HMA

What HMA does

Healthcare Management Advisors (HMA) is a privately held professional services and consulting firm headquartered at 790 Holiday Drive, Foster Plaza Building XI, Pittsburgh, Pennsylvania. Founded in 1979 and led by CEO Kevin Miko, the firm delivers an integrated suite of services spanning medical billing and credentialing, healthcare practice consulting, tax and financial management, accounting, payroll, retirement plans, estate planning, and practice transaction advisory (buy/sell/start). Its primary customers are physicians, dentists, and small healthcare practices, with secondary service to other small businesses and individuals.

HMA's core operating model is end-to-end practice workflow support: the firm handles claims processing, revenue cycle management, provider credentialing, tax preparation, bookkeeping, operational consulting, and the financial/legal aspects of practice transactions, functioning as an outsourced back office so that practitioners can focus on patient care. Its underlying technology stack is minimal — the firm describes itself as a consulting practice rather than a technology company, and its public web presence is a standard Squarespace marketing site. Service delivery is direct, consultative, and customized to each client engagement rather than productized or platform-based.

HMA generates revenue through professional services fees (consulting, tax, accounting, practice advisory) and likely transaction-based or percentage-of-collections fees for medical billing. Pricing is quote-based and not publicly disclosed. The firm acquires clients through direct sales engagement, professional referrals, and its website, and reports serving clients across multiple states and a diverse range of healthcare specialties. There are no disclosed funding rounds, M&A activity, or external investors; ownership appears to be founder/management-held.

Name

HMA

Legal name

Healthcare Management Advisors

Website

https://hmapgh.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Healthcare Management Advisors is a Pittsburgh-based consulting firm founded in 1979 that delivers medical billing, credentialing, tax, accounting, and practice management services to physicians, dentists, and small businesses across multiple states.

Ownership category

akta.pro rank

Headquarters

HQ city

Pittsburgh

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, Infrastructure

Revenue model

1. Healthcare Practice Consulting: Consulting fees for practice management, operational optimization, and strategic advisory services for healthcare practices.
2. Tax Services: Tax preparation and advisory services for physicians, private practices, small businesses, and individuals.
3. Medical Billing Services: Claims processing and revenue cycle management, likely on a percentage of collections or per-claim basis.
4. Financial Management & Accounting: Bookkeeping, financial statement analysis, and ongoing accounting services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Healthcare Management Advisors provides specialized professional services for physicians, dentists, and healthcare practice owners, including medical billing, credentialing, healthcare practice consulting, and tax and financial management. The firm supports practices across the full business lifecycle, from start-up through acquisition or sale, along with retirement plans, payroll, estate planning, and practice-related software support. Services are delivered directly by HMA staff based in Pittsburgh, Pennsylvania.

Product overview

HMA offers a comprehensive suite of integrated consulting and practice management services rather than a single unified product. The core offering comprises four interconnected service lines: Healthcare Practice Consulting (operational efficiency optimization), Tax & Financial Management (financial analysis and tax services), Medical Billing & Credentialing Services (claims processing and provider credentialing), and Buy/Sell/Start a Practice (transaction advisory). These services work together as end-to-end solutions covering the entire medical practice workflow, enabling physicians to focus on patient care while HMA handles the business complexities.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax & Financial Management

Named customers3 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• AAPC: Large, established organization offering medical coding, billing, auditing, and practice management education and services. Overlaps with HMA's medical billing and credentialing offerings at greater scale.
• R1 RCM: Large-scale revenue cycle management company serving hospitals and physician groups. Comparable to HMA's medical billing services but at substantially greater scale and technology intensity.
• NextGen Healthcare: EHR and practice management platform with integrated billing and population health tools. Competes in adjacent territory to HMA via technology-enabled practice management.
• Tebra (Kareo): Cloud-based practice management and medical billing platform targeting independent practices. Direct competitive overlap with HMA's billing and practice management services via a software-led model.
• Athenahealth: Major cloud-based EHR and practice management platform serving physician practices with integrated billing, credentialing, and revenue cycle tools. Competes with HMA in the medical billing/practice management space via technology.

Direct peers

• HealthCare Appraisers: Healthcare-focused consulting and valuation firm serving medical practices and physician groups. Comparable to HMA in serving the healthcare practice vertical with consulting and financial services.
• ECG Management Consultants: Healthcare consulting firm providing strategy, operations, and financial advisory to medical practices and hospitals. Comparable to HMA in delivering consulting and practice management services.
• The Coker Group: Healthcare consulting firm focused on physician practice management, transaction advisory, and operational consulting. Direct overlap with HMA's 'Buy, Sell, Start a Practice' service line.
• Stroudwater Associates: Healthcare consulting firm specializing in practice management, operations, and financial performance for medical practices and health systems. Closely aligned with HMA's consulting and practice management focus.
• PMMC (Practice Management Medical Consultants): Healthcare consulting and revenue cycle management firm serving hospitals and physician practices. Directly comparable to HMA in providing billing, consulting, and practice management services to medical providers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 HMA