Institute of Medicine of Chicago

What Institute of Medicine of Chicago does

The Institute of Medicine of Chicago (IOMC) is an independent 501c3 nonprofit professional association founded in 1915 and headquartered in Chicago, Illinois. It convenes an interdisciplinary Fellow base of clinicians, physicians, dentists, pharmacists, nurses, lawyers, policymakers, advocates, academic leaders, hospital executives, and industry leaders to address health equity, access to care, behavioral health, maternal and child health, homelessness, and social determinants of health across Chicago, surrounding counties, and the State of Illinois. Core offerings include the biennial State of Health of Chicago convening (1,200+ attendees, 50+ speakers per cycle), the Annual Leadership Awards program (Lifetime Achievement, Innovation in Healthcare Delivery, Humanitarian Global Health, Henry P. Russe Citation), the ACHIEVE mentoring program for Black and Latino male medical and dental students funded by the Otho S. A. Sprague Memorial Institute, and standing workgroups on Maternal/Child Health and Behavioral Health.

IOMC operates as a member-driven association without proprietary technology. Its product surface consists of programs, events, webinars, a speakers bureau, a career job center, and news publications distributed through iomc.org, PR channels, and live/virtual events. The underlying "platform" is the network of Fellows and institutional partners (Rosalind Franklin University, Hektoen Institute of Medicine, Kaiser Permanente, The Portes Foundation, Health News Illinois) who contribute content, speakers, sponsorships, and credibility. There is no disclosed API, software product, or AI capability.

The business model is a typical nonprofit association stack: membership/dues from Fellows, tiered event registration and sponsorship (e.g., State of Health of Chicago tickets $150-$175 and sponsor levels $1,000-$5,000), program grants from foundations (Sprague Memorial Institute for ACHIEVE), and donations including a planned-giving "Public Health Legacy" program. Headcount is 1-10 employees, and operating scope is regional (Illinois/Chicago) with no global footprint claim.

Name

Institute of Medicine of Chicago

Legal name

Institute of Medicine of Chicago

Website

https://iomc.org

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

51–100 employees

Short description

The Institute of Medicine of Chicago is a 501c3 nonprofit professional association, founded in 1915, that convenes interdisciplinary healthcare leaders in Illinois to advance health equity through the biennial State of Health of Chicago, annual Leadership Awards, the ACHIEVE student mentoring program, and standing workgroups on maternal/child health and behavioral health.

Ownership category

akta.pro rank

Product category

Professional Healthcare Association & Convening

SIC

Services-Health Services (8000)

akta.pro industry

PRIMARYBPAGACAL

Public Health & Health Equity Organizations

Business & Public Services/Nonprofit, NGO & Social Services/Health & Medical Nonprofits

Keywords

• Health equity programs
• Medical association membership
• Healthcare leadership awards
• Professional education events
• Public health convening

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Grant Funding: Receives grants from foundations such as the Otho S. A. Sprague Memorial Institute to fund specific programs like the ACHIEVE mentoring program.
2. Event Registration Fees: Revenue generated from paid event registrations for programs like the State of Health of Chicago, Leadership Awards, and educational webinars with tiered pricing for members, non-members, and sponsors.
3. Membership Dues: Fellows and members pay dues to belong to the organization, gaining access to networking, educational resources, and events.
4. Donations: The organization accepts donations and has planned giving programs for public health legacy contributions.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

The Institute of Medicine of Chicago is a 501c3 nonprofit professional medical association that convenes distinguished healthcare leaders to advance health equity through education, research, communication of trusted information, and community engagement. Its core services include the ACHIEVE mentoring program for underrepresented medical and dental students, the biennial State of Health of Chicago convening, annual Leadership Awards, workgroups on maternal/child health and behavioral health, educational webinars, a speakers bureau, and fellowship/membership for healthcare professionals.

Product overview

The Institute of Medicine of Chicago is a professional medical association organized as a 501c3 nonprofit, founded in 1915, that serves as a dynamic organization uniting industry leaders, community advocacy groups, and experts throughout the Chicagoland area and Illinois. The organization focuses on critical areas such as access to care, behavioral health, maternal and child health, homelessness, and social determinants of health. The core offerings include the ACHIEVE mentoring program for underrepresented medical and dental students, the biennial State of Health of Chicago convening, Annual Leadership Awards recognizing healthcare innovators, and specialized workgroups on maternal/child health and behavioral health. Additional services include webinars, a speakers bureau, career resources, and membership for healthcare professionals committed to advancing health equity.

Differentiator

Problem solved

Functional benefit

Brands

• ACHIEVE: A mentoring program for underrepresented medical and dental students in Chicago, developed with funding from the Otho S. A. Sprague Memorial Institute.

