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What is healthcare consulting?
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Health care consultants are individual professionals or firms that provide specialist advice to businesses involved in the health care field such as hospitals, physicians, pharmaceutical and medical device companies, and insurance providers. Such advice is typically related to financial management, human resources, information technology and other operations in order to meet some aspect of the Triple Aim. As the economy improves and the industry undergoes change and consolidation while it works to implement the ACA, the need for health care consultants is growing. That demand has made entry into the market more enticing in recent years.
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What types of firms provide healthcare consulting?
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There are basically two types of firms that provide health care consulting services: independent firms that focus exclusively on health care and general firms that house health care divisions. Although specialty health care consulting firms are still well- established in the market, their numbers have declined somewhat in the last half-decade. This is due to the fact that general consulting firms have acquired many of them to gain entrance into niche health care markets. This trend is expected to continue over the next five years as bigger firms continue to gain market share and expand the breadth of specialty services offered.6
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What type of work does a healthcare consultant do?
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Strategic Management
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Financial Management and Operationss
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Human Reseources and Benefits
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IT Strategy
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Other Services include a variety of offerings, such as physician practice management, marketing, equipment planning and clinical support services
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Who uses healthcare consultants?
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Hospitals
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Pharmaceutical Firms
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Government
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Medical Device Companies
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Insurance Companies
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Healthcare Providers including physicians’ offices, diagnostic and medical laboratories, and outpatient centers
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Other clients include nonprofits and various industries related to health care.
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Professional Associations
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American College of Healthcare Executive (ACHE) – ache.org
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Maryland ACHE: mahce.ache.org (regional chapter of ACHE)
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National Association of Health Services Executives (NAHSE) – nahse.org
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NAHSE Baltimore: nahsebaltimore.org (regional chaper of NAHSE)
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National Institute for Health Care Management Foundation (NIHCM) – nihcm.org
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American Health Information Management Association – ahima.org
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Healthcare Financial Management Association – hfma.org
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Healthcare Information and Management Systems Society – himss.org
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National Society of Certified Healthcare Business Consultants
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Institute for Healthcare Improvement – ihi.org 
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SXSW - Health & MedTech Conference
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Critical Skills Required as Healthcare Consultants
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Collaboration
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Attention to Detail
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Intellectual Curiosity and Agility
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Leadership
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Clear Communication
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Analytical Skills
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Technical Skills
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Enthusiasm for the spectrum of care and patient experience.
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~ Adapted from Miliken Institute of School of Public Health, GW and John Hopkns Carey Business School
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Relevant Articless
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Healthcare Consulting: Everything You Need to Know
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Vault Guide to Top Healthcare Consulting Companies
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America's Best Management Consulting Firms (2021)
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