Clinical Trials Billing and Revenue Management for Sites
Take the complexity out of the research site clinical trials billing. Capture study revenue accurately without missing billable items.
Study Revenue Capture
automatically
Invoicing
for billable procedures, startup fees and advertising with ease
Revenue Management
and reconciliation
Financial Projections
looking ahead never been easier
★ ★ ★ ★ ★
The integration of study budgets and tracked visits feeds other reports such as visits and revenue projections, patient reimbursement, and advertising spending. The payment reconciliation tool is definitely a time saver tool for any accounting team involved in clinical trials.
Johanna Garib, MSA
/
Multi-specialty US-based site network
01
Capture Clinical Trial Revenue
Based on the study build, accurately capture revenue. Keep track of your contract amendments while accounting for all earned revenue for the clinical trial. This part is essential for all good clinical trial billing, whether the visit is paid at a flat rate, procedure or else.
02
Invoicing of Billable Procedures
In our two and a half decades of experience, we learned to bridge the gap between the clinical teams and capturing billable items with accuracy. Examples such as reconsent fees, or repeat labs are captured as part of the visit checklist and translated into the clinical trials billing module automatically to capture all revenue the site is entitled to.
03
Contracted Provider Cost Management
Have outside providers? Imaging, contracted PI’s or others? SiteCentric’s powerful clinical trial billing module makes it easy to keep track of their cost.
Settlement with contracted providers supporting your clinical trial has never been easier.
04
Revenue Reconciliation
How do you know that a sponsor or CRO is paying you what they should, when they should? SiteCentric’s clinical trials billing module’s revenue reconciliation keeps track of payments received, withholdings (if applicable), and any other outstanding balance related to study revenue.
Build a study once, use it everywhere in SiteCentric® CTMS.
05
Financial Projections
Looking ahead never been easier. Out of the box functionality allows you to project your visits out 6 months, however, SiteCentric has custom algorithm capabilities where, during implementation, your own projection algorithm is built in so that you own custom method is used for financial projections.
06
Accurate Screen Fail Billing
Getting paid for screen fails is fast becoming a headache for many. There are ratios, pre-ratio paid screen fails, and many other nuances.
As part of the clinical trial billing module, advanced algorithms account for almost every combination of screen fail payments to capture revenue appropriately.
Built by sites, for sites
SiteCentric® Clinical Trials Billing and Revenue Management Highlights
Billing for clinical trials can be a daunting task for any site. Accurate billing and revenue capture starts with capturing contacts and amendments in a great level of detail and using our automation to capture the revenue based on the completed visits and procedures. Ancillary revenues, study start-up costs, monitor visits and such are easily delt with and tracked as part of this clinical trials billing package.
Easy Study Setup
Setting up contracts and amendments has never been easier. Each procedure driving the coordinator’s checklist has a cost associated with it and tracked automatically when the visit is completed. You can set up new contract amendments, apply them backwards or schedule them to go into effect from a certain date. In all, let our clinical trials billing module decide on which contract amendment a visit falls under to ensure accurate revenue capture.
Revenue at a Glance
Drill down on earned revenue from a simple view of your completed visits. Easily adjust, if needed, to accurately capture, bill and reconcile site study revenue with ease.
This side-by-side revenue comparison makes it easy to spot irregularities in your captured revenue and allows for corrections to be applied with a click.
Top-Down Study Ledger
Bring your revenue, reimbursable advertising, start-up costs, and miscellaneous revenue, and payments received into a single pane of glass to see how you are getting paid and if any amounts are outstanding according to the contract. You can see this across multiple sites for the same study or one site at a time.
Put revenue capture and payment reconciliation into the rear-view mirror.
Powered by our all-in-one site CTMS platform, our workflow oriented clinical trial billing and revenue management system can easily help in capturing all revenue from your contracts. Let us show you how!
✓ Efficiency at its finest
✓ Decades of experience
Built by sites, for sites
SiteCentric® Clinical Trials Billing and Revenue Management for Sites Integrations
We made strides to reduce the burden of running protocols and the endless number of different portals needed to be accessed. SiteCentric® CTMS brings industry-leading services such as patient reimbursement, text messaging and phone number validation to enhance participant and staff satisfaction and increase efficiency while reducing potential protocol deviations.
Patient Reimbursement Management
The fully integrated patient reimbursement makes it easy to manage your card inventory, order new cards, transfer inventory and keep track of payments. It can also alert you when you need to add money to your account, order new cards or a site is running low on inventory.
1099-MISC end-of-year reporting is also a breeze! Not to mention a cost reduction of 30% over competing solutions that are not fully integrated in your workflows.
Import/Export to your Favorite Financial Management Platform
Create generally-accepted CSV files from your data to import into your financial management platform you use like Sage, NetSuite and others. Create end-of-month dataset to import with a few clicks to recognize your revenue or import invoices.
Greenphire Sponsor/CRO Invoicing
Many clinical trials have been using Greenphire solution to manage their billing. You can now simply download any invoice generated in SiteCentric’s Clinical Trials Billing and Revenue Management module tin the Greenphire format to make it easier to upload it and less likely to receive a rejection on it.
We have over 2 decades of site experience with clinical trial billing.
Let us share our expertise and help your site bill more efficiently and capture revenue accurately. We estimate that without a billing solution such as this, you are potentially losing out on up to 20% of your hard earned revene… Let’s talk.
✓ Built by sites, for sites
✓ Decades of site experience
