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 […]
Castlight Health has had a very successful initial public offering today and so a lot of people will be hearing about the company for the first time. If you want a little bit of perspective on how the company has evolved, you might want to read interviews I conducted from 2010 to 2013 with the […]
Explore the top mobile IV therapy companies boosting immune health on demand, with standout services, expert care and innovative delivery across the U.S.
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 […]
In the run-up to its public offering anticipated this Friday, Castlight Health raised its share price to the $13 to $15 range. The amended registration means it will seek to raise up to $191.5 million with the IPO, which includes fees for underwriters. The increase reflects a boost in confidence for the digital health company, […]
It’s been more than one year since Merck (NYSE: MRK) launched a digital health arm to develop big data insights in healthcare to guide therapies and develop patient-centered outcomes. CMIO and innovation officer Sachin Jain offered up a progress report detailing some of the collaborations it has forged. It’s working with electronic medical record providers, […]
Just as CVS Caremark is poised to expand its MinuteClinic system, it’s inked a deal with Epic Systems to provide ambulatory electronic health record support for the clinics. The EHR/EMR giant will replace the homegrown EHR system CVS developed, according to a report by Modern Healthcare. It reflects a growing maturity of the MinuteClinic concept […]
There are a number of criteria for selecting the best autism therapy centers. Parents choosing a facility or professionals seeking to improve their offerings should consider certain standards to ensure the right fit.
The HIMSS conference halls in Orlando were buzzing with the words population health analytics, something that makes OptumInsight CEO Bill Miller smile. It’s not just because the UnitedHealth Group (NYSE: UNH) company was debuting its own population health analytics tool at the show — Optum One. It’s because he and others in the industry have […]
Take a look at the most read stories on MedCity News in February. You may have missed news on startups, medical stocks and new medical devices.
Aetna (NYSE: AET) CEO Mark Bertolini renewed his call to make treating the 5 percent of people with chronic conditions and account for a disproportionate portion of healthcare costs a higher priority in order to reduce healthcare costs long-term. He said the payer is partnering with Medtronic (NYSE: MDT) at the HIMSS14 conference. He revealed […]
A few weeks after MedCity News reported that UnitedHealth Group (NYSE: UNH) was in acquisition talks with Audax Health Solutions, its health IT services arm Optum has acquired a majority stake in the digital health startup, according to a company statement. The deal will preserve Audax Health as a freestanding subsidiary, leaving its 24-year old CEO […]
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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, […]
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 […]
Update: Well, it’s not $2 billion, but the $100 million initial public offering Castlight Health has filed should give a sense of how digital health startups and their services for employer health plans are valued. Castlight has focused on bringing more transparency to healthcare costs for employer health plans so employees can make more informed […]
Update: Despite the U.S. Supreme Court ruling last year year, BRCA gene testing has continued to be an issue in the courts. But a patent infringement case between Myriad Genetics (Nasdaq: MYGN) and GenebyGene has been resolved and offers some guidance on the potential outcome of other cases in which Myriad is embroiled. The terms […]
Feb 5 (Reuters) - U.S. health insurer Humana Inc on Wednesday reported a fourth-quarter loss as it took a 99-cent-per-share charge to set aside financial reserves for a group of long-term care insurance policies that it no longer sells. Besides health ...