Navigant's McKinnis Unit Named Top IT Advisory Service Firm

Navigant Consulting, Inc. (NYSE:NCI) – a specialized, global consulting firm – recently announced that McKinnis Consulting Solutions was awarded the title of a leading provider of Information Technology (IT) Advisory Services by KLAS. McKinnis Consulting Solutions was acquired by Navigant in 2015. As a consulting practice within Navigant Healthcare, McKinnis focuses on implementing and enhancing targeted and proven revenue cycle strategies to provide maximum benefit with measurable and sustainable results.

About KLAS

Based in Utah, KLAS is a Health Informatics research company that assists healthcare providers to make informed technology decisions by offering accurate, honest, and impartial vendor performance information. The company has been collating ratings on healthcare industry software since 1997.

McKinnis’ Credentials

McKinnis’ dedicated focus and ability to deliver results helped it gain high ratings from its clients who were interviewed by KLAS. McKinnis’ clients were highly satisfied by the firm’s ability to deliver significant improvements in metrics reporting and governance.

In today’s value-based environment, healthcare providers face huge challenges to achieve positive margins. The primary goal of McKinnis is to enable its clients’ success not only via insight and advice, but also through ongoing collaboration. Per the KLAS report, McKinnis’ clients stated that the company excels in communicating effectively with client stakeholders and strives to form quality partnerships at every point in time.

Per a market research conducted by Markets and Markets, the global healthcare analytics market is expected to reach $18.7 billion by 2020 from $5.8 billion in 2015, at a CAGR of 26.5% during the forecast period. Navigant is in a position to leverage the immense scope for growth in this industry and boost its top line, going forward.

Opportunities associated with healthcare reform continue to drive demand as the industry seeks expertise to improve profitability and address increasing regulatory pressure for compliance. The demand for data analytics in healthcare across all markets is also growing, given the access to new data as a result of the Affordable Care Act and new technologies. The company is presently developing data analytic tools across multiple groups to meet the growing demand for technology-enabled solutions that can help clients address many of the market challenges.

Founded in 1983 and headquartered in Chicago, Navigant is a provider of specialized consulting services. The company’s staff of seasoned consultants and industry leaders provides litigation support and investigative services, claims management and analysis, corporate finance services, discovery services, government contracting services as well as operations advisory and management process outsourcing services. Navigant primarily focuses on customers in industries undergoing substantial regulatory and structural changes, including construction, energy, financial services and healthcare.

Navigant carries a Zacks Rank #2 (Buy). Some other stocks in the same space worth a glance include Accenture plc (NYSE:ACN) , CBIZ, Inc. (NYSE:CBZ) and CEB Inc. (NYSE:CEB) . All three stocks carry the same Zacks Rank as Navigant.