Revenue Guard Services: Financial Management

The complex nature of clinical trial agreements and their payment terms can make the finances of your clinical trials a tricky area in your research administration. PFS Clinical’s seasoned team of financial experts can handle the tracking, reconciliation, and reporting on your clinical trials.

Our approach is customizable to fit your institution. Regardless of specific software or systems, PFS Clinical’s quality remains.


Benefits oF financial management 

Clinical-Research-Accrual-Information.JPG

Gain accessible, accurate, and timely accrual information

 

Enhanced-Research-Financial-Reporting.JPG

Ensure more effective business decisions with enhanced reporting

Research-Financial-Processes.JPG

Create a checks and balances based financial process

 
Research-Financial-Portfolio.JPG

Enable a snapshot-in-time of your entire research financial portfolio

Research-System-ROI.JPG

Improved ROI for all systems (CTMS, EHR, financial, etc.)

 

financial management Process

  1. Complete analysis of each study including payment receipts, subject visit information, revenue, and accounts receivable
  2. Create and maintain proforma invoices in proprietary accounting system or in the client’s system
  3. Invoice the sponsor/CRO for pass-through expenses as required (i.e. IRB, pharmacy, and advertising fees)
  4. Act as a liaison between your organization and the sponsor/CRO and perform collection/reconciliation activities
  5. Provide online access to clinical trial agreements, collection/reconciliation data, and monthly financial reports

Additional revenue guard Services:

Claims Review