The top healthcare consulting firms consist of household names like the MBB, the Big 4, as well as healthcare specific consultancies like ClearView and IQVIA. This article will provide a brief description of the best healthcare consulting firms and rankings of top healthcare consulting firms in specific regions.
Table of Contents
What is healthcare consulting?
Healthcare consulting helps… healthcare companies
In management consulting, healthcare consultants help clients from the healthcare sector (healthcare companies, hospitals, etc.) meet goals and solve problems.
Healthcare is an industry classification of management consulting, itself may include smaller branches such as operations, human resources, publicity, etc.
Healthcare consulting firms can be divided into 3 groups: the international firms that specialize in healthcare consulting (ClearView, IQVIA, GE Healthcare, etc.), the big consulting powerhouses that have their own healthcare arm (MBB, Big 4) and boutique firms that focus on a local geographical area.
Healthcare consulting salary and compensation
On average, a healthcare consultant can make around $75,000 a year before bonuses. Depending on your experience, qualifications, seniority and how big the firm is, the average annual salary may range from $63,000 to $112,000.
Some fringe benefits that consulting firms can offer are sick leaves, vacations, payroll taxes, travel reimbursements, etc.
Top healthcare consulting firms in the US
The following lists are sourced from Firsthand.co (formerly Vault.com) and Consultancy.org.
Firsthand.co annually invites all consultants in a specific region to rank top consulting firms in that area. The score is based on the percentage of consultants voting for a firm. The consultants can vote for up to 3 firms and can not vote for their own.
Consultancy.org provides information for consultants across industries. The consultancy.org network includes consulting.us, consultancy.eu, consultancy.asia. Consultancy.org ranks firms based on depth of offerings, advisory, expertise, track records and quality of thought leadership. Data is collected from both clients and consultants.
Firsthand classifies healthcare consulting as health sciences, and will include healthcare and pharmaceutical consulting, while Consultancy.org separate the niches.
Top health sciences consulting firms (Firsthand)
|
Ranking |
Firms |
% vote |
|
1 |
Boston Consulting Group |
30.48% |
|
2 |
ZS |
22.47% |
|
3 |
L.E.K. Consulting |
21.97% |
|
4 |
Bain & Company |
20.36% |
|
5 |
ClearView Healthcare Partners |
19.41% |
|
6 |
IQVIA |
17.30% |
|
7 |
Deloitte Consulting |
14.29% |
|
8 |
Accenture |
10.85% |
|
9 |
Huron |
9.68% |
|
10 |
Trinity Life Sciences |
9.29% |
|
11 |
KPMG |
6.56% |
|
12 |
EY Parthenon |
6.40% |
|
13 |
Putnam |
5.90% |
|
14 |
Charles River Associates |
5.67% |
|
= |
Oliver Wyman |
5.67% |
|
16 |
PwC Advisory/Strategy& |
5.51% |
|
17 |
Health Advances |
5.17% |
|
18 |
Syneos Health |
3.62% |
|
19 |
LSC LifeSciences Consultants |
3.45% |
|
20 |
Back Bay Life Science Advisors |
3.39% |
Top healthcare consulting firms (consulting.us)
|
Ranking |
Firms |
|
1 |
Deloitte Consulting |
|
2 |
PA Consulting |
|
3 |
GE Healthcare Partners |
|
4 |
McKinsey & Company |
|
5 |
L.E.K. Consulting |
|
6 |
VIE Healthcare Consulting |
|
7 |
Cordence Worldwide |
|
8 |
North Highland |
|
9 |
PwC |
|
10 |
Bain & Company |
|
11 |
Baker Tilly |
|
12 |
Boston Consulting Group |
|
13 |
Emerton |
|
14 |
GEP |
|
15 |
Grant Thornton |
|
16 |
Strategy& |
|
17 |
KPMG |
|
18 |
Accenture |
|
19 |
EY Parthenon |
|
20 |
Alvarez & Marsal |
Top healthcare consulting firms in Europe
Top health sciences consulting firms (Firsthand)
|
Ranking |
Firms |
% vote |
|
1 |
McKinsey & Company |
38.21% |
|
2 |
Boston Consulting Group |
34.46% |
|
3 |
IQVIA |
28.24% |
|
4 |
L.E.K. Consulting |
26.04% |
|
5 |
Bain & Company |
22.28% |
|
6 |
ZS |
11.01% |
|
7 |
ClearView Healthcare Partners |
9.59% |
|
8 |
Deloitte Consulting |
9.07% |
|
9 |
Lifescience Dynamics Ltd |
6.61% |
|
10 |
Accenture |
6.48% |
|
11 |
Syneos Health |
5.57% |
|
12 |
Alira Health |
4.66% |
|
= |
Roland Berger |
4.66% |
|
14 |
Prescient Healthcare Group |
4.02% |
|
15 |
KPMG |
3.50% |
Top healthcare consulting firms (consultancy.eu)
|
Ranking |
Firms |
|
1 |
Bain & Company |
|
2 |
BearingPoint |
|
3 |
KPMG |
|
4 |
McKinsey & Company |
|
5 |
Nextcontinent |
|
6 |
Cordence Worldwide |
|
7 |
Curzon Consulting |
|
8 |
dss+ |
|
9 |
Eurogroup Consulting France |
|
10 |
Eurogroup Consulting Italy |
|
11 |
Mercer |
|
12 |
umlaut |
|
13 |
Valcon |
|
14 |
YCP Solidiance |
|
15 |
Deloitte Consulting |
|
16 |
L.E.K. Consulting |
|
17 |
Alvarez & Marsal |
|
18 |
North Highland |
|
19 |
DMW |
|
20 |
Emerton |
|
21 |
GEP |
|
22 |
Sionic |
Top healthcare consulting firms in Asia
Top health sciences consulting firms (Firsthand)
|
Ranking |
Firm |
% vote |
|
1 |
Boston Consulting Group |
35.24% |
|
2 |
McKinsey & Company |
33.04% |
|
3 |
ZS |
24.89% |
|
4 |
IQVIA |
24.23% |
|
5 |
Bain & Company |
23.35% |
|
6 |
L.E.K. Consulting |
13.22% |
|
7 |
Accenture |
10.57% |
|
8 |
KPMG |
9.03% |
|
9 |
Deloitte Consulting |
8.59% |
|
= |
Syneos Health |
8.59% |
|
11 |
EY Parthenon |
6.17% |
|
12 |
Mercer |
5.95% |
|
13 |
PwC Advisory/Strategy& |
5.29% |
|
14 |
Cognizant |
5.07% |
|
= |
Oliver Wyman |
5.07% |
Top healthcare consulting firms (consultancy.asia)
|
Ranking |
Firms |
|
1 |
L.E.K. Consulting |
|
2 |
KPMG |
|
3 |
Nextcontinent |
|
4 |
YCP Solidiance |
|
5 |
Deloitte Consulting |
|
6 |
McKinsey & Company |
|
7 |
Boston Consulting Group |
|
8 |
Alvarez & Marsal |
|
9 |
Bain & Company |
|
10 |
Mercer |
|
11 |
FTI Consulting |
|
12 |
Cordence Worldwide |
|
13 |
Strategy& |
|
14 |
dss+ |
|
15 |
GEP |
|
16 |
Sionic |
|
17 |
umlaut |
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