Partners Healthcare Group

What Partners Healthcare Group does

Partners Healthcare Group (PHG), founded in 1995 and headquartered in Franklin, Tennessee, is a privately held, women-owned professional services firm that exclusively serves U.S. healthcare clients. The company delivers a portfolio of consulting and managed services to over 400 health systems, independent hospitals, ambulatory surgery centers, specialty clinics, and physician groups across 46 states. Core offerings include Medical Equipment Planning (full lifecycle from conceptual design through procurement and installation), Inventory & Reconciliation (self-funding projects that identify and eliminate ghost assets, reducing property tax exposure), Hospital Accounting Services (HFMA-certified staff- and controller-level accounting), Fair Market Valuations (ASA/CVA-certified appraisal for transactions and lease schedules), and Turnkey FF&E Services. The firm also operates Medix as a wholly-owned subsidiary acquired in August 2023, adding specialized equipment planning capabilities for ambulatory surgery centers and specialty clinics.

The technology stack is process-driven rather than software-platform-driven: standardized barcode tagging, structured data collection, ledger reconciliation, and CPA/CVA-certified reporting backed by HFMA-credentialed accountants. There is no public-facing API, SDK, mobile app, or AI/ML component disclosed in the source material. Revenue mechanics are project-based and scope-driven, sized by dollar thresholds, bed count, and facility count. The Inventory & Reconciliation stream is structured to be self-funding within the first year through ghost-asset elimination and property tax savings, creating immediate ROI for the buyer. Hospital Accounting is delivered on a multi-year managed services cadence, while equipment planning and valuations are professional services engagements priced per project.

PHG goes to market through direct enterprise field sales, with representatives engaging healthcare CFOs, CEOs, facility managers, and project management teams. The company supports lead generation and brand awareness through a blog covering asset management, healthcare finance, and equipment procurement topics, alongside organic social presence on LinkedIn, Facebook, Twitter, and Google. All services are delivered directly by PHG teams with no reseller or distributor channels. The company completed a $2.7M funding round in 2011, acquired Willowbrook Health Systems in October 2014, and acquired Medix in August 2023 to extend its ASC and specialty clinic footprint.

Name

Partners Healthcare Group

Legal name

Partners Healthcare Group

Website

https://phgworks.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Partners Healthcare Group is a women-owned, healthcare-exclusive professional services firm founded in 1995 in Franklin, Tennessee, providing medical equipment planning, asset inventory and reconciliation, hospital accounting, and fair market valuation services to over 400 hospitals, ASCs, and physician groups across 46 states.

Ownership category

akta.pro rank

Product category

Healthcare Consulting and Asset Management Services

NAICS

Offices of All Other Health Practitioners (62139)

SIC

Services-Health Services (8000), Services-Misc Health & Allied Services, Nec (8090)

akta.pro primary industry

Provider Network, Credentialing & Contracting Support (BPAAAFAI)

akta.pro secondary industries

Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO), Hospital-Owned Physician Networks & Medical Groups (HLAFAAAL), Healthcare & Medical Office Brokerage (BPAJABAF), Patient Financial Engagement (Estimates, Billing Presentment, Payments) (HLACAEAI)

Keywords

• Medical equipment planning
• Asset reconciliation services
• Hospital accounting
• Fair market valuation
• Healthcare FF&E procurement

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Medical Equipment Planning Services: Professional services for medical equipment planning including design, procurement, and installation management for healthcare construction projects. Revenue generated through project-based consulting fees.
2. Inventory and Reconciliation Services: Self-funded asset inventory and reconciliation projects that generate savings through ghost asset elimination and property tax reduction. Projects focus on finding self-funding opportunities within the first year.
3. Hospital Accounting Services: Staff-level and controller-level accounting services provided on an ongoing basis to healthcare organizations. Includes initial review, ledger optimization, and monthly/year-end process management.
4. Fair Market Valuation Services: Third-party valuation reports for healthcare transactions, lease schedules, and asset appraisals. Provided by ASA/CVA certified professionals for regulatory compliance.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Partners Healthcare Group provides healthcare-exclusive professional services including medical equipment planning (MEP), self-funded inventory and reconciliation, hospital accounting services, ASA/CVA-certified fair market valuations, and turnkey FF&E procurement and installation for health systems, hospitals, ASCs, non-acute facilities, and physician groups across the United States.

