Total Payments
$546,982
2024 Payments
$69,390
Companies
19
Transactions
646
Medicare Patients
1,204
Medicare Billing
$170,103
Payment Breakdown by Category
Consulting$293,063 (53.6%)
Other$159,133 (29.1%)
Travel$56,662 (10.4%)
Food & Beverage$28,525 (5.2%)
Education$9,600 (1.8%)
Payments by Nature
| Nature of Payment | Amount | Transactions | Share |
|---|---|---|---|
| Consulting Fee | $293,063 | 125 | 53.6% |
| Compensation for services other than consulting, including serving as faculty or as a speaker at a venue other than a continuing education program | $120,733 | 33 | 22.1% |
| Travel and Lodging | $56,662 | 112 | 10.4% |
| Food and Beverage | $28,525 | 348 | 5.2% |
| Honoraria | $27,900 | 16 | 5.1% |
| Compensation for serving as faculty or as a speaker for a medical education program | $10,500 | 4 | 1.9% |
| Education | $9,600 | 8 | 1.8% |
Top Paying Companies
| Company | Total | Records | Latest Year |
|---|---|---|---|
| Stryker Corporation | $209,777 | 203 | $0 (2024) |
| Smith+Nephew, Inc. | $206,327 | 274 | $0 (2024) |
| Vericel Corporation | $100,722 | 96 | $0 (2024) |
| Arthrex, Inc. | $18,670 | 25 | $0 (2023) |
| Micromed Inc | $5,192 | 6 | $0 (2022) |
| Saxum Surgical, Inc. | $4,154 | 13 | $0 (2023) |
| DePuy Synthes Sales Inc. | $803.65 | 11 | $0 (2021) |
| Linvatec Corporation | $554.97 | 7 | $0 (2022) |
| OsteoCentric Technologies, Inc. | $174.94 | 1 | $0 (2018) |
| Ossur Americas, Inc. | $142.22 | 1 | $0 (2024) |
Payment History by Year
| Year | Amount | Transactions | Top Company |
|---|---|---|---|
| 2024 | $69,390 | 86 | Smith+Nephew, Inc. ($43,512) |
| 2023 | $66,324 | 82 | Smith+Nephew, Inc. ($43,039) |
| 2022 | $60,928 | 74 | Smith+Nephew, Inc. ($38,780) |
| 2021 | $118,664 | 113 | Stryker Corporation ($61,965) |
| 2020 | $61,677 | 62 | Smith+Nephew, Inc. ($28,307) |
| 2019 | $50,172 | 82 | Stryker Corporation ($35,144) |
| 2018 | $64,072 | 90 | Stryker Corporation ($38,027) |
| 2017 | $55,755 | 57 | Stryker Corporation ($48,932) |
All Payment Transactions
646 individual payment records from CMS Open Payments — Page 1 of 26
| Date | Company | Product | Nature | Form | Amount | Type |
|---|---|---|---|---|---|---|
| 12/23/2024 | Vericel Corporation | MACI (Biological) | Honoraria | Cash or cash equivalent | $6,000.00 | General |
| Category: Orthopedics | ||||||
| 12/23/2024 | Vericel Corporation | MACI (Biological) | Consulting Fee | Cash or cash equivalent | $1,400.00 | General |
| Category: Orthopedics | ||||||
| 12/20/2024 | Smith+Nephew, Inc. | RF20000 (Device), Q-FIX, CAP-FIX | Food and Beverage | In-kind items and services | $114.26 | General |
| Category: Sports Med Resection | ||||||
| 12/13/2024 | Smith+Nephew, Inc. | — | Consulting Fee | Cash or cash equivalent | $9,750.00 | General |
| 12/11/2024 | Smith+Nephew, Inc. | — | Consulting Fee | Cash or cash equivalent | $1,300.00 | General |
| 12/11/2024 | Smith+Nephew, Inc. | Q-FIX (Device) | Food and Beverage | In-kind items and services | $24.01 | General |
| Category: Sports Med Hip | ||||||
| 12/09/2024 | Smith+Nephew, Inc. | — | Travel and Lodging | In-kind items and services | $320.70 | General |
| 12/07/2024 | Smith+Nephew, Inc. | Q-FIX (Device), ULTRABUTTON | Food and Beverage | In-kind items and services | $14.06 | General |
| Category: Extremities & Limb Restoration | ||||||
| 12/06/2024 | Smith+Nephew, Inc. | — | Travel and Lodging | In-kind items and services | $1,240.91 | General |
| 11/23/2024 | Smith+Nephew, Inc. | Q-FIX (Device) | Food and Beverage | In-kind items and services | $44.18 | General |
| Category: Sports Med Hip | ||||||
| 11/02/2024 | Vericel Corporation | MACI (Biological) | Travel and Lodging | Cash or cash equivalent | $181.26 | General |
| Category: Orthopedics | ||||||
| 11/02/2024 | Vericel Corporation | MACI (Biological) | Travel and Lodging | Cash or cash equivalent | $64.55 | General |
| Category: Orthopedics | ||||||
| 11/02/2024 | Vericel Corporation | MACI (Biological) | Food and Beverage | Cash or cash equivalent | $50.96 | General |
