Patient Compensation

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Patient Compensation

Patient Compensation for BA/BE studies and Early Phase Trials provider offers a comprehensive solution for compensating participants for their time and involvement in protocol-defined activities. This module efficiently manages compensation details, clearly indicating whether participants receive compensation or not. It provides a holistic approach by covering both screening and project-related compensation, ensuring transparency and adherence to regulatory compliance. With a complete audit trail tracking system, BizNET systematically records all compensation details, including screening and study participation reimbursement. Developed in compliance with various regulatory authorities, it serves as a reliable and efficient tool for managing compensation aspects in clinical trials.

Benefits

IRIS Verification

As a benefit of the patient compensation system, the release of payments is seamlessly facilitated with automated prompts for the final amount due. This ensures a streamlined process where the system automatically verifies the payment through IRIS/Biometrix, guaranteeing accuracy and directing compensation to the intended patient. Following the payment release, a detailed record is generated, confirming that the specific amount has been successfully compensated to the patient. This feature enhances efficiency, minimizes errors, and provides a transparent and accountable system for managing patient compensation in clinical trials.

Error Free Payments

A notable benefit of the BizNET patient compensation is its capability to automatically update the patient's account within the system after each activity, creating a comprehensive record for future reference. During any stage of payment release in BA/BE studies or early phase trails, the system autonomously calculates the final compensation without human intervention. This feature not only ensures accuracy but also eliminates bias and errors, contributing to an unbiased and error-free compensation process. The automated calculations enhance efficiency, providing a reliable and transparent mechanism for managing patient compensation in clinical trials.

Holistic Considerations

Incorporating Holistic Considerations under patient compensation, all payments are established at the time of drafting the protocol. The system efficiently employs automated cost calculations based on various factors such as patients' travel, accommodation, meals, and more. It features inbuilt algorithms that factor in considerations like blood quantity, number of visits, and trial duration. The payment release, seamlessly executed through various audit-friendly modes like cash, NEFT, cheque, and online transactions, ensures flexibility and convenience. Additionally, the system facilitates advance payments, contributing to a comprehensive and adaptable approach to compensating patients in clinical trials.