$12,268.60 ownership Payment -- Bristol-Myers Squibb to Dr. Timothy Rogers
Hematologist Timothy Rogers Receives $12,268.60 Ownership Interest from Bristol-Myers Squibb for Ibrance
This page provides a detailed analysis of a $12,268.60 ownership payment from Bristol-Myers Squibb to Dr. Timothy Rogers. Data is from the CMS Open Payments (Sunshine Act) database.
Payment Details
| Field | Value |
|---|---|
| Amount | $12,268.60 |
| Payment Type | ownership |
| Payment Nature | Ownership or Investment Interest |
| Pharmaceutical Company | Bristol-Myers Squibb |
| Physician | Dr. Timothy Rogers |
| NPI Number | 1990998691 |
| Physician Specialty | Hematology |
| Location | Tampa, FL |
| Date of Payment | 2024-12-11 |
| Related Drug/Device | Ibrance |
| Conflict Assessment | Moderate -- Worth Noting |
AI-Powered Analysis of This Payment
The following analysis was generated by artificial intelligence to help patients understand the context, significance, and implications of this pharmaceutical payment. This analysis is not medical or legal advice.
Bristol-Myers Squibb made a $12.3K ownership payment to Timothy Rogers, a Hematology specialist in Tampa, FL. The payment was associated with Ibrance. Timothy Rogers received a significant ownership interest payment from Bristol-Myers Squibb, totaling $12,268.60. This payment is categorized as an 'Ownership or Investment Interest', indicating a financial stake rather than a direct service payment. The payment is associated with the drug Ibrance, a medication commonly used in Hematology.
Patient Guidance: What This Payment Means for You
If you are a patient, understand that your doctor may have financial interests in the medications they prescribe. Discuss any concerns about potential conflicts of interest with your healthcare provider. Always discuss your treatment options with your healthcare provider and ask about alternatives.
Payment Context: Is This Amount Normal?
Ownership interest payments can be common in specialties like Hematology where pharmaceutical companies invest in companies developing or marketing specific drugs. The amount here is moderate compared to some other reported ownership interests.
Regulatory Context: Sunshine Act Requirements
Physicians must disclose ownership or investment interests in pharmaceutical companies or medical device manufacturers that could create a conflict of interest, as required by the Physician Payments Sunshine Act.
Related Topics
This payment is related to the following healthcare transparency topics:
- ownership-interest
- pharmaceutical-payments
- hematology
- bristol-myers-squibb
- ibrance
- physician-compensation
Understanding ownership Payments
Ownership and investment interest payments represent dividends, returns, or other financial benefits from physician ownership stakes in pharmaceutical or medical device companies. These relationships represent the most direct form of financial interest and are subject to the strictest reporting requirements under the Sunshine Act.
Frequently Asked Questions About This Payment
What was this $12.3K payment for?
This was a ownership payment of $12.3K from Bristol-Myers Squibb to Timothy Rogers, categorized as "Ownership or Investment Interest". It was associated with Ibrance. The payment was reported under the Sunshine Act (CMS Open Payments).
Does Timothy Rogers accept pharmaceutical money?
Yes, Timothy Rogers received this $12.3K payment from Bristol-Myers Squibb. Under the Sunshine Act, pharmaceutical companies must report all payments to physicians exceeding $10. You can view Timothy Rogers's full payment history on the CMS Open Payments database or on this site.
Is it legal for doctors to accept pharma payments?
Yes, it is legal for physicians to receive payments from pharmaceutical companies. The Physician Payments Sunshine Act (2010) requires transparency by mandating that companies report all payments exceeding $10 to CMS. These payments include consulting fees, meals, travel, speaking fees, and research grants. The law does not prohibit payments but ensures public disclosure.
Should I be concerned about this ownership payment?
A ownership payment of $12.3K should be evaluated in context. Payment does not imply wrongdoing, but patients have the right to ask their doctor about pharmaceutical relationships.
How do I talk to my doctor about pharma relationships?
You can ask your doctor directly: "Do you receive payments from pharmaceutical companies?" and "Does this affect which medications you prescribe?" Most doctors will answer honestly. You can also verify payment data yourself through CMS Open Payments (openpaymentsdata.cms.gov). Consider asking about generic alternatives and whether the prescribed medication is the best option regardless of manufacturer relationships.
What types of pharma payments are most concerning?
Ownership interests and large consulting/speaking fees are generally considered more significant than meals or small educational grants. Research payments typically fund clinical studies and are common in academic medicine. The total volume and concentration of payments from a single company may be more telling than any individual payment. Patterns matter more than individual transactions.
Does pharma money affect what my doctor prescribes?
Research shows that even small payments can influence prescribing behavior. Studies published in JAMA Internal Medicine found that physicians who received meals costing as little as $20 were more likely to prescribe the promoted brand-name drug. However, many physician-industry interactions are legitimate professional activities. The key is transparency and awareness.
How does this compare to other doctors in Hematology?
To compare this payment against Hematology averages, check the full specialty breakdown on CMS Open Payments. Payment amounts vary widely by specialty and type. Hematology physicians may receive payments for consulting, speaking, or research that are standard for the field. Individual payments should be evaluated in the context of the doctor's full payment history.
What does this payment reveal about Timothy Rogers's relationship with Bristol-Myers Squibb?
The payment date is in the future (December 11, 2024), suggesting this may be a reported future interest or a data entry anomaly. This $12.3K ownership payment is part of the transparency data reported under the Sunshine Act.
Is this payment amount typical for Hematology?
The amount is substantial for an ownership interest payment.
What should patients do after learning about this payment?
If you are a patient, understand that your doctor may have financial interests in the medications they prescribe. Discuss any concerns about potential conflicts of interest with your healthcare provider.
What else should I know about this ownership payment?
The payment is linked to a specific drug, Ibrance, used in Hematology.
Related Reports
Data from CMS Open Payments. Payment does not imply wrongdoing. Consult your healthcare provider about any concerns.