SAN FRANCISCO, Dec. 18, 2017 /PRNewswire/ -- Today,
Castlight Health (NYSE:CSLT) announced significant milestones in
the growth of its ecosystem partnerships and customer base.
Castlight has completed new partnerships with five digital
health companies: Livongo, a chronic condition management
solution; Big Health, a provider of mental health and sleep
solutions; Hinge Health, a musculoskeletal disorder
solution; Retrofit, a weight management and disease
prevention solution; and Kurbo, a family weight loss and
healthy lifestyle solution. This continues a year of rapid
expansion for Castlight's partnership ecosystem: the company added
11 new partners in the past 10 months, enabling it to now sell over
40 different vendors pre-integrated with its platform. The
partners' solutions are available to all Castlight customers,
greatly simplifying their contracting and implementation
processes.
"Castlight and Livongo are incredibly complementary. Livongo's
chronic condition management offering leverages a unique
combination of consumer friendly technology, real-time data driven
insights, and a personalized healthcare experience, and we have
delivered excellent member satisfaction, clinical outcomes, and
cost savings," said Jim Pursley,
chief commercial officer of Livongo. "By plugging into Castlight's
health navigation platform, we're able to amplify the results and
deliver an even better experience making it a real win for our
members and shared clients."
Castlight has been rapidly growing its customer base as well.
Castlight added 26 new customers in its third quarter of 2017, and
now counts more than 250 employers as customers, including 80 of
the Fortune 500. The company saw its best gross new bookings
quarter in nearly three years – onboarding employers in all major
industries such as retail, higher education, manufacturing,
banking, and food and beverage. The company has also seen strong
revenue growth from its existing customer base: in the past six
months, over 40 customers have purchased both or a combination of
Castlight and Jiff products.
"We are united around a mission of making it as easy as humanly
possible to navigate healthcare," said Derek Newell, president of Castlight Health.
"Our momentum underscores the rising appetite for health navigation
among employers, our partners, and other healthcare stakeholders,
and we're excited to continue helping more employees live happier,
healthier, more productive lives as we grow."
Underscoring this acceleration, Castlight was recognized in
November as one of the fastest growing technology companies in
North America on Deloitte's 2017
Technology Fast 500™ list.
"We are proud of Castlight's growth and progress developing our
platform to better help employers regain control over rising health
costs and empowering employees to get the most value from their
healthcare and benefits," said Castlight Health Senior Vice
President of Sales and Growth Mike
Leonard. "Our success is built on the hard work of our team,
cooperation of our industry-leading partners, and support of our
employer customers."
About Castlight Health
Castlight is on a mission to
make it as easy as humanly possible to navigate healthcare and live
happier, healthier, more productive lives. Our health navigation
platform connects with hundreds of health vendors, benefits
resources, and plan designs, giving rise to the world's first
comprehensive app for all health needs. We guide individuals—based
on their unique profile—to the best resources available to them,
whether they are healthy, chronically ill, or actively seeking
medical care. In doing so, we help companies regain control over
rising healthcare costs and get more value from their benefits
investments. Castlight revolutionized the healthcare sector with
the introduction of data-driven price transparency tools in 2008
and the first consumer-grade wellbeing platform in 2012. Today,
Castlight serves as the health navigation platform for millions of
people and is a trusted partner to many of the largest employers in
the world. We are headquartered in San
Francisco, and can be found online at
www.castlighthealth.com and on the New York Stock Exchange as
CSLT.
Media Contact:
Shannon Magill
press@castlighthealth.com
415-829-1500
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SOURCE Castlight Health