Overview
What is Advanced Medical Technology Association?
The Advanced Medical Technology Association (ADVAMED) is a Washington, D.C.-based nonprofit organization with a mission to represent medical diagnostic and device manufacturers before state and federal policymakers. ADVAMED's government affairs function advocates for ethical standards, timely patient access to safe and effective medical technologies, and economic policies that reward value creation. The organization has a workforce of approximately 100 employees and advocates on a global scale. ADVAMED's team provides information on political and policy developments, pursuing the industry's agenda to create a legal, regulatory, and economic environment conducive to advancing healthcare and ensuring patient access to the benefits of medical technology.
Official website here: www.advamed.org
What are the reviews and ratings of this charity?
The Advanced Medical Technology Association is not currently rated by Charity Navigator because it is not registered as a 501(c)(3) organization, which disqualifies it from certain evaluations such as Impact & Measurement, Culture & Community, and Leadership & Adaptability. Charity Navigator requires specific beacon scores, particularly in Accountability & Finance, to provide a rating. The lack of a rating does not inherently reflect a positive or negative view, simply that the organization has not met these specific criteria for evaluation.
Historically, Charity Navigator's assessments focused on aspects similar to today's Accountability and Finance scores. However, without available data on their total revenue, expenses, and key personnel salaries, a complete financial evaluation is not feasible at this time. The organization is independent, as indicated by its affiliation status, and any public data stems from IRS Forms 990.
No user reviews for the Advanced Medical Technology Association are available on GreatNonprofits, so any direct feedback from individuals regarding their experiences or perceptions of the organization's work is unavailable. Consequently, understanding the public sentiment towards the organization's effectiveness and impact is limited.
This AI summary has been generated from information found on Charity Navigator.
Is Advanced Medical Technology Association legitimate?
Advanced Medical Technology Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Advanced Medical Technology Association 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: $5,446,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,373,886
For more financial information, click here
Official website here: www.advamed.org
What is the mission statement of Advanced Medical Technology Association?
The Advanced Medical Technology Association (Advamed) advocates for medical diagnostic and device manufacturers on a global scale, ensuring the highest ethical standards, timely patient access to safe and effective medical technologies, and economic policies that reward value creation. Advamed's government affairs function represents the industry before state and federal policymakers, governors' offices, state legislatures, the United States Congress, and relevant federal agencies. Advamed's advocacy staff and outside consultants provide information on political and policy developments and pursue the industry's agenda for a legal, regulatory, and economic environment that advances healthcare by assuring patient access to the benefits of medical technology.
Official website here: www.advamed.org
Who is the CEO of Advanced Medical Technology Association?
Scott Whitaker is the Chief Executive Officer of Advanced Medical Technology Association. The CEO's salary of Advanced Medical Technology Association is $2,203,381 and their total compensation is $2,275,364.
Official website here: www.advamed.org
What is the revenue of Advanced Medical Technology Association?
Advanced Medical Technology Association's revenue in 2022 was $47,870,561.
Official website here: www.advamed.org
Who are the executives of Advanced Medical Technology Association and what are their salaries?
The average compensation at Advanced Medical Technology Association during 2022 was $208,202. There are 100 employees and 64 volunteers at Advanced Medical Technology Association.
Here are 75 key members and their salaries (Advanced Medical Technology Association's CEO's salary is $2,203,381 and their total compensation is $2,275,364):
- Compensation: $2,203,381
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- Other: $71,983
- Compensation: $915,174
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- Compensation: $667,536
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- Compensation: $635,483
- Related: $0
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- Compensation: $567,670
- Related: $0
- Other: $68,426
- Compensation: $496,769
- Related: $0
- Other: $59,375
- Compensation: $497,296
- Related: $0
- Other: $51,755
- Compensation: $476,208
- Related: $0
- Other: $60,186
- Compensation: $419,232
- Related: $0
- Other: $46,656
- Compensation: $410,270
- Related: $0
- Other: $46,972
- Compensation: $286,036
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Official website here: www.advamed.org
Where can I find the form 990 for Advanced Medical Technology Association?
Advanced Medical Technology Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advamed.org
Learn more at the official website: www.advamed.org
Mission Statement of Advanced Medical Technology Association
Advanced Medical Technology Association (ADVAMED) is a powerful advocacy group that represents the interests of medical diagnostic and device manufacturers on regulatory and legislative issues. With a global reach, ADVAMED promotes the highest ethical standards in the industry, ensuring timely patient access to safe and effective medical technologies, and advocating for economic policies that reward value creation.
ADVAMED's government affairs function is instrumental in representing the industry before state and federal policymakers, governors' offices, state legislatures, the United States Congress, and relevant federal agencies. The advocacy staff and outside consultants provide valuable information on political and policy developments and pursue the industry's agenda for a legal, regulatory, and economic environment that advances healthcare by assuring patient access to the benefits of medical technology.
In simple terms, ADVAMED serves as the voice of the medical technology industry, advocating for policies that promote ethical standards, patient access, and economic growth. By advocating on behalf of its members, ADVAMED plays a crucial role in shaping the regulatory and legislative landscape for medical technology, ensuring that the industry can continue to innovate and provide life-changing technologies to patients.
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Impact
October, 2024
The Advanced Medical Technology Association (AdvaMed) plays a critical role in shaping the landscape of medical diagnostics and device manufacturing through its advocacy efforts. By representing the interests of the industry before key policymakers at both state and federal levels, AdvaMed ensures that the voices of medical technology manufacturers are heard in the legislative and regulatory arenas.
Its activities promote a legal, regulatory, and economic environment that not only supports innovation but also guarantees patient access to crucial medical technologies. This advocacy is instrumental in influencing laws and regulations that affect healthcare delivery, ensuring that advancements in medical technology translate into real-world benefits for patients.
AdvaMed also emphasizes the importance of ethical standards and value-based economic policies in the healthcare sector. This focus on integrity and value creation fosters a healthcare system that prioritizes patient safety and effective medical interventions. Ultimately, AdvaMed's impact extends beyond its immediate advocacy efforts; it contributes significantly to the improvement of community health outcomes through enhanced access to innovative medical solutions.
This information is meant to be a general summary of Advanced Medical Technology Association. 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: $157,720
- Program Service Revenue: $46,843,417
- Gross Receipts: $47,870,561
Assets and Liabilities:
- Total Assets: $41,806,177
- Total Liabilities: $25,198,645
- Net Assets: $16,607,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$39,556,990
MEETINGS & SEMINARS
Revenue
$6,255,862
ASSESSMENTS
Revenue
$1,030,565
Organization Details
Founding Year
1974
Phone
(202) 783-8700Principal Officer
Scott Whitaker
Main Address
1301 PENNSYLVANIA AVE NW 400, WASHINGTON, DC, 200042654
Website
www.advamed.orgNTEE Category
Code: S41 - Community improvement
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