Overview
What is The Medical Device Innovation Consortium?
The Medical Device Innovation Consortium (MDIC) is a distinguished nonprofit organization situated in Arlington, Virginia. Their primary objective is to accelerate medical device innovation, ensuring a safer, faster, and more cost-effective process for patient benefit. MDIC achieves this through unique collaborations with various partners, working towards transforming healthcare into a more compassionate sector. One of their significant initiatives, the National Evaluation System for Health Technology (NEST), serves as a catalyst for establishing efficient pathways for stakeholders to generate reliable, real-world evidence. By addressing challenges that have hindered medical device innovation and delayed safety signal detection, NEST could potentially improve patients' timely access to safe medical devices and enhance their quality of life. MDIC operates with a workforce of 65 individuals.
Official website here: www.mdic.org
Is The Medical Device Innovation Consortium legitimate?
The Medical Device Innovation Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Medical Device Innovation Consortium submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,006,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,544,063
For more financial information, click here
Official website here: www.mdic.org
What is the mission statement of The Medical Device Innovation Consortium?
The Medical Device Innovation Consortium's mission is to utilize its unique position as a public-private partnership to revolutionize healthcare into a more compassionate field. By collaborating with various partners, MDIC aims to accelerate scientific advancements and facilitate the development of transformative medical technology. This technology is intended to shape a desired world, making it a reality by expediting the process from innovation to safety to accessibility, ultimately benefiting patients. In essence, MDIC's goal is to foster faster, safer, and more cost-effective innovation for patient welfare.
Official website here: www.mdic.org
Who is the CEO of The Medical Device Innovation Consortium?
Andrew Fish is the President And Ceo of The Medical Device Innovation Consortium. The CEO's salary of The Medical Device Innovation Consortium is $338,005 and their total compensation is $365,272.
Official website here: www.mdic.org
What is the revenue of The Medical Device Innovation Consortium?
The Medical Device Innovation Consortium's revenue in 2022 was $10,710,909.
Official website here: www.mdic.org
Who are the executives of The Medical Device Innovation Consortium and what are their salaries?
The average compensation at The Medical Device Innovation Consortium during 2022 was $100,780. There are 65 employees and 27 volunteers at The Medical Device Innovation Consortium.
Here are 36 key members and their salaries (The Medical Device Innovation Consortium's CEO's salary is $338,005 and their total compensation is $365,272):
- Pamela Goldberg (President And Ceo) [Trustee/Director]
- Flora Siami (Senior Vice President, Nes)
- Andrew Fish (President And Ceo) [Trustee/Director]
- Joseph Sapiente (Vice President Of Clinical)
- Lenwood Faulcon (General Counsel & Corporat)
- Jo Carol Hiatt (Vice President, Hepv)
- Kara Onorato (Cfo)
- Jithesh Velichamthotu Veetil (Senior Director, Digital H)
- Richard Smith (Vice President Nestcc)
- Harry Kotlarz (Associate Vice President, Hepv)
- Todd West (Vice President Development And Membership)
- Paul Sumner (Program Director, Cfq)
- Jijo James (Board Chair) [Trustee/Director]
- Nadim Yared (Director)
- Wes Cetnarowski (Director)
- Andrew Cleeland (Director)
- Steve Ferguson (Director)
- Rick Geoffrion (Director)
- Chip Hance (Director)
- Jim Hollingshead (Director)
- Tamara Syrek Jensen (Director)
- Gary Johnson (Director)
- Krishna Kandarpa (Director)
- Samrat Khichi (Director)
- Esther Krofah (Director)
- Richard Kuntz (Director)
- Lucile Blaise (Director)
- Laura Mauri (Director)
- Shacey Petrovic (Director)
- Jody Powell (Director)
- Randy Rutta (Director)
- Peter Saltonstall (Director)
- Kevin Sayer (Director)
- Randall Schiestl (Director)
- Jeffrey Shuren (Director)
- Ami Simunovich (Director)
Official website here: www.mdic.org
Where can I find the form 990 for The Medical Device Innovation Consortium?
The The Medical Device Innovation Consortium’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mdic.org
Learn more at the official website: www.mdic.org
Mission Statement of The Medical Device Innovation Consortium
The Medical Device Innovation Consortium (MDIC) is dedicated to revolutionizing healthcare into a more compassionate field. Employing its unique position as a public-private partnership, MDIC collaborates with various partners to advance scientific discoveries. By doing so, MDIC facilitates the creation of transformational medical technology that has the potential to shape our desired future and make it a reality by expediting the journey from innovation to safety to access. The organization's mission is to accelerate, guarantee safety, and make medical technology innovation more affordable, ultimately benefiting patients.
Impact
This information is meant to be a general summary of The Medical Device Innovation Consortium. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Medical Device Innovation Consortium has had a significant impact on the medical device industry by spearheading initiatives such as the National Evaluation System for Health Technology (NEST). Through NEST, MDIC has facilitated the generation of lower-cost, real-time real-world evidence that is of sufficient quality for regulatory, coverage, patient, and clinical decision-making purposes. This has addressed challenges that previously hindered medical device innovation, expedited the detection of safety signals, and eliminated inefficiencies in the field. As a result, MDIC's efforts have the potential to improve patients' timely access to safe medical devices and enhance their quality of life by promoting faster, safer, and more cost-effective innovation for their benefit.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE CONTRACT
Revenue
$1,232,452
PRODUCT DEVELOPMENT
Revenue
$258,468
MDIC MEETINGS
Revenue
$197,605
Organization Details
Founding Year
2012
Phone
(202) 868-1600
Principal Officer
Andrew Fish
Main Address
1655 N FT MYER DRIVE 12TH FLOOR, ARLINGTON, VA, 22209
Website
www.mdic.org
NTEE Category
Code: H99 - Medical research
If you are a representative of The Medical Device Innovation Consortium and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.