PlainPharmaWatch

CMS Open Payments · Program Year 2024

icotec Medical Inc.

icotec Medical Inc. reported $604,401.34 in payments to 1,344 physicians and teaching hospitals across 1,348 transactions.

See the rankings → How this is sourced
$604.4K
Total payments
1,348
Transactions
1,344
Recipients
+$122.0K
General Payments vs PY2023

icotec Medical Inc. reported $604,401.34 in payments to 1,344 physicians and teaching hospitals in CMS Open Payments Program Year 2024 - ranking #723 of 1,925 reporting manufacturers (0.0% of all US industry payments), averaging $449.70 per recipient across 6 payment categories. Figures are company-reported under the Physician Payments Sunshine Act; a reported payment is a financial relationship, not evidence of wrongdoing.

Data currency: Figures are rendered from the processed CMS Open Payments release. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.

Compiled from official public sources by the editorial team.

The verdict

icotec Medical Inc. pairs above-median payment volume with a broadly spread payment pattern across many recipients.

#723
of 1,925 companies
0.0%
of all US industry payments
0.1%
paid to its single top recipient
6
payment categories

Release-over-release change

General Payments changed from PY2023 to PY2024

icotec Medical Inc.'s CMS-reported General Payments increased by $122.0K (+44.9%) from PY2023 to PY2024. The comparison uses the same CMS manufacturer-by-payment-category summary for both years and excludes research and ownership or investment records.

CMS source labels for this exact identifier: PY2022: ICOTEC MEDICAL INC.PY2023: ICOTEC MEDICAL INC.PY2024: icotec Medical Inc.. Matching identifiers support a bounded record comparison; a label difference would be reported as unresolved rather than treated as a corporate event.

Subscribe to this company's source-bounded update feed It publishes only identifier-matched CMS release comparisons, never inferred company events.

General Payments: PY2023 vs PY2024

Annual CMS-reported totals for this company, not an all-category Open Payments total

PY2023$271.6KPY2024$393.7K
PY2023
$271,615.93
PY2024
$393,656.14

How icotec Medical Inc. ranks nationally

Where this company's total reported payments fall within the full national distribution of all 1,925 companies in CMS Open Payments, not just its nearest peers.

icotec Medical Inc.'s total vs. every reporting company

CMS Open Payments, Program Year 2024

$604,401 Top 38% higher than 62% of 1,925 reporting companies

$9–$28: 3 reporting companies (0%). Below this entry. $28–$87: 10 reporting companies (1%). Below this entry. $87–$270: 20 reporting companies (1%). Below this entry. $270–$838: 41 reporting companies (2%). Below this entry. $838–$2,603: 76 reporting companies (4%). Below this entry. $2,603–$8,084: 114 reporting companies (6%). Below this entry. $8,084–$25,112: 167 reporting companies (9%). Below this entry. $25,112–$78,003: 249 reporting companies (13%). Below this entry. $78,003–$242,294: 295 reporting companies (15%). Below this entry. $242,294–$752,621: 270 reporting companies (14%). This entry sits in this band. $752,621–$2,337,813: 263 reporting companies (14%). Above this entry. $2,337,813–$7,261,783: 200 reporting companies (10%). Above this entry. $7,261,783–$22,556,757: 133 reporting companies (7%). Above this entry. $22,556,757–$70,066,439: 45 reporting companies (2%). Above this entry. $70,066,439–$217,642,369: 26 reporting companies (1%). Above this entry. $217,642,369–$676,046,922: 13 reporting companies (1%). Above this entry. This company $9 $676,046,922 every reporting company, bucketed by value

Each bar is a progressively wider band; taller bars hold more reporting companies. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source CMS Open Payments · 2024

What the Data Shows for icotec Medical Inc.

$604,401.34: that is what icotec Medical Inc. reported in payments to 1,344 physicians and teaching hospitals during Program Year 2024, spread across 1,348 transactions ($448.37 per transaction, $449.70 per recipient). The company sits at rank #723 of 1,925, a comparatively small 0.0% slice of all industry payments reported nationwide for the year.

Of the 6 general-payment categories charted below, "Consulting Fee" is the largest at $223.7K across 33 transactions, 37.0% of the company's reported total (see our methodology for how research and ownership payments are reported separately).

