SOURCE: Kennedy Information

Kennedy Information

April 16, 2009 12:18 ET

Healthcare Consulting to Outperform Other Industry Practices

Kennedy Forecasts Healthcare Consulting Growth at 5.3% Through 2012

PETERBOROUGH, NH--(Marketwire - April 16, 2009) - The healthcare industry represents one of the few growth opportunities for consulting firms over the next three years according to consulting market research firm Kennedy Consulting Research & Advisory. As other industry practice areas struggle to remain flat in year-over-year business prospects, healthcare will remain an industry of investment, mitigating some of the effects of the recession on consulting spending.

While disparity exists within each of the four healthcare consulting sub-segments analyzed in Kennedy's research, client consulting spending in Life Sciences, Providers, Payers and Public Health Organizations will remain positive throughout the 2008-2012 forecast period, decelerating only in 2009.

"With the healthcare industry representing a significant and growing opportunity for consultants, firms of all types are expanding their healthcare practices and building up their healthcare industry expertise," said Kelly Matthews, Associate Director of Research for Kennedy. "They are doing so through targeted hires of PhDs, physicians, nurses, and scientists as well as acquisitions of specialty firms."

The findings are a result of Kennedy's ongoing research in its Healthcare "Industry Practices Series" and annual state of the market research, "Healthcare Consulting Marketplace 2009-2012." The new research analyzes key market trends and drivers across the four industry sub-sectors in North America, EMEA, APAC, and Latin America by major consulting service lines (Business Advisory Services, Information Technology, Human Resources, Operational Management and Strategy).

Kennedy analysts identified the strongest consulting firms for each of the four healthcare industry sub-sectors. Leading firms rated in "The Kennedy Vanguard for Life Sciences Consulting Practices" and for the other three sub-sectors analyzed. Only one firm's healthcare consulting practice rated in "The Kennedy Vanguard" across all four healthcare sub-sectors.

Among the healthcare consulting practices Kennedy tracks and analyzed for this report were Accenture, BearingPoint, Booz Allen Hamilton, The Boston Consulting Group, Capgemini, CSC, Deloitte, Huron Consulting Group, IBM Global Services, IMS Health, Ingenix Consulting, KPMG, McKinsey & Company, Navigant Consulting, Quintiles Consulting, PricewaterhouseCoopers and Putnam Associates.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory, a division of Kennedy Information, has been the world's leading source of market analysis on the Management Consulting and IT Consulting industries.

Kennedy provides accurate and reliable market sizing and forecasts for consulting services world-wide, needs analysis and vendor profiling for buyers of consulting services, timely and insightful intelligence on the top consulting firms in their respective markets, and operational benchmarks that measure consulting performance. Kennedy's research spans multiple service areas, client vertical industries, and geographies.

Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.

Kennedy's clientele consists of the most highly regarded professional services firms and Fortune 500 companies in the world.

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