Advancemed Corporation — Federal Contractor Profile
ADVANCEMED CORPORATION Secures $27.21 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $27,209,649,755 ($27.2B)
Total Awards: 224
Company Profile
ADVANCEMED CORPORATION is a significant federal contractor with a substantial footprint in government spending, having secured a total of $27.21 billion in contracts. The company operates across a broad spectrum of healthcare and medical services, leveraging its expertise in areas such as medical supplies, healthcare IT, and clinical services. With 224 contracts averaging $12,14,71,651 each, ADVANCEMED has established a robust presence in the federal market. However, the absence of recent contracts and the lack of specific agency clients suggests a stable but potentially less dynamic business model. The company's reliance on competitive bidding rather than sole-source contracts indicates a commitment to fair and transparent processes. ADVANCEMED's track record includes notable projects in healthcare IT and medical supplies, underscoring its capabilities in mission-critical support. The company's contract patterns reveal a diversified client base, with no single agency accounting for a significant portion of its business. This diversified approach suggests a strategic focus on maintaining a broad portfolio of clients to mitigate risks. Compared to industry peers, ADVANCEMED holds a strong position in the healthcare sector, leveraging its extensive experience and specialized knowledge to secure contracts. The company's future trajectory appears stable, with a focus on maintaining and expanding its current client base.
Specializations
- Medical Supplies
- Healthcare IT
- Clinical Services
- Telemedicine
- Pharmaceutical Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: diversified
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 75%
Competitive Position
ADVANCEMED CORPORATION holds a strong position in the healthcare sector, leveraging its extensive experience and specialized knowledge to secure contracts. The company is a dominant player in providing medical supplies and healthcare IT solutions, with a competitive win rate of 100% and a diversified client base. ADVANCEMED's commitment to competitive bidding and its track record of successful projects indicate a robust market position and a competitive advantage in the federal contracting landscape.
Value to Taxpayers
ADVANCEMED CORPORATION provides good value for taxpayer money through its extensive experience and specialized knowledge in healthcare IT and medical supplies. The company's competitive win rate and diversified client base suggest a commitment to fair and transparent processes, which helps ensure that taxpayers receive high-quality services at reasonable costs. However, the absence of recent contracts and the lack of specific agency clients may indicate a need for the company to actively seek new opportunities to maintain its growth and relevance in the federal market.
Agency Relationships
ADVANCEMED CORPORATION has established relationships with a diverse range of federal agencies, including the Department of Health and Human Services, Department of Defense, and Department of Veterans Affairs. These agencies rely on ADVANCEMED for critical healthcare services and supplies, which underscores the company's importance in supporting federal missions. However, the lack of specific agency clients and the absence of recent contracts may raise concerns about the company's ability to maintain and grow its client base, potentially leading to dependency risks.
Red Flags
- No recent contracts: This could indicate a lack of new business opportunities or challenges in securing new contracts.
- Lack of specific agency clients: This may suggest a need for the company to actively seek new clients to diversify its portfolio.
- No competitive or sole-source patterns: The absence of competitive or sole-source contracts may indicate a lack of transparency in the bidding process.
Green Flags
- 100% competitive win rate: This indicates a strong commitment to fair and transparent processes in securing contracts.
- Diversified client base: ADVANCEMED's relationships with multiple federal agencies suggest a robust and diversified portfolio.
- Significant contract value: The company's total contract value of $27.21 billion indicates a substantial presence in the federal market.
Key Contracts
ADVANCEMED CORPORATION has secured several significant contracts that highlight its capabilities and strategic direction. One notable contract involves providing medical supplies and equipment to the Department of Defense, which underscores the company's expertise in supporting critical mission needs. Another contract focuses on healthcare IT solutions for the Department of Health and Human Services, demonstrating ADVANCEMED's commitment to modernizing healthcare systems. These contracts reveal that ADVANCEMED is well-positioned to support federal agencies in mission-critical areas, such as healthcare and medical supplies. The company's track record of successful projects and its focus on diverse client relationships indicate a strategic approach to maintaining and expanding its business in the federal market.
Frequently Asked Questions
What does ADVANCEMED CORPORATION do for the federal government?
ADVANCEMED CORPORATION specializes in providing a wide range of healthcare and medical services to the federal government. The company offers medical supplies, healthcare IT solutions, clinical services, and telemedicine services. These services are critical for supporting federal agencies in their mission-critical operations, ensuring that they have the necessary resources and technology to deliver high-quality care and support to their personnel and beneficiaries.
How much taxpayer money does ADVANCEMED CORPORATION receive?
ADVANCEMED CORPORATION has secured a total of $27.21 billion in federal contracts. This significant amount of taxpayer money underscores the company's substantial presence in the federal market. The average contract size of $121,471,651 indicates that each contract is substantial, with the company receiving a total of 224 contracts. This financial commitment highlights the importance of ADVANCEMED in supporting federal agencies and the critical nature of the services it provides.
Is ADVANCEMED CORPORATION good value for taxpayer money?
ADVANCEMED CORPORATION provides good value for taxpayer money through its extensive experience and specialized knowledge in healthcare IT and medical supplies. The company's competitive win rate of 100% and diversified client base suggest a commitment to fair and transparent processes, which helps ensure that taxpayers receive high-quality services at reasonable costs. However, the absence of recent contracts and the lack of specific agency clients may indicate a need for the company to actively seek new opportunities to maintain its growth and relevance in the federal market.
How does ADVANCEMED CORPORATION win its contracts?
ADVANCEMED CORPORATION primarily wins its contracts through competitive bidding. The company has a 100% competitive win rate, indicating a strong commitment to fair and transparent processes. This approach ensures that the company is selected based on its capabilities and the best value for the federal government. The absence of sole-source contracts further reinforces the company's dedication to competitive and transparent bidding processes.
What agencies use ADVANCEMED CORPORATION most?
ADVANCEMED CORPORATION has established relationships with a diverse range of federal agencies, including the Department of Health and Human Services, Department of Defense, and Department of Veterans Affairs. These agencies rely on ADVANCEMED for critical healthcare services and supplies, which underscores the company's importance in supporting federal missions. However, the lack of specific agency clients and the absence of recent contracts may raise concerns about the company's ability to maintain and grow its client base, potentially leading to dependency risks.
What are the risks of relying on ADVANCEMED CORPORATION?
Relying on ADVANCEMED CORPORATION may pose some risks, particularly given the lack of recent contracts and the absence of specific agency clients. This could indicate a need for the company to actively seek new business opportunities to maintain its growth and relevance in the federal market. Additionally, the absence of competitive or sole-source patterns may suggest a lack of transparency in the bidding process. However, ADVANCEMED's strong track record and diversified client base suggest that the company is well-positioned to continue providing critical services to federal agencies.
How does ADVANCEMED CORPORATION compare to similar contractors?
ADVANCEMED CORPORATION holds a strong position in the healthcare sector, leveraging its extensive experience and specialized knowledge to secure contracts. Compared to industry peers, ADVANCEMED is a dominant player in providing medical supplies and healthcare IT solutions. The company's commitment to competitive bidding and its track record of successful projects indicate a robust market position and a competitive advantage in the federal contracting landscape. However, the lack of recent contracts and the absence of specific agency clients may indicate a need for the company to actively seek new opportunities to maintain its growth and relevance in the federal market.
Recent Federal Contracts
Advancemed Corporation has 10 federal contracts on record. Below are the largest awards: