Impact Advisors LLC

Impact Advisors LLC

Brothers Andy and Peter Smith launched Impact Advisors in Naperville, Illinois in 2007, structuring the firm as a privately held consultancy focused exclusively on healthcare. The firm serves hospitals, health systems, and academic medical centers, addressing clinical transformation, revenue cycle optimization, and digital health strategy. It has grown through organic expansion rather than acquisition, adding an office in Chicago alongside its original suburban headquarters. Impact Advisors deploys its bench across the full healthcare IT stack: electronic health record implementation and optimization, data and analytics, cybersecurity, interoperability, and enterprise resource planning. It maintains alliances with major vendors including Epic, Cerner, and Meditech, and has managed large-scale implementations at academic medical centers and regional health systems. The firm also advises on value-based care transition and patient engagement technology. The firm is owned by its partners and reports roughly 1,000 professionals across its offices. It has been recognized repeatedly by consulting-industry rankings as a top workplace, and its governance remains concentrated with the founding partners. In recent years it has expanded advisory work in digital front door, virtual care, and AI-enabled clinical workflows. Impact Advisors operates without any private equity or venture backing — a structure that lets it take multi-year engagements without the short-horizon pressure common in sponsor-backed consultancies. That partnership model also means client advisory teams are staffed by principals with equity in the outcome, not by associates on a rotation.