| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
161 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
143 |
| Net Income (TTM) (Millions $) |
-9 |
| Cash Flow (TTM) (Millions $) |
19 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Castlight Health Inc. is a healthcare IT company that provides a unified SaaS platform that enables personalized management of healthcare and benefits that simplify navigation of the complex healthcare industry. Castlight health was founded in 2008, after the observation that the rise in healthcare costs was forcing employers and providers to rethink the way they deliver and finance their members' healthcare. The company's founding principles revolve around assisting businesses in controlling healthcare costs and enhancing the health and wellbeing of their employees.
Castlight Health has transformed the digital health landscape by offering a highly personalized and transparent approach to managing employee health benefits. The platform provides personalized guidance and decision support that empowers employees to make better, more informed healthcare choices. It operates by using an algorithm and data analysis to examine user claims and health conditions, and then suggest personalized healthcare solutions to help individuals make well-informed healthcare decisions.
Castlight Health's healthcare thrives on its highly granular data analytics, which have helped the company to establish itself as a leader in healthcare data management indicating the cost, quality, and the results of care across different clients. The platform provides both employers and employees access to comprehensive reporting and analytics to understand how health benefits dollars are being spent, as well as healthcare use and satisfaction rates.
The company's revenues come from enterprise-class clients, including Cornell University, General Electric, and Walmart, and it partners with most of the major insurers such as Blue Cross Blue Shield, United Health, and Cigna. Castlight has also expanded into other areas of healthcare beyond its traditional benefits navigation focus. It acquired Jiff in 2017, a company that specializes in corporate wellness platforms, to strengthen its position in the market. Through its Jiff platform, Castlight provides employers and employees with access to a vast library of health and wellness content, programs, and services.
In conclusion, Castlight Health Inc. is a digital health firm focused on providing personalized, consumer-driven solutions for managing employee health benefits. Their data-driven platform provides businesses with a one-stop-shop to track employee healthcare costs and help their teams make informed healthcare decisions. Castlight Health's success has been driven by a focus on using analytics for healthcare data management and working closely with major insurers and employers.
Company Address: 150 Spear Street San Francisco 94105 CA
Company Phone Number: 829-1400 Stock Exchange / Ticker: NYSE CSLT
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