Nishant Shah, MD
Anesthesiology · Chicago, ILNPI 1043412992
Payments from drug & device makers
What this record shows
This record is dominated by royalties or licence payments: $2,000,000 of the $2,139,276 with a category attached, or 93.5%. Smith+Nephew accounts for 96.8% of it on its own, with 11 other manufacturers making up the rest. Reporting peaked in 2020 at $2,038,942 and has fallen 99.2% since, to $15,783 in 2025. Among anesthesiology 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.
Across 141 payments — averaging $15,172 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.
- Smith+Nephew$2.1M
- Medline Industries LP$39K
- CSL Plasma Inc.$18K
- Medical Device Business Services, Inc.$6K
- Acelrx Pharmaceuticals, Inc.$3K
- Heron Therapeutics, Inc.$2K
- plus $2K from 6 others
What the payments were for
- Royalty or licence$2,000,00093%
- Consulting fees$71,1663%
- Speaking & faculty fees$59,8783%
- Travel & lodging$5,7360%
- Food & beverage$2,4960%
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 | 64 | $2,069,836 |
| Medline Industries LP | 23 | $39,207 |
| CSL Plasma Inc. | 34 | $17,670 |
| Medical Device Business Services, Inc. | 3 | $5,563 |
| Acelrx Pharmaceuticals, Inc. | 4 | $2,981 |
| Heron Therapeutics, Inc. | 4 | $1,869 |
| Butterfly Network, Inc. | 1 | $1,600 |
| Microport Orthopedics Inc | 3 | $400 |
| UCB, Inc. | 1 | $83 |
| Radius Health, Inc. | 2 | $40 |
| Edwards Lifesciences | 1 | $17 |
| Stimwave Technologies Incorporated | 1 | $9 |
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.
- ARIA$2,000,000
- POLARSTEM$14,542
- Anthology$14,220
- Dermatology and Wound Care$13,395
- Journey II BCS$12,595
- R3$11,989
- Oxinium Hips$10,369
- Navio Surgical System$8,955
- Journey II XR$8,442
- POLARCUP$7,962
- JOURNEY II UK$6,750
- Journey II CR$6,750
- Journey II$6,750
- REDAPT Revision Hip System$6,476
- EXPAREL$5,402
- GENESIS II$3,825
- Journey Uni$3,490
- Legion Revision$3,272
- DSUVIA$2,981
- HIP6 Software$2,494
How this compares
$2,139,276 in reported general payments places this provider in the 95th percentile of 1,980 anesthesiology providers in Illinois.
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 anesthesiology in Chicago
- Tolga SuvarChicago$303K
- Dragan GastevskiChicago$240K
- Rushad MarfatiaChicago$67K
- Kurosh TakhtehchianChicago$61K
- Magdalena AnitescuChicago$46K
- Joshua PanChicago$44K
- Sanup PathakChicago$42K
- Jason RossChicago$33K
- Paul HertzChicago$29K
- Charles HogueChicago$24K
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.