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Chartis

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Revision as of 02:15, 11 June 2026 by Mhrifad (talk | contribs)
The Chartis Group
File:Chartis Logo.png
Type Private
Industry Professional services
Headquarters Chicago, Illinois, United States
Area Served United States
Key People Ken Graboys (CEO)
Employees 1,450 (2026)
Website https://www.chartis.com

History

The Chartis Group, LLC, commonly known as Chartis, is a management consulting firm offering services to the healthcare industry.

Chartis was founded in July of 2001 in Chicago by Ken Graboys and Ethan Arnold[1], as a consulting firm focused on providing advisory services to hospitals and health systems. Today, the firm’s client base includes providers, payers, technology innovators, retail companies, and investors.

Acquisitions [subsection]

After operating for years as a traditional healthcare consultancy, in 2014 the firm refined its business model and expanded its service offerings by acquiring Aspen Advisors, IT strategy consulting firm. Several acquisitions followed.

Date Company Type Value Details / Notes
2014 Aspen Advisors[2] Buy-side Undisclosed Merger to build greater IT advisory capabilities.
2015 iVantage Health Analytics[3] Buy-side Undisclosed Expanded Chartis' data analytics and rural health capabilities.
2018 Oncology Solutions[4] Buy-side Undisclosed Deepened Chartis’ oncology and cancer-care advisory capabilities.
2019 The Greeley Company[5] Buy-side Undisclosed Added medical staff and credentialing advisory services to the Chartis portfolio.
2020 Jarrard Inc.[6] Buy-side Undisclosed Brought healthcare communications and change management expertise into the firm.
2022 crankfrog[7] Buy-side Undisclosed Expanded the firm’s ability to serve payer clients.
2022 Just Health Collective[8] Buy-side Undisclosed Brought expertise in health equity and health disparities into the firm.
2023 Chi-Matic[9] Buy-side Undisclosed Increased Chartis’ revenue cycle optimization capabilities.
2024 HealthScape Advisors[10] Buy-side Undisclosed Strengthened Chartis' health plan and payer-side consulting capabilities.
2025 Healthlink Advisors[11] Buy-side Undisclosed Enhanced healthcare technology advisory and implementation services.
2026 Leap AI[12] Buy-side Undisclosed Added artificial intelligence expertise to accelerate healthcare innovation.
2026 PayerAlly[13] Buy-side Undisclosed Added pharmacy benefit management and specialty pharmacy strategy capabilities.

Private equity ownership transitions

Date Investor Type Value Details / Notes
2012 Riordan, Lewis & Haden Equity Partners[14] Sell-side Undisclosed Chartis received a capital raise from RLH Equity, marking its first institutional private equity backing.
2019 Audax Private Equity[15] Sell-side Undisclosed RLH sold Chartis to Audax Private Equity, marking the firm's second private equity partnership.
2024 Blackstone, Inc.[16][17][18][19] Sell-side Undisclosed Audax sold a majority stake in Chartis to Blackstone, one of the world's largest alternative asset managers.

Organization and Services

As of 2026, the firm employed approximately 1,450 professionals working with roughly 1,900 client organizations across the United States.

Chartis provides advisory services to healthcare providers, health plans, and private equity investors[20]. The firm organizes its consulting practice around several transformation domains.[21][22][23][24]

For healthcare providers, Chartis offers services across four primary areas. Strategic transformation services include strategic planning, mergers and acquisitions advisory, academic medical center alignment, value-based care, and oncology advisory services. Performance transformation services encompass clinical and financial performance improvement, revenue cycle transformation, merger integration, care delivery, consumer access, physician enterprise advisory, and clinical quality and reliability. Digital and technology transformation services include health information technology strategy, clinical and business technology innovation, data analytics and architecture, and enterprise cybersecurity.

For health plans and payers, Chartis provides advisory services through its HealthScape Advisors subsidiary, which focuses on payer strategy and operations and pharmacy benefit management strategy, procurement, and optimization.

For private equity investors, the firm offers transaction diligence, platform growth strategy, value optimization, and exit planning services.

Chartis also provides strategic communications and change management services through its Jarrard subsidiary, and medical staff services optimization through its Greeley subsidiary.

Centers and Affiliated Organizations

Chartis has established several affiliated organizations and initiatives.

