2020 Vault Rankings
- Firm Culture#13
At a Glance
“Collaborative and caring colleagues.”
“Impact of projects.”
“Commitment to professional development.”
“Limited brand recognition.”
“Growing pains and slow promotion.”
“Established but smaller consultancy…”
“Very good, very niche.”
About Health Advances
The professionals at Health Advances consult about one thing and one thing only: health care. Established in 1992, the firm's core belief is that focusing on just one industry allows it to provide clients with greater resources and focused insight. This means that the professionals at HA are not mere consultants, with most having worked within the health care industry at some point in their career.
Holding advanced degrees in medicine, molecular biology, biomedical engineering and many other related sciences, HA consultants are able to advise their Fortune 500 and start-up company clients on areas such as development, clinical trial strategy, marketing, licensing and pricing. But HA also offers advice on corporate-based issues, like mergers, partnering and finances, to a broad range of clients in the biotechnology, diagnostics, medical device, nonprofit and pharmaceutical industries.
Seizing the opportunity for growth
Co-founders Mark Speers and Paula Ness Speers started their firm over twenty five years ago after leaving international management consulting giant Bain & Company. The firm has since built a senior management team of nine additional partners and a solid group of vice presidents, all of whom bring different insights and experience to the table, allowing them to help clients develop marketing ideas for new products, advise on corporate mergers and acquisitions, international ventures and more.
Offering something others can't
HA can offer all of its clients a three-pronged attack, with the ability to provide expertise in analytics, business and health care on every project team. However, where the firm really shines is its knowledge of the latter of these three-health care. That knowledge includes in-depth information about diagnostics and personalized medicine, expertise in specific disease areas, detailed insight into dealing with complex clinical trials and more. Most of all, HA thrives on its ability to predict or anticipate future trends and events in the health care industry over a 10 to 15 year span.
Staying on top of all the information required to monitor and recommend improvements to the health care industry is no small task. To do so, the firm relies on a vast proprietary database of more than 20,000 clinicians, researchers and other industry contacts and experts, including PhDs, MDs, payers, and industry opinion leaders. In addition, the firm maintains a searchable library of treatment methods for diseases, company profiles and licensing deals, all collected from within the industry and maintained since the firm was started. The firm also regularly funds internal research projects to stay on top of relevant issues, such as regulation, reimbursement, disease management, technology, business development and competitive trends.
No. 1 priority
Despite all HA has to offer its clients, the firm believes that its employees have even more to offer to the community. One visit to its website will make it obvious that community service ranks high on its list of priorities. The company organizes one company-wide event per year plus offers staff three additional days per year to volunteer at the charity of their choice. Some of its favorite charities include Cradles to Crayons, Science is Fun!, Horizons for Homeless Children, and Read to a Child. . Meanwhile, Partner and Managing Director Paula Ness Speers serves on the board of the Partners Continuing Care and the Spaulding Rehabilitation Network.
9 Riverside Road
Weston, MA 02493
Phone: (781) 647-3435
Employer Type: Private
Partners: Mark Speers, Paula Ness Speers, Susan Posner, Vivek Mittal, Andrew Funderburk, Sheela Hegde, Donna Hochberg, Andrew Matzkin, Wyatt Gotbetter, Gary Gustavsen, Julia Gaebler
2017 Employees (All Locations): 150
Weston, MA (HQ)
San Francisco, CA
Clinical Development Strategy
Health IT and Digital Health Business Strategy
Health IT M&A Strategy and Due Diligence
Market Assessment & Forecasting
Partnering & Licensing
Reimbursement & Pricing Strategy
Strategic & Business Planning
Valuation & Financial Analysis