Healthcare Consulting Career Path
I was wondering if there were any healthcare consultants out there that could provide some insight into the typical career path of a healthcare consultant? What kind of exit opps are there? Is this the type of job that will pigeonhole me?
I've tried to look this information up myself, but there is not really too much out there.
Thanks in advance for the help.
Depends on what stkaeholder for whom you are providing consulting services. Here are my .02s:
-pharma consultting: stick to product side (think LEK, campbell alliance, etc) and exits could be internal marketing/brand strategy in a TA, eq research, private equity (tough) -med device: not many out there, most med tech companies hire internally, but the exit could be startup med tech -provider based consulting: exit could be hospital administration, PE (depending on the brand firm you're with) or startup in healthcare services
healthcare in it of itself is too broad with too many stakeholders. Figure out who you want to consult for and then target the top companies there. MBB do a lot of healthcare cosnulting across the board in terms of stakeholders, so working for one of them would give you more insight into which area within healthcare you want to deep dive in.
If you're really itnerested in healthcare I'd advise you to forget consulting and go work for a healthcare startup right now, there are tons being funded, albeit it's seed investing. For more info check out Rock Health a new SF based healthcare incubator (the founder of which btw is a really hot chick from HBS)
Good luck
what healthcare?
state? provider? health plans? pharma?
all pretty different experiences...
What about pharma?
HC Consulting (Originally Posted: 05/07/2012)
Edit
Also interested
What types of positions do "MPH students usually get" coming out of Columbia? With no prior consulting/HC consulting experience, from what I've seen (at a few boutique firms, can't comment on MBB), non-MBA masters students get hired as entry-level analysts (perhaps at a slightly higher salary due to the MPH).
I was looking at Deloitte's job posting for MHA and MPH students. "Our Consultant and Senior Consultant positions are primarily differentiated by the number of years work experience prior to your graduate school studies. Consultants typically have one to two years of previous work experience, while Senior Consultants have three to four years of relevant work experience."
I would be interested in applying for the Consultant position at Deloitte, but from what I quoted above, it's not crystal clear whether they prefer that the 1-2 years previous work experience be in healthcare. For instance, they didn't specifically say "relevant work experience" like they did with the Senior Consultant position.
If your ultimate goal is to get into consulting, have you considered foregoing the MHA/MPH and instead getting an MBA (e.g., perhaps with a concentration in healthcare--like a Duke, Wharton, or BU program)?
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Matches, Im loving the batman reference in the username.
Healthcare Consulting - Offices in Toronto? (Originally Posted: 01/17/2011)
Hey guys,
Does anyone know of any healthcare consulting firms with offices in Toronto? I know someone who has about 25 years experience running hospitals, and he's looking to go into consulting now. Any advice is appreciated. Thanks!
-ES
in toronto only? what salary range is he expecting? how strong are his contacts with larger regional systems/GPO's? Which ones?
25 years is a lot, wow. Have you tried looking on Google Maps (rhetorical question, yes you have). BCG is in Toronto. Mckinsey is in Toronto, as is Bain. Keep in mind the MBBs specialize by area, so while they have offices in Toronto, there might not be a healthcare consultants there. With 25 years running hospitals, I'm sure the said professional knows somebody who could help em out.
Unfortunately for this guy, his experience is all in the middle east. He is new to Canada but very qualified. Has a masters in hospital management from the UK.
As for salary, I think he would be happy with 80-120k
Chartis doesn't have an actual office so when you're not traveling, you can work from home (usually just Fridays).
I'd pass. Too low of a salary for what I'd expect.
He could teach as a professor with that salary. Consulting students on how to run hospitals.
Consulting in the Healthcare Industry - Providers (Originally Posted: 05/26/2013)
Recently, I have been reading extensively on big data topics, such as business intelligence and predictive analytics. Health analytics struck me as both a fast growing and rewarding field, so my interest peaked upon noticing that Accenture's (my future employer) Analytics sector serves the healthcare industry.
While I'm unsure about which healthcare industry (life sciences, public health, health insurance) would be the best to specialize in at the moment, I am quite eager about a consulting career which revolves around big data in healthcare.
I just have a couple of questions which I'm hoping that you guys can answer for me.
1) Have any of you been involved in any projects centered around health analytics? If so, did you enjoy your experience(s) ?
2) Which healthcare sectors have the strongest demand for business intelligence / analytics services? Upon speaking to some people, it seems that business with healthcare providers is doing well
3) Are there any case studies out there regarding health analytics from a healthcare provider standpoint ?
This isn't reddit, bro.
Oops, sorry about that! FTFY
lmao. i actually just recently read about this too and im interested in a career in this field too.
I've been in an associate role at a boutique healthcare consulting firm for the past 6 months (straight out of undergrad). I can tell you the industry as a whole is absolutely blowing up with all the reform legislation and it has really been grabbing a lot of attention as consultants are flooding into the space trying to make heads or tails of an extremely wasteful and outdated business model. My firm usually concentrates on the provider side, although we do some strategic initiatives that branch into other HC sectors. To answer your questions:
1) I have been, and the answer is a yes/no mix. It really depends on what you're doing. I have enjoyed some projects and despised others. I think it's mostly about the nature of the problem you are trying to solve.
2) PROVIDERS. IMO, due to NFP nature of many of the providers in our country, there has been less of a financial incentive/burning platform for them to get their s*** together and they are quite behind their FP counterparts in the industry.
3) I'm sure there are, but I do not know of any other than the projects I've been staffed on.
Hope this helps.
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