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We have four sub-practices within healthcare:
+ Pharma
+ Medtech
+ Payer / Provider (ie, insurance companies and hospitals)
+ Health Systems (eg, CMS)
I’ve mostly worked in #3. I’m on the General Consulting track so I’m not “married” to the healthcare practice, but it is my favorite. Note: those with lots of healthcare experience might also be interested in the Expert track on the healthcare side. We also have a Knowledge Team that helps support consulting teams ad hoc.
I expect to make Project Leader (our manager rank) in ~12 months. That will mean 2 years as a Consultant total.
Here are some examples of projects I’ve worked on:
+ Data & analytics organization during a payer PMI
+ Applications of advanced analytics for a payer
+ Pro-bono strategy case for a prominent women’s health nonprofit— we were helping them with their 5 year strategy
+ Digital asset strategy for a prominent hospital system
(I do a lot in the intersection of health and tech, but that is because that is where my interest is. It’s a rare specialty!)
I also know we do lots of the following:
+ Pharma strategy and pricing
+ Medtech strategy, including growth strategies, pricing, org cases, and supply chain efficiency
+ M&A management
Hope this helps!
Everyone I know who has gone there leaves after 1.5-2.0 years Lack of team and culture isn’t supportive of growth, development and collaboration.
BCG1 do you have a burner??
Am in BCG HCPA and love it! What questions do you have?
BCG1, I’m your peer at another firm. If I applied to BCG, would you recommend applying for a generalist role or expert/specific to healthcare role? Have done exclusively provider/ payer work for last year and was non-health care before mba
Want to start with questions here? I’ve made burners before but am very bad at checking them
what types of projects? what is an example of an assignment you had to do as part of the project (e.g. a piece of work you worked on consistently for at least a few days)? what is travel like? opportunities for advancement?
Hi SC2! It depends on what you’re looking for. If you are sure you want to stay in payer / provider, then expert track is probably the way to go!
Otherwise you’ll be eligible for all projects and may get pulled into stuff that is not your desired area. There’s a lot of nuance to this decision though, and if you’re considering applying— which you should! We are hiring in droves right now— then it would probably be helpful to get to chat with someone on the expert track. What I understand though is:
+ Up or out system on the generalist side; for ECT there is a “perform or out” system that allows people to stay in role longer than 2 years
+ Different comp structure... although I understand that both sides are highly competitive and come with great benefits!
+ Different career progression mechanisms— on generalist side we have a Partner / Principal group that makes all the decisions; on ECT is is similarly formalized but I think it is run differently