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What Are Healthcare Consulting Firms?

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  • Written By: Carol Francois
  • Edited By: J.T. Gale
  • Last Modified Date: 20 August 2014
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Healthcare consulting firms typically can be divided into two primary categories: research and private industry. The healthcare industry includes everything from pharmaceuticals to hospital services. In some countries, these services are provided through governmental agencies, while healthcare is operated by private business enterprises in others. Healthcare consulting firms are found in all countries, regardless of the organizational structure used to provide healthcare.

Healthcare consulting firms that are focused on research typically employ academic staff, research assistants, and business analysts. The primary focus of this organization is to review data on how healthcare is provided, patient outcomes, costs, and benefits. It also can review the effectiveness of various policies or laws.

Government agencies often rely on the papers published from this type of firm to help guide the formation of public policy. Private firms in the healthcare industry also rely on these firms to provide impartial analysis on the business model, to identify ways to improve efficiency and lower costs, and to compare the level of care provided to other countries. It can be important to remember that while the provision of healthcare is a local function, the majority of firms in this sector are international.

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Healthcare consulting firms that are funded by private industry perform three kinds of service: data analysis, system implementation, and strategic advising. The data analysis service provided often is focused on a specific challenge or upcoming issue. Private firms need to identify trends, ways to reduce costs, and methods of improving efficiency. Independent analysis can be a great way to meet these needs while managing costs.

System implementation is a service provided by healthcare consulting firms to medical clinics, laboratories, long-term care facilities and hospitals. This technology allows data to be transmitted electronically to the insurance providers or related agencies. Developing and implementing electronic health records is a priority for governments around the world. This is a way to improve patient care, provide doctors with more information, and reduce overall costs.

Some healthcare consulting firms specialize in strategic planning. These firms typically employ people with extensive experience in this sector, along with academic credentials in management, healthcare, and related fields. Healthcare is a constant concern, and a long-term plan usually is required to meet the growing need for these services.

The qualifications required to join a healthcare consulting firm varies, depending upon the role for which one wishes to apply. Consultants typically have a university education in business or a healthcare related field. Many people who worked in this sector as physicians, pharmacists, or nurses find career options as consultants. Using their medical training and experience in the sector, they can provide valuable insights into the strengths and weaknesses in current business practices.

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