Health benefits navigation SaaS company: Castlight Health (CSLT)

Castlight Health, Inc. (NYSE: CSLT) was founded in 2008, formerly known as Ventana Health Services, and changed to its current name in April 2010. It is headquartered in San Francisco, California, and has 527 full-time employees. It is a company that provides The company is a software-as-a-service platform for employee health and welfare navigation.

Castlight Health

Castlight Health (CSLT):

Castlight Health is a San Francisco-based health technology company that works with dozens of large employers to help workers achieve health benefits through its online tools.

The Castlight platform is licensed through a B2B-based subscription model. Only employees of companies that have purchased subscriptions can access the Castlight platform, but Anthem Blue Cross will provide business members with access to Castlight’s core transparency tools.

Castlight Health’s platform matches employees with the resources provided to them by employers; manages conditions; and assists them in managing benefits. The company also provides communications and testing, implementation and customer customer support services.

Castlight Health provides services to customers in many industries, including education, manufacturing, retail, technology, and government.

In 2012, Castlight Health received US$100 million in investment funds. In 2014, the company conducted an initial public offering with a valuation of US$2 billion, which caused criticism of the economic bubble. The price of the stock has steadily fallen since the IPO, and has fallen by more than 90% of its value.

Castlight Health has collaborated with the outside world to publish numerous research papers on health and healthcare issues, including:

  • “Association between availability of health service prices and payments for these services”: This study shows that patients who use transparency applications to study health care prices Less payment for services.
  • “Computerized Physician Order Entry (CPOE) Systems and Medication Errors”: This report examines the use of CPOE systems for prescription drugs to enter drug orders into computer systems and electronically transfer them Delivery to the pharmacy. Studies have shown that the CPOE system can greatly reduce medication errors, which are the most common errors in hospitals.
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