Mathematica

What Mathematica does

Mathematica Inc. is an employee-owned policy research and data analytics firm founded in 1968 and headquartered in Princeton, New Jersey, with additional offices in Ann Arbor, Cambridge, Chicago, and Washington, DC. The company serves federal, state, and local government agencies, philanthropic foundations, and increasingly healthcare providers, integrating data science, social science, and policy expertise to support program evaluation, regulatory analysis, and data modernization across health, human services, education, and workforce domains. Its technology portfolio centers on two productized cloud platforms—Imersis, a T-MSIS data quality tool for state Medicaid agencies, and PricePrism, a healthcare price transparency intelligence platform launched in August 2025 and built on AWS and Google Cloud—alongside service models such as Goal4 It!, e2i Coach, QCIT, and the LI² organizational improvement framework co-developed with Harvard's Center on the Developing Child.

The firm generates revenue primarily through long-term professional services contracts awarded via federal and state procurement processes and foundation grants, with no publicly disclosed pricing or standardized SaaS list rates. Key federal clients include HHS, CMS, SAMHSA, DOL, and ACF; state clients include Colorado, California, Iowa, North Carolina, and Maryland human services departments; and healthcare clients include MaineHealth, Main Line Health, and the American Society of Anesthesiologists. Go-to-market is consultative enterprise sales with no digital marketplace or reseller channels; client logos reported in source material indicate recurring relationships across multiple years and contract vehicles. Mathematica applies generative AI for CMS regulatory analysis, machine learning for service-line forecasting in rural hospitals, and anomaly detection for T-MSIS data quality scoring, with cloud infrastructure partners including AWS (Advanced Tier) and Google Cloud.

The employee-ownership structure is presented by the company as central to its operating model, aligning staff incentives with client outcomes rather than short-term utilization, and supporting long-tenured multidisciplinary teams. Leadership includes President and CEO Paul Decker and CTO of Health Care Noland Joiner, the latter recruited from senior technology roles at AWS, GE HealthCare, and MarkLogic to lead digital innovation. Marketing is content-led via research publications, the Evidence & Insights newsletter, the On the Evidence podcast, and case studies rather than product advertising. No parent company, institutional investors, subsidiaries, or M&A activity are disclosed; the company operates as a standalone private entity incorporated in New Jersey.

Name

Mathematica

Legal name

Mathematica Inc.

Website

https://mathematica.org

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Mathematica is an employee-owned policy research and data analytics firm serving federal, state, and local government agencies, foundations, and healthcare providers with evaluation, regulatory analysis, and proprietary platforms (Imersis for Medicaid data quality, PricePrism for healthcare price transparency).

Ownership category

akta.pro rank

Product category

Policy Research and Data Analytics Services

NAICS

Research and Development in the Social Sciences and Humanities (541720), Scientific Research and Development Services (5417), Other Scientific and Technical Consulting Services (54169)

SIC

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

akta.pro primary industry

Healthcare Outcomes & Real-World Evidence (RWE) Analytics (BPAHALAN)

Keywords

• Policy research services
• Program evaluation
• Data analytics consulting
• Medicaid data solutions
• Healthcare price transparency

Headquarters

HQ city

Princeton

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Federal Government Contracts: Major revenue stream from contracts with federal agencies including HHS, CMS, SAMHSA, DOL, ACF, and other government departments for research, evaluation, and analytics services.
2. State and Local Government Contracts: Contracts with state agencies and local governments for data analytics, technical assistance, and program evaluation across health, human services, education, and workforce sectors.
3. Foundation Grants and Contracts: Work with foundations including Arnold Ventures, Bezos Family Foundation, Robert Wood Johnson Foundation, and others for research and evaluation projects.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Mathematica is an employee-owned research and data analytics firm that delivers program evaluation, technical assistance, and policy research to federal and state agencies, foundations, and healthcare organizations. Its portfolio includes the proprietary Imersis cloud platform for Medicaid data quality and the PricePrism healthcare price transparency intelligence platform, complemented by analytics, AI/ML, and social science expertise to help clients make evidence-based decisions.

Product overview

Mathematica is an employee-owned policy research and data analytics company offering a broad portfolio of solutions across three core areas: Analytics and Operations, Data Solutions, and Research and Evaluation. The product portfolio includes two named SaaS/cloud tools — Imersis® for T-MSIS data quality assessment and MES certification, and PricePrism™ for healthcare price transparency intelligence — alongside specialized service models such as Goal4 It!™ (employment coaching) and e2i Coach, and methodological frameworks such as Learn, Innovate, Improve (LI²) and QCIT. Solutions span advanced analytics, data visualization, data strategy, clinical quality measures, technical assistance, performance management, evaluation design, rapid cycle evaluation, and workforce planning. The company serves federal, state, local, foundation, and global health and development sectors, applying AI and machine learning to Medicaid, Medicare, and commercial claims data for predictive analytics, anomaly detection, and generative AI–assisted regulatory analysis.

