For healthcare CEOs in early 2017, it’s hasta la vista, baby
At least four healthcare executives have either resigned, been fired or taken on a lesser role since the first of the year — and the head of NIH may be out soon, too.
In first major digital health deal of the year, Castlight Health acquires Jiff
The deal marks the first major digital health deal of the year. Castlight COO John Doyle will be CEO of the combined company and Jiff’s current CEO, Derek Newell, will be the president. Giovanni Colella, who has been the CEO of Castlight, will serve as executive chairman of Castlight's board.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Leapfrog: CPOE is improving, but still misses fatal med errors
Based on the 2015 hospital survey, CPOE systems failed to send alerts for 39 percent of potentially harmful drug orders and 13 percent of potentially fatal orders.
Castlight Health makes $3.1M strategic investment in Lyra Health
The partnership with Castlight Health will give Lyra Health access to large employers.
People moves: DreamIt Ventures CEO Kerry Rupp to step down and focus on fund
As CEO Kerry Rupp has presided over the expansion of technology accelerator DreamIT Ventures from moving into areas like Austin, Baltimore and Israel to expanding into new areas such as healthcare and minority-led businesses. But Rupp has stepped down, according to a report from Technically Philly. In an email she told Technically Philly: “I miss […]
Castlight, Doctor on Demand team up to combine price transparency and telemedicine
Castlight Health has teamed up with San Francisco-based startup Doctor on Demand, in a partnership that blends two of healthcare’s biggest trends – pricing transparency and telemedicine. Castlight will now offer Doctor on Demand‘s video visits with board-certified physicians through its healthcare cloud, giving Doctor on Demand access to more than 130 companies that have […]
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A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
JAMA study: Castlight price transparency tool reduced healthcare costs for employers
Consumers and patients who used Castlight Health’s online pricing platform saw a significant decrease in certain aspects of their healthcare spending, including a 14 percent drop in costs for laboratory tests and 13 percent for imaging, according to a study by the Journal of the American Medical Association. The study focused on the use of […]
Castlight Health boosts Fortune 500 customer base with Google, Kellogg
Castlight Health’s second-quarter earnings report should do a good bit to allay concerns that much of its sales revenue comes from Walmart. A little more than four months since its IPO, it has deepened its Fortune 500 customer base with the likes of Texas Instruments, Kellogg, Google and Sprint Corp. It’s also expanding price transparency […]
Castlight Health expands digital health toolbox so employees understand healthcare costs, options
It was always going to be hard for Castlight Health to sustain the $41-per-share price that marked its public debut in April. Since then, its share price has slipped back into the high teens. But it has overhauled the structure of its platform and added solutions to supplement its price transparency tools to help employers […]
4 takeaways from Castlight Health’s IPO
Whatever skepticism might have greeted health IT company Castlight Health’s (NYSE: CSLT) S-1 filing for its IPO last month is being replaced by a kind of bewilderment. Although the digital health startup had been rumored to be valued at $2 billion, it managed to outdo that with a $3.4 billion valuation — 265 times its […]
Maximize Revenue and Patient Care with Strategic Weight Loss Management
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Castlight Health IPO draws increased attention to healthcare price transparency
Castlight Health’s (NYSE: CSLT) high profile debut has generated a lot of attention on the issue of how to make consumers better shoppers for healthcare services by increasing cost management and healthcare price transparency tools. The shift by the government and employers away from inflationary spending for healthcare every year has spurred the demand for […]
Castlight Health IPO pops as market supports tools to cut healthcare costs
With the highly anticipated public offering for Castlight Health (NYSE: CSLT) only a couple of hours old, observers are likely to have drawn a couple of conclusions. There’s no question it’s a validation of digital health companies, specifically the interest in making consumers more aware of value-based care options and increased price transparency to cut […]
Castlight Health IPO could raise up to $122M
As investors wait and see which way the digital health barometer will go with Castlight Health’s initial public offering, the medical price transparency company filed an amended filing with the Securities and Exchange Commission for its IPO registration. It now calls for the sale of 11,100,000 priced from $9 to $11 per share. The inclusion […]
Castlight analysis: IPO filing raises questions about the company’s sales model and LTV
Malay Gandhi’s take on Castlight Health’s IPO registration raises some interesting points about the value of price transparency and particularly, the agreements companies have to forge to obtain it. In a blog post on Rock Health, Gandhi makes clear just how overvalued the $2 billion figure is. With projected revenues in 2014 of $40 million, […]
Castlight’s valuation reflects on the company, not the business opportunity
This is disappointing news that is more a reflection of poor strategy/execution than the opportunity in the transparency/healthcare digital IT space. Castlight spent tremendous amounts on establishing a brand and growing FTEs and hiring consultants. It seems to dominate various trade association events to the point the associations appear to be Castlight captives. That’s expensive […]