With hundreds of digital vendors to chose from, figuring out the best way to provide quality care and wellness platforms to employees can be a difficult task for employers. Some companies are looking towards the most cutting edge apps, while others are seeking more traditional routes like implementing a telemedicine program. But as more companies dip their toes into the digital waters employers...
Employee wellness is not a new idea, but new ideas from digital health companies like Castlight Health and Fitbit, as well as incumbents like UnitedHealthcare, are reimagining and reinvigorating the space.
At a panel at the Personal Connected Health Alliance’s Innovation Leaders Summit at HIMSS18 (moderated by yours truly), Castlight Health President Derek Newell, Fitbit Health Solutions Chief...
Castlight Health’s $135 million acquisition of Jiff in January was not just a merger. It was a strategy shift, even an identity change for the company— from a healthcare cost transparency vendor to a comprehensive employee wellness company. On the company’s second quarter earnings call, CEO John Doyle updated investors on that transition.
“In our view, the new Castlight is the only health...
Last year was an important one for San Francisco-based Castlight Health, as it was the first full year of availability for their health benefits platform, and that led to a strong finish in the final quarter of 2016 in the form of $101.7 million in total revenue and $95 million in subscription revenue, which each represent a 35 percent increase year over year.
On a call with investors, Castlight...
San Francisco-based Castlight Health, which offers consumers a personalized health shopping platform, has announced the strategic acquisition of Mountain View, California-based digital health benefits platform Jiff. Castlight will pay about $135 million in the form of 27 million Castlight shares and options issued to Jiff equity holders. The two companies are both relatively early entrants into...
Mountain View, California-based digital health benefits platform Jiff added another $17.7 million to the $23.5 million it announced last year. Jiff has now raised a total of about $68 million from investors that include Rosemark Capital, GE Ventures, Aeris Capital, and Aberdare Ventures.
“Jiff is tackling a massive problem: bringing together all the innovations in digital health an employer may...
Global human resources company Mercer has launched an employee wellness platform, called Health Pathfinder by Mercer, which is powered by Jiff.
“While there has been an explosion of health and well-being solutions in the past five years, employers are left wondering how to manage it all,” Mercer Total Health Management Solutions Leader Cheryl Mealey said in a statement. “By teaming up with Jiff,...
Employee wellness curation platform Jiff raised $23.3 million in a round led by Rosemark Capital with participation from GE Ventures. Jiff has raised at least $49.1 million to date.
Existing Jiff investors include Aberdare Ventures and Aeris Capital. The company raised its most recent round in September 2014.
As part of the announcement, Jiff also released a new employee wellness tool, called...
Employee wellness curation platform Jiff raised $18 million in a round led by Venrock with participation from existing investors Aberdare Ventures and Aeris Capital. Jiff has raised $25.8 million to date.
Jiff originally launched with a provider-to-patient education platform, called JiffPad, the company pivoted in June 2013 and now offers a service called The Health Outcomes Marketplace. The...
Weilos
The digital health market is growing. Funding for digital health companies reached nearly $700 million in the first quarter of 2014, and grew 87 percent compared to the first quarter of 2013, according to a report from Rock Health. Along the way, digital health startups have reorganized, rebranded, and shifted focus to meet the needs of their customers or to meet the needs of a new...