The Chartis Center for Rural Health was formed in 2015 following Chartis’ acquisition of iVantage Health Analytics, a healthcare analytics firm that developed the Hospital Strength INDEX®. In 2016, the center published its first annual list of Top 100 Rural & Community Hospitals, based on the Hospital Strength INDEX methodology.

The center publishes research and performance analyses related to rural healthcare and collaborates with the National Rural Health Association on annual hospital rankings and performance metrics.[25]

On May 16, 2024, Michael Topchik, executive director of the Chartis Center for Rural Health, testified before the United States Senate Committee on Finance regarding challenges facing rural healthcare providers in the United States.[26][27][28][29]

The Chartis Center for Health Equity and Belonging was established in 2023. The organization focuses on healthcare equity, disparities in care, and related advisory services.

The Chartis Foundation is the firm’s charitable organization and a registered 501(c)(3) nonprofit established in 2006[30]. The foundation provides grants to nonprofit organizations that deliver primary care and related services to underserved populations in the United States.

The foundation administers annual grant programs, including one-time grants and renewable Fellows Program grants.

References

  1. ↑ One On One With The Chartis Group's Ken Graboys
  2. ↑ Aspen Advisors and The Chartis Group Merge to Create Broader Consultancy | HCI Innovation Group
  3. ↑ iVantage acquired by Chicago company | Home | nashvillepost.com
  4. ↑ The Chartis Group Acquires Oncology Solutions
  5. ↑ Keystone Capital has sold The Greeley Company to The Chartis Group, a portfolio company of Audax Private Equity - Lincoln International LLC
  6. ↑ Chicago company acquires health care communications firm | Mergers Acquisitions | nashvillepost.com
  7. ↑ The Chartis Group Acquires crankfrog | PrivSource
  8. ↑ At the Chartis Group’s Just Health Collective, a Firm Commitment to Advancing Health Equity | HCI Innovation Group
  9. ↑ Chartis acquires revenue cycle consultant Chi-Matic - Becker's Hospital Review | Healthcare News & Analysis
  10. ↑ Audax-backed consulting firm Chartis acquires HealthScape Advisors
  11. ↑ Chartis Acquires Healthlink Advisors to Strengthen Healthcare Technology Capabilities - The Consulting Report
  12. ↑ Chartis adds AI expertise to accelerate healthcare innovation | Healthcare IT News
  13. ↑ HealthScape acquires PayerAlly pharmacy consultant - Crain's Chicago Business
  14. ↑ Chartis Group Raises Capital From RLH Equity - WSJ
  15. ↑ The Chartis Group, a portfolio company of Riordan, Lewis & Haden, has been sold to Audax Private Equity - Lincoln International LLC
  16. ↑ Blackstone agrees to buy healthcare advisor Chartis
  17. ↑ Audax Private Equity has sold Chartis to Blackstone - Lincoln International LLC
  18. ↑ Chartis Announces Majority Investment from Blackstone to Advance Mission of Healthcare Transformation | Healthcare IT Today
  19. ↑ Blackstone agrees to buy Chartis from Audax - Crain's Chicago Business
  20. ↑ HigherGov: The Chartis Group Profile
  21. ↑ Chartis Group CEO Ken Graboy talks future under Blackstone - Crain's Chicago Business
  22. ↑ Nation’s leading healthcare advisory firm with an unparalleled breadth of capabilities and depth of experience: The Chartis Group
  23. ↑ The Chartis Group | Company Overview & News - Forbes
  24. ↑ Profile of The Chartis Group | Umbrex
  25. ↑ NRHA's Rural Health Voices Blog | National Rural Health Association - NRHA - NRHA
  26. ↑ [2024-05-16] Download: 05162024 Topchik Testimony | The United States Senate Committee on Finance
  27. ↑ https://www.finance.senate.gov/imo/media/doc/05162024_topchik_testimony.pdf
  28. ↑ Rural hospitals facing low Medicare Advantage pay risk closing - Modern Healthcare
  29. ↑ Senate Report 119-6 - REPORT ON THE ACTIVITIES OF THE COMMITTEE ON FINANCE OF THE UNITED STATES SENATE DURING THE 118th CONGRESS PURSUANT TO Rule XXVI of the Standing Rules OF THE UNITED STATES SENATE
  30. ↑ Chartis Foundation - Nonprofit Explorer - ProPublica