Article | February 14, 2023

Leveraging Data For Efficient And Intelligent Budget Creation And Negotiation

Source: Greenphire

By Katie Rothstein, Associate Director, Data Delivery

GettyImages-1369953931 data budget

During the study start-up process of a clinical trial, one point of contention is investigator budget planning and negotiation. Often stemmed from a lack of valuable data, siloed decision making with little collaboration, and/or disjointed systems and processes, the challenges can often lead to delayed timelines.

However, when used in a meaningful way, data can help to reduce timelines, align expectations, and give key stakeholders confidence in decisions made to support the trial. In looking at a study’s budget during trial planning, those involved will often consider investigator grants—the total spend on out-of-pocket expenses for study conduct onsite. Because the grants can be a significant driver of overall trial cost, it is critical to start with the right assumptions to allow for a more seamless start-up process.

Learn how a data-driven, detailed approach at the front-end can help steer a new trial towards long-term success.


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