EIN 46-1465348

The Medical Device Innovation Consortium

IRS 501(c) type
501(c)(3)
Num. employees
53
Year formed
2012
Most recent tax filings
2023-12-01
Description
MDIC advances medical device regulatory science and innovation for patient benefit through public-private partnerships, clinical science, and technology.
Total revenues
$14,899,712
2023
Total expenses
$15,639,936
2023
Total assets
$11,871,420
2023
Num. employees
53
2023

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 real world evidence and 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 healthcare programs.
Science and technology:science and technology's focus involves developing tools and methods to enhance efficiency (in terms of time and resources), quality, design, manufacturing, and a predictable pathway in data collection and evidence development. The organization's clinical science program aims to improve diagnostic testing and product development by supporting manufacturers in obtaining credible clinical evidence patient preferences and facilitating 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
GrantmakerDescriptionAmount
National Philanthropic TrustHealth$1,001,000

Personnel at The Medical Device Innovation Consortium

NameTitleCompensation
Andrew C. FishPresident and Chief Executive Officer$736,875
Kara OnoratoChief Financial Officer$264,891
Joseph SapienteSenior Vice President , Science and Technology$281,520
Todd WestVice President Development and Membership$252,000
LaTara HenryVice President , Human Resources$211,164
...and 16 more key personnel

Financials for The Medical Device Innovation Consortium

RevenuesFYE 12/2023
Total grants, contributions, etc.$9,899,161
Program services$4,974,275
Investment income and dividends$26,276
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,899,712

Form 990s for The Medical Device Innovation Consortium

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-03990View PDF
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-04990View PDF
2019-122021-03-31990View PDF
...and 6 more Form 990s
Data update history
November 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 26, 2024
Updated personnel
Identified 3 new personnel
November 25, 2024
Used new vendors
Identified 2 new vendors, including , and
October 18, 2024
Updated personnel
Identified 20 new personnel
July 14, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Trade associationsBusiness and community development organizationsMedical research organizationsCharities
Issues
HealthScience and technologyBusiness and industry
Characteristics
MembershipsConducts researchReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1655 Fort Myer Dr 12th Floor
Arlington, VA 22209
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Arlington County, VA
Website URL
mdic.org/ 
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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