New Frontier Group: Company Profile

Background

Overview

New Frontier Group is a global, independent, woman-owned business enterprise established in 2002. The company specializes in international healthcare management services, offering a suite of customized solutions that include cost management, claims administration, assistance services, pharmacy solutions, and telehealth. With a focus on organizations whose members travel or reside outside their home countries, New Frontier Group aims to connect members to appropriate care at optimal prices. The company is headquartered in Foothill Ranch, California, with additional offices in Fort Lauderdale, Florida, and London, UK.

Mission and Vision

Mission: To provide future-thinking solutions that meet the evolving needs of the global healthcare market.

Vision: To deliver worldwide solutions that maximize savings, ensure payment accuracy, and achieve the best possible patient outcomes.

Industry Significance

New Frontier Group is recognized for its innovative approach to healthcare management, leveraging technology to drive efficiencies and improve patient care. The company has been a finalist and winner of the ITIJ Best International Cost Containment and Claims Management Provider Award multiple times, underscoring its leadership in the sector.

Key Strategic Focus

Core Objectives

Enhance global healthcare management through innovative solutions.

Expand international presence to serve a diverse client base.

Leverage technology to improve service delivery and operational efficiency.

Areas of Specialization

Cost management

Claims administration

Assistance services

Pharmacy solutions

Telehealth

Key Technologies Utilized

Onyx™ Operating System: A proprietary platform designed to identify network performance-based achievements exceeding 50%.

Global telecare solutions

Network auto-adjudication platforms

Enhanced savings solutions

Primary Markets Targeted

Organizations with members traveling or residing outside their home countries

International assistance and insurance clients

Financials and Funding

Funding History

Specific details regarding New Frontier Group's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Utilization of Capital

The company has invested in innovative technology launches to drive global growth post-pandemic, including global telecare, network auto-adjudication platforms, enhanced savings solutions, and improvements in security and platform functionality.

Pipeline Development

Key Pipeline Candidates

New Frontier Group focuses on developing and enhancing its suite of healthcare management services, including cost management, claims administration, assistance services, pharmacy solutions, and telehealth. The company continually refines these offerings to meet the evolving needs of its international clientele.

Stages of Development

The company is in the implementation and scaling stages for its technological platforms, aiming to integrate these solutions across its global operations.

Target Conditions

New Frontier Group addresses a wide range of healthcare needs for organizations with international members, focusing on cost containment, claims management, and access to quality care.

Anticipated Milestones

The company anticipates achieving significant milestones in expanding its technological capabilities and international presence, with a focus on enhancing service delivery and operational efficiency.

Technological Platform and Innovation

Proprietary Technologies

Onyx™ Operating System: A proprietary platform designed to identify network performance-based achievements exceeding 50%.

Significant Scientific Methods

Data-driven cost containment strategies

Claims management optimization

Telehealth integration

AI-Driven Capabilities

Network auto-adjudication platforms

Enhanced savings solutions

Leadership Team

Key Executives

Antony Leung: Co-founder and Group Chairman. Former Financial Secretary of Hong Kong.

Carl Wu: Co-founder and Managing Director. Former Managing Director at Blackstone.

Professional Backgrounds

Antony Leung: Brings extensive experience in finance and public policy, having served as Hong Kong's Financial Secretary.

Carl Wu: Offers a strong background in private equity and investment management from his tenure at Blackstone.

Key Contributions

Established New Frontier Group in 2016 to address pressing healthcare needs in Greater China.

Led the acquisition of United Family Healthcare, expanding the company's footprint in the region.

Competitor Profile

Market Insights and Dynamics

The global healthcare management industry is experiencing significant growth, driven by increasing international mobility and the need for efficient healthcare solutions. Companies like New Frontier Group are well-positioned to capitalize on this trend by offering specialized services tailored to organizations with international members.

Competitor Analysis

Allianz Partners: A global leader in assistance services, offering a wide range of healthcare management solutions.

Aetna International: Provides international health insurance and healthcare management services to expatriates and globally mobile individuals.

Cigna Global: Offers health insurance and healthcare management services tailored to the needs of international clients.

Strategic Collaborations and Partnerships

New Frontier Group has formed strategic partnerships to enhance its service offerings and expand its market reach. Notably, the company acquired Hong Kong Integrated Oncology Center (HKIOC) in 2024, strengthening its oncology care services in the region.

Operational Insights

New Frontier Group differentiates itself through its focus on technology-driven solutions, such as the Onyx™ Operating System, and its commitment to delivering superior customer service. These factors contribute to its competitive advantage in the international healthcare management sector.

Strategic Opportunities and Future Directions

The company aims to expand its international presence, particularly in the Greater Bay Area (GBA) of China, by leveraging its existing healthcare network and partnerships. Future opportunities include enhancing its technological platforms and exploring new markets to address the evolving needs of its global clientele.