Collaboration Supports Healthcare Consumerism and Adoption of
Innovative Technologies to Help Lower Healthcare Costs and Improve
Outcomes
Castlight Health, Inc. (NYSE: CSLT) a leader in enterprise healthcare
management (EHM) and Anthem Blue Cross and Blue Shield today announced a
strategic relationship to help employers and their employees lower
costs, improve outcomes, and increase benefits satisfaction. During the
initial three-year term of the agreement, Anthem will provide its
commercial members in Connecticut access to Castlight’s innovative cost
and quality decision-support tools on Anthem.com, which will be rolled
out to members over the term of the contract. The companies will also
jointly market Castlight’s solutions to Anthem’s customer base.
“Anthem is committed to delivering innovative technologies for our
members,” said Jill R. Hummel, president for Anthem Blue Cross and Blue
Shield in Connecticut. “Transparency is a critical component of
providing healthcare consumers access to the resources they need to make
informed choices. As a result of this relationship, Anthem will deliver
important and actionable information regarding health care quality, cost
and resources, including information regarding Anthem’s telemedicine,
wellness and other offerings, to its members through a highly usable
digital experience. These enhancements will give our members more
support than ever, which can help drive increased engagement and result
in improved health and lower costs.”
In addition to making available Castlight’s core transparency tool,
Anthem will provide its commercial customers with a simple path to
premium Castlight enterprise healthcare management (EHM) solutions,
which can help these organizations optimize their benefits management
strategy.
“Castlight is deeply honored to collaborate with Anthem in this
endeavor. Our relationship represents a major advance in bringing
innovative technologies to employers and employees that will help them
lower their healthcare costs, and improve medical outcomes,” said
Giovanni Colella, M.D., co-founder and chief executive officer at
Castlight Health. “We are confident that this collaboration will further
accelerate the adoption of our EHM solutions in the market.”
About Anthem Blue Cross and Blue Shield in
Connecticut
Anthem Blue Cross and Blue Shield is the trade name of Anthem Health
Plans, Inc. Anthem Blue Cross and Anthem Blue Cross Life and Health
Insurance Company are independent licensees of the Blue Cross
Association. ® ANTHEM is a registered trademark of Anthem Insurance
Companies, Inc. The Blue Cross names and symbols are registered marks of
the Blue Cross Association. Also follow us on Twitter at www.twitter.com/AskAnthem
or www.twitter.com/AnthemPR_CT,
on Facebook at www.facebook.com/AskAnthem.
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 2014 top
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.
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. Castlight does not provide BlueCross and/or
BlueShield products or services and is solely responsible for its
products/services.
Forward Looking Statements Disclaimer
This press release contains “forward-looking” statements that are based
on Castlight’s beliefs and assumptions and on information currently
available to Castlight’s management. Forward-looking statements include
all statements other than statements of historical fact contained in
this presentation, including information concerning the success of the
expanded collaboration and the pace of adoption of Castlight’s solutions.
Forward-looking statements are subject to known and unknown risks,
uncertainties, assumptions and other factors including, but not limited
to, those related to market acceptance of Castlight’s Enterprise
Healthcare Management offerings, ability to increase sales of
Castlight’s offerings and to attract and retain customers, ability to
develop new applications and bring them to market in a timely manner,
ability to maintain, protect and enhance Castlight’s brand and
intellectual property, and ability to continue to stay in compliance
with applicable laws and regulations. Moreover, Castlight operates in a
very competitive and rapidly changing environment, and new risks may
emerge from time to time. It is not possible for Castlight’s management
to predict all risks, nor can Castlight assess the impact of all factors
on is business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements it may make. These factors,
together with those that may be described in greater detail in
Castlight’s reports that Castlight file from time to time with the
Securities and Exchange Commission, including Castlight’s
quarterly reports on form 10-Q, particularly under the heading “Risk
Factors,” may cause Castlight’s actual results, performance or
achievements to differ materially and adversely from those anticipated
or implied by its forward-looking statements.
You should not rely upon forward-looking statements as predictions of
future events. Although Castlight management believes that the
expectations reflected in its forward-looking statements are reasonable,
Castlight cannot guarantee that the future results, levels of activity,
performance or events and circumstances described in the forward-looking
statements will be achieved or occur. Moreover, neither Castlight, nor
any other person, assume responsibility for the accuracy and
completeness of the forward-looking statements. Castlight undertakes no
obligation to publicly update any forward-looking statements for any
reason after the date of this press release to conform these statements
to actual results or to changes in its expectations, except as required
by law.
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