Alliance Of Wound Care Stakeholders Inc is located in Bethesda, MD. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance Of Wound Care Stakeholders Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Alliance Of Wound Care Stakeholders Inc generated $803.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $762.3k during the year ending 12/2021. While expenses have increased by 15.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 PROMOTE QUALITY CARE AND PATIENT ACCESS TO WOUND CARE PRODUCTS AND SERVICES THROUGH ADVOCACY IN THE REGULATORY, LEGISLATIVE AND PUBLIC ARENAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A RESULT OF THE ALLIANCE'S TENACIOUS ADVOCACY WE: OBTAINED A 9.6% INCREASE FOR DISPOSABLE NEGATIVE PRESSURE WOUND THERAPY (DNPWT) INSTEAD OF A 22% REDUCTION IN THE PHYSICIAN OFFICE SETTING.ACCOMPLISHED A NATIONAL CORRECT CODING INITIATIVE (NCCI) EDIT MANUAL CHANGE ALLOWING FOR DEBRIDEMENT AND COMPRESSION TO BE PROVIDED ON THE SAME DAY.SUCCESSFULLY CONVINCED THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) TO RETRACT THE PROPOSED 2021 PHYSICIANS FEE SCHEDULE PROVISION TO BUNDLE CELLULAR AND TISSUE-BASED PRODUCTS FOR WOUNDS (CTPS, ALSO KNOWN AS SKIN SUBSTITUTES) IN THE PHYSICIAN OFFICE SETTING.CREATED LANGUAGE, WHICH WAS ACCEPTED AND USED BY CMS, FOR AN MLN NEWSLETTER ARTICLE EXPLAINING WHY THE NEW SYNTHETIC CPT "A" CODES SHOULD BE TREATED THE SAME AS ALL OTHER CTPS, AND HOW TO CORRECTLY BILL FOR THEM. OBTAINED A UNANIMOUS RECOMMENDATION FROM THE ADVISORY PANEL ON HOSPITAL OUTPATIENT PAYMENT TO CMS, WHICH PROMPTED THE AGENCY TO BEGIN REVIEWING RECOMMENDATIONS FOR FLAWED CTP PAYMENT CHANGES
AS THE ULTIMATE COLLABORATIVE UMBRELLA ORGANIZATION FOR WOUND CARE, THE ALLIANCE CONTINUED TO JOIN FORCES WITH ORGANIZATIONS AND ITS MEMBERS TO IMPACT CHANGE THROUGH THE FOLLOWING EFFORTS:COLLABORATED WITH FDA STAFF TO SHAPE ITS AGENDA AND SPEAKERS FOR ITS APRIL 2022 WOUND HEALING WORKSHOP SO IT WILL BE SYNERGISTIC WITH THE ALLIANCE'S EVIDENCE SUMMIT. BECAME A CHARTER MEMBER AND SERVE ON THE STEERING COMMITTEE OF THE WOUND CARE COLLABORATIVE COMMUNITY.ACTIVELY PARTICIPATED WITH THE CLINICAL LABOR COALITION TO IMPACT CHANGE ON THE SIGNIFICANT PHYSICIAN PAYMENT CUTS.LED THE ALLIANCE FOR HCPCS CODING REFORM'S EFFORTS TO GAIN CLARIFICATION FROM CMS ON SUBMITTING NEW ELECTRONIC HCPCS CODING APPLICATION AND WON MORE TIME FOR INITIAL SUBMISSION.
THE ALLIANCE SHAPED POLICY DEVELOPMENT AS WE:VOCALLY OPPOSED PAYMENT CUTS IN THE PROPOSED CY2022 PHYSICIAN FEE SCHEDULE BY COLLABORATING WITH THE CLINICAL LABOR COALITION AND SUBMITTING COMMENTS TO IMPACT CHANGE. AS A RESULT, THE PAY CUTS WERE MINIMIZED. WE WILL CONTINUE TO ADDRESS THIS IN 2022.CHAMPIONED CTP PAYMENT ISSUES BY SUBMITTING HOSPITAL OUTPATIENT PAYMENT METHODOLOGY RECOMMENDATIONS TO CMS. SERVED AS A RESOURCE TO CMS CONTRACTOR NORIDIAN MEDICAL DIRECTORS AS THEY DEVELOPED THEIR WOUND CARE LCD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marcia Nusgart Executive Director | OfficerTrustee | 40 | $391,667 |
Karen Ravitz Member/advisor | Trustee | 15 | $157,600 |
Dr Caroline Fife Co-Chair | OfficerTrustee | 1 | $0 |
Dr Matthew Garoufalis Co-Chair | OfficerTrustee | 1 | $0 |
Dr Lee Rogers Member | Trustee | 1 | $0 |
Kara Couch Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $150 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $150 |
Total Program Service Revenue | $803,480 |
Investment income | $227 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $803,857 |
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. | $549,267 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $15,163 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,612 |
Fees for services: Accounting | $10,965 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $162,129 |
Advertising and promotion | $0 |
Office expenses | $1,701 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $584 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,329 |
All other expenses | $0 |
Total functional expenses | $762,288 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $714,963 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $111,760 |
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 | $826,723 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $382,294 |
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 | $20,833 |
Total liabilities | $403,127 |
Net assets without donor restrictions | $423,596 |
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 | $826,723 |
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