Health Care Transparency from Castlight to Bolster Cummins’ Innovative Benefits Program
SAN FRANCISCO – April 25, 2013 – Cummins Inc. (NYSE:CMI), a Fortune 150 company and global power leader, is partnering with Castlight Health to offer Castlight’s Health Care Transparency solution to its 24,000 U.S. employees and their adult dependents. The partnership is a major element of Cummins’ continued efforts to bolster health care quality, reduce costs and improve outcomes for its employees.
Through Castlight’s health care management suite, users are able to access valuable information on the cost and quality of medical providers and procedures, empowering them to make well-informed decisions on the care available to them.
An ardent supporter of employee health and wellness, Cummins offers a wide variety of programs to help its workforce take control of their health care. When it launched a consumer-driven health plan (CDHP), Cummins determined that incorporating a Health Care Transparency solution would not only help employees uncover low-cost, high-quality care, but could also drive engagement in other benefits initiatives such as its wellness programs.
“Our business is powered by our employees and we believe that healthy, productive and informed employees are key to our success,” said Jill Olds, Director, Global Benefits Strategy, Cummins Inc. “By adding Health Care Transparency from Castlight to our benefits program, we can further engage our employees and their families in their health care and empower them to become better health care consumers.”
With Castlight, employees can find cost-effective health care providers, services and facilities. In addition, the Castlight tool will help cross-promote Cummins’ nurse helpline, maternity management program and Virgin HealthMiles rewards program. Cummins also plans to integrate Castlight with its pharmacy partner to provide richer data on pharmacies and prescriptions.
“Cummins has long been a visionary in how it approaches employee benefits and in understanding the importance and impact of engaging employees in their health care,” said Giovanni Colella, M.D., co-founder and CEO, Castlight Health. “Forward-thinking employers like Cummins are helping pave the path to Health Care Transparency by showcasing how innovative new benefits offerings can improve outcomes and reduce costs for their employees.”
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 46,000 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.65 billion on sales of $17.3 billion in 2012. Press releases can be found on the Web at cummins.com or cumminsengines.com. Follow Cummins on Twitter at http://twitter.com/cumminsengines and on YouTube at http://youtube.com/cumminsengines.
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.
Director, External Communications
Blanc & Otus for Castlight Health