Where is my payment for the
visit fees last month?
The Site Manager is really at the end of
the clinical trial food chain but with one
of the most important jobs – collecting the
data for the trial. Many CROs have their own
sites to perform work but many outsource
this work based on the study protocol.
As the CRO, its important to keep a good
working relationship with your sites. Up to
75% of the costs of a study are tied to
investigator payments. In most cases, CROs
pay investigator fees and then invoice the
Sponsor – essentially financing the
Sponsor’s study. In addition, there is a
tremendous strain on resources that have to
manually reconcile investigator payments and
sponsor invoices using Excel files, printed
invoices, and check stubs. This causes
payments and fees to be processed slowly and
in some cases even lost.
AccuNet has helped our CRO customers who
were not efficiently managing their re-bills
and pass-through costs by streamlining and
automating the billing management system,
which in turn improved their working
capital, cash flow, and forecasting. They
can see the study participants, their start
date, their site location, which visits have
been completed and which visits are coming
up, and whether or not the investigator was
paid and if the sponsor has been re-billed.
Release payments to your investigators
more quickly and re-bill to the Sponsor or
reconcile to the grant monies more
efficiently.
Read more about the solution here
