Has Franco Alvarez, MD received payments from drug or device companies?

Yes. Drug and device makers reported $150,391 in general payments to Franco Alvarez, MD across 5 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 Franco Alvarez, 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 Franco Alvarez, 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.

Franco Alvarez, MD

Psychiatry · West Palm Beach, FLNPI 1629193974

Payments from drug & device makers

$150,391in general payments, 2019–2025

Across 5 payments — averaging $30,078 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

E.r. Squibb & Sons, L.L.C.$147K
Pfizer$3K
Axsome Therapeutics, Inc.$247
ITI, Inc. (d/b/a Intra-cellular Therapies, Inc.)$109

What the payments were for

Food & beverage$356100%

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
E.r. Squibb & Sons, L.L.C.	1	$147,461
Pfizer	1	$2,574
Axsome Therapeutics, Inc.	2	$247
ITI, Inc. (d/b/a Intra-cellular Therapies, Inc.)	1	$109

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.

Auvelity$247
CAPLYTA$109

How this compares

$150,391 in reported general payments places this provider in the 90th percentile of 2,059 psychiatry providers in Florida.

See all psychiatry providers in Florida →

Medicare billing

Part B allowed, 2024

$6,155

Medicare patients

Services billed

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
VraylarCariprazine Hcl	41	$71,223
TrintellixVortioxetine Hydrobromide	45	$34,343
RexultiBrexpiprazole	12	$17,535
Buspirone Hcl	331	$4,993
Quetiapine Fumarate	193	$4,939
Atomoxetine Hcl	33	$4,621
Duloxetine Hcl	151	$4,153
Aripiprazole	129	$3,331
Bupropion XlBupropion Hcl	151	$3,331
Hydroxyzine Pamoate	193	$3,130
Trazodone Hcl	303	$2,354
Oxcarbazepine	45	$2,139
Divalproex Sodium	58	$1,668
Venlafaxine Hcl ErVenlafaxine Hcl	89	$1,571
Bupropion Hcl SrBupropion Hcl	88	$1,502

Paid to pharmacies, not to this prescriber.

Other psychiatry in West Palm Beach

Edwin GomezWeston$24.9M
Rishi KakarTamarac$23.9M
Peter VentreOakland Park$18.7M
Jose GamezHialeah$14.8M
John JoyceJacksonville$13.6M
Silvia Silva-DulucMiami$11.7M
Kelley WilsonTampa$11.1M
Emilio Mantero-AtienzaMiami Beach$10.9M
Patricia JunqueraMiami$10.8M
Olga LapeyraLauderhill$10M

See the full list for Florida →

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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