Fairbanks was founded in 2004 in the State of Illinois by former principals and staff from Deloitte Consulting LLP as a privately held firm specializing in public sector consulting with a major focus on Medicaid.  Together, principals in the company have over 90 years of public sector management and consulting experience with over 60 years of combined experience related to Medicaid billing.

Fairbanks partners with state and local government agencies to provide strategic, operational, and technology solutions to support Medicaid and other claiming programs as well as the monitoring and program integrity initiatives of the agencies responsible for program oversight.