Results

Huron Consulting Group Inc.

07/29/2021 | Press release | Distributed by Public on 07/29/2021 15:42

SEGMENT OPERATING DATA (Form 8-K)

SEGMENT OPERATING DATA
(Unaudited)
Year Ended Quarter Ended Year Ended Quarter Ended Six Months Ended
Dec. 31, 2019 Mar. 31, 2020 Jun. 30, 2020 Sep. 30, 2020 Dec. 31, 2020 Dec. 31, 2020 Mar. 31, 2021 Jun. 30, 2021 Jun. 30, 2021
Number of billable consultants (at period end) (1):
Healthcare 890 892 855 838 820 820 821 779 779
Business Advisory 930 916 943 1,001 1,051 1,051 1,107 1,093 1,093
Education 756 791 780 790 737 737 726 746 746
Total 2,576 2,599 2,578 2,629 2,608 2,608 2,654 2,618 2,618
Average number of billable consultants (for the period) (1):
Healthcare 849 897 876 844 834 863 822 798 808
Business Advisory 892 920 925 976 1,028 962 1,080 1,094 1,087
Education 686 778 787 772 764 775 731 736 734
Total 2,427 2,595 2,588 2,592 2,626 2,600 2,633 2,628 2,629
Billable consultant utilization rate (2):
Healthcare 79.4 % 71.6 % 67.6 % 71.4 % 65.1 % 69.0 % 67.9 % 75.7 % 71.7 %
Business Advisory 72.5 % 71.5 % 75.8 % 72.6 % 71.6 % 72.4 % 68.7 % 70.4 % 69.5 %
Education 76.8 % 76.2 % 73.4 % 66.5 % 66.1 % 70.3 % 70.1 % 75.2 % 72.7 %
Total 76.1 % 72.9 % 72.4 % 70.4 % 68.0 % 70.7 % 68.8 % 73.3 % 71.1 %
Billable consultant average billing rate per hour (3):
Healthcare $ 229 $ 215 $ 208 $ 232 $ 261 $ 227 $ 213 $ 251 $ 233
Business Advisory $ 201 $ 198 $ 201 $ 186 $ 189 $ 195 $ 203 $ 185 $ 194
Education $ 199 $ 188 $ 191 $ 184 $ 179 $ 187 $ 174 $ 189 $ 182
Total $ 211 $ 200 $ 200 $ 200 $ 206 $ 202 $ 198 $ 206 $ 202
Revenue per billable consultant (in thousands):
Healthcare $ 328 $ 69 $ 63 $ 71 $ 69 $ 272 $ 63 $ 84 $ 147
Business Advisory $ 273 $ 67 $ 73 $ 64 $ 60 $ 264 $ 63 $ 60 $ 125
Education $ 285 $ 69 $ 68 $ 57 $ 53 $ 247 $ 59 $ 67 $ 125
Total $ 296 $ 68 $ 68 $ 64 $ 61 $ 262 $ 62 $ 69 $ 132


Year Ended Quarter Ended Year Ended Quarter Ended Six Months Ended
Dec. 31, 2019 Mar. 31, 2020 Jun. 30, 2020 Sep. 30, 2020 Dec. 31, 2020 Dec. 31, 2020 Mar. 31, 2021 Jun. 30, 2021 Jun. 30, 2021
Average number of full-time equivalents (for the period) (4):
Healthcare 230 187 186 191 183 187 149 162 158
Business Advisory 14 20 25 35 40 30 34 55 45
Education 47 60 60 46 40 52 36 40 38
Total 291 267 271 272 263 269 219 257 241
Revenue per full-time equivalent (in thousands):
Healthcare $ 504 $ 139 $ 123 $ 110 $ 110 $ 481 $ 136 $ 127 $ 257
Business Advisory $ 655 $ 149 $ 128 $ 106 $ 94 $ 455 $ 89 $ 88 $ 176
Education $ 617 $ 144 $ 147 $ 165 $ 170 $ 618 $ 227 $ 214 $ 441
Total $ 530 $ 141 $ 129 $ 119 $ 117 $ 504 $ 143 $ 132 $ 271
Healthcare Managed Services Employees(5)(6):
Total revenues (in thousands) $ 4,453 $ 7,784 $ 7,285 $ 6,423 $ 7,171 $ 28,663 $ 7,748 $ 14,049 $ 21,797
Average number of Healthcare Managed Services employees (for the period) 14 91 94 88 92 91 109 431 270

(1)Consists of our consulting professionals who provide consulting services and generate revenues based on the number of hours worked.
(2)Utilization rate for our billable consultants is calculated by dividing the number of hours our billable consultants worked on client assignments during a period by the total available working hours for these consultants during the same period, assuming a forty-hour work week, less paid holidays and vacation days.
(3)Average billing rate per hour for our billable consultants is calculated by dividing revenues for a period by the number of hours worked on client assignments during the same period.
(4)Consists of coaches and their support staff within our Culture and Organizational Excellence solution, consultants who work variable schedules as needed by our clients, and full-time employees who provide software support and maintenance services to our clients.
(5)Consists of employees who manage and provide revenue cycle billing, collections, insurance verification and change integrity services to our healthcare clients.
(6)Operating data for the year ended December 31, 2019 includes the results of the Healthcare Managed Services solution since its inception in the fourth quarter of 2019.