PlainPharmaWatch

CMS Open Payments · Program Year 2024

Rapid Medical Ltd

Rapid Medical Ltd reported $930,078.28 in payments to 670 physicians and teaching hospitals across 762 transactions.

See the rankings → How this is sourced
$930.1K
Total payments
762
Transactions
670
Recipients
−$12.8K
General Payments vs PY2023

Rapid Medical Ltd reported $930,078.28 in payments to 670 physicians and teaching hospitals in CMS Open Payments Program Year 2024 - ranking #637 of 1,925 reporting manufacturers (0.0% of all US industry payments), averaging $1.4K per recipient across 4 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

Rapid Medical Ltd pairs above-median payment volume with a broadly spread payment pattern across many recipients.

#637
of 1,925 companies
0.0%
of all US industry payments
0.1%
paid to its single top recipient
4
payment categories

Release-over-release change

General Payments changed from PY2023 to PY2024

Rapid Medical Ltd's CMS-reported General Payments decreased by $12.8K (−4.5%) 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: RAPID MEDICAL LTDPY2023: RAPID MEDICAL LTDPY2024: Rapid Medical Ltd. 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$284.6KPY2024$271.8K
PY2023
$284,637.33
PY2024
$271,822.85

How Rapid Medical Ltd 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.

Rapid Medical Ltd's total vs. every reporting company

CMS Open Payments, Program Year 2024

$930,078 Top 33% higher than 67% 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%). This entry sits in this band. $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 Rapid Medical Ltd

Averaging $1.2K per transaction and $1.4K per recipient, Rapid Medical Ltd's Program Year 2024 total comes to $930,078.28 across 762 transactions and 670 physicians and teaching hospitals. In the CMS Open Payments database that is good for rank #637 of 1,925 companies, a comparatively small 0.0% slice of all industry payments reported nationwide for the year.

Of the 4 general-payment categories charted below, "Consulting Fee" is the largest at $112.7K across 25 transactions, 12.1% of the company's reported total (see our methodology for how research and ownership payments are reported separately).

General Payment Breakdown by Type

Rapid Medical Ltd made 4 types of general payments. "Consulting Fee" is the largest category at $112.7K, 12.1% of the company's reported total.

How Rapid Medical Ltd divides its payments

Ranked by total dollars reported per category

1. Consulting Fee$112.7K2. Travel and Lodging$89.6K3. Food and Beverage$68.5K4. Education$1.0K
Payment Type Amount Transactions
Consulting Fee $112.7K 25
Travel and Lodging $89.6K 133
Food and Beverage $68.5K 511
Education $1.0K 1

Recipient Concentration in General Payments

The five largest recipient relationships account for $125,751.45 (46.3%) of $271,822.85 in this company's General Payments records across 122 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 Rapid Medical Ltd

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

Justin Singer$33.2KEdgar Samaniego$33.1KRishi Gupta$27.3KShahram Majidi$16.7KHamad Farhat$15.5K
  1. 1

    Justin Singer

    $33,155.48 across 18 reported transactions

  2. 2

    Edgar Samaniego

    $33,062.02 across 19 reported transactions

  3. 3

    Rishi Gupta

    $27,340.68 across 15 reported transactions

  4. 4

    Shahram Majidi

    $16,738.61 across 14 reported transactions

  5. 5

    Hamad Farhat

    $15,454.66 across 20 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: $1.2K. Average per recipient: $1.4K.

Total Amount

$930,078.28

Avg per Transaction

$1.2K

Avg per Recipient

$1.4K

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

Rapid Medical Ltd Share

0.0%

#637 by total payments

Companies with Similar Payment Volumes

Pharmaceutical companies with payment totals similar to Rapid Medical Ltd

Millennium Spine, LLC

$931.3K 0 recipients

Spineology Inc.

$923.8K 1,284 recipients

Carl Zeiss Meditec, Inc.

$938.6K 737 recipients

Aesculap, Inc.

$921.5K 705 recipients

Consortium of Independent Immunology Clinics, LLC

$938.8K 91 recipients

Zealand Pharma A/S

$919.9K 108 recipients

Frequently Asked Questions

How much did Rapid Medical Ltd pay to physicians and hospitals in 2024? ▾
0.0% of all industry payments reported to CMS Open Payments for 2024 came from Rapid Medical Ltd, totaling $930,078.28 across 762 transactions to physicians and hospitals.
How many physicians received payments from Rapid Medical Ltd? ▾
670 physicians and teaching hospitals received payments from Rapid Medical Ltd in 2024, averaging $1.4K per recipient.
What types of payments did Rapid Medical Ltd make? ▾
General payments from Rapid Medical Ltd span 4 distinct categories, covering things like consulting, meals, and travel. The largest general-payment category was "Consulting Fee" at $112.7K, representing 12.1% of the company's reported total.
How does Rapid Medical Ltd rank among pharmaceutical companies? ▾
By total payment amount, Rapid Medical Ltd sits at #637 of 1,925 companies in the CMS Open Payments database for 2024.
What is the average payment size from Rapid Medical Ltd? ▾
In 2024, Rapid Medical Ltd averaged $1.2K per transaction across 762 transactions to 670 recipients.
Where does the payment data for Rapid Medical Ltd 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.