PlainPharmaWatch
CMS PY 2024 Company profile Open Payments data

SOLVENTUM CORPORATION

SOLVENTUM CORPORATION reported $7.0M in payments to physicians and teaching hospitals across 24,510 transactions in CMS Open Payments PY 2024.

Pharmaceutical payment transparency data for SOLVENTUM CORPORATION. Ranked #207 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.

Payment Overview

Total Payments

$7.0M

0.1% of all payments

Transactions

24,510

$287.60 avg

Recipients

24,433

$288.50 avg

Industry Rank

#207

of 1,797 companies

What the Data Shows for SOLVENTUM CORPORATION

In Program Year 2024, SOLVENTUM CORPORATION reported $7,049,004.76 in payments to 24,433 physicians and teaching hospitals across 24,510 individual transactions — an average of $287.60 per transaction and $288.50 per recipient. That total places SOLVENTUM CORPORATION at rank #207 out of 1,797 companies in the CMS Open Payments database, representing 0.1% of all industry payments reported nationwide for the year. Payment volume at this scale is characteristic of manufacturers with broad prescriber engagement, active clinical research programs, or patented therapies generating ongoing royalty obligations.

The payment mix for SOLVENTUM CORPORATION spans 13 distinct categories defined by CMS — including general payments (consulting, speaker fees, meals, travel), research payments tied to clinical trials, and ownership or investment interests. The largest single category is "Grant" at $1.8M, accounting for 25.2% of the company's reported total and 34 transactions. This distribution matters because different payment types carry different regulatory and ethical implications: research funding supports clinical development, while general payments like meals and speaker fees have been studied for their correlation with prescribing patterns in peer-reviewed journals such as JAMA Internal Medicine.

Recipient concentration is another useful lens. The top 5 recipients of payments from SOLVENTUM CORPORATION received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 24,433 recipients. A relatively distributed top-5 share suggests broader engagement across the prescriber community rather than concentration among a handful of high-value relationships. All figures above are drawn directly from the CMS Open Payments Public Use Files for PY2024 and are disclosed under the Physician Payments Sunshine Act; this page summarizes reported financial transfers and does not represent medical advice or judgment about individual prescribing decisions.

Payment Breakdown by Type

SOLVENTUM CORPORATION made 13 types of payments. "Grant" accounts for 25.2%.

Grant $1.8M

25.2% · 34 transactions

Compensation for Services Other Than Consulting $1.6M

22.3% · 287 transactions

Consulting Fee $824.9K

11.7% · 428 transactions

Food and Beverage $790.8K

11.2% · 22,381 transactions

Travel and Lodging $474.7K

6.7% · 1,223 transactions

Compensation for Faculty or Speaker (Medical Education) $170.2K

2.4% · 30 transactions

Royalty or License $154.1K

2.2% · 4 transactions

Long-Term Medical Supply or Device Loan $116.8K

1.7% · 4 transactions

Payment Type Amount Transactions
Grant $1.8M 34
Compensation for Services Other Than Consulting $1.6M 287
Consulting Fee $824.9K 428
Food and Beverage $790.8K 22,381
Travel and Lodging $474.7K 1,223
Compensation for Faculty or Speaker (Medical Education) $170.2K 30
Royalty or License $154.1K 4
Long-Term Medical Supply or Device Loan $116.8K 4
Space Rental or Facility Fees $73.3K 2
Debt Forgiveness $3.8K 18
Education $3.1K 7
Entertainment $702.79 14
Gift $87.79 1

Payment Size Analysis

Average transaction size: $287.60. Average per recipient: $288.50.

Total Amount

$7,049,004.76

Avg per Transaction

$287.60

Avg per Recipient

$288.50

Payment Transparency Context

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)

$13.3B

across 1,797 companies

SOLVENTUM CORPORATION Share

0.1%

#207 by total payments

Frequently Asked Questions

How much did SOLVENTUM CORPORATION pay to physicians and hospitals in 2024?
SOLVENTUM CORPORATION made $7,049,004.76 in payments to physicians and hospitals in Program Year 2024, across 24,510 individual transactions. This represents 0.1% of all industry payments reported to CMS Open Payments.
How many physicians received payments from SOLVENTUM CORPORATION?
SOLVENTUM CORPORATION made payments to 24,433 physicians and teaching hospitals in 2024. The average payment per recipient was $288.50.
What types of payments did SOLVENTUM CORPORATION make?
SOLVENTUM CORPORATION made 13 different types of payments. The largest category was "Grant" at $1.8M, representing 25.2% of all payments.
How does SOLVENTUM CORPORATION rank among pharmaceutical companies?
SOLVENTUM CORPORATION ranks #207 out of 1,797 companies by total payment amount in the CMS Open Payments database for 2024.
What is the average payment size from SOLVENTUM CORPORATION?
The average transaction from SOLVENTUM CORPORATION was $287.60 in 2024. The company made 24,510 total transactions to 24,433 recipients.
Are the top recipients concentrated for SOLVENTUM CORPORATION?
The top 5 recipients received $0.00 from SOLVENTUM CORPORATION, representing 0.0% of the company's total payments. Payments are relatively well-distributed across recipients.
Where does the payment data for SOLVENTUM CORPORATION 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: $13.3B across 1,797 companies.

Related

Data sourced from official U.S. government datasets. 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.