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.
So many of you have been asking me for advice on how to get physicians to join your company as principal investigators that I have decided to make this in-depth video/podcast to help you out. Let me know what you think about these strategies/advice.
In most cases, despite what the Internal Revenue Service might tell you (ask them if they know what an SAE is), Principal Investigators can be independent contractors and not employees. As always, I must remind that I am not an attorney, nor do I play one on YouTube, so make sure you double check everything with a qualified professional.
Not everyone may be interested in this, but I have received lots of emails from research clinic owners who have aspirations of building a CRO. In this video I suggest a few strategies for actually making this dream a reality. As always, there are other methods that I am sure will work, but these are a few strategies that have worked well for myself and some of my clients.
In this video, I answered a viewer’s question on whether he should feel bad about leaving the clinical research company that he worked for in order to start a new clinic. While I do not believe that there necessarily is a “right” answer to this question, I do have the unique perspective of a research clinic owner who has managed several employees during the past decade. I would love to hear your thoughts on this as well.
I have discussed numerous strategies for finding PI’s on this blog, but in this video I share another unique way to perhaps get a few PI’s to join your research clinic. Let me know what has worked well for you!