Richmond Academy of Medicine

What Richmond Academy of Medicine does

The Richmond Academy of Medicine (RAM) is a nonprofit professional medical society headquartered in Richmond, Virginia, founded in 1820. It is the oldest and largest medical society in Virginia, serving approximately 2,100 physicians, residents, medical students, and allied healthcare professionals across 47 specialties. The organization delivers advocacy, networking, continuing medical education, and member benefits to the regional medical community, with its influence amplified by its location in the state capital.

RAM operates on a tiered membership model with annual dues structured as follows: Active ($350), Associate ($350), Non-Resident ($50), Courtesy ($30), Life ($50), and Student ($20). Beyond membership, the society operates three named programmatic verticals: Access Now, which coordinates specialty care for uninsured patients in the Richmond region; Honoring Choices Virginia, a statewide advance care planning initiative; and RYPE 'N RVA, a program targeting early-career physicians. A Women In Focus Committee and an active Legislative Committee round out the programmatic portfolio. Through its for-profit subsidiary RAM Services Corporation (RAMSC), RAM also delivers association management services to 11 specialty medical societies, generating fee-based revenue outside the core membership line.

The organization is governed by a board of directors and supported by 11 full-time staff. Operations run on YourMembership.com, a third-party off-the-shelf association management SaaS platform that handles dues processing, event registration, and member directories. Revenue is derived primarily from membership dues and RAMSC management fees; the organization has not disclosed audited financials, external funding rounds, acquisitions, or technology investments of any notable scale.

Name

Richmond Academy of Medicine

Legal name

Richmond Academy of Medicine, Inc

Website

https://ramdocs.org

Company type

Private

Founded year

1820

Operating status

Operating

Headcount range

11–50 employees

Short description

The Richmond Academy of Medicine is a nonprofit professional medical society founded in 1820 in Richmond, VA, serving 2,100+ physicians across 47 specialties through advocacy, CME, networking, and association management services delivered via its RAMSC subsidiary.

Ownership category

akta.pro rank

Product category

Professional Medical Association Services

NAICS

Business, Professional, Labor, Political, and Similar Organizations (8139)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Healthcare Clinical Professions (CME/CE for Nurses, Allied Health, Pharmacy) (EDAAALAC)

Keywords

• Medical society
• Physician membership
• Legislative advocacy
• Association management
• Professional networking

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Dues: RAM generates revenue through annual membership dues across multiple categories: Active Membership at $350/year, Associate Membership at $350/year, Non-Resident Membership at $50/year, Courtesy Membership at $30/year (for interns, residents, fellows), Student Membership at $20/year (for M1-M4 VCU medical students), and Life Membership at $50/year for retired members meeting eligibility criteria.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Richmond Academy of Medicine is a physician membership organization that sells annual memberships in multiple tiers (Active, Associate, Non-Resident, Courtesy, Student, Life) to physicians and healthcare providers in the Greater Richmond Metro area. Members receive legislative and regulatory advocacy, networking across 47 specialty areas, weekly and quarterly publications, CME/MOC opportunities through endorsed partners, and access to events and member benefits. The organization also runs RAM Services Corporation (RAMSC), which sells association management services to specialty medical societies.

Product overview

The Richmond Academy of Medicine is Virginia's oldest and largest medical society offering a comprehensive membership-based platform. The core offering is RAM Membership Services providing advocacy, networking, and professional development for over 2,100 area healthcare professionals. Key sub-products include RAM Services Corporation (RAMSC) offering association management services to specialty medical societies, Honoring Choices Virginia delivering advance care planning training and facilitation, Access Now connecting uninsured patients with healthcare resources, and the Member Benefits Program providing insurance and financial planning services. Additional offerings include RYPE 'N RVA for early-career physicians, Women In Focus Committee for professional networking, and a Legislative Committee for advocacy. The organization also hosts educational events and publishes news content through RAMifications and Leg.Up newsletters.

Differentiator

Problem solved

Functional benefit

Products and services

• RAM Membership Program
• RAM Services Corporation (RAMSC)

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

23 partnerships are on record, tiered core, major and minor.

