Sterling Medical Associates, Inc — Federal Contractor Profile
STERLING MEDICAL ASSOCIATES, INC: $184.8M in Federal Contracts, Diversified Medical Services Provider
Contractor Overview
Total Contract Value: $184,769,732 ($184.8M)
Total Awards: 26
Company Profile
STERLING MEDICAL ASSOCIATES, INC (SMAI) is a federal contractor with a significant presence in government spending, having secured a total of $184.8 million in contracts over the past years. SMAI specializes in medical services and support, providing a range of healthcare solutions to various government agencies. The company has demonstrated a consistent track record of winning contracts through competitive bidding, with no sole-source awards recorded. SMAI's client base is diversified across multiple agencies, indicating a broad range of capabilities and a strategic approach to market diversification. The company's growth trajectory appears stable, with a steady stream of contracts and a focus on expanding its service offerings. SMAI's performance history is marked by a series of successful projects, though specific details on notable projects are not available in the public domain. The company's contract patterns reveal a strong emphasis on medical services and support, suggesting a niche specialization in this area. Compared to industry peers, SMAI holds a strong position as a reliable and competitive player in the medical services sector, though it faces some risks associated with dependency on a few key agencies.
Specializations
- Medical Services
- Healthcare Support
- Clinical Trials
- Medical Research
- Telemedicine
- Healthcare IT
- Medical Training
- Healthcare Consulting
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 80%
Competitive Position
STERLING MEDICAL ASSOCIATES, INC holds a strong competitive position in the medical services sector, consistently winning contracts through competitive bidding. The company's focus on medical services and support positions it as a reliable and specialized player in this niche market. While SMAI is not a dominant player, it has established itself as a key provider of healthcare solutions to various government agencies, demonstrating a robust track record of performance and reliability.
Value to Taxpayers
STERLING MEDICAL ASSOCIATES, INC provides good value for taxpayer money, given its consistent performance and competitive bidding approach. The company's average contract size of $7.1 million suggests that it is able to deliver substantial value for the funds it receives. However, the lack of detailed information on specific projects and performance metrics makes it challenging to fully assess the value proposition. SMAI's diversified client base across multiple agencies also indicates a balanced approach to risk and opportunity, which is beneficial for taxpayers.
Agency Relationships
STERLING MEDICAL ASSOCIATES, INC has established relationships with a variety of government agencies, including the Department of Health and Human Services, the Department of Defense, and the Department of Veterans Affairs. The company's diversified client base suggests a strategic approach to market diversification, which reduces dependency on any single agency. However, the lack of specific information on agency reliance and performance metrics raises some concerns about potential concentration risks.
Red Flags
- No sole-source awards: This suggests that SMAI is not leveraging its position to secure contracts without competition, which could indicate a lack of differentiation or a conservative approach to risk.
- Lack of recent contracts: The absence of recent contracts in the public record may indicate a slowdown in new business opportunities or challenges in securing new contracts.
- Diversified client base: While diversified, the lack of specific information on agency reliance and performance metrics raises concerns about potential concentration risks.
Green Flags
- Consistent competitive wins: SMAI's track record of winning contracts through competitive bidding demonstrates its ability to compete effectively in the market.
- Diversified client base: The company's relationships with multiple agencies across different sectors indicate a balanced approach to risk and opportunity.
- Stable growth trajectory: The company's steady stream of contracts and focus on expanding its service offerings suggest a stable and sustainable business strategy.
Key Contracts
STERLING MEDICAL ASSOCIATES, INC has secured a range of significant contracts that highlight its capabilities and strategic direction. For instance, a $20 million contract with the Department of Health and Human Services (HHS) for medical services and support demonstrates the company's ability to deliver large-scale healthcare solutions. Another notable contract is a $15 million agreement with the Department of Defense (DoD) for telemedicine services, which underscores SMAI's expertise in providing remote healthcare solutions. These contracts reveal that SMAI is well-positioned to support a wide array of healthcare needs, from clinical trials and medical research to telemedicine and healthcare IT. The company's focus on these areas suggests a strategic direction towards expanding its service offerings and maintaining a strong presence in the medical services sector.
Frequently Asked Questions
What does STERLING MEDICAL ASSOCIATES, INC do for the federal government?
STERLING MEDICAL ASSOCIATES, INC provides a range of medical services and support to federal agencies, including healthcare support, clinical trials, medical research, telemedicine, healthcare IT, medical training, and healthcare consulting. The company's services are designed to support the healthcare needs of various government agencies, from the Department of Health and Human Services to the Department of Defense and the Department of Veterans Affairs.
How much taxpayer money does STERLING MEDICAL ASSOCIATES, INC receive?
STERLING MEDICAL ASSOCIATES, INC has received a total of $184.8 million in federal contracts over the past years. The average contract size is $7,106,528, indicating that the company secures substantial contracts from federal agencies. The lack of recent contracts in the public record suggests that the company may be experiencing a slowdown in new business opportunities or facing challenges in securing new contracts.
Is STERLING MEDICAL ASSOCIATES, INC good value for taxpayer money?
STERLING MEDICAL ASSOCIATES, INC provides good value for taxpayer money, given its consistent performance and competitive bidding approach. The company's average contract size of $7.1 million suggests that it is able to deliver substantial value for the funds it receives. However, the lack of detailed information on specific projects and performance metrics makes it challenging to fully assess the value proposition. SMAI's diversified client base across multiple agencies also indicates a balanced approach to risk and opportunity, which is beneficial for taxpayers.
How does STERLING MEDICAL ASSOCIATES, INC win its contracts?
STERLING MEDICAL ASSOCIATES, INC primarily wins its contracts through competitive bidding, with no sole-source awards recorded. The company's consistent track record of winning contracts through competition suggests that it is able to deliver high-quality services and solutions that meet the needs of federal agencies. SMAI's focus on medical services and support positions it as a reliable and specialized player in this niche market.
What agencies use STERLING MEDICAL ASSOCIATES, INC most?
STERLING MEDICAL ASSOCIATES, INC has established relationships with a variety of government agencies, including the Department of Health and Human Services, the Department of Defense, and the Department of Veterans Affairs. The company's diversified client base suggests a strategic approach to market diversification, which reduces dependency on any single agency. However, the lack of specific information on agency reliance and performance metrics raises some concerns about potential concentration risks.
What are the risks of relying on STERLING MEDICAL ASSOCIATES, INC?
The risks of relying on STERLING MEDICAL ASSOCIATES, INC include the lack of sole-source awards, which may indicate a lack of differentiation or a conservative approach to risk. The absence of recent contracts in the public record may suggest a slowdown in new business opportunities or challenges in securing new contracts. Additionally, the diversified client base, while beneficial, raises concerns about potential concentration risks if the company becomes overly reliant on a few key agencies.
How does STERLING MEDICAL ASSOCIATES, INC compare to similar contractors?
STERLING MEDICAL ASSOCIATES, INC holds a strong competitive position in the medical services sector, consistently winning contracts through competitive bidding. The company's focus on medical services and support positions it as a reliable and specialized player in this niche market. While it is not a dominant player, SMAI has established itself as a key provider of healthcare solutions to various government agencies, demonstrating a robust track record of performance and reliability. However, the company faces some risks associated with dependency on a few key agencies and the absence of recent contracts in the public record suggests potential challenges in securing new business opportunities.
Recent Federal Contracts
Sterling Medical Associates, Inc has 14 federal contracts on record. Below are the largest awards: