Advent Advisory Group
Advent Advisory Group is a healthcare compliance audit and data validation firm serving Medicare Advantage plans, health systems, pharmacies, and providers. As one of four URAC-approved vendors and a CMS-recognized DVC, the firm audits reporting data covering tens of millions of lives.
- Company typePrivate
- Founded2007
- HeadquartersAstoria, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Advent Advisory Group does
Advent Advisory Group LLC is a private healthcare compliance audit and data validation firm founded in 2007 by Liz Everitt and Jean Vertefeuille and headquartered in Northport, NY. The firm serves organizations subject to CMS, NCQA, and URAC oversight — primarily Medicare Advantage Organizations and Part D plans, hospital and academic medical center systems, specialty and retail pharmacies, and provider organizations participating in the Integrated Healthcare Association's Align. Measure. Perform. (AMP) program — with engagements covering tens of millions of covered lives.
The firm's service portfolio spans the major U.S. healthcare quality and compliance regimes: HEDIS Compliance Audits (NCQA-licensed), Medicare Part C and D Data Validation (CMS-recognized Data Validation Contractor since 2011), URAC Pharmacy Measure Validation (one of only four URAC-approved vendors), AMP audit reviews, Electronic Clinical Data Validation, Clinical Registry Data Validation, CMS Program Audit Support, and Long Term Services and Supports audits. The technical stack is process-driven rather than platform-driven: a proprietary "Signature Process" methodology, secure client web portals hosted on SSAE16 Type II / SOC 2 infrastructure, and the Universe Scrubber, a self-service subscription tool for clients to validate universes against the latest CMS guidance. The firm holds HITRUST CSF certification and is HIPAA-compliant with no reported breach.
Commercially, Advent operates as a boutique professional services firm with direct enterprise sales, RFP/proposal engagement, and multi-year quote-based contracts. The firm was acquired in May 2026 by Alerion Advisors, a strategic platform consolidated under private equity sponsors Centre Partners and Health Enterprise Partners (HEP) alongside sister companies Toney Healthcare and Rebellis Group; Jason Montrie was appointed CEO of the Alerion platform.
Advent Advisory Group firmographics
Firmographics- Name
- Advent Advisory Group
- Legal name
- Advent Advisory Group LLC
- Website
- https://adventadvisorygroup.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Advent Advisory Group is a healthcare compliance audit and data validation firm serving Medicare Advantage plans, health systems, pharmacies, and providers. As one of four URAC-approved vendors and a CMS-recognized DVC, the firm audits reporting data covering tens of millions of lives.
- Ownership category
- akta.pro rank
Where Advent Advisory Group is headquartered
LocationHeadquarters
- HQ city
- Astoria
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Advent Advisory Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- HEDIS Compliance Audit Services: NCQA-licensed audit organization providing HEDIS Compliance Audits for health plans. Services include mock audits, deep-dive rate analysis, data gap assessment, supplemental clinical data acquisition, and electronic clinical data validation
- Medicare Part C and D Data Validation: CMS-recognized Data Validation Contractor (DVC) conducting Medicare Part C and D data validation audits. Performs over 35 percent of all Medicare Part C and D data validation audits nationally. Services include pre-assessment consulting, universe validation, and operational readiness reviews
- URAC Pharmacy Measure Validation: One of only four URAC-approved data validation vendors offering pharmacy measure validation, mock audits, pre-audit data analysis, data gap assessment, and rate calculation services. Contracting for 2026 and 2027 audits
- CMS Program Audit Support: End-to-end support for Medicare plans including pre-audit universe validation, mock CMS Program Audits, Independent Auditor Validation, and Universe Scrubber subscription services. Covers ODAG, CDAG, CPE, SNP, MMPCC, FA, SARAG, and UM universes
- Electronic Clinical Data Validation (ECDV): Services helping organizations prepare clinical data files for HEDIS reporting by assessing validity, accuracy, and potential impact before loading data into HEDIS repository or warehouse
- Clinical Registry Data Validation: Independent registry validation review services ensuring clinical data registries contain accurate and complete data through objective third-party assessment
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Customized service packages ranging from HEDIS Compliance Audits, Medicare Part C and D Data Validation, URAC Pharmacy Measure Data Validation, Clinical Registry Data Validation to readiness assessments |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Advent Advisory Group product offering
Product offeringCore offering
Advent Advisory Group is a healthcare compliance audit and consulting firm providing HEDIS Compliance Audits, Medicare Part C and D Data Validation, URAC Pharmacy Measure Validation, Clinical Registry Data Validation, Electronic Clinical Data Validation, AMP Audit Reviews, and CMS Program Audit Support to health plans, hospital systems, and pharmacy organizations. The firm is a CMS-recognized Data Validation Contractor, an NCQA-licensed audit organization, and one of only four URAC-approved validation vendors, and it supplements its consulting engagements with a self-service subscription tool (Universe Scrubber) for ongoing universe validation.
Product overview
Advent Advisory Group is a healthcare compliance audit and consulting firm offering a comprehensive suite of validation and audit services. The portfolio includes HEDIS® Compliance Audit™ and Consulting, Align. Measure. Perform. (AMP) Audit Reviews, Medicare Part C and D Data Validation, URAC Pharmacy Measure Validation, Clinical Registry Data Validation, Electronic Clinical Data Validation (ECDV), and CMS Program Audit Support. These services are delivered as specialized consulting engagements rather than a software platform, with offerings ranging from full audits and pre-assessments to add-on tools like the Universe Scrubber subscription for ongoing compliance validation.
Differentiator
Problem solved
Functional benefit
Products and services
- HEDIS Compliance Audit and Consulting HEDIS Compliance Auditing and consulting services for health plans reporting HEDIS rates to NCQA, including mock audits, rate analysis, data gap assessments, and supplemental clinical data acquisition.
- Align. Measure. Perform. (AMP) Audit Review and Consulting AMP audit services supporting provider networks participating in the Integrated Healthcare Association's Align. Measure. Perform. program, including audit readiness assessments and data gap analysis to maximize incentive payments.
- Medicare Part C and D Data Validation Data validation services for Medicare Advantage Organizations, Special Needs Plans, and Prescription Drug Plans as a CMS-recognized Data Validation Contractor (DVC) since 2011.
- Medicare Part C and D Data Validation Pre-Assessment Consulting Pre-audit consulting services preparing organizations for Medicare Part C and D Data Validation audits through full census review, methodology review, and source data validation.
- URAC Pharmacy Measure Validation and Consulting URAC-approved validation vendor services meeting pharmacy measure data validation requirements for specialty pharmacies, health-system owned pharmacies, university systems, hospital systems, and regional health systems.
- Clinical Registry Data Validation Independent third-party assessment of clinical data registries to ensure validity, accuracy, and completeness for regulatory and non-regulatory clinical data validation needs.
- Electronic Clinical Data Validation (ECDV) Pre-load clinical data file validation for HEDIS reporting, assessing validity, accuracy, and potential impact on HEDIS measures before data integration.
- CMS Program Audit Support End-to-end support for Medicare plans preparing for CMS Program Audits, including pre-audit universe validation, mock audits, independent auditor validation, and oversight for first-tier, downstream, and related entities.
- Universe Scrubber Self-service subscription tool that validates internal and vendor universes to ensure program universes are valid, accurately extracted, and compliant with CMS guidance and protocols.
- Long Term Services and Supports (LTSS) Audit and Consulting Specialized audit and consulting for Long-Term Care organizations and Managed Long-Term Services and Supports plans, including State Medicaid program audits and clinical file reviews.
Quantifiable outcome
- Approves over 600 HEDIS submissions annually with team of 11 Certified HEDIS Compliance Auditors
- +4 more outcomes
Companies that use Advent Advisory Group
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Advent Advisory Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Advent Advisory Group partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Alerion AdvisorscoreAdvent Advisory Group is part of the Alerion Advisors family of companies, which also includes Toney Healthcare (clinical staffing and utilization management) and Rebellis Group (government program compliance and strategy). Alerion Advisors is building an integrated platform bringing together clinical expertise, compliance infrastructure, quality programs, and strategic advisory under one roof. Jason Montrie serves as CEO leading Alerion Advisors and its family of companies including Advent Advisory Group.
- Toney HealthcarecorePart of the Alerion Advisors platform alongside Advent Advisory Group and Rebellis Group. Toney Healthcare provides clinical staffing and utilization management services, complementing Advent's HEDIS auditing and quality programs.
- Rebellis GroupcorePart of the Alerion Advisors platform alongside Advent Advisory Group and Toney Healthcare. Rebellis Group provides government program compliance and strategy services, complementing Advent's HEDIS auditing and quality programs.
