Has Nikhil Verma, MD received payments from drug or device companies?

Yes. Drug and device makers reported $646,781 in general payments to Nikhil Verma, MD across 378 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 Nikhil Verma, 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 Nikhil Verma, 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.

Nikhil Verma, MD

Sports Medicine · Chicago, ILNPI 1659350353

Payments from drug & device makers

What this record shows

This record is dominated by royalties or licence payments: $395,974 of the $646,781 with a category attached, or 61.2%. 24 manufacturers reported payments, led by Arthrex at 41.9% of the total. 2025 is the largest year on record at $187,997, 5.8 times the $32,418 reported in 2019. Among sports medicine clinicians in IL 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.

$646,781in general payments, 2019–2025

Across 378 payments — averaging $1711.06 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

Arthrex$271K
Stryker$200K
Smith+Nephew$167K
Graymont Professional Products IP, LLC$5K
Relievant Medsystems, Inc.$694
Abbott$641
plus $2K from 18 others

$378,509in research payments, 2019–2025

Across 20 payments — averaging $18,925 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.

Orthofix Medical, Inc.$222K
Arthrex$123K
Smith+Nephew$27K
Stryker$7K

What the payments were for

Royalty or licence$395,97461%
Consulting fees$193,09130%
Speaking & faculty fees$40,4856%
Travel & lodging$8,9421%
Food & beverage$8,1961%
Education$940%

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
Arthrex	116	$270,913
Stryker	162	$200,255
Smith+Nephew	53	$167,236
Graymont Professional Products IP, LLC	1	$5,000
Relievant Medsystems, Inc.	2	$694
Abbott	8	$641
Spinal Simplicity, LLC	5	$574
BREG, Inc	4	$341
Nalu Medical, Inc.	3	$222
Ossur Americas, Inc.	1	$124
Foundation Fusion Solutions, LLC	2	$121
Nevro Corp.	2	$116
Pinnacle, Inc	2	$100
Medwest Associates	1	$95
Pacira Pharmaceuticals Incorporated	3	$92
Axonics, Inc.	1	$43
Orthofix Medical, Inc.	3	$43
Vericel Corporation	2	$38
Salix Pharmaceuticals, A Division Of Bausch Health US, LLC	2	$37
Vertos Medical, Inc.	1	$24
Johnson & Johnson	1	$24
IBSA Pharma Inc.	1	$18
Pacira Therapeutics, Inc.	1	$16
Corium, LLC	1	$14

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.

ARTHREX$523,713
Biceptor$86,376
ALPHAVENT$53,007
INSPACE$36,581
Acufex Director$34,171
Mini-Open Latarjet$27,811
AR-19021TT$26,430
ICONIX$21,839
AEQUALIS$19,250
Latarjet System$18,525
MAKO$11,113
REUNION$6,050
True Zero Knee$5,000
CROSSFLOW$4,950
NA$3,595
NEW PRODUCT DEVELOPMENT$1,650
Intracept$694
1788$596
PROCLAIM$528
BLUEPRINT PATIENT SPECIFIC INSTRUMENTATION$488

How this compares

$646,781 in reported general payments places this provider in the 95th percentile of 233 sports medicine providers in Illinois.

See all sports medicine providers in Illinois →

Medicare billing

Part B allowed, 2024

$189,356

Medicare patients

375

Services billed

9,506

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 Chicago

Gregory NicholsonChicago$6.7M
Grant GarriguesChicago$2.5M
Brian ColeChicago$2.1M
Brian ForsytheChicago$1.9M
Shane NhoChicago$521K
Vehniah TjongChicago$173K
Aravind AthivirahamChicago$138K
Adam YankeChicago$132K
Nicholas TrasoliniChicago$67K
Nicholas LemmeChicago$49K

See the full list for Illinois →

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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