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RxPaying offers electronic payment solutions for the clinical research industry. RxPaying streamlines and simplifies the process of administering investigator grants, paying invoices to sites, and reimbursing patients for participation in clinical research studies.
These electronic payment solutions allow patients to have instant access to their funds and sites to receive automatic payment based on an EDC data entry trigger. Sites will no longer have to process and track reimbursements to patients or wait several months for their investigator grant payment.
Electronic Grant Payments Help Sites Better Manage Cash Flow
Investigator grant payments are processed automatically for completed visits confirmed by EDC data entry on a daily basis. Sites are able to better manage their business due to adequate cash flow and focus on
the task of enrolling patients. It is possible sites will enter the data into the EDC system sooner knowing they will be paid automatically upon data entry.
Use of the RxPaying Debit Card Helps Ensure Higher Patient Participation and Retention
The use of the RxPaying debit card centralizes the process of patient reimbursement for clinical studies as a whole and provides unique benefits to patients, investigative sites and sponsors.
The RxPaying Debit card allows patients immediate access to their funds. They can use it to purchase items, request cash back from a purchase, or get cash from an ATM.
Advantages to using RxPaying:
Investigator Grants:
- Automatic process eliminating double entry. Reduces the potential for human error
- Incentive for sites to enter their data into EDC system sooner knowing it will trigger payment
- Sponsors get their data sooner than current timelines
- Solves the current problem of slow grant payments
Debit Card:
- Instant availability of funds to patient
- One card used throughout the study which is reloadable for every visit
- Used everywhere debit cards are accepted
- Patients can request cash back from purchases or access cash from an ATM
For Sponsors and CROs:
- Automated seamless process
- Centralized process for patient reimbursement for entire study
- Cost effective service
- Higher patient retention potential
- Detailed reports of payments
For Investigators and Sites:
- Eliminates the hassle of tracking payments and cutting checks to patients
- Will no longer have to front money to patients
- Will no longer have to wait for reimbursement from Sponsor
- Web based portal for ease of use
- Detailed reports for verification of payment
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