San Francisco, CA – April 24, 2012 – Castlight Health, developer of a personalized health care shopping platform, announced today that global insurance broker Willis North America, a unit of Willis Group Holdings (NYSE:WSH), will be rolling out Castlight to all of its employees as part of its 2012 benefits package.
Willis has built its global risk management and insurance brokerage business through its employees, creating a high performance and customer service-driven culture. With health care costs and complexity increasing for its more than 8,000 employees across 200 local offices in U.S., Willis North America was looking for a way to enhance employee wellness and reduce costs.
After a review of available options, Willis selected Castlight Health’s platform for price and quality transparency based on its ability to combine quality data with a comprehensive view into the cost of common health care procedures. The user-friendly solution incorporates personalized health care information, like an employee’s benefit design or flexible savings accounts (FSA) spending, into a single online dashboard to improve employee decision making.
“As U.S. health care costs have skyrocketed in recent years, we were looking for a way to reduce the cost burden on our North America operation, while still providing an offering that provides value to our employees and their families,” said Marc Bilodeau, senior vice president, Willis North America. “With greater insight into the cost and quality of health care procedures and providers, our employees will be able to save time and money and better manage their overall health care needs.”
By aggregating health care data into a personalized dashboard for employees, Castlight Health has become a system of record for Willis employee health care decision making. Castlight Health integrates multiple data feeds to show a total spend snapshot, and deliver valuable, accurate account information to employees. To provide insight into quality and service metrics, Castlight reflects carrier quality designations for providers and facilities within the application. Castlight also integrates with two additional Willis vendor applications for care coordination and recommendations to ensure a seamless experience across the employee benefits programs.
“U.S. companies of all sizes are seeking ways to lower costs and reduce the opacity of health care services for their employees,” said Ethan Prater, vice president of products, Castlight Health. “It is a testament to the superior quality of Castlight’s health care transparency solution that a top notch insurance broker, with thousands of employees that live and breathe benefits, has selected Castlight Health.”
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.
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 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 (415) 829-1400.
Blanc & Otus for Castlight Health