Why Partner with PFS Clinical?
PFS Clinical serves the best clinical research organizations in the country. We've built a team of experts in critical areas of clinical research administration based on a thorough understanding of the needs and challenges of this industry. Companies choose us when they want expertise, when their workload demands extra help, or because they have come to know and trust our work. Here are some of the benefits of partnering with PFS Clinical:
Reduce recruitment and training costs of new employees
Exponentially increase per patient and adminstrative trial budgets
Receive faster payments from sponsors/CROs
Improve tracking and reporting of study finances
Reduce administrative tasks of research coordinators
Mitigate regulatory and compliance risks
What are our clients saying?
“PFS Clinical is the best in all of clinical trials accounting at getting to the bottom of a reconciliation of a study and figuring out how to best settle the balance owed.” - Director of Finance (West Coast)
“I wanted to express my sincere gratitude to your team for all of the great work they performed. It was very helpful in allowing us to get through our backlog of studies and has positioned us to be more effective in our Study Administration support to our faculty. Please extend my gratitude to the team for a job well done.” - Director of Research (East Coast)
“Thank you for all of your efforts! We really appreciate your expertise in billing compliance/CTMS optimization and all of the support you have provided. You have been great to work with.” - Director of Research (Midwest)
PFS Clinical has helped hundreds of institutions streamline the administration of their clinical research operations. Read about some of our clients' experiences in the case studies below.
The value realized from leveraging the expert clinical trial accountants within PFS Clinical, uncovers hundreds of thousands in uncollected revenue. For one client, its audit of six recently closed studies resulted in recovery of $45,000 from the sponsor for unpaid patient visits. When the pilot later expanded, PFS Clinical identified and collected 80% of an additional $290,000 in uncollected revenue.
For one client, PFS Clinical's contract/budget review and negotiation services netted nearly 50% greater per-patient fees and 400% greater covered administrative items for management of a COPD trial. Another client realized an approximate increase in per-patient fees of 24% and a 188% increase in covered administrative items for a study related to Actinic Keratosis.
PFS Clinical partnered with a Midwest community-based health system that had been operating with a decentralized model but was looking to make improvements. The client hoped to establish processes, policies, and procedures to create a centralized research office. After identifying several risks, we delivered a suite of services including coverage analysis, budget and contract development/negotiations, corporate marketing, on-site management, study identification, and compliance oversight.
- Improved research operations
- Trained staff on research best practices and streamlined communications with all internal departments
- Increased study opportunities
- Implemented a process to ensure compliant and accurate billing
- Enhanced financial reporting and institutional accountability
- No SOPs for conducting research
- Over 40% of previously executed CTAs and budgets were missing standard subject injury language
- Over 60% of budgets missing key line items
- No process in place to prevent double billing
- No tracking mechanism for ongoing research activity and revenue