Royal Philips

Big 100 rank: 3
2018 revenue: $21,413,585,700
2018 general payments: $8.4 million (0.04% of revenue)

Royal Philips through its Philips Electronics subsidiary made $7.9 million in general payments to 15,613 physicians in 2018.

• Royalty or licenseRoyalty or licenseRoyalty or other payment that is based on the sales of products that use physician intellectual property, according to CMS. : $3.6 million (44.8%)
• Consulting feeConsulting feePayments are made to physicians for advice and expertise on medical products/treatment, according to CMS Open Payments data. It is typically provided under a written agreement in response to a business need. The amount of money in the payment varies depending on a physician's expertise.: $1.9 million (23.6%)
• Food and beverageFood and beverageFood and beverage costs are associated with food and drinks provided during an open house for a new distributor center. Reporting is not necessary when meals and snacks are made available to all conference attendees. The exemption doesn't apply to meals provided to select attendees at conferences. : $765,600 (9.6%)
• Travel and lodgingTravel and lodgingTravel and lodging expenses are reported for things like interviewing prospective employees, according to CMS.: $665,500 (8.4%)
• Compensation for serving as faculty or as a speaker for an accredited or certified continuing education program: $596,500 (7.5%)
• HonorariaHonorariaSimilar to a consulting fee, Honoraria is reserved for a one-time, short duration activity, according to CMS. The payments are generally provided for services that prohibit a price from being set.: $240,700 (3.0%)
• Compensation for services other than consultingCompensation for services other than consultingThese are payments made to physicians for speaking, training or education engagements that are not for continuing education, according to CMS. , including serving as faculty or as a speaker at a venue other than a continuing education program: $206,500 (2.6%)
• EducationEducationEducation includes payments or transfers of value for classes, activities, programs and events that involve reporting/acquiring of particular knowledge and skills, according to CMS. Payments can include things like textbooks and medical journal articles. : $26,800 (0.3%)
• EntertainmentEntertainmentEntertainment payments include attendance at recreational, cultural, sporting or other events, according to CMS. : $6,700 (0.1%)
• GiftGiftGift is a general category that includes any payments to physicians or teaching hospitals that don't fit into other categories. : $212 (0%)

The company also made $526,000 in general payments to 48 teaching hospitals.

• Compensation for services other than consultingCompensation for services other than consultingThese are payments made to physicians for speaking, training or education engagements that are not for continuing education, according to CMS. , including serving as faculty or as a speaker at a venue other than a continuing education program: $178,200 (33.9%)
• GrantGrantGrant payments go toward physicians or teaching hospitals in support of a specific cause or activity, according to CMS. : $160,500 (30.5%)
• Space rental or facility feesSpace rental or facility feeThese payments are fees for renting space or facilities in a teaching hospital, according to CMS.: $96,700 (18.4%)
• Consulting feeConsulting feePayments made to physicians for advice and expertise on medical products/treatment, according to CMS Open Payments data. It is typically provided under a written agreement in response to a business need. The amount of money in the payment varies depending on the physician's expertise.: $46,200 (7.6%)
• Royalty or licenseRoyalty or licenseRoyalty or other payment that is based on the sales of products that use physician intellectual property, according to CMS. : $40,200 (7.6%)
• EducationEducationEducation includes payments or transfers of value for classes, activities, programs and events that involve reporting/acquiring of particular knowledge and skills, according to CMS. Payments can include things like textbooks and medical journal articles. : $4,600 (0.9%)
• Food and beverageFood and beverageFood and beverage costs are associated with food and drinks provided during an open house for a new distributor center. Reporting is not necessary when meals and snacks are made available to all conference attendees. The exemption doesn't apply to meals provided to select attendees at conferences. : $57 (0%)

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