Dr. Miller Case Study Result
Measuring the social benefit opportunities created via utilization of non-profit ownership in distribution now available in medical device supply
Joshua A. Miller, M.D. (Neurosurgery, University of Tennessee, Knoxville)
The author evaluates a newly available system that surgeons can utilize for distribution of medical devices. The goal of this study is to present the significant economic opportunity that lies within the distribution of medical devices and measure the benefits created.
Analysis and Results
By donating the financial units of ownership in On-Belay Medical, LLC to the National Christian Foundation (their largest shareholder) the mechanisms of distribution and surgical support create significant opportunities for philanthropy. Working in conjunction with the NCF, the surgeon becomes a most valuable resource. The surgeon is enabled by the NCF to help advise on the direction of donations, such as: community relief, medical research, international medical mission, ministries, etc. It is required, that the donations are directed to other legally established 501(c)3 non-profits.
- All surgeries were performed Joshua A, Miller, MD (Neurosurgery, University of Tennessee Medical Center, Knoxville) and performed in one (1) calendar month.
- Non-profit benefits are calculated by means of the exact dividend created and the distribution received by the 501(c)3 non-profit, National Christian Foundation.
September 2014 – Dr. Josh Miller, devices supplied by On-Belay Medical
October 2014 – Distribution received by the NCF
Beneficiary: KARM, (Knoxville Area Rescue Ministry)
Impact: Donations provided one night of shelter and services at KARM’s Crossroads Welcome Center for 426 people and 1,278 meals (breakfast, lunch and dinner).
Beneficiary: World Water Project, TIVA Water, (International Clean Water Mission)
Impact: Donations provide safe drinking water in Uganda, Africa for 50 people for 10-20 years. 5,000 children die daily from water borne illnesses (World Health Organization).