February 2024 SOCRA Source Journal - Journal - Page 86
SOCRA Virtual Advanced Site Management Workshop:
Finance and Productivity Enhanced Business Practices for Clinical Research
Programs
JANUARY 23 TO 25, 2024
Registration Fees: Member: $475, Non-Member* $550 *includes one year membership
Goal: The topic of financial practices and business processes continues to be a challenge for clinical research sites.
The purpose of this workshop is to assist Site Managers, Site Coordinators, and Research Associates in improving
their skills and their understanding of the practical financial and business tasks related to clinical research. This
workshop will focus on providing tools and techniques that the participants can immediately utilize to benefit their
clinical research programs.
Objective: This 3 day interactive virtual workshop will assist Site Managers, Site Coordinators, and Research
Associates in improving their skills and their understanding of the practical financial and business tasks related to
clinical research. This workshop will focus on providing tools and techniques that the participants can immediately
utilize to benefit their clinical research programs.
Learning Objectives - The attendee should be able to:
• Describe the role of financial management in medical research
• Discuss current trends in the clinical research industry
• Discuss the foundational principles required to build a profitable research site
• Explain effective processes for implementing billing systems and assuring billing compliance including
relevant CMS (Centers for Medicare & Medicaid Services) billing regulations
• Demonstrate an ability to conduct billing analysis on research protocols
• Describe techniques for assessing study costs and reviewing sponsor budgets
• Describe tools to assist in clinical trial budget negotiation
• Demonstrate an ability to calculate the complete cost of a research study
• Demonstrate an ability to understand the contract negotiation process
• Discuss revenue recognition models and tools
• Describe methods for assessing study performance and revenue positions and for enhancing cash flow
• Describe methods for managing research program accounts receivable and business office reporting
requirements
• Discuss issues and challenges related to managing expenses at the clinical research site
• Describe methods of calculating the profitability of a clinical research program
• Demonstrate an ability to develop a research budget
• Demonstrate an ability to use spreadsheets in managing financial aspects of clinical trials
• Describe issues related to reporting the results of a research program to executive management
SOCRA designates this educational activity for a maximum of 13.25 Continuing Education Credits for SOCRA
CE, Nurse CNE, and Physician CME.
SOCRA designates this live activity for a maximum of 13.25 AMA PRA Category 1 Credit(s)™.
Physicians should claim only the credit commensurate with the extent of their participation in the activity.
CME for Physicians: The Society of Clinical Research Associates is accredited by the Accreditation Council for Continuing Medical
Education to provide continuing medical education for physicians.
CNE for Nurses: Society of Clinical Research Associates is accredited as a provider of continuing nursing education by the American
Nurses Credentialing Center's Commission on Accreditation.
SOCRA Course Series 650
86
SOCRA SOURCE © May 2023