SOURCE: Castlight Health

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October 14, 2015 08:30 ET

Castlight Health Enterprise Healthcare Cloud Selected by American Electric Power

SAN FRANCISCO, CA--(Marketwired - October 14, 2015) - Castlight Health, Inc. (NYSE: CSLT) today announced that American Electric Power (AEP) has selected the Castlight Enterprise Healthcare Cloud (EHC) to help its employees become healthcare consumers as they move to all consumer driven health plans (CDHP) in 2016. With Castlight, employees can better understand and manage their healthcare choices, lower their costs and improve their health outcomes. Human resources (HR) professionals benefit from powerful organizational insights to optimize their benefits utilization, increase benefits satisfaction, and drive reduced healthcare spend.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to nearly 5.4 million customers across 11 states. Due to upcoming benefits changes, such as moving to consumer directed health plans (CDHPs), as well as to a single carrier, AEP will leverage Castlight's technology and services to support employees through these changes.

The Castlight Enterprise Healthcare Cloud will:

  • Support employees' ability to become wiser healthcare consumers.
  • Enable employees to shop for healthcare services and prescription medications.
  • Educate and empower employees through Castlight Academy's healthcare curriculum, tailored for AEP.
  • Target cost reduction on healthcare spend for both AEP and its employees.

"At Castlight Health, we deeply believe in empowering people to become healthcare consumers. American Electric Power is an organization that supports this mission, and we are thrilled to help their employees access the best quality care available, while simultaneously driving down healthcare costs," said Giovanni Colella, M.D., co-founder and CEO of Castlight Health.

Today, over 180 companies spanning 25 industries that have selected Castlight's Enterprise Healthcare Cloud to leverage existing investments in employee health and wellness, lower costs, improve outcomes and increase benefits satisfaction. Castlight customers include 10% of Fortune 500 companies, encompassing those in retail, technology, manufacturing, and transportation, as well as government entities.

About American Electric Power

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to nearly 5.4 million customers in 11 states. AEP ranks among the nation's largest generators of electricity, owning nearly 32,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.

About Castlight Health
Castlight Health, Inc. (NYSE: CSLT) is a leader in Enterprise Healthcare Management. We believe great healthcare builds great business, and U.S. enterprises can gain control over the $620 billion spent annually on healthcare, transforming a crippling cost into a strategic business advantage. Recognized as a top 2014 software platform by the HR Technology Conference & Exposition, the Castlight Enterprise Healthcare Cloud enables employers to understand and manage all their healthcare investments while helping employees make the best possible healthcare decisions. Castlight is a great place to work, honored with a Glassdoor Employees' Choice award and recognized by Rock Health for Diversity in Leadership. For more information visit www.castlighthealth.com. Follow us on Twitter and LinkedIn and Like us on Facebook. Source: Castlight Health.

Copyright 2015 Castlight Health, Inc. Castlight Health® is the registered trademark of Castlight Health Inc. Other company and product names may be trademarks of the respective companies with which they are associated.

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