Has Robert Banco, MD received payments from drug or device companies?

Yes. Drug and device makers reported $660,649 in general payments to Robert Banco, MD across 89 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 Robert Banco, 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 Robert Banco, 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.

Robert Banco, MD

Orthopaedic Surgery of the Spine · Wellesley Hills, MANPI 1265434948

Payments from drug & device makers

What this record shows

This record is dominated by royalties or licence payments: $606,779 of the $660,649 with a category attached, or 91.8%. Globus Medical accounts for 69.0% of it on its own, with 2 other manufacturers making up the rest. Reporting peaked in 2019 at $141,528 and has fallen 52.5% since, to $67,193 in 2025. Among orthopaedic surgery of the spine clinicians in MA 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.

$660,649in general payments, 2019–2025

Across 89 payments — averaging $7423.02 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

Globus Medical$456K
Spineart SA$151K
Spineart USA Inc$54K

What the payments were for

Royalty or licence$606,77992%
Consulting fees$30,1505%
Travel & lodging$19,3523%
Food & beverage$4,3691%

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
Globus Medical	36	$455,819
Spineart SA	18	$150,960
Spineart USA Inc	35	$53,871

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.

INDEPENDENCE MIS$272,896
INDEPENDENCE$102,260
COALITION$80,663
Scarlet AC$57,797
ROMEO 2 - CROSSLINK$31,944
SCARLET AC-T - CERVICAL CAGE LORDOTIC$29,359
Tryptik 2 C Plate$21,120
PERLA C$17,683
TRYPTIK2 C-PLATE - CERVICAL PLATE$15,848
Tryptik C Plate$12,892
Perla TL$12,457
PERLA TL - CORTICAL SCREW$12,402
Juliet LL$1,638
Scarlet AL-T$750

How this compares

$660,649 in reported general payments places this provider in the 90th percentile of 28 orthopaedic surgery of the spine providers in Massachusetts.

See all orthopaedic surgery of the spine providers in Massachusetts →

Medicare billing

Part B allowed, 2024

$109,342

Medicare patients

Services billed

278

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
Gabapentin	31	$289
Oxycodone Hcl	45	$216
Hydrocodone-AcetaminophenHydrocodone/Acetaminophen	24	$196
Methylprednisolone	12	$50
Tizanidine Hcl	23	$45
Prednisone	22	$36
Baclofen	12	$31
Tramadol Hcl	15	$22

Paid to pharmacies, not to this prescriber.

Other orthopaedic surgery of the spine in Wellesley Hills

Paul GlazerChestnut Hill$2.1M
Raymond HwangChestnut Hill$1.1M
Mitchell HardenbrookHopedale$542K
Steven LeckiePlymouth$316K
Jeremy ShorePeabody$232K
Richard OzunaPeabody$198K
Nikhil ThakurNorth Andover$118K
Chadi TannouryBoston$81K
Bryce BasquesRaynham$72K
Jason PittmanBoston$70K

See the full list for Massachusetts →

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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