Investor Relations

We deliver the industry’s leading navigation experience using data, technology, and a team of clinical experts

  • Unmatched data and personalization

    We’ve spent over a decade aggregating data, building integrations, and honing machine learning algorithms to power a deeply personalized navigation experience that maximizes engagement and improves health outcomes.

  • Digital front door for member engagement

    We centralize health and wellbeing benefits in one place, giving our members an intuitive and engaging digital experience, accessible 365 days a year.

  • Clinician-led team of experts

    We provide high-touch advocacy that complements our members' digital experience so they can navigate health and wellbeing on their terms—digital when they want it, human when they need it.

Castlight’s Navigation Solution: Helping Employers Reduce Healthcare Costs

Large employers in the US continue to see healthcare costs rise at a rate of 6% annually. In fact, some studies anticipate medical cost trends could be as high as 10% in 2021 due to the impact of deferred care during the pandemic in 2020. Many solution providers are trying to address this challenge, but few are successful.

Castlight is excited to bring the latest results of a third-party validated study by Santa Barbara Actuaries (SBA) to show the impact we’re making on reducing healthcare costs for some of America’s largest employers.

When employers implement Castlight’s navigation solution, both the employer and the employee experience significant financial savings.

The purpose of the report was to review the impact that Castlight has on healthcare costs for their employer customers. SBA validated that employers who implemented Castlight’s Navigation solution saw significant savings in healthcare costs. Specifically, employers saw:

  • 9.1% year-over-year reduction in medical spend trend among members who use Castlight compared to a matched control group
  • $339 per-member-per-year (PMPY) lower average 2019 medical spend across members who used Castlight compared to their matched cohort
  • $814 per-employee-per-year (PEPY) lower average 2019 medical spend across members who used Castlight compared to their matched cohort
  • Overall estimated savings of 5.5% across Castlight users with respect to their 2019 matched control cost and compared to non-Castlight users

These savings were observed across all adult age brackets and all risk tiers.

Download the study here: https://content.castlighthealth.com/SavingsAnalysis2021.html

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