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CMS PY 2024 Company profile Open Payments data

VERATHON INC.

VERATHON INC. reported $672.8K in payments to physicians and teaching hospitals across 92 transactions in CMS Open Payments PY 2024.

Pharmaceutical payment transparency data for VERATHON INC.. Ranked #663 of 1,797 companies by total payments. Source: CMS Open Payments, Program Year 2024.

Payment Overview

Total Payments

$672.8K

0.0% of all payments

Transactions

92

$7.3K avg

Recipients

92

$7.3K avg

Industry Rank

#663

of 1,797 companies

What the Data Shows for VERATHON INC.

In Program Year 2024, VERATHON INC. reported $672,806.19 in payments to 92 physicians and teaching hospitals across 92 individual transactions — an average of $7.3K per transaction and $7.3K per recipient. That total places VERATHON INC. at rank #663 out of 1,797 companies in the CMS Open Payments database, representing 0.0% 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 VERATHON INC. spans 2 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 "Consulting Fee" at $590.3K, accounting for 87.7% of the company's reported total and 90 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 VERATHON INC. received $0.00 combined — 0.0% of the company's total — with the remaining 100.0% distributed across the rest of the 92 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

VERATHON INC. made 2 types of payments. "Consulting Fee" accounts for 87.7%.

Consulting Fee $590.3K

87.7% · 90 transactions

Grant $82.5K

12.3% · 2 transactions

Payment Type Amount Transactions
Consulting Fee $590.3K 90
Grant $82.5K 2

Payment Size Analysis

Average transaction size: $7.3K. Average per recipient: $7.3K.

Total Amount

$672,806.19

Avg per Transaction

$7.3K

Avg per Recipient

$7.3K

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

VERATHON INC. Share

0.0%

#663 by total payments

Frequently Asked Questions

How much did VERATHON INC. pay to physicians and hospitals in 2024?
VERATHON INC. made $672,806.19 in payments to physicians and hospitals in Program Year 2024, across 92 individual transactions. This represents 0.0% of all industry payments reported to CMS Open Payments.
How many physicians received payments from VERATHON INC.?
VERATHON INC. made payments to 92 physicians and teaching hospitals in 2024. The average payment per recipient was $7.3K.
What types of payments did VERATHON INC. make?
VERATHON INC. made 2 different types of payments. The largest category was "Consulting Fee" at $590.3K, representing 87.7% of all payments.
How does VERATHON INC. rank among pharmaceutical companies?
VERATHON INC. ranks #663 out of 1,797 companies by total payment amount in the CMS Open Payments database for 2024.
What is the average payment size from VERATHON INC.?
The average transaction from VERATHON INC. was $7.3K in 2024. The company made 92 total transactions to 92 recipients.
Are the top recipients concentrated for VERATHON INC.?
The top 5 recipients received $0.00 from VERATHON INC., representing 0.0% of the company's total payments. Payments are relatively well-distributed across recipients.
Where does the payment data for VERATHON 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: $13.3B 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.