What Tripp Umbach does

Tripp Umbach is a privately held, U.S.-based management consulting firm founded in 1990 by Paul Umbach in Pittsburgh, Pennsylvania, operating at the intersection of healthcare, higher education, and economic development. The firm delivers a portfolio of advisory services including Community Health Needs Assessments (CHNA), Economic Impact Studies using IMPLAN input-output modeling, Graduate Medical Education (GME) and workforce planning, Medical and Health Science Education Feasibility Studies, Strategic Planning, Market & Feasibility Studies, and Regional Transformation Services. Tripp Umbach pioneered the nation's first higher-education economic impact study and introduced the CHNA methodology that subsequently became the IRS-mandated national standard.

The firm's underlying methodology centers on rigorous economic modeling (IMPLAN) combined with primary research, stakeholder engagement, and feasibility analysis to quantify the direct, indirect, and induced effects of hospitals, universities, and regional initiatives on state and local economies. Deliverables feed compliance, accreditation, legislative advocacy, and capital planning decisions for institutional clients. The firm's go-to-market is consultative, enterprise B2B field sales targeting C-suite and institutional decision-makers at hospitals, health systems, universities, state systems, and economic development agencies.

Tripp Umbach generates revenue through professional services engagements priced on a custom, scope-based quote model, typically structured as multi-year contracts with institutional clients. The firm employs 11-50 people (with 9 named team members including senior principals and consultants) and has completed thousands of projects generating over $100 billion in documented economic impact for clients over its nearly 40-year history. Customer base spans hundreds of institutions nationally; notable clients include University of Wisconsin-Madison, Virginia Tech, Kansas City University, LSU Health Shreveport, TGen, West Virginia University, and Lake Charles Memorial Health System. The firm is privately held by its founders with no disclosed institutional investment, no parent company, and no acquisition activity.

Name

Tripp Umbach

Legal name

Tripp Umbach

Website

https://trippumbach.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Tripp Umbach is a privately held U.S. consulting firm founded in 1990 that delivers economic impact studies, community health needs assessments, feasibility analyses, and strategic planning to hospitals, universities, and economic development organizations nationwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Erie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Consulting Services: Tripp Umbach generates revenue through professional consulting engagements with healthcare systems, higher education institutions, and economic development organizations. Services include economic impact studies, feasibility analyses, strategic planning, community health needs assessments, and implementation planning. Projects are billed as professional services engagements with fees based on scope and complexity.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Tripp Umbach is a national consulting firm that delivers Economic Impact Studies, Community Health Needs Assessments (CHNA), Medical and Health Science Education Feasibility Studies, Market & Feasibility Studies, Strategic Planning, Implementation Planning, Graduate Medical Education Planning, and Regional Transformation Services to hospitals and health systems, colleges and universities, state systems, and economic development agencies. Engagements are scoped as custom professional services projects that translate data and stakeholder input into actionable strategies, with work often spanning multi-year horizons.

Product overview

Tripp Umbach is a nationally recognized consulting firm that offers a unified portfolio of advisory services across three sectors: healthcare, higher education, and economic development. The core service offerings include Community Health Needs Assessments (CHNA), Economic Impact Studies, Implementation Planning, Strategic Planning, Graduate Medical Education Planning, Medical and Health Science Education Feasibility Studies, Market & Feasibility Studies, and Regional Transformation Services. These consulting services work together to help clients transform ideas into actionable strategies—clients engage Tripp Umbach for initial feasibility assessment, commission economic impact analysis to demonstrate value, and then partner on implementation planning and strategic execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Health Needs Assessments (CHNA) Helping hospitals and health systems meet IRS and regulatory requirements while engaging communities to improve health outcomes.
• Economic Impact Studies Quantifying the contribution of colleges, universities, hospitals, and organizations to their regional and state economies, providing data that supports investment, growth, and policy decisions.
• Graduate Medical Education Planning Assisting hospitals and regional partners in expanding workforce programs to strengthen the healthcare talent pipeline and address physician shortages.
• Implementation Planning Guiding healthcare institutions and communities as they expand workforce programs to address shortages and retain talent, translating strategies into actionable steps across healthcare and economic development engagements.
• Strategic Planning Supporting the development of new initiatives that align with institutional missions and regional priorities, ensuring growth that strengthens both institutions and communities.
• Medical and Health Science Education Feasibility Studies Assessing the readiness, resources, and support required to establish new medical, nursing, and health science programs, providing strategic direction for implementation and long-term success.
• Market & Feasibility Studies Providing the research and analysis needed to evaluate new projects and infrastructure investments, ensuring decisions are grounded in market potential and community priorities.
• Regional Transformation Services Coordinating large-scale initiatives across health, education, bioscience, agriculture, and tourism to build collaboration, attract partners, and advance regional development.

Quantifiable outcome

• $100 billion+ in impact generated through consulting engagements
• +3 more outcomes

Named customers14 records

Segments4 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

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• ECG Management Consultants: ECG specializes in healthcare and higher education strategy and management consulting — including graduate medical education planning and academic medical center advisory — overlapping directly with Tripp Umbach's GME and feasibility work.
• The Lewin Group: Part of Optum, Lewin delivers health economics and policy research, including economic impact and feasibility studies for hospitals, health systems, and government — comparable to Tripp Umbach's healthcare economic analysis practice.
• Kaufman Hall: Kaufman Hall provides healthcare-focused strategic, financial, and capital planning advisory to hospitals and health systems, often intersecting with Tripp Umbach on economic impact and feasibility engagements for healthcare clients.
• Huron Consulting Group: Huron is a large public consulting firm with deep higher education and healthcare practices (strategy, operations, technology) that directly competes with Tripp Umbach for institutional strategic planning, feasibility, and economic impact engagements.
• BerryDunn: BerryDunn runs a dedicated healthcare consulting practice that performs Community Health Needs Assessments and feasibility studies for hospitals and health systems, serving the same compliance-driven buyer as Tripp Umbach.
• Camoin Associates: Camoin Associates performs economic impact analyses, workforce development studies, and feasibility research using IMPLAN and similar tools for economic development organizations and institutions — the same buyer profile Tripp Umbach serves.
• Avalanche Consulting: Avalanche Consulting is a niche firm focused on economic impact studies, feasibility analyses, and strategic planning for universities and healthcare organizations, competing head-to-head with Tripp Umbach's core economic impact methodology.

Regional players

• Stroudwater Associates: Stroudwater focuses on healthcare strategy, feasibility, and operational consulting for rural and community hospitals — adjacent to Tripp Umbach's healthcare economic impact and feasibility work but with a narrower rural/community critical access lens.

Broad incumbents

• Guidehouse: Guidehouse (formerly Navigant) has a sizable healthcare and public sector consulting practice that pursues hospital strategy, CHNAs, and workforce advisory work overlapping with Tripp Umbach's healthcare and state systems segments.
• Baker Tilly US: Baker Tilly is a large professional services firm with healthcare, higher education, and economic development consulting capabilities; it competes in adjacent engagements to Tripp Umbach while offering a much broader advisory portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/trippumbach
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• Facebookfacebook.com/TrippUmbach

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Tripp Umbach