Impact Advisors

Impact Advisors

Healthcare-focused management consulting and IT implementation

Overview

Impact Advisors focuses on healthcare, providing strategic advisory, operational improvement, and technology implementation services to healthcare providers such as hospitals and physician groups. It helps clients with business strategy, revenue cycle, clinical processes, labor optimization, and IT planning, and handles the selection and deployment of systems like EHRs and ERP, including Epic work. The firm differentiates itself through deep healthcare domain expertise, the founders’ extensive industry experience, and a track record of Best in KLAS awards, plus a strategic partnership with Chicago Pacific Founders. Its goal is to improve efficiency, patient care, and financial performance by aligning strategy, processes, and technology toward value-based care.

Significant Headcount Growth

About Impact Advisors

Simplify's Rating
Why Impact Advisors is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Healthcare

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Naperville, Illinois

Founded

2007

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Simplify's Take

What believers are saying

  • Headcount reached about 930 in March 2026, up 45% from 2023.
  • Impact Advisors won 2026 Best Overall Healthcare Management Consulting and two category awards.
  • The firm added 104 active 2026 job postings, signaling continued demand and hiring.

What critics are saying

  • Epic ecosystem concentration exposes revenue if Tapestry and payer implementations slow in 2027.
  • Integrating Canopii into 930 employees risks culture dilution and delivery misses by 2026.
  • Consulting commoditization from Chartis and Optimum Healthcare IT pressures margins and retention now.

What makes Impact Advisors unique

  • Impact Advisors holds 19 consecutive years of Best in KLAS recognition through 2026.
  • Its 2026 Canopii acquisition adds Epic payer, revenue cycle, and managed services depth.
  • It combines provider strategy with payer and payvider execution across healthcare operations.

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Benefits

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

21%

1 year growth

21%

2 year growth

24%
PR Newswire
Aug 11th, 2026
Impact Advisors named to 2026 Inc. 5000 list for eighth time.

Impact Advisors named to 2026 Inc. 5000 list for eighth time. Chartwell Agency Aug 11, 2026, 14:30 ET Leading healthcare consulting firm recognized among America's fastest-growing private companies CHICAGO, Aug. 11, 2026 /PRNewswire-PRWeb/ - Impact Advisors, a leading healthcare management consulting firm, today announced it has been named to the 2026 Inc. 5000, the annual list of the nation's fastest-growing private companies. This marks the eighth time the firm has earned a place on the prestigious list, recognizing sustained growth driven by its commitment to helping healthcare organizations navigate complex challenges and improve care delivery. The Inc. 5000 recognizes the most successful independent and entrepreneurial businesses in America based on percentage revenue growth over the past three years. "Earning a place on the Inc. 5000 reflects the trust our clients place in us and the extraordinary work of our people," said Pete Smith, co-founder and managing partner of Impact Advisors. "We have grown by listening closely to our clients and evolving alongside them, while staying true to the culture and values that have guided us from the beginning. As healthcare continues to change, we are investing in new capabilities, technologies and delivery models, including our expansion in Mexico, so we can work smarter, deliver differently and bring the full strength of Impact Advisors to every client engagement." Impact Advisors has continued to expand its services and capabilities to meet the changing needs of healthcare organizations nationwide. The firm's growth reflects its deep expertise across strategy, artificial intelligence, workforce, cybersecurity, revenue cycle, managed services, and other critical areas that enable providers to improve operational performance, enhance the patient experience, and strengthen financial sustainability. "Every company on the Inc. 5000 has a story of perseverance, smart decision making, and a refusal to sit still," said Mike Hofman, editor-in-chief of Inc. "Their growth reflects more than strong financial performance. It reflects creativity, resilience, and the customer focus required to build companies that make a lasting impact. We congratulate all honorees on this significant achievement." The complete results of the 2026 Inc. 5000 can be found at www.inc.com/inc5000. About Impact Advisors Impact Advisors is a leading healthcare management consulting firm offering a comprehensive suite of technology-enabled performance improvement solutions that deliver measurable and sustainable value for clients. Its commitment to excellence has earned Best in KLAS(R) recognition for 19 consecutiveyears, and its distinctive culture has been named a "Best Place to Work" by Modern Healthcare for 17 years. Learn more at www.impact-advisors.com. Media Contact SOURCE Chartwell Agency

Impact Advisors
Jul 23rd, 2026
Impact Advisors recognized in Consulting Magazine's 2026 "Best Midsized Firms to Work For" List.

