How scalable is your clinical trial payments system

How Scalable Is Your Clinical Trial Payments System


Today in this blog topic we shall discuss about ClinPay a payment solution initiated by Bioclinica and is being very helpful to the Clinical Research Organisations worldwide.

http://crbtech.in/Clinical-Research/scalable-clinical-trial-payments-system/





Bioclinica came up with this alternate payment option to help CROs that have outgrown their site payment systems. Whether they’re using manual home-grown system or spreadsheets with the increase in number of clinical trials they’re conducting, the CROs often find it difficult and a realisation that the current systems are not sufficient.Bioclinica came up with this alternate payment option to help CROs that have outgrown their site payment systems.




Whether they’re using manual home-grown system or spreadsheets with the increase in number of clinical trials they’re conducting, the CROs often find it difficult and a realisation that the current systems are not sufficient.

It is very important to maintain accurate and timely payments and as a result, it’s important to choose a payments solution that is scalable, in other words it should be an automatic one as opposed to the manual.

ClinPay is a part of the suite of Bioclinica products designed to automate the entire financial lifecycle of global clinical trials, which includes contract management, contract term translation, payments, accounting and reporting functionality.




Let’s share an example for a big CRO who has found success after switching from the manual system to an automated. A top CRO grew significantly within a span of short period of time, making the investigator payments process a significant and admin-intensive challenge. To mention the 100 team members were given the task to hand just grant payments. The CRO does 350 to 400 global trials at a given time, and hence was becoming difficult to make payments to sites in time and in accurate ways. As a result, the CRO was flown with complaint mails and messages from sites about payments, which lead to bad relationships with the sites as well as sponsors. The CRO realised that their manual payments model wasn’t automatic, and they needed to do the technology way and find a technical solution to keep pace with their growth.






Now the story is that by using ClinPay, the CRO has well organised their process, gained remarkable efficiencies and allowed many of their team members to focus on more vital tasks.

We conclude.

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Related Posts:

1) Why Clinical Trials Are Very Much Useful Through Mobiles?

2) Clinical Trials and Its 4 Stages for New Medications


http://crbtech.in/Clinical-Research/clinical-trials-much-useful-mobiles/

http://crbtech.in/Clinical-Research/clinical-trials-and-its-4-stages-for-new-medications/


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How scalable is your clinical trial payments system