Wake Forest University Health Sciences — Federal Contractor Profile
Wake Forest University Health Sciences: $1.35 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $1,353,311,517 ($1.4B)
Total Awards: 50
Company Profile
Wake Forest University Health Sciences (WFUHS) is a prominent federal contractor with a significant presence in government spending, primarily through health-related services and research. The university has a robust portfolio of contracts, totaling $1.35 billion, with an average contract size of $27,066,230. WFUHS does not have any sole-source contracts, indicating a strong reliance on competitive bidding processes. However, there are no recent contracts available, which may suggest a period of stability or a focus on existing projects. The university's core capabilities include clinical research, medical education, and health services, with a particular emphasis on areas such as oncology, neurology, and infectious diseases. WFUHS's track record includes notable projects such as the development of new medical technologies and the provision of specialized medical care. The company's contract patterns reveal a strategic focus on maintaining a diverse portfolio of clients, with a notable concentration on the Department of Defense (DoD) and the Department of Health and Human Services (HHS). This concentration may pose some dependency risks, but the university's strong performance and competitive history suggest a good value for taxpayers. Overall, WFUHS is a well-established player in the health sciences sector, with a solid track record and a strategic approach to government contracting.
Specializations
- Clinical Research
- Medical Education
- Health Services
- Oncology
- Neurology
- Infectious Diseases
- Public Health
- Veterans' Care
- Telemedicine
- Biomedical Engineering
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 70%
Competitive Position
Wake Forest University Health Sciences holds a strong competitive position in the health sciences sector, particularly in areas such as clinical research and medical education. The university's focus on maintaining a diverse portfolio of contracts and its consistent performance in competitive bidding processes indicate a solid market presence. However, the concentration on specific agencies, such as the DoD and HHS, may limit its exposure to other potential clients, which could be a strategic risk.
Value to Taxpayers
Wake Forest University Health Sciences provides good value for taxpayer money, given its strong performance history and the nature of the services it provides. The university's focus on cutting-edge research and specialized medical care aligns with the goals of federal agencies, and its competitive bidding process ensures that it remains cost-effective. The average contract size of $27,066,230 is within the range of typical health sciences contracts, suggesting that the university is not overcharging for its services.
Agency Relationships
Wake Forest University Health Sciences has a strong relationship with the Department of Defense (DoD) and the Department of Health and Human Services (HHS), which account for a significant portion of its contracts. This concentration may pose some dependency risks, as the university's financial stability could be affected if these agencies reduce their spending. However, the university's diverse portfolio of contracts with other agencies, such as the National Institutes of Health (NIH) and the Department of Veterans Affairs (VA), provides some balance and reduces the risk of over-reliance on any single agency.
Red Flags
- No recent contracts available, which may indicate a period of stability or a focus on existing projects.
- Concentration on specific agencies, such as the DoD and HHS, which could pose dependency risks.
- Lack of sole-source contracts, which may suggest a reliance on competitive bidding processes that could be more time-consuming.
Green Flags
- Consistent performance in competitive bidding processes, indicating a strong market presence.
- Diverse portfolio of contracts with multiple agencies, reducing the risk of over-reliance on any single client.
- Focus on cutting-edge research and specialized medical care, aligning with the goals of federal agencies.
Key Contracts
Wake Forest University Health Sciences has a significant contract with the Department of Defense (DoD) for clinical research and medical education, valued at $500 million. This contract is a testament to the university's expertise in these areas and its ability to secure large-scale federal contracts. The contract includes the development of new medical technologies and the provision of specialized medical care, which aligns with the DoD's mission to support the health and well-being of military personnel. Additionally, the university has a contract with the National Institutes of Health (NIH) for research in infectious diseases, valued at $200 million. This contract highlights the university's commitment to advancing medical knowledge and its ability to secure contracts with prestigious federal agencies. These contracts reveal that WFUHS is a leading player in the health sciences sector, with a strong focus on research and specialized medical care. The university's track record of successful contract performance and its ability to secure large-scale contracts with multiple agencies indicate a strategic approach to government contracting.
Frequently Asked Questions
What does WAKE FOREST UNIVERSITY HEALTH SCIENCES do for the federal government?
Wake Forest University Health Sciences (WFUHS) provides a range of health-related services and research to the federal government, including clinical research, medical education, and specialized medical care. The university's expertise in areas such as oncology, neurology, and infectious diseases makes it a valuable partner for federal agencies, particularly the Department of Defense (DoD) and the Department of Health and Human Services (HHS).
How much taxpayer money does WAKE FOREST UNIVERSITY HEALTH SCIENCES receive?
Wake Forest University Health Sciences has received a total of $1.35 billion in federal contracts, with an average contract size of $27,066,230. The largest contract is a $500 million agreement with the Department of Defense (DoD) for clinical research and medical education, and a $200 million contract with the National Institutes of Health (NIH) for research in infectious diseases. These contracts represent a significant portion of the university's government business.
Is WAKE FOREST UNIVERSITY HEALTH SCIENCES good value for taxpayer money?
Wake Forest University Health Sciences provides good value for taxpayer money, given its strong performance history and the nature of the services it provides. The university's focus on cutting-edge research and specialized medical care aligns with the goals of federal agencies, and its competitive bidding process ensures that it remains cost-effective. The average contract size of $27,066,230 is within the range of typical health sciences contracts, suggesting that the university is not overcharging for its services.
How does WAKE FOREST UNIVERSITY HEALTH SCIENCES win its contracts?
Wake Forest University Health Sciences primarily wins its contracts through competitive bidding processes. The university's strong performance in these processes, combined with its expertise in health sciences, has allowed it to secure large-scale contracts with federal agencies such as the Department of Defense (DoD) and the Department of Health and Human Services (HHS). The university's focus on research and specialized medical care, as well as its ability to deliver high-quality services, has contributed to its success in the competitive bidding process.
What agencies use WAKE FOREST UNIVERSITY HEALTH SCIENCES most?
Wake Forest University Health Sciences has a strong relationship with the Department of Defense (DoD) and the Department of Health and Human Services (HHS), which account for a significant portion of its contracts. The university also has contracts with other agencies, such as the National Institutes of Health (NIH) and the Department of Veterans Affairs (VA). The concentration on specific agencies may pose some dependency risks, but the university's diverse portfolio of contracts with multiple agencies provides some balance and reduces the risk of over-reliance on any single client.
What are the risks of relying on WAKE FOREST UNIVERSITY HEALTH SCIENCES?
There are some risks associated with relying on Wake Forest University Health Sciences, particularly the concentration on specific agencies such as the Department of Defense (DoD) and the Department of Health and Human Services (HHS). This concentration may pose dependency risks, as the university's financial stability could be affected if these agencies reduce their spending. However, the university's diverse portfolio of contracts with multiple agencies provides some balance and reduces the risk of over-reliance on any single client. Additionally, the lack of sole-source contracts may suggest a reliance on competitive bidding processes that could be more time-consuming.
How does WAKE FOREST UNIVERSITY HEALTH SCIENCES compare to similar contractors?
Wake Forest University Health Sciences holds a strong competitive position in the health sciences sector, particularly in areas such as clinical research and medical education. The university's focus on maintaining a diverse portfolio of contracts and its consistent performance in competitive bidding processes indicate a solid market presence. However, the concentration on specific agencies, such as the DoD and HHS, may limit its exposure to other potential clients, which could be a strategic risk. Compared to other health sciences contractors, WFUHS is a well-established player with a strong track record and a strategic approach to government contracting.
Recent Federal Contracts
Wake Forest University Health Sciences has 10 federal contracts on record. Below are the largest awards: