[Q&A] Financing Clinical Trials – Part 2
Scott Palmese VP if Site Networks BTC Network
Read Scott’s first article here.
At what time do you walk away from a trial due to a low budget?
How do you keep up with invoices required to be submitted within 30 days of the event? This seems too short of a timeline and could lead to missed money.
How do you charge for time between subject visits (follow-up with sponsor, recruitment, etc)?
Is it better to negotiate in writing or verbally?
How do you reconcile a quarterly payment schedule with a procedural payment model for a PI? How can you keep asking the PI to work if they are not being paid for 120 days?
About BTC Network
BTC Network is North America’s leading clinical research group. Based just outside of Boston, Massachusetts, our network includes more than 50 multi-therapeutic sites. All BTC research sites collaborate with or are part of private practices, giving us access to over 100,000 patients.
Post by Scott Palmese -
Scott Palmese is Vice President of Site Network at BTC Network and has been in the research industry for close to 10 years. As a member of the leadership team at BTC Network, Scott oversees the daily operations of the company and provides guidance for the development of new processes and initiatives. Scott specializes in site operations, including business development, financial management, and patient recruitment and engagement.