have the ability to shop for high-quality, high-value health care and lower-priced prescription medication, regardless of their location.
“Analog Devices is committed to providing competitive benefits and wellness programs that help maintain a healthy workforce,” said Dena Bravata, chief medical officer and head of products, Castlight Health. “They quickly realized that the improved access to critical health care and prescription information Castlight provides will result in improved health, lower costs, and greater satisfaction for employees and their families.”
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.
Blanc & Otus for Castlight Health