Total Payments
$1.1M
2024 Payments
$231,912
Companies
33
Transactions
1,147
Medicare Patients
3,645
Medicare Billing
$355,961
Payment Breakdown by Category
Consulting$745,555 (69.1%)
Travel$125,888 (11.7%)
Royalty/License$104,805 (9.7%)
Other$74,525 (6.9%)
Food & Beverage$27,710 (2.6%)
Gifts$258.11 (0.0%)
Payments by Nature
| Nature of Payment | Amount | Transactions | Share |
|---|---|---|---|
| Consulting Fee | $745,555 | 222 | 69.1% |
| Travel and Lodging | $125,888 | 289 | 11.7% |
| Royalty or License | $104,805 | 51 | 9.7% |
| Compensation for services other than consulting, including serving as faculty or as a speaker at a venue other than a continuing education program | $53,121 | 33 | 4.9% |
| Food and Beverage | $27,710 | 536 | 2.6% |
| Grant | $20,000 | 1 | 1.9% |
| Honoraria | $1,404 | 1 | 0.1% |
| Gift | $258.11 | 14 | 0.0% |
Top Paying Companies
| Company | Total | Records | Latest Year |
|---|---|---|---|
| Stryker Corporation | $446,081 | 523 | $0 (2024) |
| Medline Industries LP | $413,060 | 305 | $0 (2024) |
| MedShape, Inc. | $83,432 | 79 | $0 (2024) |
| Trilliant Surgical LLC. | $78,757 | 79 | $0 (2024) |
| Novastep Inc. | $19,578 | 25 | $0 (2024) |
| Embody, Inc. | $12,222 | 5 | $0 (2022) |
| Bone Support Inc. | $10,503 | 11 | $0 (2024) |
| TREACE MEDICAL CONCEPTS, INC. | $10,331 | 16 | $0 (2023) |
| Arthrex, Inc. | $1,921 | 5 | $0 (2018) |
| Great Lakes Orthopedics | $727.63 | 8 | $0 (2018) |
Payment History by Year
| Year | Amount | Transactions | Top Company |
|---|---|---|---|
| 2024 | $231,912 | 173 | Medline Industries LP ($103,301) |
| 2023 | $222,046 | 202 | MEDLINE INDUSTRIES LP ($118,415) |
| 2022 | $186,075 | 185 | Stryker Corporation ($74,625) |
| 2021 | $70,105 | 103 | Medline Industries, Inc. ($36,368) |
| 2020 | $114,357 | 102 | Stryker Corporation ($76,365) |
| 2019 | $97,839 | 139 | Stryker Corporation ($63,021) |
| 2018 | $90,854 | 122 | Stryker Corporation ($65,375) |
| 2017 | $65,553 | 121 | Stryker Corporation ($49,895) |
All Payment Transactions
1,147 individual payment records from CMS Open Payments — Page 1 of 46
| Date | Company | Product | Nature | Form | Amount | Type |
|---|---|---|---|---|---|---|
| 12/21/2024 | Fusion Orthopedics USA, LLC | — | Food and Beverage | Cash or cash equivalent | $40.78 | General |
| 12/20/2024 | Medline Industries LP | Medline (Device), Medline Industries, Inc., Medline | Grant | Cash or cash equivalent | $20,000.00 | General |
| Category: Orthopedics | ||||||
| 12/19/2024 | Stryker Corporation | INBONE (Device) | Travel and Lodging | Cash or cash equivalent | $198.54 | General |
| Category: TRAUMA & EXTREMITIES | ||||||
| 12/17/2024 | Stryker Corporation | INBONE (Device) | Travel and Lodging | Cash or cash equivalent | $202.51 | General |
| Category: TRAUMA & EXTREMITIES | ||||||
| 12/16/2024 | Stryker Corporation | INBONE (Device) | Travel and Lodging | Cash or cash equivalent | $177.54 | General |
| Category: TRAUMA & EXTREMITIES | ||||||
| 11/27/2024 | Stryker Corporation | VARIAX (Device) | Food and Beverage | In-kind items and services | $22.44 | General |
| Category: TRAUMA & EXTREMETIES | ||||||
| 11/27/2024 | Stryker Corporation | VARIAX (Device) | Food and Beverage | In-kind items and services | $19.66 | General |
| Category: TRAUMA & EXTREMETIES | ||||||
| 11/26/2024 | MedShape, Inc. | DynaClip Bone Fixation System, Quattro, 22mm x 20mm x 20mm (Device) | Consulting Fee | Cash or cash equivalent | $1,500.00 | General |
| Category: Joint Implants | ||||||
| 11/26/2024 | MedShape, Inc. | DynaClip Bone Fixation System, Quattro, 22mm x 20mm x 20mm (Device) | Consulting Fee | Cash or cash equivalent | $1,000.00 | General |
| Category: Joint Implants | ||||||
| 11/26/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Consulting Fee | Cash or cash equivalent | $500.00 | General |
| Category: Joint Implants | ||||||
| 11/26/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Consulting Fee | Cash or cash equivalent | $500.00 | General |
