Please note that there are more than 3 ways to pay a PI, but in this video I discuss several options that may work for your clinical research company.
There are actually two contingencies specifically, and a third thing to add to the contract. All are listed below. You get a prize for accomplishing any of these 3 things, just email me proof dan@theclinicaltrialsguru dot com. A special prize for anyone who manages to get all 3 done!
1. Remove the following contingency: “CRO will pay site monthly upon payment by the sponsor”. Instead add: “CRO will pay site monthly”.
2. Remove any language that says “in the event the CRO does not make payment the institution cannot seek funds from the sponsor”. You want to get your Site payments regardless of any situation or circumstance.
3. Finally, add “$500.00 Monitor change fee” added to every contract. It never ceases to amaze me how many different CRA changes a protocol can have that ultimately ends up delaying Site payments.
Accomplish any one of these three things, get a prize. Accomplish all three and get a statue built in your image in The Clinical Trials Guru studio! (or something comparable).
So many people have been emailing me questions in regards to what it costs to open up a new research clinic. For the first 6 months of opening up, you have to expect that you will only have expenses and no income. The key to this entire strategy is to survive this initial 6 months while enrolling study participants on a consistent basis and keeping sponsors and cro’s happy by entering your data in a timely manner and keeping your queries down to a minimum. Through my own firm, I help Sites launch successfully by obtaining a sufficient amount of studies, training staff, creating SOP’s, and providing recruitment assistance. I hope this video provides some help for you and feel free to reach out to me anytime!
Don’t ask me why or how, but every now and then I get a clinical trial budget that I have never seen before, nor am I able to compare it to anything else that is remotely similar. My strategy for these situations (and these situations only) seems to usually get the job done. Let me know your thoughts and sorry about the glare, I don’t know what I was thinking
The question is self-explanatory, but a good one nonetheless. Do sub investigators get paid by clinical research facilities, what do they do, and how do most research clinics typically structure sub investigator payments?
In this week’s full length podcast, I dive into the viewer question box and pull out some interesting topics. The first is how CRO’s and Sponsors ensure that PI’s are truly reading the Serious Adverse Event Reports that they send to all research sites, or whether they are just signing and filing. The next question is how to tell the difference between a CRO and an SMO in clinical research. Another topic is PI availability versus the Sponsor’s ever increasing demands for more PI oversight and what we can expect in 2014 and 2015 in this industry. There are other topics I cover here as well and I hope you find some value out of it.