Newton Consulting Adds Actuarial Services to Meet Health Care Reform Marketplace Demands
Newton Consulting, LLC, a leading provider of human resource management and information technology consulting services, announces the addition of actuarial services in its benefits consulting practice. “With the passage of health care reform last year and increasing reporting requirements, we believe the demand for health and welfare actuarial services will continue to grow,” said Carol Hadlock, director of the company’s benefits consulting practice.
“With the passage of health care reform last year and increasing reporting requirements, we believe the demand for health and welfare actuarial services will continue to grow,” said Carol Hadlock, director of the company’s benefits consulting practice.
Actuarial services provide companies cost projections for employee health plans through detailed assessment of statistics that help the company make informed choices of the broad and confusing array of health plans in the marketplace.
“We are finding that many mid-sized companies are not aware of the savings they may achieve by self-funding their health plan,” said Hadlock. “Actuarial services can help determine if self funding is a cost-savings option for them, as well as provide critical information for companies who currently self fund to make the best decisions for their business.”
In addition to actuarial services, Newton Consulting offers a full range of benefits consulting services including benefits plan design, analysis and implementation; acquisition support; legislative compliance in the areas of health care reform, ERISA, HIPAA and COBRA; summary plan descriptions; broker services; wellness programs assistance; and benefits communications. Additionally, clients are kept apprised of changes in legislation and the marketplace through informational bulletins that explain complex matters.
To meet growing market needs, Newton Consulting hired Debi Owens as a senior benefits consultant. Owens, who previously worked at Henderson Brothers, Inc. and Cowden Associates, Inc., brings more than 15 years of experience in benefits consulting in a wide range of industries with a focus on health care cost reductions and employee engagement.
Because of Newton Consulting’s unique business model that attracts and retains highly-experienced consulting resources while maintaining low overhead, the company is well suited to serve small- and mid-sized companies by providing exceptional services at lower costs than large firms, meeting the needs in this underserved market.
About Newton Consulting
Newton Consulting, LLC, is a leading provider of information technology and human resource management consulting services, providing customer-focused, values-driven solutions to clients as they move from vision to reality. With its industry changing business model, Newton Consulting attracts and retains the best and brightest in the consulting field to provide services in IT Strategy, Project Management, Systems Integration and Application Support and Development, as well as Health and Welfare Benefits Consulting and Recruiting Solutions. Founded in 2003 and headquartered in Claysville, Pa., Newton Consulting provides an outstanding value proposition to a growing customer base in North America and Europe, and has been selected to the Inc. 5000, Pittsburgh 100, Best Places to Work in Western Pennsylvania, and as Best Service Provider by the Pittsburgh Technology Council. Visit www.newtonconsulting.com for more information.