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You are here: Home / Business/Financial News / CMS Open Payments: Top medical device spenders

CMS Open Payments: Top medical device spenders

July 1, 2015 By Brad Perriello Leave a Comment

CMS Open PaymentsForty medical device companies paid out a collective $872.3 million to hospitals and doctors last year, including $652.7 million in general payments and $219.6 million in research grants, according to the Open Payments database compiled by the Centers for Medicare & Medicaid Service.

The Open Payments program, created under the Affordable Care Act with the aim of improving transparency, requires device and drug manufacturers to report payments to healthcare providers for things like speaking engagements about their products and research grants. General payments can include such costs as travel and lodging and food and beverages.

The report, in its 2nd year, lists 11.4 million payments to 607,000 physicians and more than 1,100 teaching hospitals made by 1,444 companies. U.S. doctors and research hospitals collected nearly $6.5 billion in payments for services rendered to medical device and pharmaceutical companies in 2014.

Not surprisingly, the world’s largest medtech makers topped the list of medical device companies. Medtronic (NYSE:MDT) reported dropping $133.4 million in general payments and another $56.5 million in research grants, for a total of $189.9 million (21.8% of the total for the 40 companies). Johnson & Johnson (NYSE:JNJ) said it paid out $102.6 million to docs and hospitals and $32.5 million in research grants, for a total of $135.0 million or 15.5% of the total. Third up was Stryker (NYSE:SYK), reporting general payments of $73.1 million and research grants of $5.7 million, for a total of $78.8 million or 9.0% of the total.

Here’s a look at how the payments broke down for 40 of the largest medical device makers:

Company General Research Total
Medtronic $133,435,541 $56,505,542 $189,941,083
Johnson & Johnson $102,557,688 $32,459,001 $135,016,690
Stryker $73,135,901 $5,689,436 $78,825,337
Zimmer $50,781,224 $2,945,652 $53,726,876
St. Jude Medical $46,314,531 $7,293,312 $53,607,843
Edwards Lifesciences $6,846,746 $44,028,352 $50,875,097
Boston Scientific $26,269,132 $18,405,660 $44,674,792
Smith & Nephew $41,802,547 $2,462,420 $44,264,967
Intuitive Surgical $29,107,086 $377,273 $29,484,359
Alcon (Novartis) $20,794,876 $3,438,723 $24,233,599
Abbott $11,892,686 $12,272,052 $24,164,738
NuVasive $22,175,132 $484,018 $22,659,150
Bayer HealthCare $10,950,400 $11,174,438 $22,124,838
Baxter $6,989,791 $6,224,416 $13,214,207
Siemens Healthcare $11,397,626 $1,492,400 $12,890,027
Wright Medical $12,092,697 $108,085 $12,200,782
GE Healthcare $5,749,565 $4,630,828 $10,380,393
B. Braun $6,361,682 $1,021,123 $7,382,805
C.R. Bard $6,549,118 $775,866 $7,324,984
Philips Electronics North America $3,975,923 $2,134,861 $6,110,784
Olympus $4,596,710 $1,273,247 $5,869,957
Orthofix $4,093,068 $398,724 $4,491,792
HeartWare $1,561,116 $1,664,084 $3,225,200
Fujifilm $2,455,951 $104,837 $2,560,789
Masimo $2,433,149  n/a $2,433,149
Thoratec $1,161,293 $198,195 $1,359,488
3M $1,256,137 $103,195 $1,359,332
Fresenius $613,005 $449,368 $1,062,373
Getinge (Maquet) $1,004,645 $31,790 $1,036,434
Toshiba Medical $619,766 $401,163 $1,020,929
Cardinal Health $961,630 n/a $961,630
Terumo $616,991 $156,302 $773,293
Accuray $252,499 $336,817 $589,316
NxStage Medical $461,153 $82,360 $543,513
Insulet $528,430  n/a $528,430
Arthrocare $418,620 $35,389 $454,009
ResMed $99,271 $319,076 $418,346
Greatbatch $213,018  n/a $213,018
Beckman Coulter (Danaher) $102,271 $100,000 $202,271
Hitachi $70,436 n/a $70,436

Material from Reuters was used in this report.

Filed Under: Business/Financial News Tagged With: Centers for Medicare and Medicaid Services (CMS), Physician Payment Sunshine Act

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