May 3, 2011

Castlight Health Enables Life Technologies to Take Control of Health Care Costs

Castlight Health’s configurable, easy-to-use shopping tools and unbiased pricing and quality information brings health care transparency to employees.

 

San Francisco, CA, May 3, 2010—Castlight Health, the premier company enabling employers and health plans to take control of health care costs through easy-to-use shopping tools with unbiased pricing and quality information, announced that Life Technologies Corporation has implemented the Castlight shopping portal for their benefits-eligible employees across the U.S.

 

Since implementation in January, Life Technologies employees have overwhelmingly adopted Castlight Health’s platform. More than 50 percent of eligible Life Technologies employees activated their Castlight Health account in just the first month, more than twice Life Technologies’ expectations for the first year. More than 60 percent of those registered employers have already shopped for health care using Castlight.

 

“Life Technologies’ employees power the innovation that our company delivers, so we are proud of being able to offer them a system which gives them the ability to take control of their health care and make informed decisions on costs and quality before visiting the doctor,” said Dr. Peter Leddy, Senior Vice President of Global Human Resources for Life Technologies. “We want to empower our employees in their wellness and I’m pleased that the majority of eligible employees have already used Castlight to take charge of their health care decisions.”

 

Life Technologies, a global biotechnology company dedicated to improving the human condition by enabling researchers to accelerate scientific exploration, is committed to bettering the health and productivity of their employee base.

 

As part of their 2011 benefits year, Life Technologies introduced several Consumer-Directed Health Plans in conjunction with a Health Savings Accounts (HSA) for all eligible employees. In addition, they implemented Castlight Health’s shopping platform to enable employees to budget their health care expenditures and make informed health care decisions based on quality, cost, and convenience.

 

“Historically, there has been a lack of transparency in health care, but companies such as Life Technologies are providing innovative approaches to change this,” said Giovanni Colella, M.D, Castlight Health co-founder and CEO. “Their successful Castlight enrollment and usage shows that employees are excited by tools that allow them to take control of their health care.”

 

About Castlight Health:

Castlight Health enables consumers, employers, and health plans to take control of health care costs and improve care through easy-to-use shopping tools and unbiased pricing and quality information. Castlight Health was #1 on The Wall Street Journal’s list of The Top 50 Venture-Backed Companies for 2011. Castlight is headquartered in San Francisco and backed by prominent investors including Venrock, Oak Investment Partners, Maverick Capital, Morgan Stanley Investment Management, Wellcome Trust, Cleveland Clinic, and U.S. Venture Partners. For more information, please visit our web site at http://www.castlighthealth.com or call (888) 227-8544. Contact: Susie McDonald (503) 443-7297 [email protected]

Press Information