Oct 5, 2010

Castlight Health to Demo Breakthrough Health Care Shopping Tool at Health 2.0 Conference

Castlight CEO to participate in discussion of health care transformation.


San Francisco, CA, October 5, 2010—Castlight Health, the premier company empowering consumers with information to make informed health care shopping decisions, today announced that the first public demonstration of its service will take place during the Health 2.0 Conference on Friday, October 8, 2010. This will be the first opportunity for the public to experience the Company’s breakthrough service that enables consumers to search for personalized cost and quality information prior to receiving care.


The Castlight solution, provided to consumers through a web browser, enables self-insured companies to provide employees with individual-level views of their health care benefits and costs. Such granular detail enables employees to become informed consumers and shop for health care services by revealing out-of-pocket costs, alerting users about cost saving opportunities, and offering additional information about physicians and procedures.


Castlight will be showcasing the solution during the Launch! section of the conference on Friday October 8. In addition, the Company’s CEO Giovanni Colella will be interviewed on stage as one of three CEOs whose companies are transforming health care.


“Castlight dramatically improves the health care experience by empowering consumers to make informed decisions about their care, based on both price and quality,” explains Colella. “With some of the nation’s most innovative employers as customers, we are already changing the way people relate to the health care system.”


About Castlight Health:

Castlight Health was founded in 2008 to empower consumers with the knowledge to make informed health care shopping decisions. The rising cost of health care has put an increased burden on the consumer, while visibility into health care pricing and quality has remained elusive. Castlight Health offers companies a hosted software tool that provides employees with personalized views of their medical benefits and the costs associated with medical procedures. Castlight Health is headquartered in San Francisco and backed by prominent investors, including Venrock, Oak Investment Partners, Maverick Capital, Morgan Stanley Investment Management, The Wellcome Trust, The Cleveland Clinic, and U.S. Venture Partners. For more information, see http://www.castlighthealth.com. Contact: Susie McDonald (503) 443-7297 [email protected]

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