Products and services

• ACHIEVE Program A mentoring program for Black and Latino male medical and dental students in Chicago, designed to improve graduation rates and support their involvement in underserved communities. Delivered in partnership with academic institutions.
• State of Health of Chicago A biennial convening (with 8th edition in 2020-2021 and 9th edition in December 2023) bringing together healthcare leaders to address critical regional health issues, featuring keynote speakers, panel discussions, and the production of a public report card on Chicago's health.
• Annual Leadership Awards Annual recognition ceremony honoring healthcare leaders who demonstrate innovation and collaboration in reducing health disparities, featuring keynote addresses on community health and maternal/newborn health outcomes.
• IOMC Awards Program Multi-category annual awards recognizing excellence in healthcare, including Lifetime Achievement, Innovation in Healthcare Delivery, Humanitarian Global Health, and Henry P. Russe Citation for Exemplary Compassion in Healthcare.
• Maternal Health and Child Workgroup A specialized workgroup that addresses maternal and child health, including health disparities, chaired by Dr. Beena Peters.
• Behavioral Health Workgroup A dedicated workgroup that addresses the behavioral health crisis nationally and locally, working to establish important areas for intervention and improve behavioral health resources.
• Webinars and Educational Programs Educational webinar series addressing public health topics such as fluoride, COVID-19, cannabis education, structural racism, and other Chicago-relevant public health issues.
• Membership and Fellowship Fellowship and membership program granting access to networking, educational resources, awards, events, workgroups, and the speakers bureau for distinguished leaders in the health field.

Quantifiable outcome

• The ACHIEVE program aims to improve graduation rates for Black and Latino male medical and dental students in Chicago
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Rosalind Franklin University of Medicine and SciencecoreStrategic or Co-development PartnerDr. Archana Chatterjee, elected as President-Elect of IOMC, currently serves as Dean of the Chicago Medical School and Senior Vice President for Medical Affairs at Rosalind Franklin University. The institution collaborated on the 2022 Intersection of Education and Community Engagement program.
• Kaiser PermanenteflagshipStrategic or Co-development PartnerDr. Bechara Choucair, SVP and Chief Health Officer of Kaiser Permanente-Kaiser Foundation Health Plan & Hospitals served as keynote speaker at the 9th State of Health of Chicago in December 2023.
• Hektoen Institute of MedicinecoreStrategic or Co-development PartnerSponsored sessions during the 2020-2021 State of Health of Chicago virtual learning series, including the Opening Plenary on State of COVID-19 in Illinois.
• Health News IllinoisminorStrategic or Co-development PartnerServed as moderator for the panel discussion at the 9th State of Health of Chicago and sponsored the event.
• University of Iowa College of DentistryminorStrategic or Co-development PartnerDr. Steven M. Levy from the University of Iowa College of Dentistry served as featured speaker for IOMC webinar on fluoride facts and myths.
• Grand Lux CafeminorOthersServed as venue for the 9th State of Health of Chicago event at the Rush Room, 600 North Michigan Avenue, Chicago.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• American Medical Association: National professional association for physicians that, like IOMC, focuses on convening medical leaders, advocacy, and education. AMA operates at national scale versus IOMC's regional focus, but both monetize through membership dues, events, and publications targeting similar clinician audiences.
• National Academy of Medicine: Highly prestigious national advisory body that, like IOMC, brings together distinguished health leaders to address critical health issues through reports, convenings, and policy guidance. NAM operates at federal/national level versus IOMC's regional Illinois scope, but both rely on fellowship and convening as their primary value proposition.
• American Public Health Association: National nonprofit organization for public health professionals that, like IOMC, convenes practitioners around health equity, behavioral health, maternal/child health, and social determinants. APHA operates at national scale with annual meetings, journals, and advocacy — a larger-version peer to IOMC's regional convening model.
• American Hospital Association: National trade association representing hospitals and health systems that, like IOMC, addresses health equity, workforce pipeline, and convenes health leaders. AHA operates nationally and represents institutional members (hospitals) while IOMC convenes individual healthcare professionals, but both work on overlapping health-equity agenda items.

Regional players

• Illinois State Medical Society: State-level professional association for Illinois physicians that, like IOMC, serves as a convener and advocacy voice for medical professionals in Illinois. Overlaps in membership base and Chicago/Illinois geography, with somewhat different focus on physician advocacy versus IOMC's broader health-equity convening.

Direct peers

• Chicago Medical Society: Local professional medical society serving Chicago-area physicians, directly comparable to IOMC in both geography (Chicago) and membership model (clinicians, leaders, advocates). Both organizations convene local medical leaders around health policy and practice issues in the Chicago market.
• American College of Healthcare Executives: Professional association for healthcare executives with a membership/fellowship model closely paralleling IOMC's fellow structure. Both monetize through member dues, education, awards, and local chapter events, and both target healthcare leaders seeking credentialing and peer engagement.

Others

• Robert Wood Johnson Foundation: Major U.S. health-focused foundation that funds health-equity research and programs — directly overlapping IOMC's thematic focus areas (maternal/child health, behavioral health, social determinants). Not a direct peer in service model, but a major funder and ecosystem participant whose grant priorities shape IOMC's opportunity set.
• Health Research & Educational Trust: Nonprofit research and education affiliate of the American Hospital Association that, like IOMC, conducts health-equity research, education programs, and hospital-community partnerships. Comparable in mission focus on health equity and workforce, but operates as a national research arm rather than regional convener.

Emerging players

• National Hispanic Medical Association: National professional association representing Hispanic physicians and health professionals with a similar workforce-pipeline and health-equity mission to IOMC's ACHIEVE program. Comparable in target audience (underrepresented medical students, clinicians) and convening model, though at national scale versus IOMC's Chicago focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/iom_chicago
• Facebookfacebook.com/wildapricot
• LinkedInlinkedin.com/company/wild-apricot

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments

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Frequently asked questions about Institute of Medicine of Chicago