Paying clinical trial volunteers is a common and long-standing practice intended to allow patients the ability to participate in clinical research without suffering financial hardship. Yet, there are many considerations for participant payments often overlooked.
To help sites, sponsors and Clinical Research Organizations (CROs) understand more about the compensation process, including the patient’s point of view, here are six articles to help you understand the present-day payment landscape.
A participant payment system is an application accessed through an internet browser, supporting the transfer of funds from research organizations to clinical trial participants. If you’ve been cutting checks or using other methods of payment to compensate and reimburse research subjects and are now thinking about adopting a participant payment system, this guide is for you.
If you’re in the market for a new participant payment system, you’re already well on your way to modernizing your stipend and reimbursement payments. Before you arrive at your destination, there are some factors you should take into consideration to be more prepared and able to make an informed decision and smooth implementation.
While some studies don’t offer any type of payment or compensation to patients, others offer a specific sum per visit and/or reimbursable amount for a research volunteer’s out-of-pocket expenses. Today, the topic of ‘if and how’ to pay patients for their participation is still up for debate.
Payments for research participation often include reimbursements, which refund out-of-pocket expenses directly related to study participation, such as transportation, meals and lodging. Despite efforts to cover costs, the amount of time this process takes may prevent some patients from completing a study, or even cause some to go further into debt, which is not efficient or inclusive of all patients.
5. “Save Time, Minimize Staff Burden and Increase Patient Retention with an Automated Participant Payment System”
By removing tedious back and forth communication and streamlining workflows, an automated participant payment system can relieve administrative staff burden, freeing time for more pressing and billable tasks, while providing participants with immediate compensation and reimbursements for their efforts.
Sometimes, paying research participants sparks debate on ethical considerations. They incite widely varying opinions on these issues from different stakeholders, partly due to a lack of clear-cut guidelines, leaving some scenarios open to interpretation and up for debate. These four situations may arise due to vague guidance documents, leaving research organizations questioning what they can do.
Forte’s Participant Payments makes it easy to pay stipends and travel reimbursements via each patient’s choice of debit card, direct deposit or check.