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These medical device companies pay doctors the most money

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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 license: $3.6 million (44.8%)
  • Consulting fee: $1.9 million (23.6%)
  • Food and beverage: $765,600 (9.6%)
  • Travel and lodging: $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%)
  • Honoraria: $240,700 (3.0%)
  • Compensation for services other than consulting, including serving as faculty or as a speaker at a venue other than a continuing education program: $206,500 (2.6%)
  • Education: $26,800 (0.3%)
  • Entertainment: $6,700 (0.1%)
  • Gift: $212 (0%)

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

  • Compensation for services other than consulting, including serving as faculty or as a speaker at a venue other than a continuing education program: $178,200 (33.9%)
  • Grant: $160,500 (30.5%)
  • Space rental or facility fees: $96,700 (18.4%)
  • Consulting fee: $46,200 (7.6%)
  • Royalty or license: $40,200 (7.6%)
  • Education: $4,600 (0.9%)
  • Food and beverage: $57 (0%)

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