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Nonprofits›Medical Device Innovation Consortium

Medical Research

Medical Device Innovation Consortium

ARLINGTON, VA

Website

Total revenue

$28.2M

Total expenses

$28.1M

Net assets

$2.1M

Grants received

$3.0M

4 grants

EIN

461465348

Tax year

2024

Mission

Mdic's mission is to leverage its unique position as the only public-private partnership of its kind to transform health care into human care. Collaborating with our partners to advance science, we enable transformational medical technology to shape the world we want to live in and make that world possible by shortening the path from innovation to safety to access.

Programs

3 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.

Expenses: $6.5M

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.

Expenses: $744K

Development and membership

Expenses: $564K

Financials

FY 2024

Revenue

Contributions & grants$22.7M

Program service revenue$5.5M

Investment income$27K

Other revenue—

Total revenue$28.2M

Expenses

Grants paid—

Salaries & benefits$10.8M

Fundraising—

Other expenses$17.3M

Total expenses$28.1M

Total assets$11.8M

Net assets$2.1M

People

36 listed

NameRoleCompensation

FISH ANDREW

PRESIDENT & CEO

Board

$832K

40 hrs/wk

ONORATO KARA

CHIEF FINANCIAL AND BUSINESS OFFICER

Board

$291K

40 hrs/wk

FAULCON LENWOOD

CHIEF LEGAL OFFICER

Board

$283K

40 hrs/wk

JODY POWELL

DIRECTOR

Board

—

1 hrs/wk

RANDY RUTTA

DIRECTOR

Board

—

1 hrs/wk

PETER SALTONSTALL

DIRECTOR

Board

—

1 hrs/wk

KEVIN SAYER

DIRECTOR

Board

—

1 hrs/wk

LUCILE BLAISE

DIRECTOR

Board

—

1 hrs/wk

AMI SIMUNOVICH

DIRECTOR

Board

—

1 hrs/wk

KENNETH STEIN

DIRECTOR

Board

—

1 hrs/wk

NADIM YARED

DIRECTOR

Board

—

1 hrs/wk

JEFFREY SHUREN

DIRECTOR

Board

—

1 hrs/wk

WES CETNAROWSKI

DIRECTOR

Board

—

1 hrs/wk

ANDREW CLEELAND

DIRECTOR

Board

—

1 hrs/wk

STEVE FERGUSON

DIRECTOR

Board

—

1 hrs/wk

RICK GEOFFRION

DIRECTOR

Board

—

1 hrs/wk

CHIP HANCE

DIRECTOR

Board

—

2 hrs/wk

JIM HOLLINGSHEAD

DIRECTOR

Board

—

1 hrs/wk

JIJO JAMES

DIRECTOR

Board

—

1 hrs/wk

TAMARA SYREK JENSESN

DIRECTOR

Board

—

1 hrs/wk

GARY JOHNSON

DIRECTOR

Board

—

1 hrs/wk

KRIS KANDARPA

DIRECTOR

Board

—

1 hrs/wk

ESTHER KROFAH

DIRECTOR

Board

—

1 hrs/wk

TRANG LY

DIRECTOR

Board

—

1 hrs/wk

LAURA MAURI

DIRECTOR

Board

—

1 hrs/wk

MASON SIMON

CHIEF ENTERPRISE OFFICER AND PRESIDENT OF NEST

Staff

$539K

40 hrs/wk

SAPIENTE JOSEPH RAYMOND

CHIEF SCIENCE AND INNOVATION OFFICER

Staff

$327K

40 hrs/wk

SMITH RICHARD

SENIOR VICE PRESIDENT, NESTCC

Staff

$300K

40 hrs/wk

KOTLARZ HARRY

HEAD OF PATIENT ENGAGEMENT AND EVIDENCE

Staff

$260K

40 hrs/wk

HENRY LATARA

VICE PRESIDENT, HUMAN CAPITAL

Staff

$231K

40 hrs/wk

MAEGLEY CORINNE

VICE PRESIDENT, PARTNERSHIPS MANAGEMENT, NEST

Staff

$219K

40 hrs/wk

VELICHAMTHOTU VEETIL JITHESH

HEAD OF DIGITAL HEALTH TECHNOLOGY

Staff

$218K

40 hrs/wk

SUMNER PAUL L

HEAD OF MANUFACTURING, INNOVATION AND QUALITY

Staff

$216K

40 hrs/wk

VICTORIA MATTHEW R

VICE PRESIDENT, BRAND AND EXPERIENCE

Staff

$202K

40 hrs/wk

WEISS LISA

SENIOR DIRECTOR OF EVALUATION & SURVEILLANCE

Staff

$201K

40 hrs/wk

CULOTTA MARYELLEN CULOTTA

HEAD, CENTER FOR MANUFACTURING INNOVATION

Staff

$193K

40 hrs/wk

Independent contractors

MINTZ LEVIN COHN FERRIS

PROFESSIONAL & LEGAL CONSULTING

$332K

CEROBS CONSULTING LLC

CONSULTING SERVICES

$293K

KLEIN HERSCH

RECRUITMENT SERVICES

$191K

TAMARA ROOK

CONSULTING SERVICES FOR HEPV PROJECT

$101K

Grants received

Showing 4 of 4

FromAmountPurposeYear

NATIONAL PHILANTHROPIC TRUST

$1.0M

HEALTH

2022

GORDON E AND BETTY I MOORE FOUNDATION

$23K

TO SUPPORT TAPESTRY'S STAKEHOLDER CONVENINGS TO SURFACE QUESTIONS ON FEASIBILITY RELATED TO AN IN-SILICO APPROACH FOR QUALITY ASSURANCE IN MOLECULAR DIAGNOSTIC TOOLS.

2022

DONOR ADVISED CHARITABLE GIVING INC

$1M

HEALTH

2021

NATIONAL PHILANTHROPIC TRUST

$1M

HEALTH

2021