Mining Pharmaceutical Product Data Related to Payment Pattern from the CMS Open Payments Data: A Case Study in...

Area of Science:

• Economics
• Industry Analysis
• Financial Markets

Background:

• Understanding payment dynamics in industries is crucial for economic analysis.
• Identifying key players and their financial behaviors provides market insights.

Purpose of the Study:

• To analyze payment characteristics of highest paying industries.
• To investigate the regularity and patterns of these significant financial flows.

Main Methods:

• Descriptive statistical analyses were employed.
• Data from 2014-2016 were examined to identify payment trends.

Main Results:

• A small fraction (4.70%) of highest paying industries accounted for 85% of total payments (US $72,458,304).
• Large payments were strongly correlated with a limited number of specific products.
• Observed payment patterns included both concentration and diversification.

Conclusions:

• A concentrated minority of industries significantly influences overall payment volumes.
• Product specificity is a key driver for substantial payments from top industries.
• Industry payment behaviors exhibit complex patterns of concentration and diversification.