Calculate your savings
We manage it internally
We outsource it
Make a selection to begin:
How do you currently manage your site payments?
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How many staff do you have dedicated to processing payments?
What is the average salary per person including benefits?
Type in amount below:
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Page 1 of 4
- We manage it internally
- How do you currently manage your site payments?
* MUST FILL OUT ALL INPUTS
What average percentage of their time is spent supporting payments?
How many additional staff support payments?
Hint: CRA's, project managers, study team members, site support, accounts payable, finance, accounting, HCP reporting, data management and contracting often support the payments function
%
Question 2 of 6
What is your annual cost of technology used to manage payments including the costs for software, maintenance and support and infrastructure associated with technology solution?
Page 2 of 4
What is your total portfolio grant spend per year?
What % of your annual grant spend is typically unrecoverable?
Page 3 of 4
Hint: As much as 5% of grant spend is lost on unrecoverable over payments to sites
How many sites in your total portfolio drop out in the course of a year due to financial or administrative burden?
Hint: A 2019 Tufts Study reported an overall average dropout rate across all therapeutic areas of 19.1%
What is the cost of bringing a new site on board?
Hint: the average cost of initiating a site can be $20,000-$30,000.
How many of your staff work on study financial forecasting?
What % of their time do they spend forecasting grant spend?
Page 4 of 4
What is your average grant spend outside the United States?
Hint: The average VAT rate is 20% and typically 5% -10% is unrecoverable if not using a payment solution with tax expertise
Question 6 of 6
What is your annual grant spend in countries that charge VAT?
Question 7 of 7
Contact Us
Contact us to speak with a payments expert and learn how to reduce costs, improve efficiencies, and site satisfaction by outsourcing your site payments to the most experienced payment provider in the world.
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The estimated annual cost of managing payments with your current system is
$XXXX,XXX.
Estimated savings for outsourcing to IQVIA Technologies
$XX,XXX,XXX
If you outsource payments to IQVIA Technologies you could realize significant savings by improving operational efficiencies, budget management, compliance and site satisfaction. Contact us to speak with a payments expert and learn how to solve your investigator payment challenges, improve site relations and ultimately your ROI.
