Has Ray Shepherd, MD received payments from drug or device companies?

Yes. Drug and device makers reported $11,607 in general payments to Ray Shepherd, MD across 38 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 Ray Shepherd, 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 Ray Shepherd, 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.

Ray Shepherd, MD

Pulmonary Disease · Richmond, VANPI 1639263940

Payments from drug & device makers

What this record shows

This record is dominated by speaking fees: $8,800 of the $11,607 with a category attached, or 75.8%. Cook Incorporated accounts for 75.8% of it on its own, with 9 other manufacturers making up the rest. Reporting peaked in 2019 at $8,679 and has fallen 99.4% since, to $54 in 2025.

$11,607in general payments, 2019–2025

Across 38 payments — averaging $305.45 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

Cook Incorporated$9K
Cook Medical LLC$1K
Johnson & Johnson$972
Intuitive Surgical$270
Pulmonx Corporation$174
Steris Corporation$158
plus $209 from 4 others

$291,522in research payments, 2019–2025

Across 17 payments — averaging $17,148 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.

Galvanize Therapeutics, Inc$287K
Gyrus ACMI, Inc.$2K
Spiration, Inc.$2K

What the payments were for

Speaking & faculty fees$8,80076%
Travel & lodging$1,70115%
Food & beverage$1,10610%

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
Cook Incorporated	3	$8,800
Cook Medical LLC	16	$1,024
Johnson & Johnson	5	$972
Intuitive Surgical	3	$270
Pulmonx Corporation	6	$174
Steris Corporation	1	$158
Galvanize Therapeutics, Inc	1	$81
United Therapeutics Corporation	1	$54
Olympus America Inc.	1	$45
Pinnacle Biologics, Inc	1	$29

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.

Cook Medical Percutaneous Tracheostomy$4,400
Cook Medical Critical Care$3,600
Monarch Platform$945
Cook Medical Centesis & Drainage$800
Da Vinci Surgical System$233
TRUFREEZE$158
Blue Rhino$114

How this compares

$11,607 in reported general payments places this provider in the 80th percentile of 317 pulmonary disease providers in Virginia.

See all pulmonary disease providers in Virginia →

Medicare billing

Part B allowed, 2024

$57,650

Medicare patients

270

Services billed

534

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
Trelegy ElliptaFluticasone/Umeclidin/Vilanter	60	$49,193
Anoro ElliptaUmeclidinium Brm/Vilanterol Tr	70	$40,797
Spiriva HandihalerTiotropium Bromide	17	$12,762
Stiolto RespimatTiotropium Br/Olodaterol Hcl	19	$12,546
Fluticasone-SalmeterolFluticasone Propion/Salmeterol	48	$10,906
Breztri AerosphereBudesonide/Glycopyr/Formoterol	13	$7,669
Esomeprazole Magnesium	17	$2,234
Albuterol Sulfate HfaAlbuterol Sulfate	58	$1,829
Ipratropium Bromide	31	$1,182
Ventolin HfaAlbuterol Sulfate	17	$924
Fluticasone Propionate	20	$417
Omeprazole	13	$264
Azithromycin	22	$156
Prednisone	48	$131
Montelukast Sodium	27	$130

Paid to pharmacies, not to this prescriber.

Other pulmonary disease in Richmond

Sujoy GillRichmond$296K
Patricia SimeRichmond$113K
Shilpa JohriRichmond$37K
Apostolos PerelasRichmond$31K
John SentzRichmond$20K
Glenn GiesselRichmond$14K
Nauman ChaudaryRichmond$13K
Michael MistrettaRichmond$13K
Steven NathanFalls Church$1.5M
Omar MinaiHopewell$1.3M

See the full list for Virginia →

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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