Company Profile
Castlight Health
Company Overview
Castlight Health helps the country's self-insured employers and health plans empower consumers to shop for health care. The rising cost of health care has put an increased burden on the consumer, while visibility into health care pricing and quality has remained elusive. Castlight was founded in 2008 to empower consumers with the knowledge to make informed health care shopping decisions. Castlight offers companies a web tool that provides employees with personalized views of their medical benefits and the costs associated with medical procedures.
Our web-based tool simplifies health care for the consumer. From explaining how costs can vary for a particular procedure to translating medical jargon on claims statements, Castlight provides the tools users need to take control of their own health care.
One of the most prominent business media sources, Fast Company, named Castlight Health one of the world’s most innovative companies of 2012. Castlight was also 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 is headquartered in San Francisco and backed by some of the world‘s leading investment and health care groups including Venrock, Oak Investment Partners, Maverick Capital, Morgan Stanley Investment Management, Wellcome Trust, Cleveland Clinic, U.S. Venture Partners, T. Rowe Price, Redmile Group, and two unnamed major mutual funds.
We have built deep relationships with the top U.S. health plans and the company has had unprecedented reception from employers, and has recently raised an additional $100 million in Series-D financing that brings Castlight Health’s total funding to $181 million.
Moreover, Castlight has developed a distinctive business model that aligns the incentives of employers, health insurance companies, and individuals, for the first time, to drive price transparency into the opaque business of health care costs. All of this comes at the perfect time to take advantage of macro-economic and federal legislative shifts. The company has assembled an extraordinarily high-quality team, to ensure that the exceptional potential of the business is met.
Company History
Castlight Health was co-founded by Gio Colella, Todd Park, and Bryan Roberts. Please visit our website to learn more about our Executive Team, Board of Directors, and Investors: www.castlighthealth.com
Notable Clients
Honeywell, Kraft, Willis, Life Technologies, Tesla, T.RowePrice, Liberty Mutual, CVS Caremark, Cummins, Indiana University, Butler University,
Notable Accomplishments / Recognition
Castlight was 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. Also, Castlight Health was named "One of the world’s most innovative companies of 2012" by one of the most prominent business media sources, Fast Company.
We have built deep relationships with the top U.S. health plans and the company and has had unprecedented reception from employers, and has recently raised an additional $100 million in Series-D financing that brings Castlight Health’s total funding to $181 million.
Benefits
Office located in the heart of downtown San Francisco; steps away from Union Square
Employee insurance premiums are paid 100% by Castlight Health
Unlimited paid time off
401k
Team lunches
Fully stocked kitchens
Monthly company sponsored social events