Ray Jensen, DO
Orthopaedic Surgery · Spearfish, SDNPI 1962716761
Payments from drug & device makers
What this record shows
This record is dominated by consulting fees: $34,500 of the $57,432 with a category attached, or 60.1%. Shoulder Innovations, Inc. accounts for 92.1% of it on its own, with 15 other manufacturers making up the rest. 2025 is the largest year on record at $28,814, more than ten times the $318 reported in 2019. Among orthopaedic surgery clinicians in SD with any reported payments, this total sits in the top 10% — high for the specialty, which is a reason to read the composition above rather than the number alone.
Across 107 payments — averaging $536.75 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.
- Shoulder Innovations, Inc.$53K
- Vericel Corporation$1K
- Arthrex$1K
- Stryker$1K
- Zimmer Biomet$279
- Pacira Pharmaceuticals Incorporated$195
- plus $374 from 10 others
What the payments were for
- Consulting fees$34,50060%
- Travel & lodging$17,19030%
- Food & beverage$4,4678%
- Education$1,2002%
- Gifts$740%
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 |
|---|---|---|
| Shoulder Innovations, Inc. | 51 | $52,915 |
| Vericel Corporation | 9 | $1,351 |
| Arthrex | 7 | $1,300 |
| Stryker | 14 | $1,019 |
| Zimmer Biomet | 6 | $279 |
| Pacira Pharmaceuticals Incorporated | 9 | $195 |
| Smith+Nephew | 1 | $68 |
| Amgen | 2 | $68 |
| Medtronic | 1 | $64 |
| Heron Therapeutics, Inc. | 1 | $52 |
| Sawtooth Surgical Solutions Inc | 1 | $35 |
| Innovation Technologies Inc | 1 | $23 |
| Orthofix Medical, Inc. | 1 | $18 |
| Vertex | 1 | $17 |
| Johnson & Johnson | 1 | $16 |
| Pacira Therapeutics, Inc. | 1 | $12 |
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.
- InSet System$52,456
- MACI$1,154
- MAKO$307
- Sports Medicine Product Portfolio$169
- ALPHAVENT$169
- KNOTILUS ANCHOR, 3.5MM$142
- CHAMPION SLINGSHOT$126
How this compares
$57,432 in reported general payments places this provider in the 90th percentile of 92 orthopaedic surgery providers in South Dakota.
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 |
|---|---|---|
| Amoxicillin | 67 | $66 |
| Clindamycin Hcl | 15 | $11 |
Paid to pharmacies, not to this prescriber.
Other orthopaedic surgery in Spearfish
- Kipp GouldSpearfish$3K
- Stuart FrommRapid City$13.3M
- Keith BaumgartenSioux Falls$286K
- Nathan SkelleySioux Falls$191K
- John FarynaSioux Falls$160K
- Clark DucheneRapid City$107K
- Geoffrey HaftSioux Falls$84K
- Anthony FiegenSioux Falls$45K
- Alan YanSioux Falls$40K
- Nathan JacobsonRapid City$38K
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.