Indianapolis Medical Society

What Indianapolis Medical Society does

The Indianapolis Medical Society (IMS) is a private, non-profit professional membership organization founded in 1848 during the Indianapolis cholera epidemic, serving licensed physicians (M.D. and D.O.) in Marion County and adjacent counties of central Indiana. Its functional role is to operate as the local affiliate of the Indiana State Medical Association (ISMA) and the 7th District Medical Society — IMS membership requires concurrent membership in both — providing advocacy at local, state, and federal levels, continuing medical education (CME), a monthly publication (the IMS Bulletin, in print since 1848), a physician referral service covering over 1,800 physicians, and a portfolio of member discounts and benefits. The organization is led by elected physician officers (President Ann Collins, MD; Board Chair Monica Wehby, MD) and managed by a small executive team including Executive Vice President Morgan Perrill and Executive Director Kim Williams.

The Society's core products are membership itself, the IMS Bulletin, CME events accredited through ISMA, the Physician Referral Service, and the IMS Foundation (its wholly-owned charitable arm providing scholarships). Underlying technology is minimal and administrative: membership and applications are processed through Wild Apricot-powered membership software, the website is WordPress-based, and there is no proprietary AI, data, or platform technology. Distribution is direct — a website application portal, staff-assisted phone/email intake, and a cross-referral pipeline with ISMA — with the Bulletin distributed in print and digital to both members and non-member subscribers.

IMS monetizes through tiered annual membership dues (Active, 1st Year of Practice at 50% off, Resident/Fellow, and Affiliate at $325/year for physicians with primary membership elsewhere), Bulletin subscriptions ($40/year, $5 per additional copy), Bulletin advertising (monthly and yearly contracts reaching over 1,000 physician members and their families), and named sponsorships (Favorite Healthcare Staffing, I.C. Systems since 1993). Customer segments are exclusively licensed physicians — with primary members, residents/fellows, and affiliates as distinct tiers — and the business is structurally mutual: revenue funds member services rather than external shareholders. With 1-10 employees, a single Indianapolis office, and no disclosed revenue, IMS operates as a small, long-tenured professional society.

Name

Indianapolis Medical Society

Legal name

Indianapolis Medical Society

Website

https://indymedicalsociety.org

Company type

Private

Founded year

1848

Operating status

Operating

Headcount range

1–10 employees

Short description

The Indianapolis Medical Society is a 1848-founded non-profit professional membership organization serving licensed physicians (M.D. and D.O.) in greater Indianapolis, providing advocacy, CME, the monthly IMS Bulletin, physician referrals, and member discounts.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Dues: Annual membership dues from physicians (M.D. and D.O.) in greater Indianapolis area. Dues vary by status (Active, 1st Year of Practice, Resident/Fellow) and time of year. Affiliate membership for physicians with primary membership elsewhere: $325.00 annually.
2. IMS Bulletin Subscriptions: Monthly medical magazine subscription generating revenue from non-member subscribers. One-year subscription: $40.00; additional copies: $5.00 each; back issues: $5.00 each.
3. Bulletin Advertising: Advertising space sold in monthly IMS Bulletin, reaching over 1,000 physician members plus their patients, families, and friends. Offers monthly contracts, yearly discounts, and IMS member discounts. Complimentary website links and social media exposure included with print packages.
4. Sponsorships: Sponsorship opportunities for organizations partnering with IMS to provide benefits for physician members. Includes Favorite Healthcare Staffing and I.C. Systems as named sponsors.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Indianapolis Medical Society is a professional membership organization that sells annual physician memberships (Active, Affiliate, Resident/Fellow tiers) to licensed M.D. and D.O. physicians in the greater Indianapolis area. Core member benefits include legislative advocacy at local, state, and federal levels; the monthly IMS Bulletin publication; ISMA-accredited continuing medical education (CME) events; a physician referral service connecting patients with member doctors; networking opportunities; and member discounts on partner products and services.

Product overview

The Indianapolis Medical Society is a professional membership organization for licensed physicians (MDs and DOs) established in 1848, serving the greater Indianapolis area with over 1,000 members. The Society offers a core portfolio consisting of membership programs with tiered benefits, the IMS Bulletin (a monthly medical magazine published since 1848), and CME events accredited through ISMA. Additional offerings include a Physician Referral Service, IMS Foundation scholarships, Air Travel Insurance, and discount partnerships with Staples Business Advantage, Favorite Healthcare Staffing, iSalus OfficeEMR, and I.C. System. The organization is powered by Wild Apricot membership software.

