BOSTON SCIENTIFIC CORPORATION
BOSTON SCIENTIFIC CORPORATION reported $91.6M in payments to physicians and teaching hospitals across 271,319 transactions in CMS Open Payments PY 2024.
Pharmaceutical payment transparency data for BOSTON SCIENTIFIC CORPORATION. Ranked #29 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.
Payment Overview
Total Payments
$91.6M
0.7% of all payments
Transactions
271,319
$337.43 avg
Recipients
265,585
$344.72 avg
Industry Rank
#29
of 1,797 companies
What the Data Shows for BOSTON SCIENTIFIC CORPORATION
In Program Year 2024, BOSTON SCIENTIFIC CORPORATION reported $91,552,312.41 in payments to 265,585 physicians and teaching hospitals across 271,319 individual transactions — an average of $337.43 per transaction and $344.72 per recipient. That total places BOSTON SCIENTIFIC CORPORATION at rank #29 out of 1,797 companies in the CMS Open Payments database, representing 0.7% 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 BOSTON SCIENTIFIC CORPORATION spans 10 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 "Compensation for Services Other Than Consulting" at $16.8M, accounting for 18.3% of the company's reported total and 8,765 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 BOSTON SCIENTIFIC CORPORATION received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 265,585 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
BOSTON SCIENTIFIC CORPORATION made 10 types of payments. "Compensation for Services Other Than Consulting" accounts for 18.3%.
18.3% · 8,765 transactions
17.3% · 1,024 transactions
11.3% · 232,443 transactions
7.9% · 3,345 transactions
6.3% · 19,788 transactions
5.1% · 16 transactions
0.5% · 1 transactions
0.3% · 48 transactions
| Payment Type | Amount | Transactions | % of Total |
|---|---|---|---|
| Compensation for Services Other Than Consulting | $16.8M | 8,765 | 18.3% |
| Grant | $15.8M | 1,024 | 17.3% |
| Food and Beverage | $10.3M | 232,443 | 11.3% |
| Consulting Fee | $7.3M | 3,345 | 7.9% |
| Travel and Lodging | $5.8M | 19,788 | 6.3% |
| Acquisitions | $4.6M | 16 | 5.1% |
| Royalty or License | $480.8K | 1 | 0.5% |
| Long-Term Medical Supply or Device Loan | $281.3K | 48 | 0.3% |
| Charitable Contribution | $38.0K | 4 | 0.0% |
| Education | $20.3K | 151 | 0.0% |
Payment Size Analysis
Average transaction size: $337.43. Average per recipient: $344.72.
Total Amount
$91,552,312.41
Avg per Transaction
$337.43
Avg per Recipient
$344.72
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
BOSTON SCIENTIFIC CORPORATION Share
0.7%
#29 by total payments
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Frequently Asked Questions
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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.
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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.
Read our methodology — how this data is sourced, computed, and verified.