Scale indicators8 records
Recent moves5 records
Expansion highlights5 records
Advent Advisory Group competitors and assessment
Company assessmentBroad incumbents
- Gainwell Technologies: Government healthcare technology and services firm (formerly HMS) supporting CMS and state Medicaid programs; competes with Advent on Medicare and Medicaid audit/validation engagements.
- Cotiviti: Payment accuracy and analytics firm serving health plans and PBMs; competes with Advent on Medicare audit support and quality data validation at greater scale across multiple lines of business.
- Inovalon: Healthcare data analytics and quality reporting platform that supports HEDIS computation and Star Ratings for health plans; overlaps with Advent's electronic clinical data validation and HEDIS reporting support.
- Optum (UnitedHealth Group): Largest healthcare analytics and services platform in the US; competes with Advent in HEDIS, risk adjustment, and quality reporting through enterprise-scale payer relationships.
- PwC Healthcare Advisory: Big-4 advisory firm with a large healthcare practice providing HEDIS/Medicare consulting and audit support to payers; competes with Advent on enterprise health plan engagements as a broader-scale incumbent.
- Cognizant (Healthcare/TSMG): Large IT services firm with a healthcare consulting practice that supports HEDIS, Medicare quality reporting, and clinical data management for payers; competes with Advent on enterprise payer engagements as a broader-scale incumbent.
Direct peers
- The Mihalik Group: Healthcare quality consulting firm supporting health plans with HEDIS abstraction, abstraction oversite, and audit-readiness services; overlaps with Advent's HEDIS Compliance Audit and consulting offerings.
- HealthDataInsights (Cotiviti): Performs Medicare RADV audits and payment-integrity audits for CMS and health plans; competes with Advent in Medicare Part C/D data validation and audit support, now part of Cotiviti.
- Attest Health Care Advisors: Healthcare compliance audit and consulting firm offering HEDIS, Medicare data validation, and quality reporting services to health plans; competes head-to-head with Advent in NCQA-licensed HEDIS audits and CMS-related validation engagements.
Emerging players
- Edifecs: Healthcare data interoperability and quality reporting platform that increasingly serves health plans' HEDIS and CMS audit needs; an emerging technology-led competitor to Advent's services-led approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Advent Advisory Group social profiles
Digital presenceAdvent Advisory Group compliance and trust
Trust signalCompliance7 records
Advent Advisory Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Advent Advisory Group leadership team
Management profileNumber of profiles
Profiles2 records
Advent Advisory Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Advent Advisory Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Advent Advisory Group
What does Advent Advisory Group do?
Advent Advisory Group is a healthcare compliance audit and consulting firm providing HEDIS Compliance Audits, Medicare Part C and D Data Validation, URAC Pharmacy Measure Validation, Clinical Registry Data Validation, Electronic Clinical Data Validation, AMP Audit Reviews, and CMS Program Audit Support to health plans, hospital systems, and pharmacy organizations. The firm is a CMS-recognized Data Validation Contractor, an NCQA-licensed audit organization, and one of only four URAC-approved validation vendors, and it supplements its consulting engagements with a self-service subscription tool (Universe Scrubber) for ongoing universe validation.
Is Advent Advisory Group a public or private company?
Advent Advisory Group is a private company. It is classified as private equity controlled and is currently operating.
When was Advent Advisory Group founded?
Advent Advisory Group was founded in 2007. It employs 11 to 50 people.
Where is Advent Advisory Group based?
Advent Advisory Group is headquartered in Astoria, United States, in the North America region.
How does Advent Advisory Group make money?
Six revenue lines are on record. HEDIS Compliance Audit Services are the primary driver. The others are medicare Part C and D Data Validation, URAC Pharmacy Measure Validation, CMS Program Audit Support, electronic Clinical Data Validation (ECDV) and clinical Registry Data Validation.
Who are Advent Advisory Group's main competitors?
Broad incumbents on record are Gainwell Technologies, Cotiviti, Inovalon, Optum (UnitedHealth Group), PwC Healthcare Advisory and Cognizant (Healthcare/TSMG). Direct peers are The Mihalik Group, HealthDataInsights (Cotiviti) and Attest Health Care Advisors. Edifecs is listed as an emerging player.
Does Advent Advisory Group have an API?
No public API is recorded for Advent Advisory Group.