PlainPharmaWatch

CMS Open Payments · Program Year 2024

Paragon 28, Inc.

Paragon 28, Inc. reported $3,709,768.97 in payments to 7,401 physicians and teaching hospitals across 7,452 transactions.

See the rankings → How this is sourced
$3.7M
Total payments
7,452
Transactions
7,401
Recipients
−$1.3M
General Payments vs PY2023

Paragon 28, Inc. reported $3,709,768.97 in payments to 7,401 physicians and teaching hospitals in CMS Open Payments Program Year 2024 - ranking #319 of 1,925 reporting manufacturers (0.0% of all US industry payments), averaging $501.25 per recipient across 5 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

Paragon 28, Inc. pairs top-quartile payment volume with an unusually diversified payment pattern across a wide recipient base.

#319
of 1,925 companies
0.0%
of all US industry payments
0.1%
paid to its single top recipient
5
payment categories

Release-over-release change

General Payments changed from PY2023 to PY2024

Paragon 28, Inc.'s CMS-reported General Payments decreased by $1.3M (−26.9%) 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: PARAGON 28, INC.PY2023: PARAGON 28, INC.PY2024: Paragon 28, 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$4.7MPY2024$3.4M
PY2023
$4,706,818.08
PY2024
$3,438,475.24

How Paragon 28, 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.

Paragon 28, Inc.'s total vs. every reporting company

CMS Open Payments, Program Year 2024

$3,709,769 Top 17% higher than 83% 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%). This entry sits in this band. $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 Paragon 28, Inc.

$3,709,768.97: that is what Paragon 28, Inc. reported in payments to 7,401 physicians and teaching hospitals during Program Year 2024, spread across 7,452 transactions ($497.82 per transaction, $501.25 per recipient). The company sits at rank #319 of 1,925, a comparatively small 0.0% slice of all industry payments reported nationwide for the year.

"Consulting Fee" leads the 5-category general-payment breakdown below at $1.4M (37.8% of the company's reported total, 435 transactions) - see our methodology for how research and ownership payments are reported separately.

General Payment Breakdown by Type

Across 5 types of general payments, Paragon 28, Inc.'s largest category was "Consulting Fee" at $1.4M - 37.8% of the company's reported total.

How Paragon 28, Inc. divides its payments

General-payment categories, ordered by reported total

1. Consulting Fee$1.4M2. Grant$746.8K3. Royalty or License$624.1K4. Travel and Lodging$438.0K5. Food and Beverage$225.6K
Payment Type Amount Transactions
Consulting Fee $1.4M 435
Grant $746.8K 23
Royalty or License $624.1K 171
Travel and Lodging $438.0K 2,526
Food and Beverage $225.6K 4,246

Recipient Concentration in General Payments

The five largest recipient relationships account for $1,134,372.43 (33.0%) of $3,438,475.24 in this company's General Payments records across 1,919 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 Paragon 28, Inc.

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

Duke University Hospital$435.0KMark Myerson$186.3KMark Dalton$182.5KThomas Sangiovanni$180.6KByron Hutchinson$150.0K
  1. 1

    Duke University Hospital

    $435,000.00 across 6 reported transactions

  2. 2

    Mark Myerson

    $186,257.79 across 64 reported transactions

  3. 3

    Mark Dalton

    $182,510.53 across 136 reported transactions

  4. 4

    Thomas Sangiovanni

    $180,622.53 across 65 reported transactions

  5. 5

    Byron Hutchinson

    $149,981.58 across 46 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: $497.82. Average per recipient: $501.25.

Total Amount

$3,709,768.97

Avg per Transaction

$497.82

Avg per Recipient

$501.25

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

Paragon 28, Inc. Share

0.0%

#319 by total payments

Companies with Similar Payment Volumes

Pharmaceutical companies with payment totals similar to Paragon 28, Inc.

Adcura, Inc.

$3.7M 0 recipients

Axonics, Inc.

$3.7M 21,250 recipients

Haemonetics Corporation

$3.7M 1,963 recipients

Gramercy Extremity Orthopedics LLC

$3.7M 106 recipients

Mannkind Corporation

$3.7M 10,087 recipients

Silk Road Medical, Inc.

$3.8M 10,537 recipients

Frequently Asked Questions

How much did Paragon 28, Inc. pay to physicians and hospitals in 2024? ▾
0.0% of all industry payments reported to CMS Open Payments for 2024 came from Paragon 28, Inc., totaling $3,709,768.97 across 7,452 transactions to physicians and hospitals.
How many physicians received payments from Paragon 28, Inc.? ▾
Paragon 28, Inc. made payments to 7,401 physicians and teaching hospitals in 2024. The average payment per recipient was $501.25.
What types of payments did Paragon 28, Inc. make? ▾
5 categories of general payment make up Paragon 28, Inc.'s reported activity, including consulting, meals, travel, and similar types. The largest general-payment category was "Consulting Fee" at $1.4M, representing 37.8% of the company's reported total.
How does Paragon 28, Inc. rank among pharmaceutical companies? ▾
By total payment amount, Paragon 28, Inc. sits at #319 of 1,925 companies in the CMS Open Payments database for 2024.
What is the average payment size from Paragon 28, Inc.? ▾
In 2024, Paragon 28, Inc. averaged $497.82 per transaction across 7,452 transactions to 7,401 recipients.
Where does the payment data for Paragon 28, 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.