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February 2025
United States
2023
payments made by drug and medical device companies to physicians, physician assistants, advanced practice nurses, and teaching hospitals
Presented figures may include payments of the following nature:
1. Acquisitions: buyout payments made to covered recipients who have ownership interest in a company that has been acquired.
2. Charitable contribution: a payment or transfer of value made to an organization with tax-exempt status under the Internal Revenue Code of 1986. Charitable contributions do not include payments or transfers of value that would be more specifically described by one of the other payment categories. 3. Compensation for services other than consulting, including serving as faculty or as a speaker at a venue other than a continuing education program: payments made to physicians for speaking, training, and education engagements that are not for continuing education.
4. Consulting fee: a payment that a company makes to a physician for advice and expertise about a medical product or treatment. Consulting fees are typically arranged with a written agreement between a company and physician based on the company’s particular business needs. These payments often vary depending on the consulting physician’s expertise.
5. Education: payments or transfers of value for classes, activities, programs, or events that involve learning or teaching a profession skill. This payment can include things like textbooks and medical journal articles.
6. Food and beverage.
7. Gift: a general category which includes anything a reporting entity provides to a covered recipient that does not fit into another Nature of Payment category.
8. Grant: a payment to a covered recipient to support a specific cause or activity;
9. Royalty or license: payments based on sales of products that use a physician’s intellectual property.
10. Space rental or facility fees (teaching hospital only): payments or fees associated with renting a space or facility. This nature of payment category is applicable only to Teaching Hospital covered recipients.
11. Travel and lodging: any compensation for costs associated with travel, such as hotel fees, airfare, mileage, and cab fare.Â
Figures have been rounded.
