PlainPharmaWatch
CMS PY 2024 Company profile Open Payments data

ABIOMED

ABIOMED reported $11.2M in payments to physicians and teaching hospitals across 56,352 transactions in CMS Open Payments PY 2024.

Pharmaceutical payment transparency data for ABIOMED. Ranked #147 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.

Payment Overview

Total Payments

$11.2M

0.1% of all payments

Transactions

56,352

$199.42 avg

Recipients

55,933

$200.91 avg

Industry Rank

#147

of 1,797 companies

What the Data Shows for ABIOMED

In Program Year 2024, ABIOMED reported $11,237,715.84 in payments to 55,933 physicians and teaching hospitals across 56,352 individual transactions — an average of $199.42 per transaction and $200.91 per recipient. That total places ABIOMED at rank #147 out of 1,797 companies in the CMS Open Payments database, representing 0.1% of all industry payments reported nationwide for the year. Payment volume at this scale is characteristic of manufacturers with broad prescriber engagement, active clinical research programs, or patented therapies generating ongoing royalty obligations.

The payment mix for ABIOMED spans 9 distinct categories defined by CMS — including general payments (consulting, speaker fees, meals, travel), research payments tied to clinical trials, and ownership or investment interests. The largest single category is "Honoraria" at $4.3M, accounting for 38.0% of the company's reported total and 694 transactions. This distribution matters because different payment types carry different regulatory and ethical implications: research funding supports clinical development, while general payments like meals and speaker fees have been studied for their correlation with prescribing patterns in peer-reviewed journals such as JAMA Internal Medicine.

Recipient concentration is another useful lens. The top 5 recipients of payments from ABIOMED received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 55,933 recipients. A relatively distributed top-5 share suggests broader engagement across the prescriber community rather than concentration among a handful of high-value relationships. All figures above are drawn directly from the CMS Open Payments Public Use Files for PY2024 and are disclosed under the Physician Payments Sunshine Act; this page summarizes reported financial transfers and does not represent medical advice or judgment about individual prescribing decisions.

Payment Breakdown by Type

ABIOMED made 9 types of payments. "Honoraria" accounts for 38.0%.

Honoraria $4.3M

38.0% · 694 transactions

Food and Beverage $2.7M

24.0% · 52,626 transactions

Travel and Lodging $1.3M

11.8% · 2,238 transactions

Grant $774.5K

6.9% · 17 transactions

Consulting Fee $558.6K

5.0% · 55 transactions

Space Rental or Facility Fees $242.0K

2.2% · 18 transactions

Education $138.4K

1.2% · 15 transactions

Gift $13.3K

0.1% · 269 transactions

Payment Type Amount Transactions
Honoraria $4.3M 694
Food and Beverage $2.7M 52,626
Travel and Lodging $1.3M 2,238
Grant $774.5K 17
Consulting Fee $558.6K 55
Space Rental or Facility Fees $242.0K 18
Education $138.4K 15
Gift $13.3K 269
Compensation for Services Other Than Consulting $1.7K 1

Payment Size Analysis

Average transaction size: $199.42. Average per recipient: $200.91.

Total Amount

$11,237,715.84

Avg per Transaction

$199.42

Avg per Recipient

$200.91

Payment Transparency Context

The Physician Payments Sunshine Act (part of the Affordable Care Act) requires pharmaceutical and medical device manufacturers to report payments and transfers of value to physicians and teaching hospitals. These payments can include consulting fees, research grants, speaker fees, food and beverages, travel, royalties, and other forms of compensation.

Industry Total (2024)

$13.3B

across 1,797 companies

ABIOMED Share

0.1%

#147 by total payments

Frequently Asked Questions

How much did ABIOMED pay to physicians and hospitals in 2024?
ABIOMED made $11,237,715.84 in payments to physicians and hospitals in Program Year 2024, across 56,352 individual transactions. This represents 0.1% of all industry payments reported to CMS Open Payments.
How many physicians received payments from ABIOMED?
ABIOMED made payments to 55,933 physicians and teaching hospitals in 2024. The average payment per recipient was $200.91.
What types of payments did ABIOMED make?
ABIOMED made 9 different types of payments. The largest category was "Honoraria" at $4.3M, representing 38.0% of all payments.
How does ABIOMED rank among pharmaceutical companies?
ABIOMED ranks #147 out of 1,797 companies by total payment amount in the CMS Open Payments database for 2024.
What is the average payment size from ABIOMED?
The average transaction from ABIOMED was $199.42 in 2024. The company made 56,352 total transactions to 55,933 recipients.
Are the top recipients concentrated for ABIOMED?
The top 5 recipients received $0.00 from ABIOMED, representing 0.0% of the company's total payments. Payments are relatively well-distributed across recipients.
Where does the payment data for ABIOMED come from?
This data comes from the CMS Open Payments program (Sunshine Act), which requires pharmaceutical and medical device companies to report payments and transfers of value to physicians and teaching hospitals. The data covers Program Year 2024.

Data Source: Centers for Medicare & Medicaid Services (CMS) Open Payments, Program Year 2024. Data includes general payments, research payments, and physician ownership/investment interests as required by the Physician Payments Sunshine Act. Total industry payments: $13.3B across 1,797 companies.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainPharmaWatch Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the CMS Open Payments program. Consult a qualified professional before making decisions based on this data.