Prior to founding health benefits platform Jiff (which was acquired by Castlight in 2017), Newell worked for years in the remote care monitoring and chronic disease management space.
Derek Newell shared some insights on the consolidation trend among digital health platforms and his new role as president of Castlight Health.
3D medical animation services have emerged as a groundbreaking tool in the healthcare industry, revolutionizing the way medical concepts are taught, understood, and marketed.
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.
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.
The Series C round totaled $41.2 million and included Rosemark Smart Capital, GE Ventures, Venrock Associates, Aberdare Ventures and Aeris Capital.
Jiff is preparing to launch its enterprise benefits program Jiff Navigator.
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.