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Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
Segments are defined as components of a company that engage in business activities from which they may earn revenues and incur expenses, and for which separate financial information is available and is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision maker, who is our chief executive officer, manages the business under three operating segments, which are our reportable segments: Healthcare, Education, and Commercial.
•Healthcare
Our Healthcare segment serves acute care providers, including national and regional health systems; academic health systems; community health systems; the federal health system; and public, children’s and critical access hospitals, and non-acute care providers, including physician practices and medical groups; payors; and long-term care or post-acute providers. Our healthcare-focused services and products include financial and operational performance improvement consulting, which spans revenue cycle, cost and care delivery transformation; digital offerings, spanning technology and analytic-related services, including enterprise health record (“EHR”), enterprise resource planning (“ERP”) and enterprise performance management (“EPM”), customer relationship management (“CRM”), data management and technology managed services, and a portfolio of software products; organizational transformation; revenue cycle managed services and outsourcing; financial and capital advisory consulting; and strategy and innovation consulting.
•Education
Our Education segment serves public and private colleges and universities, research institutes and other education-related organizations. Our education and research-focused services and products include our digital offerings, spanning technology and analytic-related services, including student information systems, ERP and EPM, CRM, data management and technology managed services and our Huron Research Suite product suite (the leading software suite designed to facilitate and improve research administration service delivery and compliance); our research-focused consulting and managed services; and our strategy and operations consulting services, which span finance, accounting, operations and philanthropy functions, organization and talent strategy, and student and academic strategy.
•Commercial
Our Commercial segment is focused on serving industries and organizations facing significant disruption and regulatory change by helping them adapt to rapidly changing environments and accelerate business transformation. Our Commercial professionals work primarily with six primary buyers: the chief executive officer, the chief financial officer, the chief strategy officer, the chief human resources officer, the chief operating officer, and organizational advisors, including lenders and law firms. We have a deep focus on serving organizations in the financial services, energy and utilities, industrials and manufacturing industries and the public sector while opportunistically serving commercial industries more broadly, including professional and business services, life sciences, consumer products, and nonprofit. Our Commercial professionals use their deep industry, functional and technical expertise to deliver our digital services and software products, financial advisory (special situation advisory and corporate finance advisory) services, and strategy and innovation consulting services.
Segment operating income consists of the revenues generated by a segment, less operating expenses that are incurred directly by the segment. Unallocated costs include corporate costs related to administrative functions that are performed in a centralized manner that are not attributable to a particular segment. These administrative function costs include corporate office support costs, office facility costs, costs related to accounting and finance, human resources, legal, marketing, information technology, and company-wide business development functions, as well as costs related to overall corporate management. Our chief operating decision maker does not evaluate segments using asset information.
The table below sets forth information about our operating segments for the three and six months ended June 30, 2024 and 2023, along with the items necessary to reconcile the segment information to the totals reported in the accompanying consolidated financial statements.
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Healthcare:
Revenues$190,098 $173,768 $370,840 $322,817 
Operating income$55,246 $49,151 $97,940 $81,406 
Segment operating income as a percentage of segment revenues29.1 %28.3 %26.4 %25.2 %
Education:
Revenues$122,753 $110,694 $234,336 $214,841 
Operating income$30,792 $27,397 $52,748 $50,562 
Segment operating income as a percentage of segment revenues25.1 %24.8 %22.5 %23.5 %
Commercial:
Revenues$58,803 $62,297 $122,439 $126,996 
Operating income$9,015 $10,472 $23,054 $24,539 
Segment operating income as a percentage of segment revenues15.3 %16.8 %18.8 %19.3 %
Total Huron:
Revenues$371,654 $346,759 $727,615 $664,654 
Reimbursable expenses9,363 8,140 16,787 16,630 
Total revenues and reimbursable expenses$381,017 $354,899 $744,402 $681,284 
Segment operating income$95,053 $87,020 $173,742 $156,507 
Items not allocated at the segment level:
Other operating expenses45,626 43,044 96,565 86,665 
Other gains, net(15,917)(623)(14,349)(188)
Restructuring charges
2,047 502 4,280 2,786 
Depreciation and amortization3,894 4,378 7,922 9,094 
Operating income59,403 39,719 79,324 58,150 
Other expense, net(7,308)(4,734)(9,669)(7,318)
Income before taxes$52,095 $34,985 $69,655 $50,832 
The following table illustrates the disaggregation of revenues by our two principal capabilities: i) Consulting and Managed Services and ii) Digital, and includes a reconciliation of the disaggregated revenues to revenues from our three operating segments for the three and six months ended June 30, 2024 and 2023.
Three Months Ended
June 30,		Six Months Ended
June 30,
Revenues by Capability2024202320242023
Healthcare:
Consulting and Managed Services$133,987 $124,944 $258,198 $226,680 
Digital56,111 48,824 112,642 96,137 
Total revenues$190,098 $173,768 $370,840 $322,817 
Education:
Consulting and Managed Services$63,831 $53,426 $118,940 $106,653 
Digital58,922 57,268 115,396 108,188 
Total revenues$122,753 $110,694 $234,336 $214,841 
Commercial:
Consulting and Managed Services$20,521 $18,885 $42,760 $41,116 
Digital38,282 43,412 79,679 85,880 
Total revenues$58,803 $62,297 $122,439 $126,996 
Total Huron:
Consulting and Managed Services$218,339 $197,255 $419,898 $374,449 
Digital153,315 149,504 307,717 290,205 
Total revenues$371,654 $346,759 $727,615 $664,654 
For the three and six months ended June 30, 2024 and 2023, substantially all of our revenues were recognized over time. During the three and six months ended June 30, 2024 and 2023, no single client generated greater than 10% of our consolidated revenues. At June 30, 2024, one client in our Healthcare segment accounted for 13.4% of our combined receivable from clients, net and unbilled services, net balance as a result of outstanding invoices due in the normal course of the contract payment terms. At December 31, 2023, no single client accounted for greater than 10% of our combined balance of receivables from clients, net and unbilled services, net.