Top 10 HealthTech companies leading the charge in revolutionizing healthcare

New technologies, modalities and the shift to preventative, value-based care are transforming the healthcare industry. With change moving so fast, staying on top of regulatory, engineering, and market considerations can be immensely challenging for legacy businesses and startups. 

Fortunately, HealthTech consultancies play a vital role throughout the ecosystem to help facilitate all aspects of the product life cycle. From implementing electronic health record systems to developing mobile apps for telemedicine, these consultancies enable healthcare organizations to leverage technology to improve patient care, reduce costs and drive efficiency.

Here are the top 10 HealthTech companies supporting digital transformation, innovation and growth in the HealthTech and healthcare industry:

1. Star: end-to-end innovation support 

Star is an end-to-end innovation consultancy. Their Healthcare Technology Consulting Practice supports companies at every stage, from FDA and EU regulatory consulting and product strategy through design, development, post-market support and evolution. With their global scale, they help clients worldwide bring compliant, safe and effective HealthTech solutions to market. Star works with a wide range of clients including legacy brands, enterprises, startups and scaleups. 

2. Accenture: large scale consulting projects 

Accenture is often ranked among the best HealthTech companies. The global professional services firm that helps organizations to navigate the digital world and improve their performance. Accenture has helped clients implement electronic health record systems in the healthcare industry, develop mobile apps for telemedicine and optimize supply chains. While not often the best fit for startups, they do have a portfolio of top institutional clients. 

3. Deloitte: creating comprehensive solutions 

Deloitte is a multinational professional services firm that provides consulting, audit, and advisory services. Deloitte's Life Science and Healthcare Services focus on implementing digital health solutions, optimizing operations and transforming business models.

4. EY: strong regulatory focus

EY helps organizations solve financial and regulatory challenges in HealthTech by providing assurance, consulting, and strategy and transaction services. EY focuses on major healthcare system clients to implement electronic health record systems, develop telemedicine solutions and enable organizational change management.

5. KPMG: leader in accounting and financial consulting 

KPMG is a global leader in audit, tax, and advisory services. They have the largest and most experienced healthcare and life science due diligence team in the US. KPMG provides healthcare organizations with integrated advice across the full life cycle of risk and regulatory change.

6. McKinsey & Company: top digital consulting 

McKinsey is the oldest consulting firm in the world working with a broad array of organizations to solve their most complex problems. McKinsey has become a leading advocate for digital health solutions and works with larger businesses to advise on solutions that make care more accessible and affordable for people worldwide. 

7. PwC: strong advisory solutions focused on revenue growth 

PwC provides audit, tax and advisory services to a wide range of industries. They help healthcare organizations to implement electronic health record systems and other digital health solutions to improve patient care, reduce costs and drive efficiency. This includes optimizing operations, consulting on regulatory compliance and providing strategic consulting to help organizations achieve long-term goals. 

8. Bain & Company: business strategy and M&A 

Bain works with hospitals, health systems, payers, and other healthcare organizations to help them solve complex business challenges and achieve their strategic goals. One of their top strengths is evaluating potential acquisition targets, assessing the potential impact of acquisitions on businesses and supporting the integration of acquired companies. They are also starting to grow their capabilities in IT support for HealthTech companies to offer more end-to-end support for their clients. 

9. Boston Consulting Group (BCG): change management and new growth

BCG helps healthcare organizations develop and implement strategies that address market disruption, regulatory changes, and technological advancements. Another of their strengths is organization and change management, where they support designing and implementing organizational structures and processes. Their strengths are supporting business growth and assisting with managing change initiatives.

10. Oliver Wyman: risk management and operational support 

Oliver Wyman is a global management consulting firm that helps organizations to achieve their potential by providing consulting, risk management, and operational services. While Oliver Wyman focuses less on the product side, they are highly regarded for their work at the system, national and international levels.

These top 10 Healthcare technology consultancies are helping to drive digital transformation across the healthcare industry. Whether you're a new entrant or a 150-year-old name brand, they can provide you with the expertise, resources and IT services for HealthTech companies to design groundbreaking healthcare solutions.