Castlight Signals Better Health Care Costs and Outcomes for Analog Devices

  Castlight Signals Better Health Care Costs and Outcomes for Analog Devices

Health Care Transparency from Castlight Health Enhances Benefits Offerings for
                              Technology Leader

Business Wire

SAN FRANCISCO -- June 10, 2013

Analog Devices, an electronics industry leader, has selected Castlight Health
to empower its employees to take greater control over their health care costs
and outcomes. The Massachusetts-headquartered company will roll out the
Castlight health care management suite to its employees and their adult
dependents in summer 2013.

To maintain its steady pace of innovation and serve its 60,000 customers
worldwide, Analog Devices strives to maintain a highly engaged and dynamic
workforce. With a consumer-directed health plan a core offering in its
benefits package, Analog Devices sought a program that would provide employees
and their families an easy way to find convenient, high quality health care at
the lowest cost. It found that solution in Castlight’s health care
transparency offering.

“With a significant population of engineers, we have a very analytical
employee base that loves data. Yet the true cost of health care and
corresponding quality measures were the one set of numbers our employees
didn’t have access to,” said Kathy Reinhardt, Global Benefits Director, Analog
Devices. “With Castlight, we will be able to empower all our employees and
their families with the information they need to take control over their care,
while improving outcomes and reducing costs. This is a win-win for our
employees and our company.”

After a competitive review, Analog Devices chose Castlight Health for its
innovation, proven engagement model, strong customer base and comprehensive
offerings.

Analog Devices will also use Castlight Mobile in conjunction with the health
care management suite, with future plans to deploy Castlight Pharmacy. With
the combined offerings, Analog Devices employees will have the ability to shop
for high-quality, high-value health care and lower-priced prescription
medication, regardless of their location.

“Analog Devices is committed to providing competitive benefits and wellness
programs that help maintain a healthy workforce,” said Dena Bravata, chief
medical officer and head of products, Castlight Health. “They quickly realized
that the improved access to critical health care and prescription information
Castlight provides will result in improved health, lower costs, and greater
satisfaction for employees and their families.”

About Castlight Health

Castlight Health enables employers, their employees, and health plans to take
control of healthcare 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
andbacked 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.

Contact:

Blanc & Otus for Castlight Health
Drew Smith, 415-856-5127
dsmith@blancandotus.com
 
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