Impact Advisors

What Impact Advisors does

Impact Advisors is a privately held U.S. healthcare management consulting firm founded in 2007 by Andy Smith and Pete Smith and headquartered in Naperville, Illinois. The firm delivers technology-enabled transformation services to more than 600 healthcare provider and payer organizations across clinical, financial, operational, and technical domains. Service lines include performance improvement (revenue cycle, workforce, supply chain, physician enterprise), care quality and clinical optimization, enterprise resiliency (cybersecurity, disaster recovery, IT modernization), growth and scalability (strategic planning, M&A advisory, data and AI consulting), and technology implementation and support for EHR (Epic and Epic Tapestry), ERP (Workday and Oracle), and enterprise clinical imaging systems. The firm supplements U.S. delivery with a 300-person nearshore operation in Mexico City and an enterprise field-sales go-to-market.

The business operates primarily on project-based professional services engagements with multi-year contract cadences, complemented by recurring managed services for EHR, ERP, RCM, and analytics support. Pricing is quote-based and not publicly disclosed. Revenue is approximately $340 million annually as of 2026, generated by 1,700+ employees. The firm has earned 35 Best in KLAS distinctions over 19 consecutive years — more than any other services firm — including 2026 #1 rankings in Data & Analytics Services, Human Capital Consulting, and Overall Healthcare Management Consulting, alongside 17 consecutive years on Modern Healthcare's Best Places to Work in Healthcare. Growth has been a mix of organic expansion and three completed acquisitions: C2 Healthcare (2022), First Quadrant Advisory (2024, payer market entry), and Canopii Collaborative (2026, Epic payer/RCM specialist). Ownership remains with the co-founders and internal stakeholders; no external venture or private equity funding rounds are disclosed.

Name

Impact Advisors

Legal name

Impact Advisors, LLC

Website

https://impact-advisors.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Impact Advisors is a privately held U.S. healthcare management consulting firm serving more than 600 provider and payer organizations with EHR/ERP implementation, revenue cycle, cybersecurity, and AI advisory services. Founded in 2007, it generates approximately $340 million in annual revenue.

Ownership category

akta.pro rank

Product category

Healthcare Management Consulting

NAICS

Other Management Consulting Services (541618), Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Healthcare Access & Life Sciences Impact Funds (FSANAJAI)

Keywords

• Healthcare management consulting
• EHR implementation services
• Revenue cycle consulting
• Healthcare IT advisory
• Managed healthcare services

Headquarters

HQ city

Naperville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Healthcare Management Consulting Services: Professional consulting services for healthcare organizations including strategy, operations, revenue cycle, EHR/ERP implementation, cybersecurity, and transformation services. Revenue is generated through project-based consulting engagements with healthcare providers and payers.
2. Managed Services: Ongoing managed services including application managed services, EHR managed services, ERP managed services, revenue cycle management, and data analytics support delivered from Mexico operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Impact Advisors is a healthcare management consulting firm that delivers technology-enabled transformation services to hospitals, health systems, physician groups, and health plans. Core offerings include strategy, performance improvement (revenue cycle, workforce, supply chain), EHR and ERP implementation and optimization (Epic, Workday, Oracle), cybersecurity, data and AI advisory, and ongoing managed services delivered through U.S. offices and a nearshore Mexico operations center.

Product overview

Impact Advisors is a healthcare management consulting firm offering comprehensive, technology-enabled performance improvement and transformation services. The company operates as a single unified consulting service rather than a platform-plus-modules architecture. The core offering includes healthcare management consulting supported by specialized service areas: Performance Improvement Consulting (revenue cycle, workforce management, supply chain), Care Quality & Delivery Services (clinical optimization, quality improvement), Enterprise Resiliency Services (cybersecurity, disaster recovery, IT modernization), Growth & Scalability Services (strategic planning, M&A, data & AI), and Technology Implementation & Support (EHR, ERP, enterprise imaging, managed services). The company has expanded through acquisitions including First Quadrant Advisory (payer market expertise, 2024) and Canopii Collaborative (Epic Tapestry and payer services, 2026). Services are delivered across healthcare provider and payer organizations with recognition as Best in KLAS for 19 consecutive years.

