PlainPharmaWatch

CMS Open Payments · Program Year 2024

Medtronic, Inc.

Medtronic, Inc. reported $189,918,595.39 in payments to 342,681 physicians and teaching hospitals across 353,343 transactions.

See the rankings → How this is sourced
$189.9M
Total payments
353,343
Transactions
342,681
Recipients
−$20.3K
General Payments vs PY2023

Medtronic, Inc. reported $189,918,595.39 in payments to 342,681 physicians and teaching hospitals in CMS Open Payments Program Year 2024 - ranking #16 of 1,925 reporting manufacturers (1.4% of all US industry payments), averaging $554.21 per recipient across 14 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

Medtronic, Inc. pairs top-1% payment volume with an unusually diversified payment pattern across a wide recipient base.

#16
of 1,925 companies
1.4%
of all US industry payments
0.1%
paid to its single top recipient
14
payment categories

Release-over-release change

General Payments changed from PY2023 to PY2024

Medtronic, Inc.'s CMS-reported General Payments decreased by $20.3K (−0.0%) 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: MEDTRONIC, INC.PY2023: MEDTRONIC, INC.PY2024: Medtronic, 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$117.7MPY2024$117.7M
PY2023
$117,718,051.86
PY2024
$117,697,731.43

How Medtronic, 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.

Medtronic, Inc.'s total vs. every reporting company

CMS Open Payments, Program Year 2024

$189,918,595 Top 1% higher than 99% 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 Medtronic, Inc.

Rank #16 of 1,925 companies in CMS Open Payments for 2024 belongs to Medtronic, Inc., which reported $189,918,595.39 across 353,343 transactions to 342,681 recipients - a top-tier 1.4% share of all industry payments reported nationwide for the year. Averages work out to $537.49 per transaction and $554.21 per recipient.

573 transactions worth $46.8M make "Royalty or License" the top general-payment category in the 14-category breakdown below, 24.6% of the reported total (see our methodology for how research and ownership payments are reported separately).

General Payment Breakdown by Type

"Royalty or License" leads Medtronic, Inc.'s 14-category general-payment breakdown at $46.8M, 24.6% of the reported total.

How Medtronic, Inc. divides its payments

General-payment categories, ordered by reported total

1. Royalty or License$46.8M2. Compensation for Services…$21.8M3. Food and Beverage$13.0M4. Travel and Lodging$11.6M5. Consulting Fee$8.2M6. Acquisitions$6.9M7. Grant$6.8M8. Space Rental or Facility …$1.8M9. Debt Forgiveness$312.3K10. Long-Term Medical Supply…$239.8K
Payment Type Amount Transactions
Royalty or License $46.8M 573
Compensation for Services Other Than Consulting $21.8M 6,775
Food and Beverage $13.0M 278,487
Travel and Lodging $11.6M 50,441
Consulting Fee $8.2M 2,756
Acquisitions $6.9M 49
Grant $6.8M 792
Space Rental or Facility Fees $1.8M 167
Debt Forgiveness $312.3K 39
Long-Term Medical Supply or Device Loan $239.8K 37
Education $233.7K 2,524
Compensation for Faculty or Speaker (Medical Education) $58.9K 34
Charitable Contribution $15.3K 4
Gift $124.63 3

Recipient Concentration in General Payments

The five largest recipient relationships account for $29,618,842.49 (25.2%) of $117,697,731.43 in this company's General Payments records across 77,572 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 Medtronic, Inc.

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

Kevin Foley$16.5MPeter Ullrich$4.8MLawrence Lenke$4.0MChristian Eversull$2.8MRichard Hynes$1.5M
  1. 1

    Kevin Foley

    $16,505,077.51 across 45 reported transactions

  2. 2

    Peter Ullrich

    $4,804,699.00 across 4 reported transactions

  3. 3

    Lawrence Lenke

    $4,040,987.98 across 74 reported transactions

  4. 4

    Christian Eversull

    $2,760,011.00 across 2 reported transactions

  5. 5

    Richard Hynes

    $1,508,067.00 across 17 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: $537.49. Average per recipient: $554.21.

Total Amount

$189,918,595.39

Avg per Transaction

$537.49

Avg per Recipient

$554.21

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

Medtronic, Inc. Share

1.4%

#16 by total payments

Companies with Similar Payment Volumes

Pharmaceutical companies with payment totals similar to Medtronic, Inc.

Takeda Pharmaceuticals U.S.A., Inc.

$199.9M 172,058 recipients

BioNTech SE

$204.8M 179 recipients

Boehringer Ingelheim Pharmaceuticals, Inc.

$148.9M 216,716 recipients

Stryker Corporation

$141.0M 168,381 recipients

GlaxoSmithKline, LLC.

$242.1M 341,439 recipients

E.R. Squibb & Sons, L.L.C.

$251.5M 236,558 recipients

Frequently Asked Questions

How much did Medtronic, Inc. pay to physicians and hospitals in 2024? ▾
1.4% of all industry payments reported to CMS Open Payments for 2024 came from Medtronic, Inc., totaling $189,918,595.39 across 353,343 transactions to physicians and hospitals.
How many physicians received payments from Medtronic, Inc.? ▾
Medtronic, Inc. made payments to 342,681 physicians and teaching hospitals in 2024. The average payment per recipient was $554.21.
What types of payments did Medtronic, Inc. make? ▾
General payments from Medtronic, Inc. span 14 distinct categories, covering things like consulting, meals, and travel. The largest general-payment category was "Royalty or License" at $46.8M, representing 24.6% of the company's reported total.
How does Medtronic, Inc. rank among pharmaceutical companies? ▾
Out of 1,925 companies in the CMS Open Payments database for 2024, Medtronic, Inc. ranks #16 by total payment amount.
What is the average payment size from Medtronic, Inc.? ▾
In 2024, Medtronic, Inc. averaged $537.49 per transaction across 353,343 transactions to 342,681 recipients.
Where does the payment data for Medtronic, 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.

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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 2026-07-25.