Castlight Health, a company seeking to increase transparency in the price and quality of healthcare through its cloud-based price transparency tools, went public on March 14th. Investors immediately poured in, sending Castlight Health’s stock up from an IPO price of $16 a share to almost $40, which values the company at more than $3 billion. Castlight is dedicated to pulling back the curtain on mysterious and perplexing health care pricing, where the price of a simple cholesterol test, for example, can vary greatly from one provider to the next. Read more below about Castlight Health’s rise and CEO Giovannni Colella’s focus on “building an iconic company.”
Read more below and tell us the impact that you think Castlight Health’s work will have on health care pricing and transparency.