Accurately managing and forecasting investigator payments is essential to successful clinical trials, and with ClinPay we’re able to achieve this, while greatly reducing administrative effort and probability of error.
Doylestown, Pa. (PRWEB) November 08, 2016
Bioclinica®, a provider of specialized technology-enabled services supporting clinical research, today announced that Premier Research has standardized on two Bioclinica Financial Lifecycle Solutions technologies in its eHealth platform for investigator payment management. Last year, the leading contract research organization (CRO) adopted Bioclinica ClinPay® enterprise-wide as its site payment automation solution, and has since begun using ClinPlan® for budget management and cash forecasting.
Bioclinica and Premier Research co-presented a case study detailing the impressive results in a recent Xtalks webinar. In it, Jay Trepanier, Senior Vice President and General Manager, Bioclinica Financial Lifecycle Solutions, and Jim Sacchetta, Manager, Technical Operations, Premier Research shared their extensive experience in financial management and forecasting in clinical trials. A recording of the live event can be accessed here: Clinical Trial Forecasting: Managing the Challenges and Avoiding the Fines.
“Having ClinPay named as Premier Research’s de facto site payment automation solution and ClinPlan as its budget management and forecasting tool comes as a strong endorsement, and is consistent with growing adoption of Bioclinica Financial Lifecycle Solutions across the industry,” said Trepanier.
“Accurately managing and forecasting investigator payments is essential to successful clinical trials, and with ClinPay we’re able to achieve this, while greatly reducing administrative effort and probability of error,” said Charlie Nicholson, Chief Financial Officer, Premier Research. The CRO operates in 84 countries, making ClinPay’s ability to pay in local currencies an asset. “As investigator fees represent, on average, 40 percent of a study’s total budget, we needed to have control over the process. ClinPay made an immediate and profound impact, significantly reducing workload and operational costs, while boosting sponsor and site satisfaction by speeding accurate payments to sites.”
ClinPay is part of an innovative and open-integration platform unrivaled in its ability to automate the entire financial lifecycle of global clinical trials. The platform’s extensive core functionality encompasses contract term management, budget planning, expense forecasting, cash flow management, site and vendor payments, and subject reimbursement. One of ClinPay’s key features is ease of integration with Bioclinica Express and all other major Electronic Data Capture (EDC) systems on the market.
To request a product demonstration of ClinPay, ClinPlan and other Financial Lifecycle Solutions in the Bioclinica eHealth platform, contact Bioclinica Financial Lifecycle Solutions.
About Premier Research
Premier Research is a leading clinical development service provider that helps highly innovative biotech and specialty pharma companies transform breakthrough ideas to reality. The company has a wealth of experience in the execution of global, regional and local clinical development programs with a special focus on addressing unmet needs in areas such as analgesia, dermatology, medical devices, neuroscience, oncology, pediatrics, and rare disease. Premier Research operates in 84 countries and employs 1,000 professionals, including a strong international network of clinical monitors and project managers, regulatory, data management, statistical, scientific, and medical experts. They are focused on smart study design for advanced medicines that allow life-changing treatments.
Bioclinica is a specialty services provider that utilizes expertise and technology to create clarity in the clinical trial process. Bioclinica is organized by three business segments to deliver focused service supporting multifaceted technologies. The Medical Imaging and Biomarkers segment provides medical imaging and cardiac safety services and includes a molecular marker laboratory. The eHealth Solutions segment comprises the eClinical Solutions platform; Financial Lifecycle Solutions; Safety and Regulatory Solutions; Strategic Consulting Services; App xChange Alliances; and eHealth Cloud Services. Under the Global Clinical Research segment, Bioclinica offers a network of research sites, patient recruitment-retention services, and a post-approval research division. The Company serves more than 400 pharmaceutical, biotechnology and device organizations – including all of the top 20 – through a network of offices in the U.S., Europe and Asia. Learn more at http://www.bioclinica.com.