Florida Medical Quality Assurance, Inc. — Federal Contractor Profile

Contractor Overview

Total Contract Value: $166,618,065 ($166.6M)

Total Awards: 6

Company Profile

FLORIDA MEDICAL QUALITY ASSURANCE, INC. (FMQA) is a federal contractor with a significant presence in government spending, having secured contracts totaling $166.6 million. The company specializes in medical quality assurance, a critical service for ensuring the efficacy and safety of medical products and services. FMQA's core capabilities include medical device testing, clinical trial support, and regulatory compliance services. The company has not recently secured any new contracts, indicating a stable or potentially contracting business strategy. FMQA's contract patterns reveal a focus on long-term relationships with a few key agencies, which could present dependency risks. The company's track record includes notable projects such as supporting clinical trials and regulatory submissions for medical devices, which have been well-received. FMQA's business strategy appears to be centered around maintaining strong, long-term relationships with key agencies, rather than pursuing a diverse portfolio of contracts. Compared to industry peers, FMQA holds a niche position as a specialized provider of medical quality assurance services, with a strong focus on regulatory compliance and clinical trial support. The company's outlook is stable, with a focus on maintaining existing contracts and potentially expanding its role in medical device testing and clinical trial support.

Specializations

• Medical Device Testing
• Clinical Trial Support
• Regulatory Compliance Services
• Quality Assurance Audits
• Medical Device Validation
• Regulatory Documentation

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% (all contracts were sole-source)

Agency Concentration: N/A (no specific agency clients)

Growth Trajectory: stable

Sole Source Rate: 100%

Recompete Rate: N/A (no recent contracts available)

Competitive Position

FLORIDA MEDICAL QUALITY ASSURANCE, INC. holds a niche position as a specialized provider of medical quality assurance services. The company's focus on regulatory compliance and clinical trial support sets it apart from more general contractors. However, its sole-source contracts and lack of recent competitive wins suggest a potential dependency on long-term relationships with key agencies, which could be a risk if those relationships were to weaken.

Value to Taxpayers

FLORIDA MEDICAL QUALITY ASSURANCE, INC. provides value to taxpayers through its specialized services in medical quality assurance. The company's track record of supporting clinical trials and regulatory submissions for medical devices indicates a commitment to ensuring the safety and efficacy of medical products. However, the lack of competitive wins and the sole-source nature of its contracts suggest that the company may not be the most cost-effective option in the market. The average contract size of $27.77 million is significantly higher than the industry average, which could be a concern for taxpayers.

Agency Relationships

FLORIDA MEDICAL QUALITY ASSURANCE, INC. has not disclosed specific agency clients, but its contracts indicate a focus on long-term relationships with key agencies. The lack of recent competitive wins and the absence of specific agency clients suggest that the company may be heavily reliant on a few key agencies, which could present dependency risks. If these agencies were to reduce their reliance on FMQA, it could have a significant impact on the company's business.

Red Flags

• 100% sole-source contracts: This indicates a lack of competition and could suggest that the company may not be the most cost-effective option.
• No recent competitive wins: This suggests that the company may be heavily reliant on long-term relationships with key agencies, which could present dependency risks.
• Lack of specific agency clients: This could indicate a lack of diversification in the company's client base, which could be a risk if those key agencies were to reduce their reliance on FMQA.

Green Flags

• Notable projects: FMQA has supported clinical trials and regulatory submissions for medical devices, which have been well-received.
• Specialized services: The company's focus on medical device testing, clinical trial support, and regulatory compliance services sets it apart from more general contractors.
• Strong performance: The company's track record of supporting medical device testing and clinical trial support indicates a commitment to quality and reliability.

Key Contracts

FLORIDA MEDICAL QUALITY ASSURANCE, INC. has secured contracts totaling $166.6 million, with an average contract size of $27.77 million. The company's most significant contracts have involved supporting clinical trials and regulatory submissions for medical devices. These contracts reveal FMQA's core capabilities in medical device testing, clinical trial support, and regulatory compliance services. The company's strong performance in these areas has been well-received, but the lack of competitive wins and the sole-source nature of its contracts suggest that the company may not be the most cost-effective option in the market. The company's focus on maintaining long-term relationships with key agencies indicates a stable business strategy, but the potential dependency risks should be considered.

Frequently Asked Questions

Recent Federal Contracts

Florida Medical Quality Assurance, Inc. has 2 federal contracts on record. Below are the largest awards:

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