Market Overview

Castlight Health to Help Indiana University Reduce Costs and Improve Quality of Care for its 17,000 Employees

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SAN FRANCISCO--(BUSINESS WIRE)--

Castlight Health, the leading provider of health care transparency solutions for employers, today announced that Indiana University has selected Castlight's health care management suite. Working with Castlight, Indiana University expects to reduce health care costs and improve the quality of care for 17,000 of its employees and their dependents. In addition, Indiana University views this relationship as an important element of its efforts to educate others about navigating the complex world of health care delivery.

“At Indiana University, we are committed to empowering our employees with access to solutions that ensure they receive the best and most cost-effective health care,” said Dan Rives, associate vice president at Indiana University. “We also want to help educate the community at large about the dynamics of health care, so people can make more informed decisions about their care. By partnering with Castlight we hope to serve as a model for other universities and organizations on the long-term value of transparency in health care.”

Indiana University selected Castlight Health for its easy-to-navigate technology, the precision of its cost and quality data, and the ability to customize Castlight for the university's benefits programs.

“We see a tremendous opportunity for transparency to transform health care, but in order to turn this promise into reality it will take participation from the entire ecosystem, including the providers, PBMs, employers and technology providers,” said John Driscoll, president, Castlight Health. “Indiana University is committed to educating the market on the evolving health care landscape and the role transparency will play. Giving its staff control of their health care will create a more efficient model, while also showing employers everywhere what is possible when you give health care consumers better insight.”

About Castlight Health

Castlight Health enables employers, their employees, and health plans to take control of health care costs and improve care. 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 helps the country's self-insured employers and health plans empower consumers to shop for health care. Castlight Health is headquartered in San Francisco and backed by prominent investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome Trust and two unnamed mutual funds. For more information, please visit our web site at http://www.castlighthealth.com or call (415) 829-1400.

Blanc & Otus for Castlight Health
Joan Levy, 415-856-5110
jlevy@blancandotus.com

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