PlainPharmaWatch

CMS Open Payments · Program Year 2024

Innovation Technologies Inc

Innovation Technologies Inc reported $75,751,962.01 in payments to 3,361 physicians and teaching hospitals across 3,475 transactions.

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

Innovation Technologies Inc reported $75,751,962.01 in payments to 3,361 physicians and teaching hospitals in CMS Open Payments Program Year 2024 - ranking #37 of 1,925 reporting manufacturers (0.5% of all US industry payments), averaging $22.5K per recipient across 2 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

Innovation Technologies Inc pairs top-5% payment volume with an unusually diversified payment pattern across a wide recipient base.

#37
of 1,925 companies
0.5%
of all US industry payments
0.0%
paid to its single top recipient
2
payment categories

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. 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: 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

How Innovation Technologies 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.

Innovation Technologies Inc's total vs. every reporting company

CMS Open Payments, Program Year 2024

$75,751,962 Top 2% higher than 98% 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%). Below this entry. $752,621–$2,337,813: 263 reporting companies (14%). Below this entry. $2,337,813–$7,261,783: 200 reporting companies (10%). Below this entry. $7,261,783–$22,556,757: 133 reporting companies (7%). Below this entry. $22,556,757–$70,066,439: 45 reporting companies (2%). Below this entry. $70,066,439–$217,642,369: 26 reporting companies (1%). This entry sits in this band. $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 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 (0.3% of the company's reported total, 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, 0.3% of the company's reported total.

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. 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 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.

Payment Size Analysis

Average transaction size: $21.8K. Average per recipient: $22.5K.

Total Amount

$75,751,962.01

Avg per Transaction

$21.8K

Avg per Recipient

$22.5K

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

Innovation Technologies Inc Share

0.5%

#37 by total payments

Companies with Similar Payment Volumes

Pharmaceutical companies with payment totals similar to Innovation Technologies Inc

Intuitive Surgical, Inc.

$74.7M 126,596 recipients

BeiGene, Ltd.

$77.4M 57 recipients

Gilead Sciences, Inc.

$72.7M 118,932 recipients

Servier BioInnovation

$83.4M 11 recipients

Teva Pharmaceuticals USA, Inc.

$67.4M 141,158 recipients

Incyte Corporation

$84.4M 77,737 recipients

Frequently Asked Questions

How much did Innovation Technologies Inc pay to physicians and hospitals in 2024? ▾
In Program Year 2024, CMS Open Payments recorded $75,751,962.01 from Innovation Technologies Inc to physicians and hospitals across 3,475 transactions - 0.5% of all industry payments reported that year.
How many physicians received payments from Innovation Technologies Inc? ▾
Averaging $22.5K per recipient, Innovation Technologies Inc's 2024 payments reached 3,361 physicians and teaching hospitals.
What types of payments did Innovation Technologies Inc make? ▾
2 categories of general payment make up Innovation Technologies Inc's reported activity, including consulting, meals, travel, and similar types. The largest general-payment category was "Food and Beverage" at $204.8K, representing 0.3% of the company's reported total.
How does Innovation Technologies Inc rank among pharmaceutical companies? ▾
By total payment amount, Innovation Technologies Inc sits at #37 of 1,925 companies in the CMS Open Payments database for 2024.
What is the average payment size from Innovation Technologies Inc? ▾
The average transaction from Innovation Technologies Inc was $21.8K in 2024. The company made 3,475 total transactions to 3,361 recipients.
Where does the payment data for Innovation Technologies 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 Innovation Technologies 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.