Product overview

Partners Healthcare Group (PHG) is a women-owned healthcare services company offering a portfolio of professional consulting services for medical equipment and facility management. The core offerings include Medical Equipment Planning (MEP), Inventory & Reconciliation, Hospital Accounting Services, Fair Market Valuations, and Turnkey Services. These services are delivered as standalone consulting engagements or as an integrated suite, with Medix (acquired in 2023) providing specialized equipment planning for ambulatory surgery centers and specialty clinics. The company serves over 400 health systems, hospitals, ASCs, and physician groups across 46 states.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Equipment Planning (MEP) Comprehensive medical equipment planning services for healthcare construction and renovation projects, spanning conceptual design, design development, construction administration, procurement, and installation/close-out support. Designed for health systems, hospitals, ASCs, and specialty facilities.
• Inventory & Reconciliation Self-funded projects that identify and eliminate ghost assets, reduce property taxes, verify internal controls, and support M&A transactions through opening balance sheets and asset schedules for healthcare organizations.
• Hospital Accounting Services HFMA Certified Accounting team providing initial review, ledger optimization, and ongoing controller and staff-level accounting functions including month/year-end processes and audit support for healthcare organizations.
• Fair Market Valuations ASA/CVA certified valuation analysts provide fair market value reports for real property, lease schedules, and transaction/opening balance sheets for buying or selling healthcare facilities.
• Turnkey Services Single-source solution for all Furniture, Fixtures and Equipment (FF&E) needs including design, procurement, installation, transition/relocation management, and asset disposition services for healthcare facilities.

Quantifiable outcome

• 19% average reduction in ghost assets translating to property tax savings
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• MedixcoreStrategic or Co-development Partner · 1 August 2023Medix, a leading provider of equipment planning solutions for ambulatory surgery centers and specialty clinics, joined Partners Healthcare Group in August 2023. The acquisition brought together Medix's expertise in over 400 free standing ASC and specialty facility projects with PHG's comprehensive services. The collaboration aims to provide streamlined equipment planning and asset management processes, enhanced efficiency, cost savings, and improved patient care for healthcare systems, hospitals, ASCs, free standing emergency rooms, physician offices/clinics, and post-acute specialty care facilities.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Vizient: Vizient is the largest GPO serving US hospitals and health systems, providing supply chain, procurement, and performance improvement services. It overlaps with PHG in hospital procurement and equipment planning support, but operates at vastly greater scale and with a broader service portfolio.
• Stantec: Stantec is a global engineering, architecture, and consulting firm with a dedicated healthcare practice that includes medical equipment planning for hospital construction projects. It is a competitor to PHG's Medical Equipment Planning service, especially on large new-build hospital engagements.
• JLL Healthcare: JLL's healthcare division provides real estate, facility, and capital project advisory services to hospitals and health systems, including equipment planning and project management. It competes with PHG's project management and turnkey services on larger enterprise hospital engagements.
• HealthTrust (HCA subsidiary): HealthTrust is a large healthcare GPO serving hospitals, ASCs, and physician practices with procurement and supply chain services. It is comparable to PHG in providing cost-savings procurement solutions for hospitals but operates as part of HCA at much larger scale.
• Premier Inc. Premier is a major healthcare GPO and performance improvement company serving hospitals and health systems. Like Vizient, it competes with PHG in the procurement and capital planning support space but with a much wider data and consulting footprint.

Direct peers

• Kaufman Hall: Kaufman Hall provides healthcare-specific financial consulting, M&A advisory, and capital planning services to hospitals and health systems. It competes most directly with PHG's Fair Market Valuation and hospital accounting service lines.
• Hammes Partners: Hammes is a healthcare-focused real estate and facility consulting firm that provides equipment planning, facility development, and operational consulting to hospitals and health systems. It is one of the closest direct competitors to PHG's Medical Equipment Planning and turnkey services.
• VMG Health: VMG Health is a national valuation and transaction advisory firm dedicated exclusively to healthcare. It is a head-to-head competitor to PHG's Fair Market Valuation practice, particularly for healthcare transactions, lease schedules, and ASC deals.

Emerging players

• The Bloom Organization: The Bloom Organization is a healthcare-focused business advisory and valuation firm serving hospitals, medical groups, and surgery centers. It is comparable to PHG's Fair Market Value and ASC transaction practice, particularly for physician/Hospital transactions.
• Wipfli LLP: Wipfli is a top-30 US accounting and consulting firm with a dedicated healthcare practice providing outsourced accounting, valuation, and advisory services. It overlaps with PHG's hospital accounting and FMV offerings but from a broader accounting-firm base rather than a healthcare-only focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/phgworks
• Facebookfacebook.com/PartnersHealthcareGroup
• LinkedInlinkedin.com/company/2602377

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

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

M&A1 record

Investments1 record

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

Frequently asked questions about Partners Healthcare Group