Impact Advisors recognized in Consulting Magazine's 2026 "Best Midsized Firms to Work For" List. * Impact Advisors Seventeenth appearance for the firm since 2009. Impact Advisors has been recognized as one of Consulting Magazine's 2026 "Best Midsized Firms to Work For." This marks the 17th time Impact Advisors has earned a place on the publication's prestigious annual list since 2009. "Being named one of Consulting Magazine's Best Firms to Work For is especially meaningful because the recognition is based on feedback from our own consultants," said Andy Smith, co-founder and managing partner of Impact Advisors. "For 19 years, we have remained committed to building a firm where talented people feel supported, valued and empowered to do their best work. That commitment strengthens our company and enables us to deliver the exceptional service and results our healthcare clients deserve." Consulting Magazine's annual rankings are determined through an employee satisfaction survey completed by consultants at participating firms. Firms are evaluated across six categories: culture, career development, work-life balance, client engagement, compensation and benefits, and firm leadership. Since its founding in 2007, Impact Advisors has made its people and culture central to the firm's success. Its dedicated Happy team supports associates through ongoing "Happy Checks," health and wellness activities, team celebrations, and programs designed to strengthen connections across the organization. Associates also benefit from unlimited paid time off and individual coaching to support their personal and professional development. The firm brings associates together each year for Impact Palooza, a company-wide gathering focused on professional development, collaboration, recognition, and celebrating the accomplishments of Impact Advisors' team members, who are known internally as "Winners." "Our culture is shaped every day by the people who work here and the way we support one another," said Michael Nutter, vice president and Happyologist at Impact Advisors. "This recognition tells us our Winners continue to feel the sense of connection, purpose and belonging we continue to sustain for our Impact Advisors team. We are grateful for their honest feedback and proud that, even as Impact Advisors continues to grow, taking care of our people remains at the heart of who we are." Impact Advisors' workplace culture has also earned recognition from Modern Healthcare's Best Places to Work in Healthcare, Inc. magazine's Best Workplaces, and other leading workplace and consulting industry organizations. Impact Advisors will be honored during Consulting Magazine's Best Firms to Work For awards ceremony on September 17, 2026, at The Midland Chicago in Chicago.

PR Newswire
Jun 22nd, 2026
Andy Smith and Pete Smith of Impact Advisors named EY US Entrepreneur Of The Year(R) 2026 Midwest Award winners.

Andy Smith and Pete Smith of Impact Advisors named EY US Entrepreneur Of The Year(R) 2026 Midwest Award winners. Impact Advisors Jun 22, 2026, 10:00 ET Entrepreneurial Leadership and a People-First Culture Drive Recognition CHICAGO, June 22, 2026 /PRNewswire-PRWeb/ - Andy Smith and Pete Smith, co-founders and managing partners of Impact Advisors, were named EY US Entrepreneur Of The Year(R) 2026 Midwest Award winners. Andy and Pete were selected among 65 program participants in the Midwest, including 30 finalists competing for the title. Founded in 2007, Impact Advisors is a leading full-service healthcare management consulting firm that helps healthcare provider and payer organizations improve patient access, care quality, and operational performance through technology-enabled transformation. Under Andy and Pete's leadership, the firm has grown to more than 1,700 employees, serves more than 600 healthcare clients nationwide, and generates approximately $340 million in annual revenue. The company has earned 35 Best in KLAS distinctions and has been recognized repeatedly as a best workplace by Modern Healthcare, Forbes, and Consulting Magazine. "We are incredibly honored to receive this recognition from EY," said Andy Smith, co-founder and managing partner of Impact Advisors. "This award reflects the dedication, expertise, and passion of our entire team. Since founding Impact Advisors, our focus has been on building a people-first culture that empowers our consultants to help healthcare organizations navigate change and improve outcomes for the communities they serve." Pete Smith, co-founder and managing partner of Impact Advisors, added, "As healthcare continues to evolve, we remain committed to expanding our capabilities, investing in innovation, and delivering measurable value for our clients. We are grateful to EY for recognizing our entrepreneurial journey and the impact our team continues to make across the healthcare industry." Now in its 41st year, the Entrepreneur Of The Year program honors business leaders for their ingenuity, courage and entrepreneurial spirit. It celebrates original founders who bootstrapped their business from inception or raised outside capital to grow their company, transformational CEOs who infused innovation into an existing organization to catapult its trajectory and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future. Regional winners were chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment, and significant growth and impact. As Midwest award winners, Andy Smith and Pete Smith will now be considered by the national judges for the Entrepreneur Of The Year 2026 National Awards, which will be presented in November at the annual Strategic Growth Forum(R), where high-growth CEOs, Fortune 1000 executives and investors converge to shape the future of business. The National Overall Award winner will move on to compete for the EY World Entrepreneur Of The Year(TM) Award in May 2027. Impact Advisors Impact Advisors is a leading healthcare management consulting firm offering a comprehensive suite of technology-enabled performance improvement solutions that deliver measurable and sustainable value for clients. Its commitment to excellence has earned Best in KLAS(R) recognition for 19 consecutive years, and its distinctive culture has been named a "Best Place to Work" by Modern Healthcare for 17 years. Learn more at www.impact-advisors.com. Media Contact SOURCE Impact Advisors

Impact Advisors
May 27th, 2026
Impact Advisors named to Inc.'s 2026 Best Workplaces list for sixth consecutive year.

