Michael Banffy, MD
Sports Medicine · Los Angeles, CANPI 1558497982
Payments from drug & device makers
What this record shows
The money is spread across several categories — consulting fees (55.7%), speaking fees and travel and lodging — rather than concentrated in one kind of arrangement. 17 manufacturers reported payments, led by Smith+Nephew at 56.6% of the total. 2025 is the largest year on record at $150,555, 3.0 times the $50,172 reported in 2019. Among sports medicine clinicians in CA 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.
Across 609 payments — averaging $948.62 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.
- Smith+Nephew$327K
- Stryker$138K
- Vericel Corporation$92K
- Arthrex$10K
- Micromed Inc$5K
- Saxum Surgical, Inc.$4K
- plus $2K from 11 others
What the payments were for
- Royalty or licence$13,6872%
- Consulting fees$321,53156%
- Speaking & faculty fees$145,85925%
- Travel & lodging$62,01111%
- Food & beverage$25,0234%
- Education$9,6002%
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 |
|---|---|---|
| Smith+Nephew | 351 | $326,865 |
| Stryker | 128 | $138,258 |
| Vericel Corporation | 71 | $91,585 |
| Arthrex | 18 | $10,062 |
| Micromed Inc | 6 | $5,192 |
| Saxum Surgical, Inc. | 13 | $4,154 |
| Linvatec Corporation | 7 | $555 |
| Johnson & Johnson | 6 | $471 |
| Ossur Americas, Inc. | 1 | $142 |
| Conmed Corporation | 1 | $126 |
| DJO, LLC | 1 | $122 |
| Innovation Technologies Inc | 1 | $63 |
| Aesculap Biologics, LLC | 1 | $37 |
| Bioventus LLC | 1 | $24 |
| Pacira Therapeutics, Inc. | 1 | $23 |
| Pacira Pharmaceuticals Incorporated | 1 | $17 |
| Dynasplint Systems Inc. | 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.
- Healicoil$100,323
- MACI$85,157
- Q-FIX$63,218
- SPATIAL FRAME$42,633
- Bone Anchors with Arthroscopic Delivery System$34,064
- CAP-FIX$34,002
- FAST-FIX$28,915
- NOVOSTITCH$27,751
- HIPMAP$26,680
- NA$26,166
- FOOTPRINT$21,531
- ICONIX$19,895
- MICRORAPTOR Knotless Shoulder$19,491
- MICRORAPTOR$17,349
- Regeneten$14,267
- REGENETEN Shoulder$11,941
- MICRORAPTOR REGENESORB$11,500
- HEALICOIL REGENESORB$11,500
- INSPACE$10,410
- HIP ARTHROSCOPY ACCESS & INSTRUMENTATION SET$9,633
How this compares
$577,711 in reported general payments places this provider in the 95th percentile of 662 sports medicine providers in California.
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.
Other sports medicine in Los Angeles
- Neal ElattracheLos Angeles$51M
- Carleton VangsnessLos Angeles$872K
- Seth GamradtLos Angeles$567K
- Reza OmidLos Angeles$400K
- Orr LimpisvastiLos Angeles$335K
- George HatchLos Angeles$255K
- David McAllisterLos Angeles$186K
- Alexander WeberLos Angeles$82K
- James TiboneLos Angeles$74K
- Carlos UquillasLos Angeles$68K
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.