Healthcare consulting is an exciting industry in management consulting. But many aspiring consultants face difficulties understanding what it is or what are the best healthcare consulting firms to work in.

This article will provide a brief description of the best healthcare consulting firms and rankings of top healthcare consulting firms in specific regions.

1. Healthcare Consulting – Overview

What is healthcare consulting?

Healthcare consulting means solving problems for companies and organizations in the healthcare industry. These problems can come from either the business or the technical (medical) functions.

A healthcare consulting firm, itself being an industry classification, may cover multiple functions (strategy, technology, HR, operation, legal and regulatory, marketing), and come from various “tiers” (MBB, Big 4, boutique, etc.).

Workplace and compensation

Healthcare consultants can choose to work at these firms among other consultants, ranging from small, boutique firms that specialize in healthcare to global networks (such as McKinsey, BCG and Bain) with specific practices handling the healthcare industry.

As a healthcare consultant, your average annual salary is about $87,660, excluding any fringe benefits that the firms can offer.

2. Vault.com Rankings

The following lists are sourced from vault.com and compiled for the US, EU and Asia regions.

Vault.com 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.

Top Healthcare Consulting Firms
(2021 – US – vault.com)

Rank Score (%) Name
1 33.49 McKinsey & Company
2 27.43 Boston Consulting Group
3 19.33 Deloitte Consulting LLP
4 19.10 GE Healthcare Partners
5 16.30 Bain & Company
6 12.95 Accenture
7 12.34 ZS
8 12.20 ClearView Healthcare Partners
9 10.81 L.E.K. Consulting
10 10.62 IQVIA (formerly IMS Consulting Group)
11 9.73 Huron
12 8.20 PwC Advisory/Strategy&
13 08.06 EY (Ernst & Young) LLP Consulting Practice
14 06.05 The Advisory Board Company
15 5.31 Putnam Associates
16 5.22 Oliver Wyman
17 4.66 Mercer LLC
18 4.29 Health Advances
19 3.54 Artisan Healthcare Consulting
20 3.49 KPMG LLP (Advisory)

Top Healthcare Consulting Firms
(2021 – Asia – vault.com)

Rank Score (%) Name
1 33.68 Kx Advisors APAC
2 30.79 McKinsey & Company Asia-Pacific
3 28.10 L.E.K. Consulting Asia
4 23.35 Boston Consulting Group Asia
5 16.53 ZS Asia-Pacific
6 15.70 IQVIA Asia (formerly IMS Consulting Group Asia)
7 13.43 The Nous Group
8 13.22 NERA Economic Consulting Asia
9 13.02 NERA Economic Consulting Asia
9 13.02 Cognizant Asia-Pacific

3. Consultancy.org Rankings

Top Healthcare Consulting Firms
(2021 – EU – vault.com)

Rank

Score (%)

Name

1

43.59

Boston Consulting Group Europe

2

41.83

McKinsey & Company Europe

3

23.86

IQVIA Europe (formerly IMS Consulting Group Europe)

4

23.56

GE Healthcare, Europe

5

17.82

Bain & Company Europe

6

13.25

L.E.K. Consulting Europe

7

10.90

Lifescience Dynamics Ltd Europe

7

10.90

ZS Europe

9

9.87

Deloitte (European Consulting Practice)

10

6.48

Syneos Health Europe

11

6.33

Accenture Europe

12

5.74

Alira Health

13

5.15

EY (Ernst & Young) Consulting Practice Europe

14

4.86

PwC (PricewaterhouseCoopers) International Ltd.

15

4.57

Simon-Kucher & Partners Europe

Consultancy.org is a global online platform for the advisory and consulting industry. The consultancy.org network includes many regional sites such as consulting.us, consultancy.eu and consultancy.asia that rank top consulting firms in that region.

Top Healthcare Consulting Firms
(2021 – US – consulting.us)

Rank Name
1 Deloitte
2 GE Healthcare Partners
3 McKinsey & Company
4 PA Consulting Group
5 Cordence Worldwide
6 L.E.K. Consulting
7 North Highland
8 PwC
9 Bain & Company
10 Baker Tilly
11 Emerton
12 Grant Thornton
13 Strategy&
14 KPMG
15 Boston Consulting Group
16 Accenture
17 EY
18 Mercer
19 Oliver Wyman
20 Alvarez & Marsal
21 Nextcontinent
22 Roland Berger
23 CIL Management Consultants
24 YCP Solidiance
25 DuPont Sustainable Solutions
26 umlaut
27 VIE Healthcare Consulting

Top Healthcare Consulting Firms
(2021 – EU – consultancy.eu)

Rank

Name

1

Bain & Company

2

BearingPoint

3

KPMG

4

McKinsey & Company

5

Cordence Worldwide

6

DuPont Sustainable Solutions

7

Mercer

8

Nextcontinent

9

umlaut

10

Deloitte

11

Alvarez & Marsal

12

North Highland

13

YCP Solidiance

14

Curzon Consulting

15

DMW

16

Emerton

17

Sionic

Top Healthcare Consulting Firms
(2021 – Asia – consultancy.asia)

Rank Name
1 KPMG
2 Nextcontinent
3 YCP Solidiance
4 Deloitte
5 McKinsey & Company
6 Boston Consulting Group
7 Bain & Company
8 Mercer
9 Alvarez & Marsal
10 Cordence Worldwide
11 Strategy&
12 Dupont Sustainable Solutions
13 umlaut