Empire BlueCross Blueshield and Castlight Health Announce Strategic Collaboration
November 05, 2015
Collaboration Supports Healthcare Consumerism and Adoption of Innovative Technologies to Help Lower Healthcare Costs and Improve Outcomes
San Francisco and New York City – November 4 2015 - Castlight Health, Inc. (NYSE: CSLT) a leader in enterprise healthcare management (EHM) and Empire BlueCross BlueShield 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, Empire will provide its commercial members in New York 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 Empire’s customer base.
“Empire BlueCross BlueShield is committed to delivering innovative technologies for our members,” said Amadou Yattassaye, interim president. “Transparency is a critical component of providing healthcare consumers access to the resources they need to make informed choices. This relationship will give our members more support than ever by providing easy to understand health care cost and quality information which can help drive employee engagement, lower costs, and lead to more satisfaction with healthcare benefits overall.”
In addition to making available Castlight’s core transparency tool, Empire 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 Empire BlueCross BlueShield 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 Empire BlueCross BlueShield
Serving New Yorkers for 80 years, Empire BlueCross BlueShield is the largest health insurer in New York supporting nearly five million members and more than 38,000 business, union and small employers in New York. Empire BlueCross BlueShield (Empire) is the trade name of Empire HealthChoice Assurance, Inc., and Empire Blue Cross Blue Shield HMO is the trade name of Empire HealthChoice HMO, Inc., independent licensees of the Blue Cross Blue Shield Association, serving residents and businesses in the 28 eastern and southeastern counties of New York State. Additional information about Empire is available at www.empireblue.com. Also, follow us on Twitter @empirebcbs.
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.
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