Trends In Sponsor-Of-Choice Initiatives: Consolidating Site Payments In A Multiple CRO Model

When a contract research organization (CRO) is chosen for a clinical trial, a common part of its scope of work is making payments to the site. Although this practice might simplify managing individual studies, it poses significant difficulties for both sites and sponsors when managing a portfolio of international studies.

In this webinar, leaders from Bristol Myers Squibb, CenExel Centers of Excellence, and IQVIA Technologies discuss the importance of providing a consistent clinical trial payment experience to sites and assess the contradictions and confusion created by widely varying payment methodologies across a sponsor’s trials. In addition, speakers will also go over several case studies of sponsors that changed the paradigm and achieved significant benefits from consolidating all site payments into a single provider:

• Increased efficiencies
• Robust oversight and reporting
• Consistency in contracting, budgeting, payment terms, onboarding, and support
• Better cashflow and tax positions
• Increased site satisfaction