| Category: Orthopedics | ||||||
| 11/02/2024 | Vericel Corporation | MACI (Biological) | Food and Beverage | Cash or cash equivalent | $22.81 | General |
| Category: Orthopedics | ||||||
| 11/01/2024 | Vericel Corporation | MACI (Biological) | Food and Beverage | Cash or cash equivalent | $241.64 | General |
| Category: Orthopedics | ||||||
| 10/24/2024 | Vericel Corporation | MACI (Biological) | Consulting Fee | Cash or cash equivalent | $2,000.00 | General |
| Category: Orthopedics | ||||||
| 10/23/2024 | Smith+Nephew, Inc. | Coblation (Device), CAPTURE, MICRORAPTOR | Consulting Fee | Cash or cash equivalent | $2,625.00 | General |
| Category: Sports Med Access | ||||||
| 10/23/2024 | Smith+Nephew, Inc. | Coblation (Device), CAPTURE, MICRORAPTOR | Consulting Fee | Cash or cash equivalent | $250.00 | General |
| Category: Sports Med Access | ||||||
| 10/13/2024 | Smith+Nephew, Inc. | ACCU-PASS (Device) | Food and Beverage | In-kind items and services | $125.00 | General |
| Category: Sports Med Hip | ||||||
| 10/12/2024 | Smith+Nephew, Inc. | Coblation (Device), Q-FIX | Food and Beverage | In-kind items and services | $33.90 | General |
| Category: Sports Med Resection | ||||||
| 10/10/2024 | Vericel Corporation | MACI (Biological) | Consulting Fee | Cash or cash equivalent | $700.00 | General |
| Category: Orthopedics | ||||||
| 10/05/2024 | Smith+Nephew, Inc. | The Pink Hip Kit - Smith & Nephew Table (Device) | Compensation for services other than consulting, including serving as faculty or as a speaker at a venue other than a continuing education program | Cash or cash equivalent | $3,160.00 | General |
| Category: Sports Med Hip | ||||||
| 09/30/2024 | Stryker Corporation | SALVATION (Device) | Food and Beverage | In-kind items and services | $37.79 | General |
| Category: TRAUMA & EXTREMITIES | ||||||
| 09/27/2024 | Smith+Nephew, Inc. | ACCU-PASS (Device), AMBIENT, Q-FIX | Food and Beverage | In-kind items and services | $139.31 | General |
| Category: Sports Med Shoulder | ||||||
| 09/27/2024 | Smith+Nephew, Inc. | AMBIENT (Device), CAP-FIX, Q-FIX | Food and Beverage | In-kind items and services | $18.84 | General |
| Category: Sports Med Hip | ||||||
Medicare Billing by Year
| Year | Procedures | Beneficiaries | Services | Submitted | Medicare Paid |
|---|---|---|---|---|---|
| 2023 | 8 | 208 | 284 | $88,766 | $21,391 |
| 2022 | 10 | 308 | 432 | $194,447 | $50,045 |
| 2021 | 10 | 359 | 485 | $200,108 | $55,673 |
| 2020 | 11 | 329 | 453 | $161,964 | $42,994 |
Total Patients
1,204
Total Services
1,654
Medicare Billing
$170,103
Procedure Codes
39
All Medicare Procedures & Services
39 procedure records from CMS Medicare Utilization — Page 1 of 2
| HCPCS | Description | Setting | Year | Patients | Services | Charges | Medicare Paid | Ratio |
|---|---|---|---|---|---|---|---|---|
| 99214 | Established patient office or other outpatient visit, 30-39 minutes | Office | 2023 | 50 | 59 | $25,105 | $6,337 | 25.2% |
| 99213 | Established patient office or other outpatient visit, 20-29 minutes | Office | 2023 | 45 | 70 | $21,120 | $5,090 | 24.1% |
| 99204 | New patient office or other outpatient visit, 45-59 minutes | Office | 2023 | 35 | 35 | $19,241 | $4,728 | 24.6% |
| 20611 | Aspiration and/or injection of fluid large joint using ultrasound guidance | Office | 2023 | 23 | 35 | $15,558 | $3,309 | 21.3% |
| 73564 | X-ray of knee, 4 or more views | Office | 2023 | 11 | 15 | $2,475 | $631.35 | 25.5% |
| 73030 | X-ray of shoulder, minimum of 2 views | Office | 2023 | 16 | 20 | $2,440 | $561.25 | 23.0% |
| 73502 | X-ray of hip, 2-3 views | Office | 2023 | 12 | 12 | $2,067 | $532.08 | 25.7% |
| J0702 | Injection, betamethasone acetate 3 mg and betamethasone sodium phosphate 3 mg | Office | 2023 | 16 | 38 | $760.00 | $201.89 | 26.6% |
| J7327 | Hyaluronan or derivative, monovisc, for intra-articular injection, per dose | Office | 2022 | 15 | 33 | $62,700 | $20,161 | 32.2% |