| Category: Joint Implants | ||||||
| 11/19/2024 | Stryker Corporation | VARIAX (Device), ORTHOLOC 2 LAPIFUSE | Consulting Fee | Cash or cash equivalent | $8,550.00 | General |
| Category: TRAUMA & EXTREMETIES | ||||||
| 11/19/2024 | MedShape, Inc. | DynaNail (Device) | Consulting Fee | Cash or cash equivalent | $1,500.00 | General |
| Category: Joint Implants | ||||||
| 11/19/2024 | MedShape, Inc. | DynaNail (Device) | Consulting Fee | Cash or cash equivalent | $1,000.00 | General |
| Category: Joint Implants | ||||||
| 11/19/2024 | Medline Industries LP | — | Food and Beverage | In-kind items and services | $30.80 | General |
| 11/13/2024 | MedShape, Inc. | DynaNail (Device) | Consulting Fee | Cash or cash equivalent | $2,000.00 | General |
| Category: Joint Implants | ||||||
| 11/13/2024 | MedShape, Inc. | DynaNail (Device) | Consulting Fee | Cash or cash equivalent | $1,500.00 | General |
| Category: Joint Implants | ||||||
| 11/13/2024 | MedShape, Inc. | DynaNail (Device) | Consulting Fee | Cash or cash equivalent | $1,000.00 | General |
| Category: Joint Implants | ||||||
| 10/31/2024 | Medline Industries LP | PENDING (Device), Medline, MEDLINE UNITE | Consulting Fee | Cash or cash equivalent | $5,100.00 | General |
| Category: Orthopedics | ||||||
| 10/31/2024 | Medline Industries LP | Medline (Device), PENDING, Medline | Travel and Lodging | In-kind items and services | $1,257.08 | General |
| Category: Orthopedics | ||||||
| 10/29/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Consulting Fee | Cash or cash equivalent | $6,000.00 | General |
| Category: Joint Implants | ||||||
| 10/29/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Consulting Fee | Cash or cash equivalent | $2,500.00 | General |
| Category: Joint Implants | ||||||
| 10/29/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Travel and Lodging | Cash or cash equivalent | $715.90 | General |
| Category: Joint Implants | ||||||
| 10/29/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Consulting Fee | Cash or cash equivalent | $500.00 | General |
| Category: Joint Implants | ||||||
| 10/29/2024 | Trilliant Surgical LLC. | Arsenal Sinus Support Plate (Device) | Travel and Lodging | Cash or cash equivalent | $42.97 | General |
| Category: Joint Implants | ||||||
Medicare Billing by Year
| Year | Procedures | Beneficiaries | Services | Submitted | Medicare Paid |
|---|---|---|---|---|---|
| 2023 | 20 | 1,237 | 2,256 | $592,459 | $104,793 |
| 2022 | 16 | 748 | 1,419 | $227,287 | $66,557 |
| 2021 | 24 | 983 | 1,676 | $395,317 | $104,742 |
| 2020 | 19 | 677 | 1,390 | $368,376 | $79,869 |
Total Patients
3,645
Total Services
6,741
Medicare Billing
$355,961
Procedure Codes
82
All Medicare Procedures & Services
82 procedure records from CMS Medicare Utilization — Page 1 of 4
| HCPCS | Description | Setting | Year | Patients | Services | Charges | Medicare Paid | Ratio |
|---|---|---|---|---|---|---|---|---|
| 99204 | New patient office or other outpatient visit, 45-59 minutes | Office | 2023 | 172 | 172 | $84,280 | $21,938 | 26.0% |
| 99214 | Established patient office or other outpatient visit, 30-39 minutes | Office | 2023 | 105 | 149 | $47,382 | $14,628 | 30.9% |
| 73630 | X-ray of foot, minimum of 3 views | Office | 2023 | 226 | 374 | $60,063 | $11,484 | 19.1% |
| 99213 | Established patient office or other outpatient visit, 20-29 minutes | Office | 2023 | 90 | 112 | $24,080 | $7,920 | 32.9% |
| 99203 | New patient office or other outpatient visit, 30-44 minutes | Office | 2023 | 69 | 69 | $22,080 | $6,136 | 27.8% |
| 28485 | Treatment of broken midportion of foot | Facility | 2023 | 13 | 13 | $32,279 | $5,784 | 17.9% |
| 77002 | Fluoroscopic guidance for needle placement | Office | 2023 | 50 | 62 | $31,496 | $5,605 | 17.8% |
| 73600 | X-ray of ankle, 2 views | Office | 2023 | 155 | 166 | $25,803 | $5,124 | 19.9% |
| 28750 | Fusion of big toe at joint with foot | Facility | 2023 | 11 | 11 | $41,928 | $5,003 | 11.9% |
