Clinical Research Billing
Sachit Verma, MD, MBA, FACHE, FAPCR, CRCP, CRCR, CSPPM
Assistant Director of Research Operations
Stravitz-Sanyal Institute for Liver Disease & Metabolic Health
Virginia Commonwealth University – School of Medicine
Clinical Research Billing in Revenue Cycle Operations
Research Operations requires a lot of operational measures, including Competencies, Compliance, Revenue, and Billing. It’s vital to comprehend the abilities of team members and adopt a competency-based approach. Developing efficient processes, effective SOPs that have both clinical and administrative functions, a change model for billing compliance, and value streams in the Revenue Cycle are the initial steps to achieving organizational excellence. A culture of compliance demands control and monitoring, which involves risk assessment and mitigation, and optimization of revenue management and financial performance from front to back-end pathways. In the latest SOCRA Source Journal for Clinical Research Excellence, Dr. Verma Illustrates the concept of research revenue cycle and operations from the viewpoint of system-based workflows and the importance of having a robust compliance program to improve strategies to identify roadmap to manage and mitigate risk.