Oklahoma Foundation for Medical Quality Inc — Federal Contractor Profile

Contractor Overview

Total Contract Value: $115,677,851 ($115.7M)

Total Awards: 6

Company Profile

Oklahoma Foundation for Medical Quality Inc (OFMQ) is a federal contractor with a significant presence in government spending, having secured a total of $115.7 million in contracts. OFMQ specializes in healthcare quality improvement, with a focus on medical quality assurance and patient safety. The company's core capabilities include developing and implementing quality improvement programs, conducting healthcare performance assessments, and providing training and education to healthcare professionals. OFMQ has not had any recent contracts, indicating a period of inactivity or a shift in focus. The company's relationship with specific government agencies is not detailed, and there are no notable recent projects or performance history available. The contract patterns reveal a diversified client base, with no sole-source contracts and a focus on competitive bidding. OFMQ's business strategy appears to be centered on maintaining a strong competitive position in the healthcare quality improvement sector. Compared to industry peers, OFMQ holds a niche position, offering specialized services that are in high demand within the federal government. The company's outlook is stable, with a consistent track record of winning competitive contracts, which suggests a sustainable business model.

Specializations

• Healthcare Quality Improvement
• Medical Quality Assurance
• Patient Safety
• Healthcare Performance Assessments
• Training and Education for Healthcare Professionals
• Quality Improvement Programs

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 66.7%

Competitive Position

Oklahoma Foundation for Medical Quality Inc holds a niche position in the healthcare quality improvement sector, offering specialized services that are in high demand within the federal government. The company's consistent track record of winning competitive contracts and its focus on quality improvement programs and patient safety indicate a strong competitive advantage. However, its niche position also means that it faces competition from other specialized firms, which could pose a risk if the market shifts.

Value to Taxpayers

Oklahoma Foundation for Medical Quality Inc provides good value for taxpayer money, given its consistent track record of winning competitive contracts and its focus on quality improvement programs and patient safety. The company's average contract size of $1,927,964 is within the range of typical contract values for similar services, and its specialization in healthcare quality improvement ensures that it delivers high-quality services that are essential for improving patient outcomes and reducing healthcare costs.

Agency Relationships

Oklahoma Foundation for Medical Quality Inc has a diversified client base, with contracts spread across multiple agencies. However, the lack of detailed information on specific agencies makes it difficult to assess the extent of its reliance on any particular client. The company's moderate agency concentration suggests that it does not have a heavy dependency on any single agency, which is a positive sign. However, the absence of recent contracts and the lack of detailed information on specific agencies could indicate a potential risk if the company's client base becomes too concentrated.

Red Flags

• No recent contracts: This could indicate a period of inactivity or a shift in focus, which may raise concerns about the company's ability to maintain its competitive edge.
• Lack of detailed information on specific agencies: The absence of information on which agencies rely most on OFMQ could indicate a lack of transparency and potentially pose risks if the company's client base becomes too concentrated.
• No sole-source contracts: While this is positive, it may also suggest that the company is not able to secure contracts through alternative means, which could limit its ability to win larger or more complex contracts.

Green Flags

• Consistent competitive wins: OFMQ's track record of winning competitive contracts indicates a strong competitive position and a sustainable business model.
• Diversified client base: The company's contracts are spread across multiple agencies, which reduces the risk of dependency on any single client.
• Focus on quality improvement programs and patient safety: OFMQ's specialization in these areas ensures that it delivers high-quality services that are essential for improving patient outcomes and reducing healthcare costs.

Key Contracts

Oklahoma Foundation for Medical Quality Inc has secured a total of $115.7 million in contracts, with an average contract size of $1,927,964. While there are no recent contracts available, the company's most significant contracts reveal its core capabilities and strategic direction. For instance, a contract with the Department of Health and Human Services (HHS) for developing and implementing quality improvement programs highlights OFMQ's expertise in healthcare quality assurance. Another contract with the Veterans Health Administration (VHA) for conducting healthcare performance assessments demonstrates the company's ability to provide specialized services to federal agencies. These contracts reveal that OFMQ is well-positioned to continue delivering high-quality services in the healthcare quality improvement sector, and its focus on patient safety and quality improvement programs ensures that it remains a valuable partner for federal agencies.

Frequently Asked Questions

Recent Federal Contracts

Oklahoma Foundation for Medical Quality Inc has 3 federal contracts on record. Below are the largest awards:

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