PlainPharmaWatch

CMS Open Payments · Program Year 2024

Innovation Technologies Inc

Innovation Technologies Inc reported $75,751,962.01 across General Payments, Research, and Ownership to 3,361 physicians and teaching hospitals across 3,475 transactions.

See the rankings → How this is sourced
$75.8M
All-tracks total
3,475
Transactions
3,361
Recipients
−$87.7K
General Payments vs PY2023

Innovation Technologies Inc reported $75,751,962.01 across all CMS Open Payments tracks (General + Research + Ownership) to 3,361 physicians and teaching hospitals in Program Year 2024 - ranking #37 of 1,925 reporting manufacturers (0.5% of the all-tracks industry total); General Payments alone were $204,986.92, averaging $22.5K per recipient.

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 publisher.

CMS Sunshine Act warrant

Manufacturer innovation-technologies-inc Innovation Technologies Inc

$75.8M · #37/1,925 · 0.5% industry · PY2024

  • TOT $75.8M
  • RANK #37
  • SHARE 0.5%
  • TXN 3,475
  • RCP 3,361
  • CAT 2
  • GEN $205.0K
  • ΔGEN −$87.7K
  • TOP1 0.6%
  • PY 2024

Volume peers

Nearest volume peer: Intuitive Surgical, Inc. ($74.7M)

Servier BioInnovation$83.4MBeiGene, Ltd.$77.4MInnovation Technologies Inc …$75.8MIntuitive Surgical, Inc.$74.7MGilead Sciences, Inc.$72.7M
All-tracks payment totals near Innovation Technologies Inc (CMS Open Payments PY2024)

Innovation Technologies Inc sits among 1,925 manufacturers disclosing under the Physician Payments Sunshine Act. Volume peers below are nearest by all-tracks total, not corporate affiliates. Open the company rankings →

Release-over-release change

General Payments changed from PY2023 to PY2024

Innovation Technologies Inc's CMS-reported General Payments decreased by $87.7K (−30.0%) from PY2023 to PY2024.

How this year-over-year comparison is scoped

The comparison uses consecutive CMS program years only (current = prior + 1) from the manufacturer General Payments summary and excludes research and ownership or investment records. Non-consecutive year pairs are not shown as year-over-year change. This General Payments figure is not the all-tracks company total in the hero.

CMS source labels for this exact identifier: PY2022: INNOVATION TECHNOLOGIES INCPY2023: INNOVATION TECHNOLOGIES INCPY2024: Innovation Technologies 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$292.7KPY2024$205.0K
PY2023
$292,698.95
PY2024
$204,986.92

What the Data Shows for Innovation Technologies Inc

Innovation Technologies Inc ranks #37 out of 1,925 companies in the CMS Open Payments database for Program Year 2024, representing 0.5% of all industry payments reported nationwide for the year. The underlying total is $75,751,962.01 across 3,475 transactions to 3,361 physicians and teaching hospitals - $21.8K per transaction and $22.5K per recipient on average.

"Food and Beverage" leads the 2-category general-payment breakdown below at $204.8K (99.9% of General Payments, 3,350 transactions) - see our methodology for how research and ownership payments are reported separately.

General Payment Breakdown by Type

Innovation Technologies Inc made 2 types of general payments. "Food and Beverage" is the largest category at $204.8K, 99.9% of General Payments.

How Innovation Technologies Inc divides its payments

How the reported total splits across payment categories

1. Food and Beverage$204.8K2. Entertainment$181.17
Payment Type Amount Transactions
Food and Beverage $204.8K 3,350
Entertainment $181.17 11

Recipient Concentration in General Payments

The five largest recipient relationships account for $5,080.56 (2.5%) of $204,986.92 in this company's General Payments records across 2,911 recipients.

General Payments scope note

Program Year 2024 General Payments view only: excludes research and ownership/investment records, so it is not the all-category company total above.

Largest General-Payment relationships for Innovation Technologies Inc

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

Darren Sachs$1.3KDipak Ramkumar$1.3KPaul Naylor$1.1KStephen Watkins$823.27David Otterburn$683.06
  1. 1

    Darren Sachs

    $1,256.98 across 10 reported transactions

  2. 2

    Dipak Ramkumar

    $1,254.78 across 8 reported transactions

  3. 3

    Paul Naylor

    $1,062.47 across 10 reported transactions

  4. 4

    Stephen Watkins

    $823.27 across 10 reported transactions

  5. 5

    David Otterburn

    $683.06 across 2 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.

Similarly Concentrated Companies

Companies whose General Payments are spread across recipients about as (un)evenly as Innovation Technologies Inc's, measured by the same HHI concentration index above, not by payment size.

What HHI 2,500 means here

2,500 is the DOJ/FTC merger-guidelines threshold for "highly concentrated" markets; used here only as a familiar concentration reference, not a legal finding about Innovation Technologies Inc.

Beta Bionics, Inc.

HHI 8

Shield Therapeutics Inc

HHI 7

Evofem Biosciences, Inc.

HHI 7

Novo Nordisk Inc

HHI 9

Companies with Similar Payment Volumes

Open a profile or compare a similar company's CMS-reported payment pattern with Innovation Technologies Inc.

Showing 6 of 1,924 companies with CMS-reported payment data.

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
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.

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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 2026-07-26.