• Medical Society of Virginia (MSV)coreStrategic or Co-development PartnerRAM maintains a close affiliation with the Medical Society of Virginia as a component society. RAM serves as a delegate body to MSV, with Legislative Committee members serving as RAM Delegates to MSV. RAM members participate in MSV Spring Meeting and Annual Meetings, MSV PAC promotion, and White Coat Days at the General Assembly. MSV Government Relations team presents at RAM general membership meetings.
• The Doctors Company (TDC)majorGTM or Marketing PartnerEndorsed partner providing medical malpractice insurance to RAM members. Benefits include claims-free credit of up to 25% for eligible members, 5% discount for RAM members, free retirement tail coverage for qualified members, free web-based and live CME, monthly e-newsletter The Doctor's Practice, and participation in The Tribute Plan.
• MSVIA (MSV Insurance Agency)minorGTM or Marketing PartnerEndorsed insurance partner of RAM, providing insurance products and services to member physicians.
• Access NowcoreStrategic or Co-development PartnerProgram under RAM's umbrella providing healthcare access resources for uninsured and underinsured patients in the Richmond area. RAM provides governance representation with Access Now representative on Finance and Budget Committee.
• Honoring Choices VirginiacoreStrategic or Co-development PartnerStatewide advance care planning initiative operated by RAM. Eleanor Jones serves as Honoring Choices Virginia Director at RAM. RAM provides QADF (Qualified Advance Directive Facilitator) training in partnership with Virginia Department of Behavioral Health and Developmental Services (DBHDS).
• Truist Private Wealth Medical Specialty GroupminorGTM or Marketing PartnerFinancial planning partner offering RAM members complimentary comprehensive financial plans, complimentary insurance policy reviews, Medicare enrollment consultations, and estate planning guidance.
• Long-Term Care ConsultantsminorGTM or Marketing PartnerMember benefits partner providing long-term care plan assistance, policy reviews at discounted rates, educational seminars, and caregiver resource assistance.
• 1752 FinancialminorGTM or Marketing PartnerInsurance partner offering RAM members 10% discount on long-term care insurance and up to 20% discount on disability insurance.
• MemberDeals ( Entertainment and Travel Benefits)minorGTM or Marketing PartnerExclusive member discount program providing up to 60% savings on theme parks, hotels, concerts, movie tickets, and access to Disney, Universal, Cirque du Soleil, and SeaWorld.
• Virginia Chapter, American College of SurgeonsminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella, providing governance, meeting management, communications, financial management, and membership services.
• Virginia Society of Otolaryngology - Head and Neck SurgeryminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Virginia Radiological SocietyminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Virginia Academy of Sleep MedicineminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Virginia Society of RheumatologyminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Virginia Dermatology SocietyminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Virginia Bariatric SocietyminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Richmond Pediatric SocietyminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this local specialty society under the RAMSC umbrella.
• Virginia Podiatric Medical AssociationminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this specialty society under the RAMSC umbrella.
• Virginia Society of the Sons of the RevolutionminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this hereditary organization under the RAMSC umbrella.
• Maryland Sleep SocietyminorChannel Partner/ Reseller/ DistributorRAM Services Corporation manages this out-of-state specialty society under the RAMSC umbrella.
• American Medical Association (AMA)majorStrategic or Co-development PartnerNational medical association affiliation. RAM is connected to AMA through organized medicine hierarchy. Legislative Committee stays informed about AMA legislative policies and positions.
• CCVS (Central Virginia Collaborative)minorStrategic or Co-development PartnerCCVS representative participates on RAM Finance and Budget Committee. Collaborative healthcare initiative in Central Virginia.
• YourMembership.comcoreTechnology or IntegrationAssociation management software provider powering RAM's website, membership database, event management, email marketing, and member portal functionality.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Florida Medical Association: Florida's statewide physician society advocating for members through legislative engagement, education, and practice resources. Comparable to RAM in core mission as a state-level physician advocacy organization.
• California Medical Association: California's statewide medical society representing physicians through advocacy, practice tools, and education. Comparable to RAM in core advocacy-and-membership mission, though operating at much larger scale.
• American Medical Association: The national medical association offering physician advocacy, networking, and education at a national scale. AMA competes for physician dues and engagement and is part of RAM's broader organized-medicine hierarchy.
• Texas Medical Association: One of the largest state medical associations in the U.S., providing physician advocacy, continuing education, and member benefits in Texas. Comparable to RAM as a state-level physician society with a similar advocacy model.
• Medical Association of Georgia: The statewide medical society of Georgia serving physicians through advocacy, education, and member benefits. Operates a similar membership and advocacy model to RAM at the state level.
• Medical Society of the State of New York: A statewide physician membership organization offering legislative advocacy, CME, and member services in New York. Comparable to RAM as a state-level medical society with similar advocacy and membership dues model.
• Pennsylvania Medical Society: The statewide medical society representing Pennsylvania physicians with advocacy, practice management, and education programs. Directly comparable to RAM in mission and physician-membership structure.
• Tennessee Medical Association: Tennessee's statewide physician membership organization providing advocacy, education, and member services. Comparable to RAM as a state-level medical society with similar value proposition to physician members.
• Massachusetts Medical Society: Massachusetts' statewide physician society and publisher of the New England Journal of Medicine. Comparable to RAM as a state-level medical association providing advocacy, education, and member services.

Direct peers

• Medical Society of Virginia: The statewide medical society of which RAM is a component society. MSV and RAM share a mutual affiliate relationship with overlapping advocacy missions; MSV serves as the parent-level peer in the same physician-association category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/RichmondDocs
• Xx.com/RichmondDocs
• LinkedInlinkedin.com/company/richmond-academy-of-medicine

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Richmond Academy of Medicine