Differentiator

Problem solved

Functional benefit

Brands

• PricePrism: Advanced Price Transparency Intelligence Platform for healthcare organizations
• Imersis
• Goal4 It!
• LI2 (Learn, Innovate, Improve)

Products and services

• Imersis
• PricePrism
• Goal4 It!
• e2i Coach
• QCIT (Quality Collaborative Improvement Team)
• Rural Health Analytics and Technical Assistance
• SAMHSA Performance Accountability and Reporting System (SPARS)
• Learn, Innovate, Improve (LI2)

Quantifiable outcome

• $25 million in cost savings through SDOH interventions for a Southern health plan covering 1 million members
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and secondary.

• Administration for Native AmericanscoreStrategic or Co-development PartnerPartnership with Administration for Native Americans and a community working group of Elders and experts in Native language to develop a national survey assessing the status of Native American languages across the United States. The working group shaped the survey's design, content, and administrative approach.
• National Indian Health BoardcoreStrategic or Co-development PartnerTogether with the National Indian Health Board and Robert Wood Johnson Foundation, conducted a comprehensive cost estimate of healthcare services provided by the Indian Health Service, producing community-informed recommendations to improve access to high-quality healthcare for Native American communities.
• The Pew Charitable TrustscoreStrategic or Co-development PartnerMathematica partnered with The Pew Charitable Trusts to conduct a comprehensive 50-state assessment of public health data exchange policies. Pew used findings from the report to identify and engage three states for administrative rule updates on data reporting and to prompt legislative change in one state.
• Brazelton Touchpoints CentersecondaryStrategic or Co-development PartnerPartnership with Brazelton Touchpoints Center as part of the HV-REACH project to study, develop, and disseminate evidence-informed resources and strategies that home visiting programs can use to increase access to and participation in home visiting services.
• Social GrovesecondaryStrategic or Co-development PartnerPartnership with Social Grove as part of the HV-REACH project for home visiting program research and resource development on behalf of the Office of Planning, Research, and Evaluation in the Administration for Children and Families.
• Standing Rock Sioux TribecoreStrategic or Co-development PartnerPartnership with Standing Rock Sioux Tribe to adapt and use Goal4 It!—an employment coaching model—in collaboration with the Tribe's workforce services team, tailored to the Tribe's specific workforce programs and community needs.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Abt Associates: Abt Associates is a research and consulting firm delivering social, economic, health, and environmental policy research and evaluation for U.S. federal agencies, foundations, and international clients. Highly comparable to Mathematica in client base, service portfolio, and delivery model.
• Westat: Westat is an employee-owned professional services corporation providing statistical research, evaluation, survey, and technical assistance to U.S. government agencies. Closely comparable to Mathematica in employee ownership, federal focus, and research/evaluation methodology.
• RTI International: RTI International is a nonprofit research institute providing scientific research, analytics, and technical assistance to government and commercial clients, with deep federal health and human services practice. Closely comparable to Mathematica's research, evaluation, and data analytics offerings.
• RAND Corporation: RAND is a nonprofit research institute providing policy analysis, research, and consulting to U.S. and international government agencies across health, education, and security domains. Direct peer in rigorous evidence-based policy research and federal contract work.
• NORC at the University of Chicago: NORC is an independent research organization affiliated with the University of Chicago conducting social science research, survey research, and program evaluation for federal agencies and foundations. Direct peer in policy research, evaluation methodology, and federal client base.
• Avalere Health: Avalere Health is a healthcare consulting and data analytics firm serving payers, providers, and life sciences companies with policy, reimbursement, and market intelligence. Highly comparable to Mathematica's PricePrism and Medicaid analytics offerings.
• ICF International: ICF International is a global consulting and digital services firm serving government, energy, environment, and health clients with research, analytics, and program implementation. Comparable to Mathematica in federal health/human services analytics and evaluation work, though with a broader industry footprint.
• Manatt Health: Manatt Health is a healthcare-focused consulting practice providing strategy, policy analysis, and analytics to state Medicaid agencies, health systems, and foundations. Direct peer in Medicaid policy, state health analytics, and healthcare advisory services.

Broad incumbents

• Deloitte (Government & Public Services): Deloitte's Government & Public Services practice delivers consulting, analytics, and AI-enabled transformation to federal and state agencies, including major HHS, CMS, and DOL engagements. Large incumbent with overlapping capabilities but broader portfolio than Mathematica's specialized policy research focus.
• Booz Allen Hamilton: Booz Allen Hamilton is a large management and technology consulting firm with a substantial federal health and civilian practice spanning analytics, AI/ML, and digital transformation. Broad incumbent overlapping Mathematica on federal health, human services, and CMS contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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

Frequently asked questions about Mathematica