Loren Trimble, CEO & Managing Director, AArete

#26.  AArete

REVENUE GROWTH: 14.93%

Headquarters: Chicago

Number of Billable Consultants: 420

Client Industries Served: Health Care, Financial Services, Public Sector, Education, Retail

Consulting Service Lines: Strategic Profitability Improvement, Digital & Technology Solutions, Advisory Services

Website URL: www.aarete.com

AArete is a global management and technology consulting firm specializing in strategic profitability improvement, digital transformation and advisory solutions. Our cross-industry solutions are powered through modern technology, market intelligence and data-driven strategies to drive purposeful change and actionable outcomes. We work across all industries and business functions to optimize profits.

Consulting: What were the main factors that contributed to your firm's exceptional growth?

Trimble: Strong demand for AArete's Strategic Profitability Improvement and Digital & Technology solutions in both the health care and financial services sectors continue to fuel firm growth. AArete is the leader in the health care payer sector and has served more than 120 health plans, including nine of the top ten plans in the U.S. AArete also works with many of the world's largest financial institutions.

Consulting: How would you say you've managed to maintain growth during the unprecedented past three years?

Trimble: During these unprecedented times, from navigating the pandemic to the current inflationary economy, AArete's strategic profitability improvement, cost reduction, operational efficiency, and digital transformation have proven essential to clients.

AArete's commitment to innovation in Data & Analytics and Digital & Technology solutions has driven our growth. We increasingly advise global clients on technology strategy and develop and implement solutions in cybersecurity, systems integration and migration support, and digital customer experience.

Our team has also stayed true to our Guiding Principles which include Excellence, Passion and Loyalty to Clients. Our clients value what makes AArete unique. We bring market intelligence and data-driven strategies to every project, and we help implement.

Consulting: How is this year shaping up for your firm?

Trimble: AArete will see continued year-over-year revenue growth in 2022.

Consulting: How would you describe your firm's outlook for 2023? Where do you see the most opportunities?

Trimble: Our firm outlook for 2023 is bullish. We are seeing strong 2023 demand for AArete health care payer consulting services including cost management and revenue optimization, network solutions, quality improvement and member satisfaction, and operational improvement and health care tech. As the pandemic ends, health plans are more focused than ever on medical cost management, improving member experience and modernizing operations.

Consulting: What would you say are your firm's biggest challenges in 2023?

Trimble: AArete will continue to invest in innovation, digital & technology solutions, and new products, to help our clients around the world navigate business transformation. As a firm, we are committed to constant innovation and creating best practices to inform our clients.

Consulting: What does being named one of Consulting's Fastest Growing Firms mean to your firm, your employees and your clients?

Trimble: AArete was founded 14 years ago to redefine consulting and it's been an exciting growth journey! As an employee-owned firm, every AArete team member takes pride in delivering with excellence and driving impact for clients. We are thankful to our clients for their trust, as they look to AArete to help address their most complex business performance challenges.

Thank you for recognizing AArete. We are honored!

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