You Must Diversify In Clinical Research!

New sites may benefit from being experts in single indications. However, sites should consider becoming more flexible due to the unpredictability of the available studies.

If your PI doesn't agree with conducting research in new indications, it might be time to find a sub-i.

If your PI doesn’t agree with conducting research in new indications, it might be time to find a sub-i.

Make The Jump From Academic or the CRA World Into Owning A Clinical Research Site?

Academic research is different from private research. Anyone transitioning from academic to private research may be surprised to find out that payment strategies are very different.

Know the benefits and risks of making the jump from academic research to private research.

Know the benefits and risks of making the jump from academic research to private research.

 

Do You Pay Clinical Research Coordinators Overtime For Going To Investigator Meetings?

Having a coordinator present at an investigator meeting helps sponsors train key study personel. Therefore, site owners may want to consider a budget, that includes the cost of sending a coordinator to investigational meetings, during budget negotiations.

Coordinators traveling for work should be compensated for their time.

Coordinators traveling for work should be compensated for their time.

Bare Minimum Equipment Needed To Open A Clinical Research Site

Based on a conservative budget, the equipment necessary for a new research site may cost about $7,000. However, each site is different and may require more or less equipment.

Have a clear idea of what you want your research site to look like.

Have a clear idea of what you want your research site to look like.

How Can A Study Coordinator Become A Clinical Research Site Owner?

One way to establish a research site is to first establish an LLC or fictitious name.  One must also take a major step by finding a physician that will serve as a Principal Investigator (PI).

One way to build your research company is to convince a physician to add research into their clinic.

One way to build your research company is to find a physician willing to add research to their own clinic.

How To Structure A Clinical Research Company Fairly With Other Partners

Designing fair revenue contracts is essential to businesses with multiple partners. Topics such as Principal Investigator (PI) payments or buying out strategies should be taken into consideration.

Developing contracts between business partners can become complicated.

Developing contracts between business partners can become complicated.