ConAgra Foods Improves its Innovative Benefits Program with Health Care Transparency from Castlight Health
May 23, 2013
Health Care Management Suite Helps Employees Reduce Costs, Increase Engagement and Improve Outcomes
SAN FRANCISCO — May 23, 2013 — ConAgra Foods, one of North America’s leading packaged food companies, has selected Castlight Health to enable its employees to make informed, value-based decisions about their health care. With Castlight’s health care management suite, ConAgra’s employees will have access to in-depth information on the cost and quality of medical services, providers and prescriptions, helping them to reduce the escalating cost of care for themselves and the company. By providing employees with increased transparency, ConAgra will also help engage them in the management of their care and achieve better outcomes.
As a company operating within a highly competitive marketplace, ConAgra needed to address rising health care costs without negatively impacting the price of its end products. ConAgra determined that by implementing a consumer-driven health plan (CDHP) in tandem with health care transparency, it could offer a best-in-class benefits program to its workforce. After a comprehensive review of available solutions, ConAgra selected Castlight for the depth of its quality and cost data coupled with the impartiality offered by an independent vendor. Additionally, the expertise of Castlight’s clinical team provided an extra advantage, as they could collaborate with ConAgra to provide strategic advice on benefits plan design.
“To combat the burden of ever-rising health care costs, we knew we would require an innovative benefits program that put the responsibility on both ConAgra and our employees. Yet we also realized that offering a CDHP without transparency would be like asking consumers to shop at a grocery store while wearing a blindfold,” said Bart Karlson, senior director of benefits, ConAgra Foods. “By working with Castlight, we are giving our employees the insight they need to make better-informed, high-value decisions on their care.”
ConAgra is also leveraging Castlight Pharmacy to provide its employees with comprehensive information about prescription drug costs and providers as well as Castlight Mobile for anywhere, anytime access to Castlight’s health care management suite. With this comprehensive set of offerings, ConAgra employees have access to the tools they need to manage their health care whether they’re at home, at work or on-the-go. In addition, ConAgra plans to leverage the integration capabilities of Castlight’s suite to offer new health care benefits programs moving forward, such as reference-based rewards.
“There is a universal understanding that health care costs are continuing to rise, though this impacts every employer differently,” said Giovanni Colella, M.D., CEO and co-founder of Castlight Health. “For ConAgra, the key was to strike a balance between controlling costs and providing its employees with top-notch benefits. With Castlight, ConAgra’s workforce has access to the kind of health care and prescription information that will help them more closely manage their care as engaged consumers, while helping ConAgra get skyrocketing costs under control.”
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