Has Derrick Wallace, MD received payments from drug or device companies?

Yes. Drug and device makers reported $1,860 in general payments to Derrick Wallace, MD across 26 transactions between 2019–2025. Most Open Payments records nationally are meals worth under $20; a reported payment is not evidence of wrongdoing.

Does a payment mean Derrick Wallace, MD did something wrong?

No. Federal law requires drug and device makers to report almost every transfer of value to a physician, including a $14 sandwich at a lunch presentation. Consulting fees, research funding and royalties to device inventors are ordinary, legal parts of medicine. This site reports what was disclosed; it makes no allegation.

Where does this information about Derrick Wallace, MD come from?

The U.S. Centers for Medicare & Medicaid Services. Payments come from Open Payments, published under the Physician Payments Sunshine Act. Billing and prescribing figures come from the Medicare Physician & Other Practitioners and Part D Prescriber public use files for 2024.

Derrick Wallace, MD

Otolaryngology · Nutley, NJNPI 1114900362

Payments from drug & device makers

$1,860in general payments, 2019–2025

Across 26 payments — averaging $71.54 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

Aerin Medical Inc.$1K
Optinose US, Inc.$423
GSK$107
Chiesi USA, Inc.$105
Regeneron Healthcare Solutions, Inc.$35
Sanofi$18

What the payments were for

Travel & lodging$43223%
Food & beverage$1,41076%
Education$181%

Most of this is food and beverage — typically meals provided during product presentations at a clinic or hospital. Nationally that is the single largest category of reported payments by count.

General payments by program year

Who reported the general payments

Companies are grouped under their corporate parent — a single manufacturer often files under several CMS reporting entities. Research and ownership payments are counted separately and are not in this table.

Company	Payments	Total
Aerin Medical Inc.	14	$1,172
Optinose US, Inc.	6	$423
GSK	1	$107
Chiesi USA, Inc.	2	$105
Regeneron Healthcare Solutions, Inc.	2	$35
Sanofi	1	$18

What the payments were tied to

Products named in the reported payments. Only payments of $100 or more are attributed here — the typical reported payment nationally is a meal worth about $16, and listing those product-by-product would be noise.

How this compares

$1,860 in reported general payments places this provider in the 60th percentile of 232 otolaryngology providers in New Jersey.

See all otolaryngology providers in New Jersey →

Medicare billing

Part B allowed, 2024

$109,877

Medicare patients

528

Services billed

1,022

What this is not: this is the amount Original Medicare Part B allowed for services this provider billed in 2024. It is not their income. It excludes Medicare Advantage — now more than half of all Medicare enrollment — along with Medicaid and all commercial insurance, and it is gross practice revenue before staff, rent, supplies and malpractice premiums. CMS also suppresses any figure covering ten or fewer patients, so low-volume providers appear smaller than they are.

Most prescribed under Part D

Drug	Claims	Cost to plans & patients
Azelastine Hcl	113	$4,248
Ipratropium Bromide	119	$3,783
Fluocinolone Acetonide Oil	56	$3,097
Montelukast Sodium	136	$2,545
Ciprofloxacin-DexamethasoneCiprofloxacin Hcl/Dexameth	14	$1,649
Ofloxacin	42	$1,635
Fluticasone Propionate	86	$1,567
Triamcinolone Acetonide	12	$454
Levocetirizine Dihydrochloride	42	$352
Methylprednisolone	41	$335
Doxycycline Hyclate	11	$173
Mupirocin	30	$168
Meclizine Hcl	18	$161
Prednisone	15	$28

Paid to pharmacies, not to this prescriber.

Other otolaryngology in Nutley

Nishant ReddyEast Windsor$133K
Justin McCormickNew Brunswick$109K
Andrew BlitzerHackensack$40K
Rakesh PatelParamus$26K
Giant LinFlorham Park$25K
Jeffrey AroestyMount Arlington$23K
Samir ShahVoorhees$16K
Brian BensonHackensack$14K
Bryan HoEnglewood$13K
Ahmad MahmoudClifton$9K

See the full list for New Jersey →

Where these figures come from

Payments: CMS Open Payments, program years 2019–2025 (publication P06302026_06032026).
Billing: Medicare Physician & Other Practitioners, data year 2024. Original Medicare Part B only.
Identity: NPPES NPI Registry, July 2026.

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