Strategic Planning - Newfront
Newfront has officially joined WTW, combining a technology-native approach with global expertise to better serve our clients. Read more
Strategic Planning
Newfront’s dedicated professionals partner with you to develop multi-year reliable, scalable, strategic services and solutions that attract and reward employees, all at the right cost.
Our Solutions
Benchmarking
Newfront’s cutting-edge benchmarking tool equips total rewards teams with unparalleled, real-time data insights, enabling you to craft employee benefits programs that attract and retain top talent.
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Data Analytics & Actuarial Services
Our experts leverage medical and pharmacy claims data to help clients make informed decisions—using this same data to predict current and future costs including incurred but not reported (IBNR) claims and experience reports.
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DEI Assessments
Newfront will guide you in aligning your DEI initiatives with your benefits strategy. We can also audit your programs to ensure they convey a consistent message and provide coverage that reflects your organization's values.
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Disease Management & Risk Mitigation
From cancer to diabetes, Newfront helps you improve employee health outcomes while driving financial return, boosting engagement and providing measurable tracking to develop impactful returns.
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Funding Approach
Different funding strategies (e.g., fully insured, level funded, captive, self-funded) can be evaluated for cost containment. Newfront’s consultants provide insight on these options, including considerations that accompany each funding type.
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Pharmacy Solutions
Customize your pharmacy benefits through strategic contract management and analytics-driven recommendations to enhance member and company savings, member experience, and overall plan performance.
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Renewal Negotiations & Proprietary Programs
We have established partnerships with well-known carriers to create block strategies that offer unique pricing advantages exclusive to Newfront.
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Benchmarking
Powered by supercharged benchmarking, Newfront’s expert advisors are best equipped to guide you in providing competitive benefits that match your employees’ needs.
- Real-time, customized benchmarking reports, including claims, based on company size and industry
- Deep insights from clients and national databases
- Our cutting-edge Point Solutions Benchmarking include details on Family Forming, Time Off, Emotional Wellbeing, and more
Data Analytics & Actuarial Services
By evaluating your medical claims history alongside current offerings, we provide strategic recommendations to enhance your benefits program and support employees' wellness. Our actuarial experts leverage robust data to forecast future costs and risks, helping you anticipate budget impacts. Together, these insights empower you to optimize your program with confidence.
- Tailored assessments and insights including claim analysis, experience and IBNR reporting, self-funding feasibility studies, and more
- Comparison of your plans’ performance to address risk mitigation, efficiency, and cost savings across your programs
- Detailed overview of how any plan design changes will impact cost
DEI Assessments
Newfront partners with you to ensure your benefits are inclusive, supportive, and reflective of your company culture and objectives. We can advise on a range of topics, including family-forming benefits, travel for out-of-state care, gender-affirming care, and emotional wellbeing.
Disease Management & Risk Mitigation
Million-dollar claims rose 8% nationally on a claims-per-million-covered-employees basis over the past year.* Newfront can help you mitigate these costs through consulting on:
- Preventive care
- Early detection programs
- Second opinion services
- Centers of excellence
- And more
Funding Approach
Newfront brings deep experience in guiding organizations of all sizes toward funding strategies that align with both their financial goals and risk tolerance.
- Whether you're exploring the long-term savings potential of self-funding, evaluating the benefits of a captive structure, or reassessing your protection against high-cost claims, we offer strategic solutions designed around your unique needs
- Our approach emphasizes innovative cost-containment strategies like refining pharmacy contracts and international sourcing, while helping you manage volatility through tailored risk protection, including stop loss program design and renewal optimization
- Self-funding isn’t just for large employers—see how Newfront saved a 500-employee company 25% annually through self-funding
Pharmacy Solutions
Pharmacy is one of the biggest contributors to healthcare costs year over year. Newfront’s pharmacy specialists help you unlock greater value through data-driven recommendations that improve outcomes and reduce spend.
- Agile Strategies: Whether you’re managing a carve-in or carve-out program, we deliver flexible solutions that empower you to adapt quickly and drive results
- Clarity through Data: Our analytics enable you to assess performance and opportunities with precision
- Comprehensive Guidance: From initial design to ongoing reviews and refinements, Newfront provides the support you need to ensure your pharmacy approach evolves alongside your business
- Expert Insight: For more ideas on controlling rising pharmacy costs—including how to manage high-impact therapies like GLP-1s—check out Newfront’s Trends in Employee Benefits blog post
Renewal Negotiations & Proprietary Programs
Newfront facilitates deeper and more meaningful conversations with carrier and vendor underwriters to generate favorable client renewals. This is largely done by our independent underwriting process, in which we leverage data to gain the most favorable results for clients.
*Data from Sun Life 2024