Please Wait...

ROI Initiative: A Technology Solution for Investigator Payments

Managing investigator payments faces specific, well-known challenges. Current systems are fragmented and manual, and in most cases are not transactional or financial-based.

The result of continuing with current processes is the inability to manage the complexity of the contract and budget terms that are negotiated and paid throughout the course of a clinical trial. Current document management systems (e.g., CTMS and other homegrown systems) are based on non-financial system information that doesn’t manage or account for the accuracy of payments made.

Additionally, routine data monitoring activity does not always include time or cost for re-monitoring efforts related to past payment activity (e.g., monitors do not evaluate past payments that would be impacted by changed data). This effort would require an additional burden to operational personnel to perform this type of activity, resulting in higher costs for the clients. Not to mention that the monitoring and re-monitoring efforts would delay the timeliness of completing the site monitoring process. This further illustrates that payment automation is a critical piece in the overall drug development space, as it impacts all areas of the clinical trial execution process.

An automated system for payments can increase efficiency, accuracy, productivity and scalability for your clinical trials. Completing an ROI evaluation can help your team determine the benefits of switching to an automated payments solution. We've put together a guide to help you go through an ROI evaluation, including ways to measure benefits as well as how to do a cost analysis.

If you're interested in learning more about how an automated investigator payments system can help your company, feel free to send us a message; we'd be happy to provide you with more information or set up a demo of our products.

LEARN MORE OR SPEAK WITH OUR EXPERTS

CONTACT US
Leader in Clinical Trial
Management Solutions

Successful clinical trials require the ability to see key details and uncover hidden insights. Bioclinica utilizes science and technology to bring clarity to clinical trials, helping companies to develop new life-improving therapies more efficiently and safely.

Is Your Study Supply Chain Management Solution Increasing the Risk of Stock Out Situations? https://t.co/zGMRSwAunZ… https://t.co/4BiypLB06k
Bioclinica (16 hours ago)
Here are the five questions to ask your IRT vendor. https://t.co/JSc0RwKOyp #clinicaltrials #irt https://t.co/TbMgM8ull8
Bioclinica (Yesterday)
Over 25 years of experience, we offer world-renowned scientific expertise, regulatory leadership, and integrated te… https://t.co/owAFAqIHT7
Bioclinica (2 days ago)
Your trial needs Bioclinica experts who can see more deeply into essential imaging data. We offer expertise in… https://t.co/mNdCRkZYeI
Bioclinica (3 days ago)
Attending #AAIC19? Connect with Bioclinica #alzheimersdisease clinical trials experts or join us in a session.… https://t.co/PZtsd3IiRs
Bioclinica (5 days ago)
Monitoring change in liver disease is evolving, and our experts are leading the way. Clinical imaging can be used t… https://t.co/sQRAOhtSsI
Bioclinica (6 days ago)

Latest Blogs:

Medical Imaging of Non-Alcoholic Fatty Liver Diseases in Clinical Trials
EDC Provider Selection
Site Payments Solutions
Nonalcoholic steatohepatitis (NASH) development programs
Dr. Joby John
Transformational Trends in Investigator Site Payments
Clinical Supply Chain Success: Leveraging Technology
Blood pressure monitor
Prescription box