PlainPharmaWatch

CMS Open Payments · Program Year 2024

Precision Medical Products Inc.

Precision Medical Products Inc. reported $832.29 in payments to 17 physicians and teaching hospitals across 17 transactions.

See the rankings → How this is sourced
$832.29
Total payments
17
Transactions
17
Recipients
+$753.05
General Payments vs PY2023

Precision Medical Products Inc. reported $832.29 in payments to 17 physicians and teaching hospitals in CMS Open Payments Program Year 2024 - ranking #1854 of 1,925 reporting manufacturers (0.0% of all US industry payments), averaging $48.96 per recipient across 1 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

Precision Medical Products Inc. pairs modest payment volume with a broadly spread payment pattern across many recipients.

#1854
of 1,925 companies
0.0%
of all US industry payments
0.2%
paid to its single top recipient
1
payment categories

Release-over-release change

General Payments changed from PY2023 to PY2024

Precision Medical Products Inc.'s CMS-reported General Payments increased by $753.05 (+950.3%) 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: PRECISION MEDICAL PRODUCTS INC.PY2023: PRECISION MEDICAL PRODUCTS INC.PY2024: Precision Medical Products 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$79.24PY2024$832.29
PY2023
$79.24
PY2024
$832.29

How Precision Medical Products 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.

Precision Medical Products Inc.'s total vs. every reporting company

CMS Open Payments, Program Year 2024

$832 4th percentile higher than 4% 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%). This entry sits in this band. $838–$2,603: 76 reporting companies (4%). Above this entry. $2,603–$8,084: 114 reporting companies (6%). Above this entry. $8,084–$25,112: 167 reporting companies (9%). Above this entry. $25,112–$78,003: 249 reporting companies (13%). Above this entry. $78,003–$242,294: 295 reporting companies (15%). Above this entry. $242,294–$752,621: 270 reporting companies (14%). Above this entry. $752,621–$2,337,813: 263 reporting companies (14%). Above this entry. $2,337,813–$7,261,783: 200 reporting companies (10%). Above this entry. $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 Precision Medical Products Inc.

Precision Medical Products Inc. ranks #1854 out of 1,925 companies in the CMS Open Payments database for Program Year 2024, a comparatively small 0.0% slice of all industry payments reported nationwide for the year. The underlying total is $832.29 across 17 transactions to 17 physicians and teaching hospitals - $48.96 per transaction and $48.96 per recipient on average.

"Food and Beverage" leads the 1-category general-payment breakdown below at $832.29 (100.0% of the company's reported total, 17 transactions) - see our methodology for how research and ownership payments are reported separately.

General Payment Breakdown by Type

Across 1 types of general payments, Precision Medical Products Inc.'s largest category was "Food and Beverage" at $832.29 - 100.0% of the company's reported total.

How Precision Medical Products Inc. divides its payments

How the reported total splits across payment categories

1. Food and Beverage$832.29
Payment Type Amount Transactions
Food and Beverage $832.29 17

Recipient Concentration in General Payments

The five largest recipient relationships account for $465.17 (55.9%) of $832.29 in this company's General Payments records across 17 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 Precision Medical Products Inc.

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

Joseph Obrien$137.06Faheem Sandhu$137.06Robert Heary$105.13Faisal Mahmood$42.96Simon Smith$42.96
  1. 1

    Joseph Obrien

    $137.06 across 1 reported transactions

  2. 2

    Faheem Sandhu

    $137.06 across 1 reported transactions

  3. 3

    Robert Heary

    $105.13 across 1 reported transactions

  4. 4

    Faisal Mahmood

    $42.96 across 1 reported transactions

  5. 5

    Simon Smith

    $42.96 across 1 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: $48.96. Average per recipient: $48.96.

Total Amount

$832.29

Avg per Transaction

$48.96

Avg per Recipient

$48.96

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

Precision Medical Products Inc. Share

0.0%

#1854 by total payments

Companies with Similar Payment Volumes

Pharmaceutical companies with payment totals similar to Precision Medical Products Inc.

Nuo Therapeutics

$833.09 13 recipients

McKesson Medical-Surgical Minnesota Supply, Inc

$837.57 25 recipients

LockedBrands

$852.39 13 recipients

Karl Storz Imaging, Inc.

$852.50 2 recipients

Elekta LTD

$857.01 3 recipients

SCA Pharmaceuticals, LLC

$806.08 7 recipients

Frequently Asked Questions

How much did Precision Medical Products Inc. pay to physicians and hospitals in 2024? ▾
Precision Medical Products Inc. made $832.29 in payments to physicians and hospitals in Program Year 2024, across 17 individual transactions. This represents 0.0% of all industry payments reported to CMS Open Payments.
How many physicians received payments from Precision Medical Products Inc.? ▾
17 physicians and teaching hospitals received payments from Precision Medical Products Inc. in 2024, averaging $48.96 per recipient.
What types of payments did Precision Medical Products Inc. make? ▾
Precision Medical Products Inc. made 1 different types of general payments (consulting, meals, travel, and similar categories). The largest general-payment category was "Food and Beverage" at $832.29, representing 100.0% of the company's reported total.
How does Precision Medical Products Inc. rank among pharmaceutical companies? ▾
Out of 1,925 companies in the CMS Open Payments database for 2024, Precision Medical Products Inc. ranks #1854 by total payment amount.
What is the average payment size from Precision Medical Products Inc.? ▾
Precision Medical Products Inc.'s 17 transactions to 17 recipients in 2024 averaged $48.96 per transaction.
Where does the payment data for Precision Medical Products 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.