Program areas at The Medical Device Innovation Consortium
National evaluation system for health technology coordinating center:the national evaluation system for health technology (nest) is an initiative of mdic which serves as a catalyst in establishing functional and efficient pathways for key stakeholders to generate lower-cost, nearer real-time real-world evidence (rwe) of sufficient quality for regulatory, coverage, patient, and clinical decision-making. By solving The challenges that have slowed Medical Device Innovation, delayed The detection of safety signals, and created inefficiencies, nestcc could improve patients' timely access to safe Medical devices and their quality of life.
Health economics and patient value:mdic's value-based healthcare projects are developed to improve The industry's ability to include patient perspectives in The development, pre-market approval, and post-market evaluation of Medical devices and support a more predictable pathway in reimbursement decisions under federal health care programs.
Clinical science and technology:mdic's focus on clinical science is The development of tools and methods to drive efficiencies (time and resources), quality, and a predictable path in data collection and evidence development. The organization's clinical science program aim to improve diagnostic testing and product development by supporting manufactures in obtaining credible clinical evidence, and The facilitation of first-in-world patient access to safe and effective new technologies of significant health importance.
Who funds The Medical Device Innovation Consortium
Grants from foundations and other nonprofits
Personnel at The Medical Device Innovation Consortium
Name | Title | Compensation | Date of data |
---|
Andrew Fish | President and Chief Executive Officer | $338,005 | 2023-11-14 |
Kara Onorato | Chief Financial Officer | $222,748 | 2022-12-31 |
Todd West | Vice President Development and Membership | $173,800 | 2022-12-31 |
Jon Hunt | Vice President , Clinical Science and Technology | $335,392 | 2021-12-31 |
Joseph Sapiente | Vice President of Clinical Science and Technology | $245,255 | 2022-12-31 |
...and 9 more key personnel |
Financials for The Medical Device Innovation Consortium
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $10,002,314 | $16,657,002 | -40% |
Program services | $1,688,525 | $235,825 | 616% |
Investment income and dividends | $12,404 | $14,543 | -14.7% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-992,334 | $0 | -999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $786 | -100% |
Total revenues | $10,710,909 | $16,908,156 | -36.7% |
Organizations like The Medical Device Innovation Consortium
Organization | Type | Location | Revenue |
---|
Decentralized Trials & Research Alliance | 501(c)(3) | San Diego, CA | $3,203,466 |
International Society for Pharmacoeconomics and Outcomes Research (ISPOR) | 501(c)(3) | Lawrenceville, NJ | $14,593,000 |
American Society for Pharmacology and Experimental Therapeutics | 501(c)(3) | Rockville, MD | $4,463,274 |
The Society for Investigative Dermatology | 501(c)(3) | Cleveland, OH | $4,053,620 |
United States Energy Association (USEA) | 501(c)(3) | Washington, DC | $13,291,221 |
Society for Mining Metallurgy and Exploration | 501(c)(3) | Englewood, CO | $12,383,418 |
ITS America | 501(c)(3) | Washington, DC | $3,514,009 |
University Industry Demonstration Partnership | 501(c)(3) | Columbia, SC | $3,179,324 |
Institute for Advanced Clinical Trials for Children | 501(c)(3) | Rockville, MD | $3,274,066 |
District of Columbia Primary Care Association | 501(c)(3) | Washington, DC | $7,272,240 |
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 6 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsMedical research organizationsCharities
Issues
HealthScience and technologyBusiness and industry
Characteristics
MembershipsConducts researchReceives government fundingTax deductible donations
General information
- Address
- 1655 N FT Myer Dr 12th Floor
- Arlington, VA 22209
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Website URL
- mdic.org/Â
- Phone
- (202) 868-1600
IRS details
- EIN
- 46-1465348
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2012
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- H90: Medical Specialty Research
- NAICS code, primary
- 813910: Trade Associations
- Parent/child status
- Independent
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