Clinical Trials Revenue Cycle

"IMPROVIDENCE, n. Provision for the needs of today from the revenues of tomorrow."
- Ambrose Gwinett Bierce

With the growing financial pressures on healthcare, hospitals and research institutions are forced to seek innovative strategies to improve revenue and revenue collection from commercial sponsors. However, existing budgeting and internal accounting controls designed to account for the management of Federal grant funds do not lend themselves to commercially-sponsored research. Fund accounting and billing systems therefore, need to be aligned in order to capture all revenues and associated expenses in individual research accounts and ensure investigator accountability is maintained.

McAllister Consulting offers a unique diagnostic process which provides a highly focused gap-analysis of existing processes spanning the entire revenue cycle: from budget preparation and contract negotiations to revenue assignment, billing and collections. Through this process we can identify redundancies, data integrity issues, improper or inadequate resource utilization, and human misunderstandings that can lead to process errors.

Case Studies

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