General Payment Breakdown by Type

Across 6 types of general payments, icotec Medical Inc.'s largest category was "Consulting Fee" at $223.7K - 37.0% of the company's reported total.

How icotec Medical Inc. divides its payments

Top payment categories by total reported dollar volume

1. Consulting Fee$223.7K2. Travel and Lodging$88.6K3. Food and Beverage$72.6K4. Charitable Contribution$5.0K5. Space Rental or Facility …$3.5K6. Compensation for Services…$250.00
Payment Type Amount Transactions
Consulting Fee $223.7K 33
Travel and Lodging $88.6K 408
Food and Beverage $72.6K 900
Charitable Contribution $5.0K 1
Space Rental or Facility Fees $3.5K 1
Compensation for Services Other Than Consulting $250.00 1

Recipient Concentration in General Payments

The five largest recipient relationships account for $143,956.77 (36.6%) of $393,656.14 in this company's General Payments records across 318 recipients. This is a CMS Open Payments Program Year 2024 General Payments view only: it excludes research and ownership/investment records, so it is not the all-category company total above.

Largest General-Payment relationships for icotec Medical Inc.

The five named recipients with the highest reported General Payments from this company

Laurence Rhines$47.0KIlya Laufer$25.9KRichard Bransford$25.1KVikram Chakravarthy$23.8KJohn J Kresl$22.1K
  1. 1

    Laurence Rhines

    $47,021.57 across 39 reported transactions

  2. 2

    Ilya Laufer

    $25,942.50 across 28 reported transactions

  3. 3

    Richard Bransford

    $25,083.94 across 30 reported transactions

  4. 4

    Vikram Chakravarthy

    $23,777.03 across 40 reported transactions

  5. 5

    John J Kresl

    $22,131.73 across 14 reported transactions

Compare this company's payment profile with similarly sized manufacturers in the company comparison tool, and consult the methodology for the CMS source scope.

Payment Size Analysis

Average transaction size: $448.37. Average per recipient: $449.70.

Total Amount

$604,401.34

Avg per Transaction

$448.37

Avg per Recipient

$449.70

Payment Transparency Context

What is the Sunshine Act?

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)

$13.9B

across 1,925 companies

icotec Medical Inc. Share

0.0%

#723 by total payments

Companies with Similar Payment Volumes

Pharmaceutical companies with payment totals similar to icotec Medical Inc.

Endo Pharmaceuticals Inc.

$603.4K 4,960 recipients

Arena Pharmaceuticals, Inc.

$606.7K 6 recipients

Cala Health, Inc.

$602.0K 123 recipients

OrthoFundamentals, LLC

$607.3K 15 recipients

Bone Support Inc.

$613.3K 1,376 recipients

Aroa Biosurgery Incorporated

$591.0K 3,872 recipients

Frequently Asked Questions

How much did icotec Medical Inc. pay to physicians and hospitals in 2024? ▾
0.0% of all industry payments reported to CMS Open Payments for 2024 came from icotec Medical Inc., totaling $604,401.34 across 1,348 transactions to physicians and hospitals.
How many physicians received payments from icotec Medical Inc.? ▾
icotec Medical Inc. made payments to 1,344 physicians and teaching hospitals in 2024. The average payment per recipient was $449.70.
What types of payments did icotec Medical Inc. make? ▾
icotec Medical Inc. made 6 different types of general payments (consulting, meals, travel, and similar categories). The largest general-payment category was "Consulting Fee" at $223.7K, representing 37.0% of the company's reported total.
How does icotec Medical Inc. rank among pharmaceutical companies? ▾
By total payment amount, icotec Medical Inc. sits at #723 of 1,925 companies in the CMS Open Payments database for 2024.
What is the average payment size from icotec Medical Inc.? ▾
In 2024, icotec Medical Inc. averaged $448.37 per transaction across 1,348 transactions to 1,344 recipients.
Where does the payment data for icotec Medical Inc. 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: $13.9B across 1,925 companies.

Data sourced from CMS Open Payments (Physician Payments Sunshine Act). 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.

Read our methodology - how this data is sourced, computed, and verified.

View saved (companies)
Download icotec Medical Inc.'s data (CSV)
Embed this widget

Copy this snippet to embed a live-linked card on your own site.

Every figure on PlainPharmaWatch is rendered directly from federal source data, no number is typed in by an editor. This page draws directly on federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-07-25.