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RxTrials Communiqué - A Blog About Clinical Research

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Paydays in a New Decade: Meaningful Change or More of the Same?

Posted by Christine Pierre on Wed, Feb 03, 2010
  
  
  
  
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Let's start this decade with a resolution and a solution: To improve the financial health of clinical research sites through our commitment to negotiate (demand?) monthly payments for services rendered.

It's a reasonable request in the business world, right? But it's not happening in the clinical research site business. Here's why and here's why it has to change. more...

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Comments

Amen to that. I do see two major sponsors really stepping up to the plate on this issue. Eli Lilly and GSK should be congratulated on their prompt payment for work done. Eli Lilly respects their research partners enough not to do withholds to compel compliance.
Posted @ Thursday, March 11, 2010 10:56 AM by Pat Eshleman
While it will take some time to see implemented broadly, our company just released a technology platform (the eClinicalGPS) that automates payments from sponsors to sites based on EDC and other clinical data.  
 
The result for sites is payment as soon as days following the completion of a payable activity. In reality, based on our current sponsors using the system, payment is being turned around in 2-4 weeks following completion of a visit or other payable milestone.
Posted @ Thursday, August 25, 2011 10:11 AM by Sam Whitaker
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