Center For Medical Technology Policy Inc
- Assets
- $0.0
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Baltimore, MD
- Founding
- 03/2011
- Data as of
- 10/2021
- EIN
- 27-1203017
Organization Overview
Center For Medical Technology Policy Inc is located in Baltimore, MD. The organization was established in 2011. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 10/2021, Center For Medical Technology Policy Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Medical Technology Policy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Center For Medical Technology Policy Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $1.1m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP A HEALTH CARE SYSTEM WHERE PATIENTS, CLINICIANS, HEALTH CARE POLICYMAKERS, AND PAYERS HAVE THE EVIDENCE THEY NEED TO MAKE INFORMED HEALTH DECISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING METHODOLOGICAL GUIDANCE: THE ORGANIZATION DEVELOPS AND PUBLISHES METHODOLOGICAL STANDARDS AND GUIDANCE FOR COMPARATIVE EFFECTIVENESS RESEARCH (CER) AND PATIENT CENTERED OUTCOMES RESEARCH (PCOR) THAT REFLECT THE INFORMATIONAL NEEDS OF PATIENTS, CLINICIANS,AND PAYERS. THE ORGANIZATION ALSO ADVISES PUBLIC AND PRIVATE SECTOR RESEARCHERS ON REAL WORLD STUDY DESIGNS THAT REFLECT THESE STANDARDS.
TRANSFORMING CLINICAL RESEARCH: THE ORGANIZATION DEVELOPS INNOVATIVE APPROACHES TO STREAMLINING INFORMED CONSENT FOR COMMUNITY BASED COMPARATIVE EFFECTIVENESS RESEARCH (CER) STUDIES. THE ORGANIZATION ACHIEVES THIS BY DESIGNING LARGE DATA COLLECTION SYSTEMS AND REGISTRIES, REFINING PRAGMATIC CLINICAL TRIALS, AND COLLABORATING WITH RESEARCHERS, HEALTHCARE SYSTEMS, AND PATIENTS TO IDENTIFY NOVEL GOVERNANCE APPROACHES FOR RESEARCH NETWORKS.
SHAPING HEALTH POLICY SOLUTIONS: THE ORGANIZATION ASSESSES AND GUIDES NEW DEVELOPMENTS IN REGULATION, COVERAGE, AND REIMBURSEMENT POLICY TO ENSURE BETTER ALIGNMENT WITH TECHNOLOGY ADVANCEMENTS. BY DEVELOPING INNOVATIVE STRATEGIES TO IMPROVE ADOPTION AND DIFFUSION OF NOVEL EMERGING TECHNOLOGIES, THE ORGANIZATION LEADS THE DESIGN OF POLICY FRAMEWORKS THAT ENHANCE THE EFFICIENCY OF CLINICAL RESEARCH AND MAKE HEALTH CARE MORE AFFORDABLE AND PATIENT CENTERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Tunis MD Msc Director | Trustee | 1 | $0 |
Mark Gibson Director | Trustee | 2 | $0 |
Angus Gunn Director | Trustee | 1 | $0 |
Stuart Spector Director | Trustee | 1 | $0 |
Marcus Wilson Pharmd Director | Trustee | 1 | $0 |
Deborah Collyar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $193,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,760 |
| Total Program Service Revenue | $818,196 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,816 |
| Compensation of current officers, directors, key employees. | $43,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $488,297 |
| Pension plan accruals and contributions | $15,819 |
| Other employee benefits | $36,192 |
| Payroll taxes | $55,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,010 |
| Advertising and promotion | $0 |
| Office expenses | $27,805 |
| Information technology | $16,130 |
| Royalties | $0 |
| Occupancy | $136,727 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,889 |
| Insurance | $16,176 |
| All other expenses | $0 |
| Total functional expenses | $1,138,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |