What coastal virginia medical society does

The Coastal Virginia Medical Society (CVMS) is a 501(c)(6) non-profit professional membership organization representing physicians and surgeons across Norfolk, Chesapeake, and Virginia Beach, Virginia. Founded on January 17, 2023 through the merger of the Norfolk Academy of Medicine, Chesapeake Medical Society, and Virginia Beach Medical Society, the society provides a unified regional advocacy voice, continuing medical education (CME) delivered in partnership with Eastern Virginia Medical School and Old Dominion University, delegate representation at the Medical Society of Virginia, and structured networking through quarterly dinner meetings and the CVMS Bulletin newsletter. The core product surface is service-based rather than technology-based: advocacy and policy proposals, member benefit programs (insurance discounts, practice support, recruitment), CME programming, the CVMS Bulletin newsletter, and a patient health-literacy platform. A companion 501(c)(3) entity, the Coastal Virginia Medical Foundation, funds scholarships, emergency aid, and charitable health programs through tax-deductible donations, grants, and fund-raising events. The society also offers a Remote Patient Monitoring service via a partnership with TrueBlueMD, which provides Medicare-reimbursable connected devices to patients. The technology stack is lightweight — a website, email newsletter, social media presence (Facebook, LinkedIn), and RSS feeds — with no proprietary technology products. The business model is built on annual member dues (standard physician membership $240/year; free for medical students, 50% off for residents/fellows), supplemented by corporate sponsorships (TowneBank, MSVIA, Professional Risk), newsletter/website advertising, donations to the Foundation, and grants. The society is targeting a potential member base of approximately 1,000 physicians in its three-city footprint, with an internal business-plan projection of 300 members in its first year.

Name

coastal virginia medical society

Legal name

Coastal Virginia Medical Society

Website

https://cvmedicalsociety.org

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Coastal Virginia Medical Society is a 501(c)(6) non-profit membership organization formed in 2023 by merging three regional physician societies in Norfolk, Chesapeake, and Virginia Beach. It delivers advocacy, CME, networking, and member benefits to physicians in Eastern Virginia.

Ownership category

akta.pro rank

Product category

Professional Medical Society

NAICS

Professional Organizations (813920), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813)

SIC

Services-Membership Organizations (8600), Services-Misc Health & Allied Services, Nec (8090)

akta.pro primary industry

Hospitals, Clinics & Charitable Healthcare Providers (BPAGACAB)

akta.pro secondary industries

Healthcare Clinical Professions (CME/CE for Nurses, Allied Health, Pharmacy) (EDAAALAC), Healthcare Licensing, Accreditation & Credentialing Boards (HLAJACAC)

Keywords

• Physician advocacy services
• Medical society membership
• Continuing medical education
• Healthcare policy advocacy
• Physician networking events

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Dues: Primary revenue stream from annual membership dues. The business plan projects $250 per member annually with an estimated 300 members in the first year.
2. Donations and Grants: Tax-deductible donations to the 501(c)(3) Coastal Virginia Medical Foundation, including individual donations, estate gifts, and grants from organizations.
3. Advertising and Sponsorships: Revenue from local businesses advertising in the CVMS newsletter and on the website, plus corporate sponsorships from companies like TowneBank and MSVIA.
4. Foundation Revenue: The 501(c)(3) Foundation receives funding through membership dues, donations, grants, sponsorships, fund-raising events, raffles, auctions, advertisements, estate sales, life insurance benefits, and wills/trust funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Coastal Virginia Medical Society is a 501(c)(6) nonprofit professional medical society that delivers advocacy, continuing medical education, networking events, and member benefits to physicians and healthcare providers in Norfolk, Chesapeake, and Virginia Beach. It also operates a companion 501(c)(3) Coastal Virginia Medical Foundation that funds scholarships, emergency aid, free clinics, and physician wellness programs.

Product overview

Coastal Virginia Medical Society is a professional medical society (501(c)(6) organization) representing physicians in Norfolk, Chesapeake, and Virginia Beach, Virginia. Formed in January 2023 through a merger of the Norfolk Academy of Medicine, Chesapeake Medical Society, and Virginia Beach Medical Society, the organization provides a unified voice for healthcare advocacy, member benefits, continuing medical education, and professional networking. The society's offerings include the CVMS Bulletin newsletter, remote patient monitoring services, medical recruitment support, health literacy resources, and member discount programs. Its subsidiary, the Coastal Virginia Medical Foundation (501(c)(3)), handles charitable healthcare initiatives and scholarships.

Differentiator

Problem solved

Functional benefit

Products and services

• CVMS Membership Annual membership program for physicians and healthcare providers in Eastern Virginia providing advocacy representation, networking, CME, business resources, and member discounts.
• CVMS Bulletin Newsletter Official monthly newsletter of CVMS that lists physician concerns about healthcare, provides potential solutions, and informs members about local and state healthcare developments.
• Medical Advocacy Services Professional advocacy and representation for members regarding healthcare policy, including delegate representation at the Medical Society of Virginia Annual Meeting and state legislative advocacy.
• Member Benefits Program Discounts and benefits program for members including access to law firms, accounting firms, banks, insurance providers, medical supply companies, restaurants, events, dental discounts, risk management, IT services, and web/marketing resources.
• Medical Recruitment Services Program connecting medical employers with applicants, providing position listings and candidate matching for physicians, PAs, NPs, and other healthcare professionals through the CVMS platform.
• Continuing Medical Education (CME) Medical education programs in collaboration with Eastern Virginia Medical School and Old Dominion University, including CME topics, business courses, leadership training, and professional development.
• Networking and Social Events Regular meetings, mixers, dinners, quarterly membership meetings, and social gatherings including visits to local attractions, designed to foster camaraderie among members and provide opportunities for fellowship.
• Health Literacy Hub Health literacy resources for patients and providers including articles, videos, webinars, and the Healthier757 interactive patient education program with prescription forms for providers to direct patients to specific health education content.
• Remote Patient Monitoring Service Medicare-approved remote patient monitoring service providing wireless 4G monitoring equipment (blood pressure device, glucometer, pulse oximeter, weight scale) to patients for remote tracking of chronic illnesses, with data transmitted to the patient's primary care physician.

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, significant and minor.

• Eastern Virginia Medical School (EVMS)coreStrategic or Co-development PartnerCollaboration with EVMS on providing CME programs for members, medical student mentorship, and assistance with student/resident education on business, finance, leadership, and burnout prevention topics not typically covered in medical school curricula.
• Old Dominion University (ODU)coreStrategic or Co-development PartnerCollaboration with ODU on developing CME programs and educational activities for the membership, similar to the EVMS partnership.
• Medical Society of Virginia (MSV)coreStrategic or Co-development PartnerCVMS sends delegates to MSV Annual Meeting in October to participate in discussions, vote on resolutions, and advocate for policies affecting physicians in Eastern Virginia. CVMS submits proposals and resolutions to MSV.
• Medical Society of Northern Virginia (MSNVA)significantGTM or Marketing PartnerMSNVA shares its member benefits program (insurance, financial services discounts) with CVMS members. CVMS members are eligible for deep discounts on insurance products brokered through Northwestern Mutual.
• Health Career ServicesminorChannel Partner/ Reseller/ DistributorRecruitment services partnership where Health Career Services places physicians, PAs, NPs, and other healthcare professionals. CVMS members receive additional discounts on placement fees.
• John J. Krueger, MD FoundationsignificantStrategic or Co-development PartnerFoundation partner supporting scholarships and medical education. Works with CVMS on the Krueger Medical Scholars Program to assist high school students in observing and shadowing physicians.
• Access CollegeminorGTM or Marketing PartnerPartnership to assist high school students in exploring healthcare careers through the Krueger Medical Scholars Program, helping students decide if a career in healthcare is right for them.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Medical Society of Virginia: Statewide professional medical society for Virginia physicians. CVMS is a regional component society of MSV and sends delegates to MSV's annual meeting; they share the same membership/advocacy mission at different geographic scopes.
• American Medical Association: National professional association for physicians. CVMS explicitly differentiates from AMA by offering local/individual advocacy that AMA cannot provide; competes for physician dues and identity at the national tier.
• American College of Physicians: National specialty society for internists. CVMS explicitly cites ACP as a competitor it differentiates against on local advocacy and individual physician support — comparable mission (physician advocacy, education, CME) at broader scope.

Others

• Florida Medical Association: Statewide professional medical society in another state. Comparable organizational structure (state-level physician advocacy, CME, member benefits) but geographically distinct; useful proxy for understanding physician-society economics.
• Norfolk Academy of Medicine: One of the three legacy predecessor societies dissolved into CVMS in 2023. Included as a historical peer representing the same physician-advocacy role within Norfolk that CVMS now fulfills region-wide.

Direct peers

• Medical Society of Northern Virginia: Regional medical society serving Northern Virginia physicians. MSNVA is a GTM/marketing partner with CVMS, sharing member benefit programs (insurance via Northwestern Mutual) — same regional medical society model serving an adjacent Virginia geography.
• Tricounty Medical Society: Regional medical society whose Executive Director (Susan Herring) advised CVMS's founding. Comparable as a peer regional/county-level physician membership organization with similar governance and advocacy functions.

Regional players

• Richmond Academy of Medicine: Regional medical society serving Richmond, Virginia physicians. Operates the same county/regional society model as CVMS in a different Virginia geography, providing a comparable peer for member benefits, advocacy, and CME programming.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100089886278176
• LinkedInlinkedin.com/company/coastal-virginia-medical-society

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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