Overview
What is The Orthoforum Inc?
The Orthoforum Inc, located in Knoxville, Tennessee, is a nonprofit organization dedicated to serving the orthopedic community. Their primary objective is to maintain a database of production and financial benchmarks, disseminating best practices for management and operations. By exploring group purchasing alternatives, they aim to leverage the collective purchasing power of numerous orthopedists, potentially reducing costs for patients and payers. Additionally, The Orthoforum conducts political action initiatives and research, supporting positions vital to the sustainability of independent orthopedic practices. Their mission also includes preserving independent practice and the associated lower-cost care delivery model, as well as enabling member groups to meet the demands of value-based payment and care delivery reform through outcomes and quality research.
Official website here: www.theorthoforum.com
Is The Orthoforum Inc legitimate?
The Orthoforum Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Orthoforum Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,119,824
For more financial information, click here
Official website here: www.theorthoforum.com
What is the mission statement of The Orthoforum Inc?
The Orthoforum Inc was established with a mission to explore group purchasing alternatives and opportunities, adhering to regulatory guidelines. This endeavor aims to utilize the purchasing power of a large number of orthopedist members, potentially reducing the costs of medical supplies, equipment, and services for both patients and payers. Additionally, The Orthoforum initiates political action to develop data and research, supporting positions crucial to the viability of independent orthopedic practices. The organization seeks to preserve independent practice and the lower-cost care delivery model it offers to patients. Furthermore, The Orthoforum conducts outcomes and quality research to enable member groups to better meet the demands of value-based payment and care delivery reform. This research allows member groups to adapt to changes in the industry, improving their operations and management practices.
Official website here: www.theorthoforum.com
Who is the CEO of The Orthoforum Inc?
Glenn D Sumner is the President of The Orthoforum Inc.
Official website here: www.theorthoforum.com
What is the revenue of The Orthoforum Inc?
The Orthoforum Inc's revenue in 2022 was $3,612,497.
Official website here: www.theorthoforum.com
Who are the executives of The Orthoforum Inc and what are their salaries?
Here are 18 key members and their salaries:
- Compensation: $199,038
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $1,250
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $2,500
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- Compensation: $0
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- Other: $0
Official website here: www.theorthoforum.com
Where can I find the form 990 for The Orthoforum Inc?
The Orthoforum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theorthoforum.com
Learn more at the official website: www.theorthoforum.com
Mission Statement of The Orthoforum Inc
The Orthoforum Inc, established with a mission in mind, seeks to explore alternative group purchasing options and opportunities. Complying with regulatory guidelines, its primary goal is to utilize the purchasing power of a large number of orthopedist members, aiming to reduce the costs of medical supplies, equipment, and services for patients and payers alike. Beyond this, The Orthoforum Inc engages in a political action initiative, focusing on data and research to support positions crucial to the viability of independent orthopedic practices. This endeavor is designed to preserve independent practice and the lower cost care delivery model it offers to patients.
In addition to these pursuits, The Orthoforum Inc has established a production and financial benchmarking database. This database serves as a centralized resource, allowing members to share best practices in management and operations. By doing so, the organization helps its members to identify trends impacting orthopedic group practices. This proactive approach enables these member groups to better meet the demands of value-based payment and care delivery reform, ultimately benefiting both patients and healthcare providers alike.
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Impact
October, 2024
The Orthoforum Inc significantly impacts the healthcare landscape by leveraging collective purchasing power among orthopedic practices to lower costs for patients and payers. By exploring group purchasing alternatives in compliance with regulatory guidelines, it helps optimize the procurement of medical supplies, equipment, and services, ultimately aiming to reduce financial burdens on both healthcare providers and those they serve.
In addition to cost savings, The Orthoforum actively works to bolster the viability of independent orthopedic practices through political action initiatives that inform and influence policy positions vital to sustaining these practices. By developing data and research, the organization supports an environment where independent practices can thrive, championing a delivery model that prioritizes cost-effective, quality care.
Moreover, The Orthoforum maintains a comprehensive production and financial benchmarking database that provides valuable insights into industry trends. By sharing best practices in management and operations, it empowers member groups to adapt to the evolving landscape of value-based care and payment reform. This dedication to continuous improvement not only enhances operational efficiency but also ensures that orthopedic practices can meet changing healthcare demands while delivering high-quality patient care. Overall, The Orthoforum Inc plays a crucial role in fostering a sustainable, independent orthopedic community committed to improving healthcare delivery and outcomes.
This information is meant to be a general summary of The Orthoforum Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $104,399
- Program Service Revenue: $1,662,000
- Gross Receipts: $3,612,497
Assets and Liabilities:
- Total Assets: $4,026,436
- Total Liabilities: $135,500
- Net Assets: $3,890,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ORTHOPAEDIC CONFERENCE
Revenue
$1,662,000
Organization Details
Founding Year
2012
Phone
(877) 829-5500Principal Officer
Glenn D Sumner
Main Address
123 CENTER PARK DR STE 121, KNOXVILLE, TN, 379222110
Website
www.theorthoforum.comNTEE Category
Code: S03 - Community improvement
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