Mar 12, 2015

Castlight Health Awarded Statewide Contract with Association of California Water Agencies Joint Powers Insurance Authority

SAN FRANCISCO — March 12, 2015 — Castlight Health, Inc. (NYSE:CSLT) today announced that the Association of California Water Agencies Joint Powers Insurance Authority (ACWA/JPIA) has selected Castlight’s Enterprise Healthcare Cloud software platform to help the organization strategically manage its healthcare investment on behalf of almost 300 member agencies. Individuals who receive healthcare benefits from ACWA/JPIA will now be able to make more informed medical choices using Castlight.

 

Castlight’s contract with ACWA/JPIA expands Castlight’s already impressive roster of public sector customers including CalPERS and the State of Indiana.

 

“With Castlight, ACWA/JPIA now has access to an online enterprise healthcare management platform that meets the needs of our association, our member agencies, and the individual members located across California,” said Andy Sells, CEO of ACWA/JPIA. “We are impressed by Castlight’s track record working with public sector organizations, and attracted to the company’s powerful one-stop platform and communications expertise. The Castlight platform can integrate multiple benefit offerings and yet do so in a manner personalized to each user, including incenting consumers to make smart healthcare decisions.”

 

Working with Castlight, ACWA/JPIA plans to:

  • Engage individual members to become activated healthcare consumers, including rewarding use of high-value providers and providing one stop access to employer-provided benefit programs. In doing so, ACWA/JPIA aims to improve the health and financial well-being of the membership and support worker productivity across member agencies statewide;
  • Educate and empower Preferred Provider Organization participants in both the traditional deductible and high-deductible health plans. Castlight software will enable individual members to make informed choices, making the most of their healthcare dollars; and
  • Effectively communicate with the broad-based ACWA/JPIA membership, efficiently providing information to individuals employed by different organizations and located across the Golden State.

 

“We are honored that ACWA/JPIA selected Castlight and look forward to working closely with them,” said Giovanni Colella, M.D., co-founder and CEO of Castlight Health. “Castlight’s Enterprise Healthcare Cloud is well-suited to serve geographically dispersed organizations with a diverse employee base, as it is built to offer the scale needed to power large organizations and to serve individuals’ specific needs.”

 

Today, more than 168 companies spanning 25 industries have selected Castlight’s Enterprise Healthcare Cloud to leverage existing investments in employee health and wellness, eliminate waste, and eradicate unnecessary spending. Castlight customers include more than 45 Fortune 500 companies, including those in retail, technology, manufacturing, and transportation, as well as government entities.

 

About ACWA/Joint Powers Insurance Authority

The JPIA is a public entity formed in 1979 to meet the needs of its members for liability, property, and workers’ compensation. It began offering employee benefits coverage in 2012. The JPIA is a partnership of public water agencies working together to share the risks associated with purveying water. Managed by directors and managers of the water agencies served, the Authority is highly responsive to water district needs related to insurance. The JPIA listens and acts on member input to enhance products and services for the greater good of the pool. And because it is a not-for-profit pool, JPIA returns excess funds as well as investment income to its members. For the Liability, Property, and Workers’ Compensation Programs, the JPIA has returned nearly $25 million in excess premiums to the members in the last five years. The organization provides a secure, stable, and highly cost-effective solution for protecting the assets, liabilities, and employees of public water agencies.

 

About Castlight Health

Castlight Health, Inc. (NYSE:CSLT) is a leader in Enterprise Healthcare Management. We believe great healthcare builds great business, and U.S. enterprises can gain control over the $620 billion spent annually on healthcare, transforming a crippling cost into a strategic business advantage. Recognized as a top 2014 software platform by the HR Technology Conference & Exposition, the Castlight Enterprise Healthcare Cloud enables employers to understand and manage their healthcare investments while helping employees make the best possible healthcare decisions. Castlight is a great place to work, honored with a Glassdoor Employees’ Choice award and recognized by Rock Health for Diversity in Leadership. For more information visit www.castlighthealth.com. Follow us on Twitter and LinkedIn and Like us on Facebook. Source: Castlight Health.

 

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Media Contact:

Lorie Fiber

[email protected]

646-318-0575

 

Copyright 2015 Castlight Health, Inc. Castlight Health® is the registered trademark of Castlight Health Inc. Other company and product names may be trademarks of the respective companies with which they are associated.

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