How much is your investigator payments solution really costing you?
Most organizations significantly under-estimate the cost of their payment solution, especially those managing payments internally or using an inexperienced payments provider. Our analysis finds the true cost of an organization's investigator payment solution is typically 2x-3x higher than they estimate. Take 5 minutes to complete this site payment cost estimator to calculate the true cost of your current solution and the savings you could secure if you outsource your site payments to IQVIA Technologies.
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How do you currently manage your site payments?
We manage it internally
We outsource it
Make a selection to begin:
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.
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