| 73718 | Mri scan of leg without contrast | Office | 2023 | 24 | 24 | $29,321 | $3,208 | 10.9% |
| 73721 | Mri scan of leg joint without contrast | Office | 2023 | 26 | 26 | $44,816 | $3,114 | 6.9% |
| 20900 | Harvest of graft from small bone | Facility | 2023 | 38 | 38 | $66,500 | $2,776 | 4.2% |
| 73610 | X-ray of ankle, minimum of 3 views | Office | 2023 | 41 | 83 | $13,685 | $2,530 | 18.5% |
| 20605 | Aspiration and/or injection of fluid from medium joint | Office | 2023 | 47 | 57 | $13,794 | $2,519 | 18.3% |
| 29405 | Application of short leg cast | Office | 2023 | 19 | 35 | $12,460 | $2,332 | 18.7% |
| Q4038 | Cast supplies, short leg cast, adult (11 years +), fiberglass | Office | 2023 | 19 | 34 | $5,576 | $1,306 | 23.4% |
| 20550 | Injection into tendon or ligament | Office | 2023 | 18 | 25 | $6,350 | $1,137 | 17.9% |
| 76942 | Ultrasonic guidance for needle placement | Office | 2023 | 15 | 18 | $10,584 | $817.61 | 7.7% |
| 29540 | Placement of strapping to ankle or foot | Office | 2023 | 24 | 34 | $4,148 | $787.47 | 19.0% |
| J3301 | Injection, triamcinolone acetonide, not otherwise specified, 10 mg | Office | 2023 | 75 | 754 | $15,834 | $645.06 | 4.1% |
| 99214 | Established patient office or other outpatient visit, 30-39 minutes | Office | 2022 | 91 | 156 | $49,604 | $14,666 | 29.6% |
| 73630 | X-ray of foot, minimum of 3 views | Office | 2022 | 142 | 349 | $30,382 | $8,738 | 28.8% |
| 99213 | Established patient office or other outpatient visit, 20-29 minutes | Office | 2022 | 81 | 129 | $28,910 | $7,603 | 26.3% |
| 11721 | Removal of fingernails or toenails, 6 or more nails | Office | 2022 | 76 | 197 | $12,805 | $5,638 | 44.0% |
| 99203 | New patient office or other outpatient visit, 30-44 minutes | Office | 2022 | 69 | 69 | $18,915 | $5,390 | 28.5% |
About Dr. Matthew Sorensen, DPM
Dr. Matthew Sorensen, DPM is a Foot & Ankle Surgery healthcare provider based in Algonquin, Illinois. This provider has been registered with the National Plan and Provider Enumeration System (NPPES) since 06/15/2007. The National Provider Identifier (NPI) number assigned to this provider is 1477758035.
According to the Centers for Medicare & Medicaid Services (CMS) Open Payments database, Dr. Matthew Sorensen, DPM has received a total of $1.1M in payments from pharmaceutical and medical device companies, with $231,912 received in 2024. These payments were reported across 1,147 transactions from 33 companies. The most common payment nature is "Consulting Fee" ($745,555).
As a Medicare-enrolled provider, Sorensen has provided services to 3,645 Medicare beneficiaries, totaling 6,741 services with total Medicare billing of $355,961. Data is available for 4 years (2020–2023), covering 82 distinct procedure/service records.
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Practice Information
- Specialty Foot & Ankle Surgery
- Location Algonquin, IL
- Active Since 06/15/2007
- Last Updated 12/30/2022
- Taxonomy Code 213ES0103X
- Entity Type Individual
- NPI Number 1477758035
Products in Payments
- MEDLINE UNITE (Device) $196,158
- ANCHORAGE (Device) $86,534
- VARIAX (Device) $66,331
- Dermatology and Wound Care (Medical Supply) $63,644
- Medline (Device) $59,362
- STAR (Device) $44,575
- Arsenal Sinus Support Plate (Device) $44,343
- DynaNail (Device) $37,702
- DynaNail Helix, Washer, 15 mm (Device) $37,671
- Arsenal Ankle 10 Hole 1/3 Tubular Plate (Device) $31,927
- ORTHOLOC 2 LAPIFUSE (Device) $24,214
- INBONE (Device) $22,548
- FIXOS (Device) $21,366
- PENDING (Device) $19,597
- GRAVITY SYNCHFIX (Device) $17,960
- Anchorage (Device) $17,678
- HOFFMANN (Device) $15,920
- EASY CLIP (Device) $14,033
- star (Device) $13,718
- Polyaxial Locking Miniscrew (Device) $13,452
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Data Sources
Provider data from NPPES. Payment data from CMS Open Payments. Medicare data from CMS Medicare Provider Utilization. All data is public and updated periodically.