the tip of the iceberg

Baio, Kim T.; Takamoto, Richard
June 2006
hfm (Healthcare Financial Management);Jun2006, Vol. 60 Issue 6, p102
Trade Publication
The article discusses on how to conduct a financial liability analysis of a clinical trial protocol appropriately . Failure to conduct an appropriate financial liability analysis exposes an organization to significant risks. The financial liability exposure associated can be minimized by--(i) determining the level of research activity in the organization, (ii) deciding who should be involved in conducting the financial analysis, (iii) creating a dedicated financial liability analysis team, (iv) providing training in regulations related to clinical trials, (v) developing standard operating procedures related to clinical trials. Keeping current with the rules and regulations related to reimbursement for clinical trials can be overwhelming. INSET: MEDICARE COVERAGE OF ROUTINE COSTS IN CLINICAL TRIALS.


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