Profile: Huron Consulting Group Inc (HURN.OQ)
Huron Consulting Group Inc., incorporated on March 19, 2002, is an operational and financial consulting services provider. The Company offers services in finance, operations, strategy, analytics, and technology to provide its clients with specialized analyses and advice and solutions that address each client’s particular challenges. The Company operates through five segments: Huron Healthcare, Huron Legal, Huron Education and Life Sciences, Huron Business Advisory and All Other. The Company provides consulting services to a variety of both financially sound and distressed organizations, including healthcare organizations, academic institutions, companies, governmental entities, and law firms.
The Company’s Huron Healthcare segment provides consulting services to national and regional hospitals and integrated health systems, academic medical centers, community hospitals, and physician practices. The Company delivers solutions to its clients to address challenges in the healthcare environment. Huron Healthcare segment’s primary service lines include Clinical solutions, Revenue solutions, Expense solutions, Advisory solutions and Technology solutions. The Company’s Clinical solutions focus on optimizing clinical performance. The Company helps clients in clinical operations and resource management processes across inpatient, perioperative, emergency, and outpatient settings. The Company’s Physician solutions, a specialized area of Clinical solutions, help clients with their physician group. The Company’s Revenue solutions are designed to optimize performance and deliver sustainable revenue cycle improvement. The Company works with its clients to improve clinical documentation so that it reflects the severity of illness, complexity of care, and resources consumed.
The Company’s Expense solutions provide a systematic approach to help clients reduce workforce expense by addressing such areas as productivity, benefits, and compensation practices, and lead management through a process designed to assess current workforce performance, identify improvement opportunities, and implement solutions. The Company’s Advisory solutions provide strategic input to help governing boards and executive leadership establish the empirical basis for evaluating multiple options and setting priorities needed to establish clinical, financial, and mission sustainability. The Company helps clients establish operational and data-enabled revenue transition, clinical transformation, scale and integration improvements. The Company’s Technology solutions help its clients optimize investments in clinical, financial and support systems. The Company offers solutions in implementing and optimizing Epic software, IT Strategy, and PeopleSoft technology.
The Company’s Huron Legal segment provides advisory and business services to assist law departments of global corporations and their associated law firms with cost and risk reduction, organizational design and development, and operational efficiency. The Company focuses on strategic and management consulting, cost management, and information governance, including matter management, records management, contract management, document review, and discovery services. Huron Legal segment’s primary service lines include Discovery Services, Law Department Management and Information Governance/Compliance. The Company works with corporations and law firms to provide solutions to enhance their discovery process management. The Company provides an array of digital evidence and discovery services that include discovery process execution, electronic discovery services, computer forensics, data management, document processing, advanced analytics, and document review. With its Integrated Analytics offering, it provides an e-discovery process. The Company also helps clients choose and implement technology solutions that improve law department operations, including litigation preparedness and litigation holds.
The Company’s legal advisory practice helps in-house law departments enhance the legal services. The Company also help clients select, customize, and implement matter management systems and electronic billing systems that help law departments track and manage lawsuits and other legal matters. The Company works with corporations to provide a comprehensive approach to the design, development, and implementation of all aspects of enterprise-wide records and information management programs. The Company offers contract creation application, K-CREATE.
Huron Education and Life Sciences
The Company’s Huron Education and Life Sciences segment provides management consulting services and software solutions to the higher education, academic medical center, pharmaceutical and medical device, and research industries. The Huron Education and Life Sciences segment’s primary service lines include Higher Education, Life Sciences and Technology. The Company assists institutions of higher education develop and implement performance improvement solutions. The Company offers a range of services to the business functions supporting colleges and universities, academic medical centers, research institutions, and international organizations. Its primary service areas include budgeting, enrollment management, facilities, finance, human resources, information technology, procurement, research administration, and student services.
The Company’s Life Sciences practice provides strategic, financial, and operational compliance solutions to global, mid-sized and newly formed pharmaceutical and medical device companies. Its solutions help pharmaceutical and medical device companies offer services, such as scenario planning, organizational capability alignment, operational compliance and litigation support, and business model evolution. The Company’s technology professionals provide services in enterprise systems planning, design and implementation, enterprise performance management, business intelligence, IT strategy, and governance and research software products and implementation services.
Huron Business Advisory
The Company’s Huron Business Advisory segment provides services to the C-suite of middle market and organizations, lending institutions, law firms, investment banks, and private equity firms. The Company assists clients in a range of industries. Huron Business Advisory segment’s primary service lines include Business Advisory, and Enterprise Performance Management and Analytics. The Company’s Business Advisory practice resolves business issues and enhances value through a suite of services, including forensic investigations, transaction advisory, restructuring and turnaround, interim management, capital raising, operational improvement, and valuation. The Company’s Enterprise Performance Management and Analytics practice delivers solutions that enable organizations to manage and optimize their financial performance, and client experience. The Company offers full-service enterprise performance management (EPM), business analytics, customer relationship management (CRM), and big data professional services. The Company’s offerings include organizational improvements and software consulting using both cloud and on-premise configurations.
All Other segment consists of any line of business not managed by its other four operating segments. These businesses include its public sector consulting practice and its foreign healthcare and strategic consulting operations -based in the Middle East.
Huron Consulting Group Inc
550 W van Buren St
CHICAGO IL 60607-3827