Has Wade Schmidt, MD received payments from drug or device companies?

Yes. Drug and device makers reported $8,577 in general payments to Wade Schmidt, MD across 199 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 Wade Schmidt, 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 Wade Schmidt, 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.

Wade Schmidt, MD

Interventional Cardiology · St Cloud, MNNPI 1629031190

Payments from drug & device makers

What this record shows

This record is dominated by food and beverage: $6,282 of the $8,577 with a category attached, or 73.2%. 19 manufacturers reported payments, led by Boston Scientific at 37.6% of the total.

$8,577in general payments, 2019–2025

Across 199 payments — averaging $43.10 each. Meals, travel, consulting and speaking fees, gifts and royalties reported by drug and device makers.

Boston Scientific$3K
Medtronic$2K
Edwards Lifesciences$619
Abiomed$595
Inari Medical, Inc.$575
Angiodynamics, Inc.$528
plus $1K from 13 others

What the payments were for

Consulting fees$2,25026%
Food & beverage$6,28273%
Gifts$451%

Most of this is food and beverage — typically meals provided during product presentations at a clinic or hospital. Nationally that is the single largest category of reported payments by count.

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
Boston Scientific	33	$3,222
Medtronic(2 entities)	78	$2,021
Edwards Lifesciences	15	$619
Abiomed	21	$595
Inari Medical, Inc.	11	$575
Angiodynamics, Inc.	8	$528
Abbott	9	$317
Cardiovascular Systems Inc.	9	$217
Inquis Medical, Inc.	3	$170
Reflow Medical Inc	1	$81
W. L. Gore & Associates, Inc.	1	$47
Siemens Medical Solutions USA, Inc.	1	$33
Terumo Medical Corporation	2	$32
Biotronik Inc.	1	$28
Shockwave Medical, Inc	2	$27
Heartflow, Inc.	1	$18
Asahi Intecc USA, Inc.	1	$16
Teleflex LLC	1	$15
Livanova USA, Inc.	1	$15

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.

How this compares

$8,577 in reported general payments places this provider in the 55th percentile of 84 interventional cardiology providers in Minnesota.

See all interventional cardiology providers in Minnesota →

Medicare billing

Part B allowed, 2024

$157,449

Medicare patients

719

Services billed

1,410

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
EliquisApixaban	23	$18,155
ClopidogrelClopidogrel Bisulfate	67	$1,094
Cilostazol	17	$759
Atorvastatin Calcium	61	$618
Metoprolol Succinate	45	$531
Losartan Potassium	30	$447
Isosorbide Mononitrate ErIsosorbide Mononitrate	19	$358
Carvedilol	40	$356
Rosuvastatin Calcium	19	$312
Metoprolol Tartrate	38	$245
Lisinopril	37	$242
Furosemide	44	$232
Spironolactone	17	$224
Amlodipine Besylate	22	$183
Fludrocortisone Acetate	13	$172

Paid to pharmacies, not to this prescriber.

Other interventional cardiology in St Cloud

Brian StegmanSt Cloud$587K
Jacob DutcherSt Cloud$123K
Thom DahleSaint Cloud$1.1M
Stephen KiddSaint Cloud$607K
Emmanouil BrilakisMinneapolis$548K
Wesley PedersenMinneapolis$493K
Michael ManolesMinneapolis$201K
Jay TraverseMinneapolis$198K
Robert WilsonMinneapolis$176K
Yale WangMinneapolis$168K

See the full list for Minnesota →

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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