Has Joseph Farnam, MD received payments from drug or device companies?

Yes. Drug and device makers reported $18,919 in general payments to Joseph Farnam, MD across 44 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 Joseph Farnam, 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 Joseph Farnam, 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.

Joseph Farnam, MD

Vascular & Interventional Radiology · Newport, RINPI 1518285584

Payments from drug & device makers

What this record shows

This record is dominated by speaking fees: $13,430 of the $18,919 with a category attached, or 71.0%. Medtronic accounts for 95.6% of it on its own, with 4 other manufacturers making up the rest. Reporting peaked in 2019 at $8,917 and has fallen 97.6% since, to $213 in 2025. Among vascular & interventional radiology clinicians in RI with any reported payments, this total sits in the top 5% — high for the specialty, which is a reason to read the composition above rather than the number alone.

$18,919in general payments, 2019–2025

Across 44 payments — averaging $429.98 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

Medtronic$18K
Relievant Medsystems, Inc.$328
Sirtex Medical Inc$204
Stryker$179
Boston Scientific$115

What the payments were for

Speaking & faculty fees$13,43071%
Travel & lodging$3,54619%
Food & beverage$1,94310%

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)	38	$18,093
Relievant Medsystems, Inc.	2	$328
Sirtex Medical Inc	1	$204
Stryker	1	$179
Boston Scientific	2	$115

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

$18,919 in reported general payments places this provider in the 95th percentile of 26 vascular & interventional radiology providers in Rhode Island.

See all vascular & interventional radiology providers in Rhode Island →

Medicare billing

Part B allowed, 2024

$200,336

Medicare patients

4,647

Services billed

7,023

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.

Other vascular & interventional radiology in Newport

Jason VachonNewport$419
Timothy MurphyEast Providence$17K
Dylan WolmanProvidence$16K
Veral AminEast Providence$14K
Agnieszka WitkowskaProvidence$4K
Ethan PrinceWarwick$4K
Robert BinekWarwick$4K
John LeeProvidence$3K
Mahesh JayaramanProvidence$2K
Sun Ho AhnWarwick$1K

See the full list for Rhode Island →

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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