Contact: Mark Whitcher, 401 490-9351
For Immediate Release
Health Benefits Firm Chooses Newport for National Headquarters
NEWPORT, R.I. – July 10, 2012 – Retiree Benefit Solutions©, a health benefits advisory firm, has relocated from South Kingstown, R.I., to Newport and, along with the move, has changed its name to KTP Advisors™.
According to company officials, the move to larger headquarters in Newport is aimed at accommodating its increased hiring over the past 18 months and having an attractive venue to host its corporate, municipal and institutional clients. “Newport is a nationally-recognized destination for not only tourists, but for our clients and business partners as well. It also has all of the amenities for hosting meetings and conferences with them,” explained the firm’s CEO and President, Mark Whitcher.
The name change was necessitated by the firm’s expansion into advisory, auditing, risk management and clinical services of pharmacy benefit plans for its clients’ current employees, Whitcher explained. “For the past decade, we’ve helped our clients consistently provide retiree health benefits at a cost of almost 10 percent below national averages without reducing the benefits or passing the costs onto the retirees. In the past two years we’ve seen hyper growth in our pharmacy benefits practice area. We see a huge opportunity in this area because pharmacy benefits are getting more complex and more expensive. We’re confident that because of our distinctive clinically-focused and data-driven approach, we can achieve substantial savings for our clients.”
The name change, said Whitcher, also reflects the firm’s long-standing basic operating principal underpinning KTP’s advisory services—“Keeping the promise,” that it makes to clients enables them to deliver promised health care and pharmacy benefits to their retirees and employees.
KTP Advisors™ is a specialty advisory firm in the areas of retiree health benefits and pharmacy benefits for active employees. Its clients include corporations, municipalities, Taft-Hartley funds, universities and other large institutions. www.ktpadvisors.com