US Retina LLC
$50.8M 8 recipients
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CMS Open Payments · Program Year 2024
Smith+Nephew, Inc.
Smith+Nephew, Inc. reported $50,478,119.45 across General Payments, Research, and Ownership to 71,450 physicians and teaching hospitals across 72,133 transactions.
- $50.5M
- All-tracks total
- 72,133
- Transactions
- 71,450
- Recipients
- +$5.0M
- General Payments vs PY2023
Smith+Nephew, Inc. reported $50,478,119.45 across all CMS Open Payments tracks (General + Research + Ownership) to 71,450 physicians and teaching hospitals in Program Year 2024 - ranking #46 of 1,925 reporting manufacturers (0.4% of the all-tracks industry total); General Payments alone were $46,381,797.94, averaging $706.48 per recipient.
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 smith-nephew-inc Smith+Nephew, Inc.
$50.5M · #46/1,925 · 0.4% industry · PY2024
- TOT $50.5M
- RANK #46
- SHARE 0.4%
- TXN 72,133
- RCP 71,450
- CAT 13
- GEN $46.4M
- ΔGEN +$5.0M
- TOP1 6.5%
- PY 2024
Volume peers
Nearest volume peer: US Retina LLC ($50.8M)
Smith+Nephew, Inc. 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
Smith+Nephew, Inc.'s CMS-reported General Payments increased by $5.0M (+12.0%) 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: SMITH+NEPHEW, INC.PY2023: SMITH+NEPHEW, INC.PY2024: Smith+Nephew, 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
- $41,400,677.63
- PY2024
- $46,381,797.94
What the Data Shows for Smith+Nephew, Inc.
Averaging $699.79 per transaction and $706.48 per recipient, Smith+Nephew, Inc.'s Program Year 2024 total comes to $50,478,119.45 across 72,133 transactions and 71,450 physicians and teaching hospitals. In the CMS Open Payments database that is good for rank #46 of 1,925 companies, representing 0.4% of all industry payments reported nationwide for the year.
The 13-category breakdown below covers general payments only (see our methodology for how research and ownership payments are reported separately). The largest general-payment category is "Royalty or License" at $24.3M, accounting for 52.3% of this company's General Payments and 574 transactions.
General Payment Breakdown by Type
"Royalty or License" leads Smith+Nephew, Inc.'s 13-category general-payment breakdown at $24.3M, 52.3% of the reported total.
Smith+Nephew, Inc. reports 13 general-payment categories - the top three are Royalty or License (52.3%), Consulting Fee (15.0%), and Grant (9.2%). The remaining 10 categories make up 23.4% of this company's reported general-payment total. That multi-category mix is the kind of profile single-category reporters cannot show.
Category breadth matters here: Smith+Nephew, Inc. files across 13 named CMS general-payment types in Program Year 2024, versus manufacturers that report a single dominant category. The chart and table below enumerate every type with an amount above zero for this company.
How Smith+Nephew, Inc. divides its payments
How the reported total splits across payment categories
| Payment Type | Amount | Transactions | % of Total |
|---|---|---|---|
| Royalty or License | $24.3M | 574 | 52.3% |
| Consulting Fee | $7.0M | 2,069 | 15.0% |
| Grant | $4.3M | 655 | 9.2% |
| Compensation for Services Other Than Consulting | $3.6M | 897 | 7.8% |
| Travel and Lodging | $2.7M | 5,948 | 5.8% |
| Food and Beverage | $2.5M | 60,636 | 5.4% |
| Acquisitions | $827.0K | 3 | 1.8% |
| Space Rental or Facility Fees | $439.0K | 100 | 0.9% |
| Debt Forgiveness | $406.6K | 75 | 0.9% |
| Long-Term Medical Supply or Device Loan | $313.4K | 334 | 0.7% |
| Education | $19.0K | 152 | 0.0% |
| Gift | $584.46 | 3 | 0.0% |
| Entertainment | $57.16 | 4 | 0.0% |
Recipient Concentration in General Payments
The five largest recipient relationships account for $10,270,131.63 (22.1%) of $46,381,797.94 in this company's General Payments records across 23,896 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 Smith+Nephew, Inc.
The five named recipients with the highest reported General Payments from this company
- 1
Paul Tornetta III
$3,015,589.80 across 36 reported transactions
- 2
William Ricci
$2,021,396.94 across 42 reported transactions
- 3
Roy Sanders
$1,901,786.04 across 28 reported transactions
- 4
Lee Kaplan
$1,856,442.81 across 4 reported transactions
- 5
Steven B Haas
$1,474,916.04 across 181 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.
Similarly Concentrated Companies
Companies whose General Payments are spread across recipients about as (un)evenly as Smith+Nephew, Inc.'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 Smith+Nephew, Inc..
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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.