Differentiator

Problem solved

Functional benefit

Brands

• Indianapolis Medical Society Foundation (IMSF): Foundation operated exclusively for charitable and educational purposes including scholarships to medical, nursing and allied health professionals; programs to encourage healthier lifestyles; educational programs; fundraising; and promotion of volunteerism.

Products and services

• Physician Membership Program
• IMS Bulletin (Monthly Medical Magazine)
• CME Events (Continuing Medical Education)

Named customers2 records

Segments3 records

Ideal customer profiles4 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 and minor.

• Favorite Healthcare StaffingcoreGTM or Marketing PartnerExclusive staffing provider partnership for IMS Members. Favorite Healthcare Staffing, exceeding client expectations since 1981, provides proven staffing and workforce solutions offering nursing, allied, advance practice, administrative, physicians, and healthcare informatics professionals. IMS Members receive preferred pricing.
• I.C. SystemscoreGTM or Marketing PartnerAmerica's largest privately-owned debt collection agency, partnered with IMS since 1993. Innovative collection solutions benefiting physician practice bottom lines. IMS Members receive discounted rates.
• Staples (Staples Business Advantage)minorGTM or Marketing PartnerBusiness Advantage program providing IMS Members with retail discounts and membership programs. Members can save money on office supplies, potentially covering membership fees.
• Indiana State Medical Association (ISMA)coreStrategic or Co-development PartnerState-level medical association. IMS membership requires ISMA membership. Applications route between organizations automatically. IMS representatives elected as Delegates and Alternate Delegates to ISMA convention.
• 7th District Medical SocietycoreStrategic or Co-development PartnerDistrict medical society comprising Marion and surrounding counties. IMS membership requires 7th District membership. Joint governance includes Trustees and Alternate Trustees from IMS leadership.
• American Medical Association (AMA)minorStrategic or Co-development PartnerNational medical association. AMA membership is not required for IMS membership, but IMS members must abide by AMA Principles of Medical Ethics.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Indiana State Medical Association (ISMA): State-level professional medical association serving Indiana physicians. ISMA is structurally linked to IMS through mandatory membership, automatic application cross-referrals, and overlapping leadership, making it the closest governance and operational peer.
• Allen County Medical Society (Fort Wayne, Indiana): County-level medical society serving Allen County physicians in Fort Wayne, Indiana. Closely comparable in size, governance, and member-benefit offering to IMS as a peer Indiana county society.
• Ohio State Medical Association: State-level professional medical association serving Ohio physicians. Comparable to IMS at the state level in structure, advocacy role, CME programming, and member-benefit delivery model.
• St. Joseph County Medical Society (South Bend, Indiana): County medical society serving St. Joseph County and the South Bend area. Same category of organization as IMS - a county-level physician membership society in Indiana.
• Michigan State Medical Society: State-level professional medical society serving Michigan physicians. Comparable peer organization operating the same county/state society membership model as IMS.
• Illinois State Medical Society: State-level professional medical society serving Illinois physicians. Comparable in mission, structure, and advocacy focus to IMS's state-level partner.
• 7th District Medical Society: District medical society covering Marion and surrounding counties. IMS membership requires 7th District membership and the organizations share joint governance through IMS trustees and alternate trustees.
• Lake County Medical Society (Indiana): County-level medical society in Indiana serving Lake County and northwest Indiana physicians. Comparable structure, member services, and mission to IMS as a peer Indiana county society.

Broad incumbents

• American Medical Association (AMA): National umbrella organization for U.S. physicians. AMA membership is not required for IMS but IMS members must abide by AMA Principles of Medical Ethics, making AMA a national-scale peer in the physician association category.

Emerging players

• Indiana Academy of Family Physicians: Indiana chapter of a national specialty society. Comparable as a competing physician membership organization in Indiana that overlaps with IMS members on family medicine.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/IndianapolisMedicalSociety
• LinkedInlinkedin.com/company/indianapolis-medical-society
• Xx.com/Indymedicalsoc1

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 Indianapolis Medical Society