Impact Advisors named to Inc.'s 2026 Best Workplaces list for sixth consecutive year. * Impact Advisors Impact Advisors today announced it has been named to Inc.'s 2026 Best Workplaces list for the sixth consecutive year. Inc.'s Best Workplaces program recognizes organizations that prioritize employee well-being, foster meaningful workplace cultures, and create environments where employees can thrive professionally and personally. The selection process includes a comprehensive employee survey conducted by Quantum Workplace that measures workplace experiences, benefits, management effectiveness, professional development, and overall company culture. "At Impact Advisors, we believe our people are our greatest strength. We remain committed to creating an environment where collaboration, innovation, professional growth, and personal well-being are valued every day," said Andy Smith, managing partner and co-founder of Impact Advisors. Since its founding in 2007, Impact Advisors has focused on building and sustaining an exceptional company culture. The firm's unlimited PTO supports work-life balance, and each associate is paired with a coach for professional development. A dedicated Happiness team fosters a positive workplace through ongoing "Happy Checks" with the team, health and wellness events, a book club, and the annual Pet Supermodel Contest. "Being recognized by Inc. for the sixth consecutive year is a tremendous honor and a reflection of the culture our team has worked hard to build and sustain," said Michael Nutter, vice president and Happyologist at Impact Advisors. Impact Advisors adds this latest recognition to a growing list of honors, including being named Best in KLAS(R) for 19 years, designated a Modern Healthcare Best Place to Work for 17 years, and a Consulting Magazine Best Firm to Work for 16 years.

PR Newswire
May 21st, 2026
Andy and Pete Smith of Impact Advisors named entrepreneurs Of The year(r) 2026 Midwest finalist by EY US.

Andy and Pete Smith of Impact Advisors named entrepreneurs Of The year(r) 2026 Midwest finalist by EY US. Impact Advisors May 21, 2026, 09:00 ET EY US Celebrates Ambitious Entrepreneurs Shaping the Future of Business CHICAGO, May 21, 2026 /PRNewswire-PRWeb/ - Andy and Pete Smith, co-founders and managing partners of Impact Advisors, have been named as finalists for the Entrepreneur Of The Year 2026 Midwest Award by Ernst & Young LLP (EY US). Now in its 41st year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world's most ground-breaking companies, revolutionizing industries and uplifting communities. The program honors entrepreneurs whose innovations drive economic growth and help shape the future of business. An independent panel of judges selected Andy and Pete Smith among 37 finalists from 30 companies based on their entrepreneurial spirit, purpose, company growth and lasting impact in building long-term value. Founded in 2007, Impact Advisors is a leading full-service healthcare management consulting firm. The firm offers a broad portfolio of services to help healthcare provider and payer organizations improve patient access, care quality, and operational performance through technology-enabled transformation. "This recognition reflects how far Impact Advisors has evolved over the years to meet the changing needs of the healthcare industry. We've continued to expand our capabilities, deepen our expertise, and invest in innovative services that help our clients navigate complex transformation initiatives with confidence," stated Pete Smith, co-founder and managing partner of Impact Advisors. "We're incredibly honored to be recognized by EY as finalists for Entrepreneur Of The Year. From the very beginning, we believed that if we built a people-first culture centered on trust, collaboration, and purpose, the business success would follow," shared Andy Smith, co-founder and managing partner. "We have team members who show up every day committed to making a difference for our clients and for each other." Under their leadership, Impact Advisors has experienced significant expansion - growing to more than 1,700 employees, supporting over 600 healthcare clients nationwide, and achieving approximately $340 million in annual revenue. The firm has earned 35 Best in KLAS distinctions, reflecting sustained excellence in healthcare outcomes and delivery and consistently earned "Best Workplace" Awards from Modern Healthcare, Inc., Forbes, and Consulting Magazine. Regional award winners will be announced on June 11 during a special celebration in Chicago and will become lifetime members of an esteemed community of Entrepreneur Of The Year alumni from around the world. The national judges will then consider the winners for the Entrepreneur Of The Year National Awards, which will be presented in November at the annual Strategic Growth Forum(R), where high-growth CEOs, Fortune 1000 executives and investors converge to shape the future of business. About Impact Advisors Impact Advisors is a leading healthcare management consulting firm offering a comprehensive suite of technology-enabled performance improvement solutions that deliver measurable and sustainable value for clients. Its commitment to excellence has earned Best in KLAS(R) recognition for 19 consecutive Media Contact SOURCE Impact Advisors

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