TOP 10 ORTHO COMPANY PHYSICIAN PAYMENTS (Orthopedics This Week)
[ You can search payments for any physician or from any company HERE ]
The latest 2016 Open Payments update from the Centers of Medicare and Medicaid Services (CMS) has been posted for payments from industry to physicians and teaching hospitals.
We looked at the top 10 publicly traded orthopedic and spine device companies that paid a total of $434 million to 83,600 physicians and teaching hospitals in 2016. The actual number of physicians may be less due to receiving payments from multiple companies.
Average payments from companies to the physicians and hospitals were primarily for royalties (61%) and consulting or other services (19%). The vast majority of payments from orthopedic and spine companies went to physicians, not teaching hospitals.
Here, in a chart, is what we found.
Source: Centers for Medicare and Medicaid Services
Large Physician Payments
Zimmer Biomet paid 8 physicians over $1 million.
DePuy Synthes paid only 340 physicians, but 26 of those received over $1 million each, while 6 of those physicians received over $2 million.
Stryker paid 9 physicians over $1 million each.
Medtronic Sofamor Danek pa...
