This webinar was recorded on Thursday, January 17, 2019.
There is not much room for error when it comes to negotiating clinical trial budgets. Through the experiences of the sites in our network, we have learned that there are a handful of common practices that lead to successful budget development.
Developing a clinical trial budget requires substantial time and effort. This webinar outlines the benefits of effectively negotiating your site’s budget, and shows you where you have room to improve your overall revenue stream.
There are many factors that need to be taken into consideration when crafting your budget. We discussed following points of emphasis, among others, in the hopes that they will assist you when negotiating on behalf of your site:
– How to make sense of protocol requirements prior to budget evaluation and develop your budget based on cost, time, and effort associated with procedures;
– What to include in your overhead policy and how to calculate it;
– How to leverage your research site’s strengths and experience; and
– Tips and tricks on how to generate revenue and minimize expenses.
About the Presenters:
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Adam joined the contracts and budgets team at BTC Network by way of Atlanta, GA. He was formerly a study coordinator for one of the leading hepatologists in the country. Given his experience at the site level, he understands his sites’ needs and is able to contribute to their growth within the clinical trial industry.
During his free time, Adam is enjoying getting acclimated to the New England lifestyle and is currently pursuing ice skating lessons.
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Joey joined the BTC Network team from the government and non-profit sector. He prides himself in being a Jack of all trades, and has a background in research as early as 12 years old, working for Mass General Hospital as a lab technician. From managing a million dollars’ worth of government projects to handling customer service for his mother’s restaurant, he is always willing and eager to use his skills and experiences to advocate and help his clients. If he can find spare time, he volunteers his time supporting efforts in aiding and empowering his local and state communities. That and racing in Autocross events.
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