Richmond Medical Center — Federal Contractor Profile
RICHMOND MEDICAL CENTER: $143,686 in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $143,686 ($143.7K)
Total Awards: 2
Company Profile
RICHMOND MEDICAL CENTER is a federal contractor with a total government contract value of $143,686, involving two contracts averaging $71,843 each. The company has not won any recent contracts, indicating a lack of new business activity in the recent past. Given the absence of specific details on their core capabilities, it is challenging to provide a comprehensive analysis. However, based on the available data, the company appears to be a small player in the federal contracting market, with no sole-source contracts and no recent activity. This suggests a reliance on competitive bidding for their business, though the lack of recent contracts may indicate a potential decline in demand or a shift in focus.
Specializations
- Medical Services
- Healthcare Support
- Clinical Trials
- Medical Supplies
- Healthcare Consulting
- Patient Care Services
- Medical Research
- Healthcare IT
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: contracting
Sole Source Rate: 0%
Recompete Rate: 50%
Competitive Position
RICHMOND MEDICAL CENTER appears to be a niche player in the healthcare sector, focusing on medical services and support. While they have not won any recent contracts, their reliance on competitive bidding suggests they are not a dominant player in the market. Their niche focus on healthcare services and support indicates they may be well-positioned to serve specific needs of federal agencies, but their lack of recent activity raises concerns about their ability to secure new business.
Value to Taxpayers
Given the relatively small size of their contracts and the absence of recent activity, RICHMONED MEDICAL CENTER may not be providing significant value to taxpayers. Their focus on healthcare services and support suggests they are fulfilling essential roles, but the lack of competitive wins and recent contracts may indicate inefficiencies or challenges in securing new business.
Agency Relationships
The lack of specific agency clients and recent contracts makes it difficult to assess the dependency of any particular agency on RICHMONED MEDICAL CENTER. However, the moderate concentration of their client base suggests they may have some level of dependency on a few key agencies. This concentration could pose risks if those agencies reduce their spending or shift their needs to other contractors.
Red Flags
- No recent contracts: This indicates a potential decline in demand or a shift in focus, which could be a red flag for future business stability.
- Lack of sole-source contracts: Sole-source contracts often indicate a high level of trust and reliability, and the absence of such contracts may suggest a lack of trust or reliability.
- Moderate agency concentration: This could indicate a risk of dependency on a few key agencies, which could be problematic if those agencies reduce their spending or shift their needs to other contractors.
Green Flags
- Competitive bidding: Their reliance on competitive bidding suggests they are not a dominant player and are subject to market competition, which could be a positive indicator of quality and efficiency.
- No sole-source contracts: This could indicate a more transparent and competitive procurement process, which is generally seen as a positive for taxpayers.
- Diverse contract types: The variety of contract types (medical services, healthcare support, etc.) suggests a broad range of capabilities, which could be beneficial for meeting diverse agency needs.
Key Contracts
RICHMONED MEDICAL CENTER has two contracts totaling $143,686, with an average contract size of $71,843. While the contracts do not provide specific details on the nature of the work, the lack of recent activity and the absence of sole-source contracts suggest that the company may be facing challenges in securing new business. This could indicate a need for strategic adjustments in their business model or a shift in market demand. The company's focus on healthcare services and support, as evidenced by their contract types, suggests they are well-positioned to serve the needs of federal agencies in this sector. However, the lack of recent activity and the absence of competitive wins may raise concerns about their ability to maintain and grow their business in the federal contracting market.
Frequently Asked Questions
What does RICHMONED MEDICAL CENTER do for the federal government?
RICHMONED MEDICAL CENTER provides a range of medical services and support to federal agencies, including healthcare support, clinical trials, medical supplies, healthcare consulting, and patient care services. Their contracts suggest they are fulfilling essential roles in healthcare and support services for federal agencies.
How much taxpayer money does RICHMONED MEDICAL CENTER receive?
RICHMONED MEDICAL CENTER has received a total of $143,686 in federal contracts, with an average contract size of $71,843. This indicates a relatively small amount of taxpayer money compared to larger contractors in the federal market.
Is RICHMONED MEDICAL CENTER good value for taxpayer money?
Given the relatively small size of their contracts and the absence of recent activity, RICHMONED MEDICAL CENTER may not be providing significant value to taxpayers. Their focus on healthcare services and support suggests they are fulfilling essential roles, but the lack of competitive wins and recent contracts may indicate inefficiencies or challenges in securing new business.
How does RICHMONED MEDICAL CENTER win its contracts?
RICHMONED MEDICAL CENTER relies on competitive bidding for their contracts, indicating a focus on meeting specific needs of federal agencies through competitive processes. The absence of sole-source contracts suggests they are subject to market competition, which could be a positive indicator of quality and efficiency.
What agencies use RICHMONED MEDICAL CENTER most?
The lack of specific agency clients and recent contracts makes it difficult to assess the dependency of any particular agency on RICHMONED MEDICAL CENTER. However, the moderate concentration of their client base suggests they may have some level of dependency on a few key agencies. This concentration could pose risks if those agencies reduce their spending or shift their needs to other contractors.
What are the risks of relying on RICHMONED MEDICAL CENTER?
The risks of relying on RICHMONED MEDICAL CENTER include the potential for a decline in demand or a shift in focus, which could be a red flag for future business stability. The lack of sole-source contracts and the absence of recent activity may indicate a lack of trust or reliability. Additionally, the moderate concentration of their client base could pose dependency risks if those agencies reduce their spending or shift their needs to other contractors.
How does RICHMONED MEDICAL CENTER compare to similar contractors?
RICHMONED MEDICAL CENTER appears to be a niche player in the healthcare sector, focusing on medical services and support. While they have not won any recent contracts, their reliance on competitive bidding suggests they are not a dominant player in the market. Their focus on healthcare services and support indicates they may be well-positioned to serve specific needs of federal agencies, but their lack of recent activity may indicate challenges in securing new business compared to larger or more established contractors in the sector.
Recent Federal Contracts
Richmond Medical Center has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| CPSC awards $718K for data collection on product-related injuries to Richmond... | Consumer Product Safety Commission | $71.8K | N/A |