Differentiator

Problem solved

Functional benefit

Products and services

• Performance Improvement Consulting Consulting services focused on improving business performance for healthcare organizations, including revenue cycle management, workforce management, supply chain optimization, corporate services optimization, and physician enterprise solutions.
• Care Quality, Access & Delivery Services Services that enhance clinical quality, patient experience, capacity, and access for healthcare providers, including patient access and experience, clinical optimization, quality improvement, and perioperative optimization.
• Enterprise Resiliency Services Services that ensure enterprise resiliency for healthcare organizations, including cybersecurity, disaster recovery and business continuity, and IT optimization and modernization.
• Growth & Scalability Services Services that accelerate business growth and scalability for healthcare organizations, including strategic planning, mergers and acquisitions advisory, data and artificial intelligence advisory, and enterprise managed services.
• Technology Implementation & Support Services for planning, implementing, and supporting healthcare technology including EHR implementation and support, ERP implementation and support, enterprise clinical imaging, and managed services.
• Health Plan Solutions Specialized consulting services for health plans and payers, including growth and market development, quality and value programs, operations and technology modernization, and contracting optimization.
• EHR Services Electronic Health Record implementation and optimization services, including Epic implementations and support for both ambulatory and acute care organizations.
• ERP Services Enterprise Resource Planning implementation and support services, including Workday and Oracle ERP solutions, with a focus on healthcare-specific integrations with EHR systems.
• Cybersecurity Services Security and risk management consulting for healthcare organizations, including security risk assessments, virtual CISO (vCISO) services, HIPAA compliance, and board-ready cybersecurity reporting and risk governance.
• Managed Services Application managed services providing ongoing support for EHR, ERP, and other healthcare technology systems, including nearshore delivery through Impact Advisors Mexico.
• Revenue Cycle Management Consulting Revenue cycle consulting services helping healthcare organizations improve cash flow, reduce denials, and optimize accounts receivable through process improvements and technology optimization.

Quantifiable outcome

• $14M margin improvement through revenue cycle management at Endeavor Health
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• EpiccoreTechnology or Integration · 1 February 2024Impact Advisors joined Epic's New Revenue Cycle Partners Program in 2024, enabling the firm to provide enhanced Epic-related consulting services and expand its ecosystem presence.
• Epic SystemscoreTechnology or IntegrationActive participation in Epic User Group Meeting (UGM) 2026, demonstrating ongoing partnership and expertise in Epic implementations.
• WorkdaycoreTechnology or IntegrationActive participation in Workday Rising 2025 conference, demonstrating partnership expertise in Workday ERP implementations for healthcare.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Avaap (now Alithia): Specialized consulting firm focused on Epic, Workday, and Infor implementations for healthcare organizations, competing directly for EHR/ERP implementation work.
• Optimum Healthcare IT: Direct competitor in healthcare IT consulting with deep Epic implementation and managed services expertise, frequently co-recognized alongside Impact Advisors in KLAS service firm rankings.
• Chartis Group: Healthcare-focused management consulting firm serving providers and payers; named alongside Impact Advisors and Optimum as a top service firm in the 2026 Best in KLAS Awards.
• Nordic Consulting: Large Epic-focused healthcare consulting and managed services firm with comparable EHR implementation, advisory, and managed services offerings for health systems.
• Pivot Point Consulting: Healthcare IT consulting firm offering EHR, ERP, and analytics services to providers and payers with a similar vendor-aligned delivery model.
• ECG Management Consultants: Healthcare-specialized management consulting firm with strong provider strategy, operations, and technology practices; competes for the same hospital and health system engagements.

Broad incumbents

• Tegria: Healthcare technology and services company (formed from Providence's roll-up of several consultancies) offering consulting, managed services, and technology solutions across the provider/payer landscape.
• Accenture (Healthcare): Global consulting giant with a large healthcare practice competing for large-scale transformation, EHR, and payer engagements where Impact Advisors also plays.
• Deloitte (Healthcare Consulting): Big Four firm with a substantial healthcare provider and payer consulting practice that competes on large transformation and technology implementation mandates.
• Huron Consulting (Healthcare): Diversified consulting firm with a healthcare practice spanning performance improvement, technology, and revenue cycle, competing with Impact Advisors on hospital performance and ERP engagements.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/impactadvisors
• Facebookfacebook.com/impactadvisors
• LinkedInlinkedin.com/company/impact-advisors

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impact Advisors