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)

RankScore (%)Name
133.49McKinsey & Company
227.43Boston Consulting Group
319.33Deloitte Consulting LLP
419.10GE Healthcare Partners
516.30Bain & Company
612.95Accenture
712.34ZS
812.20ClearView Healthcare Partners
910.81L.E.K. Consulting
1010.62IQVIA (formerly IMS Consulting Group)
119.73Huron
128.20PwC Advisory/Strategy&
1308.06EY (Ernst & Young) LLP Consulting Practice
1406.05The Advisory Board Company
155.31Putnam Associates
165.22Oliver Wyman
174.66Mercer LLC
184.29Health Advances
193.54Artisan Healthcare Consulting
203.49KPMG LLP (Advisory)

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

RankScore (%)Name
133.68Kx Advisors APAC
230.79McKinsey & Company Asia-Pacific
328.10L.E.K. Consulting Asia
423.35Boston Consulting Group Asia
516.53ZS Asia-Pacific
615.70IQVIA Asia (formerly IMS Consulting Group Asia)
713.43The Nous Group
813.22NERA Economic Consulting Asia
913.02NERA Economic Consulting Asia
913.02Cognizant 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)

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

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