| 99214 | Established patient office or other outpatient visit, 30-39 minutes | Office | 2022 | 71 | 99 | $42,529 | $10,059 | 23.7% |
| 99213 | Established patient office or other outpatient visit, 20-29 minutes | Office | 2022 | 51 | 80 | $24,272 | $6,017 | 24.8% |
| 99204 | New patient office or other outpatient visit, 45-59 minutes | Office | 2022 | 42 | 42 | $23,250 | $5,481 | 23.6% |
| 20611 | Aspiration and/or injection of fluid large joint using ultrasound guidance | Office | 2022 | 36 | 51 | $23,601 | $4,782 | 20.3% |
| 73564 | X-ray of knee, 4 or more views | Office | 2022 | 25 | 32 | $5,192 | $1,176 | 22.6% |
| 99215 | Established patient office or other outpatient visit, 40-54 minutes | Office | 2022 | 11 | 11 | $6,589 | $953.77 | 14.5% |
| 73030 | X-ray of shoulder, minimum of 2 views | Office | 2022 | 24 | 26 | $3,136 | $697.69 | 22.2% |
| 73502 | X-ray of hip, 2-3 views | Office | 2022 | 14 | 14 | $2,298 | $494.94 | 21.5% |
| J0702 | Injection, betamethasone acetate 3 mg and betamethasone sodium phosphate 3 mg | Office | 2022 | 19 | 44 | $880.00 | $223.60 | 25.4% |
| J7327 | Hyaluronan or derivative, monovisc, for intra-articular injection, per dose | Office | 2021 | 18 | 34 | $64,600 | $20,947 | 32.4% |
| 99214 | Established patient outpatient visit, total time 30-39 minutes | Office | 2021 | 67 | 97 | $38,914 | $10,528 | 27.1% |
| 99204 | New patient outpatient visit, total time 45-59 minutes | Office | 2021 | 54 | 54 | $29,402 | $7,554 | 25.7% |
| 20611 | Aspiration and/or injection of major joint or joint capsule with recording and reporting using ultrasound guidance | Office | 2021 | 44 | 60 | $25,863 | $6,022 | 23.3% |
| 99213 | Established patient outpatient visit, total time 20-29 minutes | Office | 2021 | 50 | 65 | $17,291 | $4,596 | 26.6% |
| 99215 | Established patient outpatient visit, total time 40-54 minutes | Office | 2021 | 14 | 14 | $7,938 | $2,262 | 28.5% |
| 73564 | X-ray of knee, 4 or more views | Office | 2021 | 42 | 55 | $8,631 | $1,941 | 22.5% |
About Dr. Michael Banffy, MD
Dr. Michael Banffy, MD is a Sports Medicine healthcare provider based in Los Angeles, California. This provider has been registered with the National Plan and Provider Enumeration System (NPPES) since 02/27/2007. The National Provider Identifier (NPI) number assigned to this provider is 1558497982.
According to the Centers for Medicare & Medicaid Services (CMS) Open Payments database, Dr. Michael Banffy, MD has received a total of $546,982 in payments from pharmaceutical and medical device companies, with $69,390 received in 2024. These payments were reported across 646 transactions from 19 companies. The most common payment nature is "Consulting Fee" ($293,063).
As a Medicare-enrolled provider, Banffy has provided services to 1,204 Medicare beneficiaries, totaling 1,654 services with total Medicare billing of $170,103. Data is available for 4 years (2020–2023), covering 39 distinct procedure/service records.
Ad
Practice Information
- Specialty Sports Medicine
- Location Los Angeles, CA
- Active Since 02/27/2007
- Last Updated 08/15/2024
- Taxonomy Code 207XX0005X
- Entity Type Individual
- NPI Number 1558497982
Products in Payments
- MACI (Biological) $74,029
- ARTHROSCOPY (Device) $41,625
- HIPMAP (Device) $26,680
- NA (Device) $26,142
- HIP ARTHROSCOPY ACCESS & INSTRUMENTATION SET (Device) $21,250
- ICONIX (Device) $19,887
- SPATIAL FRAME (Device) $17,742
- MACI _ PEAK Study (Drug) $15,601
- REGENETEN Shoulder (Device) $12,157
- Q-FIX (Device) $11,506
- MICRORAPTOR Knotless Shoulder (Device) $11,395
- INSPACE (Device) $10,258
- PIVOT PORTAL ENTRY KIT (Device) $10,195
- HIPCHECK (Device) $7,903
- ACCOLADE (Device) $7,758
- Regeneten (Device) $6,991
- ACCU-PASS (Device) $5,747
- FAST-FIX (Device) $5,649
- HEALICOIL (Device) $5,230
- MACI (Drug) $5,032
Explore
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.
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