The healthcare landscape has never been more complex, and healthcare clients' consulting needs never more demanding.  To help hospitals, healthcare providers and health plans (insurers) combat their ever-changing and complicated business needs and succeed in accomplishing their quadruple aim goals, we recognized that healthcare management consultants must be be able to deliver deep capabilities across multiple disciplines using innovative models in a nimble manner. 

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Like other industries, healthcare needs strong alternatives to existing consulting providers.  Consulting providers that charge high prices for premium quality of work and top talent are no longer a compelling option for organizations that are already struggling with rapidly rising cost and expenses.  Conversely, healthcare organizations cannot afford to risk using cheaper consulting providers that compromise on quality and talent to keep their rates low. 

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Patient safety, experience and satisfaction are no longer an option. CMS (The Center of Medicare and Medicaid Services) demands it. And increasingly sophisticated, educated and digital-savvy consumers (patients) do as well.  Moreover, increasingly high rates of physician dissatisfaction are also a big driver for modernized, digitized and efficient operations.  As regulatory compliance penalties rise, non-compliance for quality metrics such as adverse effect and readmission rates will further compound healthcare organizations wars' as would rising labor costs, demand for expensive capital investments to upgrade infrastructure and facilities.  Lastly, board of directors will be increasingly impatient with increased expenses, erosion of margins and stagnated growth and declining revenues or reimbursements.  As healthcare organizations face a multitude of challenges, using external and consulting assistance is not a nice to have but a must-have, to supplement capabilities and capacity. While the choices for consulting assistance are great for large hospital networks and health plans like Trinity Health, Kaiser Permanente, NY Presbyterian, Aetna, Humana and the likes, the choices are limited for smaller provider networks and local organizations.

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Particularly hardest hit are healthcare providers and smaller health plans that are non-profit or have less than $2B to $3B in revenues. The reason is that larger consulting firms don't like to admit that these smaller organizations do not fit their ideal client profile because they have less dollars to spend, are price-sensitive and therefore, less lucrative as clients. Most consulting firms are driven by the need to produce high margins to either please shareholders and / or compensate their partners generously.

 

Driven by different sets of values and backed by an innovative business model and partnership structure, Arete Advisors (arete) and Versatile MED Analytics, both founded by minority and women entrepreneurs sought to combine forces to do things differently to make world-class quality and a full-suite of best-in-class consulting services accessible to smaller healthcare organizations. Deeply passionate about making a positive difference in the healthcare industry, the two firms created the joint venture firm, 
      , with a mission to bring you
Tier-1 consulting talent to the table and the ability to integrate multi-disciplinary capabilities to deliver Tier-1 like quality solutions, at revolutionary prices.  Our goal is to help SMB healthcare organizations drive value without incurring exorbitant consulting fees to accomplish their quadruple aim goals. From strategy to implementation, data analytics, change management, risk management to clinical operational efficiency and new technology adoption advice, our goal is to serve as your one-stop-shop trusted management consulting advisor to address your critical business needs and seize high-value impact opportunities - to stay current with constant change in the healthcare market.