Castlight Health Strengths, Domain Expertise, and Key Differentiators
Castlight specializes in cloud applications that enable enterprises to gain control over their rapidly escalating health care costs. Its Enterprise Healthcare Cloud allows its customers to conquer the complexity of the existing health care system by providing personalized, actionable information to their employees, implementing technology-enabled benefit designs and integrating disparate systems and applications.
Its operating system and databases are open-source including the Linux operating system, MySQL and MongoDB databases and Apache Tomcat for the application servers.
Castlight also uses Greenplum for its analytics database.
Castlight Health Recent Developments
In January 2017, Castlight Health acquired Jiff, Inc. The combined entity will offer the most comprehensive health benefits platform in the industry, helping employers, as well as millions of employees and their families, manage their health benefits dollars more effectively.
Together, the combined company will serve more than 250 customers, including over 70 of the Fortune 500.
Castlight Health Mergers and acquisitions (M&A) Activities
Castlight Health Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Castlight Health applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Castlight Health and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Castlight Medical, Enterprise Healthcare Cloud, Jiff, customers.
Castlight Health Overview
Ownership: - CSLT:NYSE
Number of Employees: 470
Functional Market: Benefits Administration,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
Castlight Health Key Cloud and HCM Applications
Castlight Medical, Enterprise Healthcare Cloud, Jiff,
Castlight Health HCM and Cloud HCM Applications Revenues, $M:
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|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Castlight Health Revenue Breakdown by Type:
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Castlight Health HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2018 HCM Revenues, By Sub-Functional Markets, $M
Castlight Health HCM Applications Revenues By Verticals, $M:
Castlight Health Total and HCM Applications Revenues by Region:
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Castlight Health Direct vs Indirect sales
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Castlight Health Customers - Breakdown by Geo, Size, Vertical and Product
No. of Castlight Health Customers: x
No. of Castlight Health HCM Applications Customers: x
No. of Castlight Health Cloud HCM Customers: x
No. of Castlight Health Cloud HCM Subscribers: 10000
Castlight Health has more than 250 customers around the world. Its customers are Wal-Mart, it's the biggest client that represents 14% of its revenues in 2015.
Recent customer wins include Aggreko, Pomeroy, American Electric Power (AEP), General Cable, State of Mississippi Department of Finance and Administration, Carlson, Cummins, Eaton Corporation, Indiana University, Indiana University Health, Indiana State Personnel Department, Liberty Mutual Group, Microsoft Corporation, Mondelez International, Purdue University, Safeway, and Honeywell.
Castlight Health Market Opportunities, M&A and Geo Expansions
In November 2018, Castlight Health completed multiple successful launches of Castlight Complete, which combines the company’s wellbeing and care guidance capabilities in a single application. These launches included large employers comprising more than 300,000 eligible lives in complex benefits environments, with a diverse array of programs and point solutions.
In December 2017, Digital medicine company Big Health partnered with Castlight Health. Now through Castlight’s suite of digital health and wellness solutions, employers will be able to seamlessly deliver improved sleep and mental health to their employees with Big Health’s digital sleep improvement program Sleepio.
In May 2016, Castlight signed a strategic, multi-pronged business alliance with SAP to deliver integrated healthcare technologies aimed at helping lower healthcare costs, improve outcomes and increase benefits satisfaction.
It plans to integrate with the SAP Connected Health platform and enter into a distribution relationship with SAP SuccessFactors HCM Suite.
Castlight Health Risks and Challenges
The consolidation wave that is sweeping across the carrier space could make it easier for Castlight to differentiate itself as a technology advocate to drive down costs of healthcare benefits. On the other hand, the combination of carriers like Anthem, Humana and Cigna and their healthcare benefits technology divisions could make it harder for Castlight to compete in the long run.
Castlight Health has scored a successful IPO and its lofty valuation translates into sky-high expectations for a young vendor competing in crowded healthcare IT marketplace dotted with aggressive upstarts that aim to dethrone Castlight as much as the Cerner of the world.
Castlight Health Ecosystem, Partners, Resellers and SI
Castlight Health sells its applications and services through its direct sales organization. Castlight has also increased its focus on indirect sales through a variety of channels.
It maintains relationships with key industry participants including benefit consultants, brokers, group purchasing organizations and health plan partners.
In March 2018, Digital health clinic Maven, partnered with Castlight Health, which will enable Castlight customers to easily integrate Maven into their benefits platform.
Castlight’s unique partner ecosystem provides a two-way integration for unified and seamless user experience to Maven’s complete family benefits platform. Together, Maven Clinic and Castlight are helping employees navigate the complexities of healthcare, and employers to save on costs and retain talent as families’ transition into the exciting and often challenging world of parenthood.
Castlight Health Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Castlight Health Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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