Healthcare administration consulting agency Impression Advisors has acquired First Quadrant Advisory, a technique and operations consulting agency specializing within the healthcare payer market.
Impression Advisors stated the acquisition would permit it to reinforce its mission to enhance the enterprise and supply of healthcare by providing complete, value-driven options to each payer and supplier organizations.
“Bringing the First Quadrant Advisory staff into our fold permits us to additional our development as a full-service, top-tier consulting agency that may assist much more healthcare shoppers clear up their urgent challenges,” stated Sandeep Sabharwal, managing accomplice at Impression Advisors, in a press release. “The tradition that Vijay Murugappan and his staff have developed mirrors what we’ve instilled at Impression Advisors, which is vital to us. We sit up for having them grow to be a part of our firm.”
Impression Advisors was based in 2007 by Andrew and Peter Smith and a handful of colleagues who had labored collectively beforehand as consultants and in government roles at well being supply organizations. In 2019, Impression Advisors entered a strategic partnership with Chicago Pacific Founders (CPF), a licensed WBE (Girls’s Enterprise Enterprise) funding agency centered on healthcare companies and caring for growing old populations.
First Quadrant Advisory affords companies akin to product design, value-based care, cost-of-care enchancment, digital well being, operational effectivity, gross sales and channel optimization, Rx transformation, and core techniques modernization. The agency was acknowledged as a Prime 15 “Finest Small Agency to Work For” by Consulting Journal and established a 501c3 nonprofit enterprise unit, FQA Institute for Social Impression, to design and scale options in help of individuals with substance use dysfunction.
“My staff and I can’t be extra delighted to be a part of Impression Advisors. Collectively, we are actually in a position to assist shoppers by augmenting our present deep payer experience with the size of Impression Advisors’ international capabilities in AI/analytics, know-how modernization, enterprise transformation, and course of automation,” stated Vijay Murugappan, managing accomplice and CEO of First Quadrant Advisory, in a press release. “Moreover, as a portfolio firm of the healthcare non-public fairness agency, Chicago Pacific Founders, we will study from our sister firms’ experiences in site-of-care innovation, international capitation, care coordination and behavioral well being options. Most significantly, becoming a member of one other founder-led firm and observing the nice and cozy and people-centered tradition, I really feel assured that the mixed groups will proceed to collaborate with one another and serve our shoppers in a way they’ve come to count on from us.”
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