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Financial Management Strategies for Clinical Research Sites

In today’s economic environment, sites are feeling even more pressure to be efficient, increase enrollment, and maintain a solid bottom line — all with fewer resources. At the same time, sponsors and CROs continue to scrutinize costs and focus on shortened timelines. Additional pressure comes from increased regulatory requirements from the FDA and other governmental agencies. Now, more than ever, research sites need a strategy to maximize revenue and manage finances for growth.

This webinar will provide an overview of corporate finance techniques applied to running a clinical research site. We’ll discuss budgeting techniques, review Medicare billing rules, and provide example tools for improved tracking of revenue. The goals are to raise awareness of site financial pressures, outline strategies to deliberately address these pressures, and provide sample tools and techniques to improve financial management.

Presented By
Mathew Lester - Managing Director, Huron Consulting Group
Neil Warnock, MD, MBA - VP of Medical Affairs, StudyManager
About the Presenters
Matthew Lester is a Managing Director at the management consulting firm, Huron Consulting Group. He has over 12 years of management consulting experience focused on the management of grants and clinical trials at the academic medical centers, health systems, hospitals, and research institutes. Matthew has provided strategic advice on developing and implementing clinical research offices, help to improve clinical trials billing compliance/ Medicare coverage analysis, assisting organizations with reducing research compliance risks and developing improved processes for greater overall management and efficiency at major research organizations across the US. He is a frequent speaker on research management and compliance topics at industry conferences including Healthcare Compliance Association, Society of Research Administrators, Society of Clinical Research Associates, Association of Clinical Research Professionals and others.

Dr. Neil Warnock is Vice President of Medical Affairs for StudyManager. Dr. Warnock possesses broad experience in medicine from clinician to Medical Liaison, to Medical Director. He has worked in clinical development, health economics and managed care. Dr. Warnock has worked in all phases of clinical research across several therapeutic areas and many different job responsibilities including clinical trial design, physician education, patient retention, and others
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