Overview

Cared for: Healthcare companies will demand consultants to manage risk and handle reform

The Healthcare Consultants industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Increased demand allows operators to charge higher fees, boosting both revenue and profit
  • New technology requirements are affecting care providers, spurring demand for consultants
  • Rising healthcare expenditures will cause providers to seek out consulting services

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    Industry Analysis & Industry Trends

    Over the past five years, demand for healthcare consultants has increased due to technological advances in the healthcare sector and the changing regulatory environment. Moreover, the 2010 Patient Protection and Affordable Care Act expanded access to healthcare to millions of Americans, driving growth in the overall healthcare sector and stimulating demand for consulting accordingly. However, budgets remained tight for many industry customers due to the lingering effects of the recession. Over the next five years, industry revenue is expected to continue on its upward trajectory...

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    Industry Report - Industry Products Chapter

    The Healthcare Consultants industry has grown during the past decade. Healthcare consultants provide advisory services to hospitals, physicians, insurance companies and pharmaceutical clients in the areas of strategic planning, financial operations, human resources, information technology, operations and supply chain management. Healthcare consultants advise companies and healthcare providers in ways to reduce costs of providing medical benefits by making administrative processes more efficient and identifying cost-savings measures.

    Strategic management

    Strategic management consulting generates the majority of the industry's revenue, accounting for 49.1% in 2017. Thi..

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    Additional Insights for the Healthcare Consultants Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Healthcare Consultants Industry are

  • Ability to compete on tender
  • Effective quality control
  • Well developed internal processes
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Total health expenditure in the Healthcare Consultants industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Healthcare Consultants Industry?

    This industry provides specialist advice to businesses involved in healthcare fields, such as hospitals, physicians, pharmaceutical companies and insurance providers. These services include advice related to financial management, human resources, information technology and other operations.

    Industry Products
    Strategic management
    Financial management and operations
    Human resources and benefits
    IT strategy
    Industry Activities
    Strategic management consulting
    Financial management consulting
    Information technology consulting
    Human resource consulting
    Process and logistics consulting services
    Marketing consulting services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Government consumption and investment

  • Current Performance
  • Growth as the economy recovers
  • Reform leads to more regulation, more business
  • Chart: Revenue Growth

  • Industry Outlook
  • Growth in the coming years
  • Reform leads to more regulation, more business
  • Table: Healthcare Consultants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Healthcare Consultants Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Healthcare and Social Assistance
  • Hospitals

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Office Supply Stores

  • Products & Services
  • Strategic management
  • Other
  • Financial management and operations
  • Human resources and benefits
  • IT strategy
  • Chart: Healthcare Consultants Industry Products and Services Segmentation

  • Demand Determinants
  • Hospitals, pharmaceutical manufacturers and physicians
  • Economic conditions
  • Reimbursement rates
  • Healthcare reform

  • Major Markets
  • Hospitals
  • Government clients
  • Other healthcare providers
  • Pharmaceutical clients
  • Insurance clients
  • Nonprofit organizations
  • Other
  • Chart: Major Market Segmentation for the Healthcare Consultants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Healthcare Consultants

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Healthcare Consultants Industry

  • Industry Globalization
    Major Companies
    AccentureDeloitte Touche Tohmatsu LimitedAdvisory Board CompanyHuron Consulting Group Inc.PricewaterhouseCoopers
  • Table: Accenture - financial performance
  • Table: Deloitte Touche Tohmatsu Limited - financial performance
  • Table: Advisory Board Company - financial performance
  • Table: Huron Consulting Group Inc. - financial performance
  • Table: PricewaterhouseCoopers - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Healthcare Consultants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Healthcare Consultants Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total health expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Electronic Health Record (Ehr)
  • A systematic collection of electronic health information about individual patients or populations.
  • Hitech
  • Acronym referring to Health Information Technology for Economic and Clinical Health, an act signed into law as part of the ARRA in 2009 to promote adoption and use of health information technology.
  • Meaningful Use
  • Provisions in the HITECH Act that authorize payments to clinicians and hospitals that use EHRs in a way that significantly improves clinical care.
  • Outpatient Care
  • Medical care or treatment that does not require an overnight stay in a hospital or medical facility.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Healthcare Consultants:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Healthcare Consultants market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Healthcare Consultants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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