PlainPharmaWatch
CMS PY 2024 Company profile Open Payments data

GENESYS ORTHOPEDICS SYSTEMS, L.L.C.

GENESYS ORTHOPEDICS SYSTEMS, L.L.C. reported $837.2K in payments to physicians and teaching hospitals across 362 transactions in CMS Open Payments PY 2024.

Pharmaceutical payment transparency data for GENESYS ORTHOPEDICS SYSTEMS, L.L.C.. Ranked #621 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.

Payment Overview

Total Payments

$837.2K

0.0% of all payments

Transactions

362

$2.3K avg

Recipients

362

$2.3K avg

Industry Rank

#621

of 1,797 companies

What the Data Shows for GENESYS ORTHOPEDICS SYSTEMS, L.L.C.

In Program Year 2024, GENESYS ORTHOPEDICS SYSTEMS, L.L.C. reported $837,199.98 in payments to 362 physicians and teaching hospitals across 362 individual transactions — an average of $2.3K per transaction and $2.3K per recipient. That total places GENESYS ORTHOPEDICS SYSTEMS, L.L.C. at rank #621 out of 1,797 companies in the CMS Open Payments database, representing 0.0% 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 GENESYS ORTHOPEDICS SYSTEMS, L.L.C. spans 5 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 "Royalty or License" at $530.9K, accounting for 63.4% of the company's reported total and 15 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 GENESYS ORTHOPEDICS SYSTEMS, L.L.C. received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 362 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

GENESYS ORTHOPEDICS SYSTEMS, L.L.C. made 5 types of payments. "Royalty or License" accounts for 63.4%.

Royalty or License $530.9K

63.4% · 15 transactions

Consulting Fee $238.0K

28.4% · 21 transactions

Travel and Lodging $46.7K

5.6% · 150 transactions

Food and Beverage $21.0K

2.5% · 140 transactions

Gift $510.00

0.1% · 36 transactions

Payment Type Amount Transactions
Royalty or License $530.9K 15
Consulting Fee $238.0K 21
Travel and Lodging $46.7K 150
Food and Beverage $21.0K 140
Gift $510.00 36

Payment Size Analysis

Average transaction size: $2.3K. Average per recipient: $2.3K.

Total Amount

$837,199.98

Avg per Transaction

$2.3K

Avg per Recipient

$2.3K

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

GENESYS ORTHOPEDICS SYSTEMS, L.L.C. Share

0.0%

#621 by total payments

Frequently Asked Questions

How much did GENESYS ORTHOPEDICS SYSTEMS, L.L.C. pay to physicians and hospitals in 2024?
GENESYS ORTHOPEDICS SYSTEMS, L.L.C. made $837,199.98 in payments to physicians and hospitals in Program Year 2024, across 362 individual transactions. This represents 0.0% of all industry payments reported to CMS Open Payments.
How many physicians received payments from GENESYS ORTHOPEDICS SYSTEMS, L.L.C.?
GENESYS ORTHOPEDICS SYSTEMS, L.L.C. made payments to 362 physicians and teaching hospitals in 2024. The average payment per recipient was $2.3K.
What types of payments did GENESYS ORTHOPEDICS SYSTEMS, L.L.C. make?
GENESYS ORTHOPEDICS SYSTEMS, L.L.C. made 5 different types of payments. The largest category was "Royalty or License" at $530.9K, representing 63.4% of all payments.
How does GENESYS ORTHOPEDICS SYSTEMS, L.L.C. rank among pharmaceutical companies?
GENESYS ORTHOPEDICS SYSTEMS, L.L.C. ranks #621 out of 1,797 companies by total payment amount in the CMS Open Payments database for 2024.
What is the average payment size from GENESYS ORTHOPEDICS SYSTEMS, L.L.C.?
The average transaction from GENESYS ORTHOPEDICS SYSTEMS, L.L.C. was $2.3K in 2024. The company made 362 total transactions to 362 recipients.
Are the top recipients concentrated for GENESYS ORTHOPEDICS SYSTEMS, L.L.C.?
The top 5 recipients received $0.00 from GENESYS ORTHOPEDICS SYSTEMS, L.L.C., representing 0.0% of the company's total payments. Payments are relatively well-distributed across recipients.
Where does the payment data for GENESYS ORTHOPEDICS SYSTEMS, L.L.C. 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.