Innovative Medical Products, Inc.
$22.8K 14 recipients
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CMS Open Payments · Program Year 2024
NovoSource, LLC
NovoSource, LLC reported $22,900.00 across General Payments, Research, and Ownership to 6 physicians and teaching hospitals across 6 transactions.
- $22.9K Below-median payer
- All-tracks total
- 6 Below-median volume
- Transactions
- 6 Below-median reach
- Recipients
- +$13.6K
- General Payments vs PY2023
NovoSource, LLC reported $22,900.00 across all CMS Open Payments tracks (General + Research + Ownership) to 6 physicians and teaching hospitals in Program Year 2024 - ranking #1514 of 1,925 reporting manufacturers (0.0% of the all-tracks industry total); General Payments alone were $22,900.00, averaging $3.8K per recipient.
NovoSource, LLC's payment reach score
Each tracked dimension is percentile-scored against the national companies corpus, then averaged across only the dimensions that apply to this company, a neutral scale measure of reporting activity, not a rating of quality, safety, or ethics.
Overall reach score
F
10/100
Total payments
F
10/100
Transaction volume
F
10/100
Physician reach
F
10/100
Payment type diversity
F
10/100
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.
CMS Sunshine Act warrant
Manufacturer novosource-llc NovoSource, LLC
$22.9K · #1514/1,925 · 0.0% industry · PY2024
- TOT $22.9K
- RANK #1514
- SHARE 0.0%
- TXN 6
- RCP 6
- CAT 1
- GEN $22.9K
- ΔGEN +$13.6K
- TOP1 41.3%
- PY 2024
Volume peers
Nearest volume peer: Innovative Medical Products, Inc. ($22.8K)
NovoSource, LLC 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
NovoSource, LLC's CMS-reported General Payments increased by $13.6K (+145.6%) 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: NOVOSOURCE, LLCPY2023: NOVOSOURCE, LLCPY2024: NovoSource, LLC. 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
- $9,323.89
- PY2024
- $22,900.00
What the Data Shows for NovoSource, LLC
CMS Open Payments is not a single ledger: the all-tracks total shown above is General Payments plus Research Payments plus Ownership/Investment interests, each with its own disclosure rules. For NovoSource, LLC that figure is drawn almost entirely from the General Payments track (day-to-day consulting, meals, travel and speaking fees). Data for a given Program Year arrives roughly a year after the period it covers; our methodology page documents the release cadence and how we standardize the tracks for cross-company comparison.
6 transactions worth $22.9K make "Consulting Fee" the top general-payment category in the 1-category breakdown below, 100.0% of General Payments (see our methodology for how research and ownership payments are reported separately).
General Payment Breakdown by Type
"Consulting Fee" leads NovoSource, LLC's 1-category general-payment breakdown at $22.9K, 100.0% of the reported total.
How NovoSource, LLC divides its payments
Top payment categories by total reported dollar volume
| Payment Type | Amount | Transactions | % of Total |
|---|---|---|---|
| Consulting Fee | $22.9K | 6 | 100.0% |
Recipient Concentration in General Payments
The five largest recipient relationships account for $22,900.00 (100.0%) of $22,900.00 in this company's General Payments records across 3 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 NovoSource, LLC
The five named recipients with the highest reported General Payments from this company
- 1
Jesse Shaw
$9,450.00 across 3 reported transactions
- 2
Mark Munro
$7,650.00 across 1 reported transactions
- 3
Brett Himmelwright
$5,800.00 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.
Spend vs. Concentration
NovoSource, LLC ranks #1514 of 1,925 by total payments (bottom 21% by spend) but is notably more concentrated than that alone would suggest -- #510 of 1,838 by HHI (top 28% most concentrated). Its payments land on an unusually narrow set of recipients for its spend size.
View all 12 companies in this HHI neighborhood as a list
- Alcon Research LLC : $7.1M total payments, HHI 3482
- Winter Innovations, Inc. : $4.7K total payments, HHI 3468
- ONY Biotech Inc. : $39.6K total payments, HHI 3464
- Cardinal Health 110 LLC : $92.3K total payments, HHI 3463
- Agile Therapeutics, Inc. : $131.2K total payments, HHI 3462
- Novabone Products : $19.0K total payments, HHI 3461
- NovoSource, LLC (this company) : $22.9K total payments, HHI 3460
- Datascope Corp. : $1.6M total payments, HHI 3460
- Bristol Myers Squibb Company : $1.0M total payments, HHI 3447
- Collegium Pharmaceutical, Inc. : $1.5M total payments, HHI 3442
- Granata Bio Corporation : $5.5K total payments, HHI 3437
- American Rheumatology Network, LLC : $2.8M total payments, HHI 3431
Similarly Concentrated Companies
Companies whose General Payments are spread across recipients about as (un)evenly as NovoSource, LLC'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 NovoSource, LLC.
Companies with Similar Payment Volumes
Open a profile or compare a similar company's CMS-reported payment pattern with NovoSource, LLC.
Showing 6 of 1,924 companies with CMS-reported payment data.
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$23.0K 16 recipients
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Sawtooth Surgical Solutions Inc
$23.1K 214 recipients
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Nippon Shinyaku Co.,Ltd
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SPIWay, LLC
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Put this to use
NovoSource, LLC ranks #1514 of 1,925 by all-tracks total payments, led by "Consulting Fee".
- See how manufacturer spending compares across the full leaderboard. Top 100 by total payments
- Compare "Consulting Fee" spend across every manufacturer, not just NovoSource, LLC. Payment type breakdowns
- New to Open Payments? Learn what these figures do and do not show. Read the guide
Reported payments reflect what companies disclosed to CMS; a payment is not evidence of wrongdoing.
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.
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.