Which 3 companies paid Pennsylvania, New Jersey & Delaware physicians the most in 2016? 5 insights

CMS revealed pharmaceutical and medical device companies paid physicians in Pennsylvania, New Jersey and Delaware $148 million in 2016, according to Philadelphia Business Journal.

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CMS compiled the data as part of the Physician Payment Sunshine Act.

 

Here are five insights:

 

1. The payment broke down as follows:

 

• Compensation for activities other than consulting: $46.3 million
• Royalty/licensing: $44.6 million

 

2. The following companies topped the list for payments in the geographical area:

 

• Genentech: $11 million
• Zimmer Biomet: $7.7 million
• Stryker: $5 million

 

3. Orthopedic surgeons received the highest payments for royalties or licensing fees related to their inventions, and made up 13 of the top 20-paid physicians in the region.

 

4. Philadelphia-based Rothman Institute physicians represented four of the top-five paid.

5. Carl Deirmengian, MD, of Rothman Institute, ranked as the highest paid physician with $13.7 million in royalty and license payments in 2016. A large chunk of that money came from Zimmer Biomet. Dr. Deirmengian specializes in hip and knee replacements.

 

More articles on practice management:
Top 10 medical schools leaving students with the highest student debt totals – Nova Southeastern University ranks No 1. with $259,422
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