Frederick Welt, MD
Interventional Cardiology · Salt Lake City, UTNPI 1841286531
Payments from drug & device makers
What this record shows
The money is spread across several categories — consulting fees (45.5%), travel and lodging and food and beverage — rather than concentrated in one kind of arrangement. Medtronic accounts for 77.8% of it on its own, with 6 other manufacturers making up the rest. Reporting peaked in 2019 at $8,548 and has fallen 59.8% since, to $3,438 in 2025.
Across 98 payments — averaging $269.01 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.
- Medtronic$21K
- Edwards Lifesciences$4K
- Abbott$1K
- Shockwave Medical, Inc$634
- Penumbra, Inc.$127
- Heartflow, Inc.$65
- plus $16 from 1 others
Across 47 payments — averaging $2893.08 each. Payments tied to a research study. These frequently flow through the physician to a hospital or research institution rather than to the physician personally.
- Medtronic$106K
- Edwards Lifesciences$30K
What the payments were for
- Consulting fees$12,00046%
- Speaking & faculty fees$1,3505%
- Travel & lodging$8,48332%
- Food & beverage$4,53017%
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 |
|---|---|---|
| Medtronic(2 entities) | 63 | $20,512 |
| Edwards Lifesciences | 17 | $3,644 |
| Abbott | 12 | $1,364 |
| Shockwave Medical, Inc | 3 | $634 |
| Penumbra, Inc. | 1 | $127 |
| Heartflow, Inc. | 1 | $65 |
| ZOLL Services LLC (a/k/a ZOLL Lifecor Corp) | 1 | $16 |
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.
- Resolute$14,681
- Endurant$1,577
- EVOQUE$1,253
- COREVALVE EVOLUT R$1,112
- TRICLIP$862
- Shockwave IVL System with the Shockwave C2 Coronary IVL Catheter$413
- PASCAL$373
- SHOCKWAVE INTRAVASCULAR LITHOTRIPSY (IVL) SYSTEM WITH THE SHOCKWAVE C2+ CORONARY$221
- CoreValve Evolut$143
- CARDIOMEMS$137
- Edwards SAPIEN 3 Transcatheter Heart Valve$131
- Indigo System$127
- MitraClip$116
How this compares
$26,363 in reported general payments places this provider in the 85th percentile of 45 interventional cardiology providers in Utah.
Medicare billing
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 |
|---|---|---|
| EliquisApixaban | 14 | $15,877 |
| Repatha SureclickEvolocumab | 17 | $9,542 |
| Metoprolol Succinate | 64 | $479 |
| Atorvastatin Calcium | 39 | $353 |
| Rosuvastatin Calcium | 17 | $155 |
| Losartan Potassium | 14 | $131 |
| Isosorbide Mononitrate ErIsosorbide Mononitrate | 11 | $127 |
| Amlodipine Besylate | 11 | $71 |
| Furosemide | 12 | $66 |
| Spironolactone | 13 | $61 |
| Lisinopril | 11 | $39 |
Paid to pharmacies, not to this prescriber.
Other interventional cardiology in Salt Lake City
- Vamsee YagantiSalt Lake City$390K
- Anwar TandarSalt Lake City$131K
- Stavros DrakosSalt Lake City$79K
- Scott HackingSalt Lake City$22K
- Eric LindleySalt Lake City$18K
- Lee LinstrothSalt Lake City$14K
- Theophilus OwanSalt Lake City$9K
- Diana MeloSalt Lake City$4K
- Tara JonesSalt Lake City$4K
- Scott BrewsterSalt Lake City$4K
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.