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Follow on Google News | CFS Clinical Exceeds $700 Million in Clinical Trial Site PaymentsCFS Clinical (CFS) achieved a significant milestone of $700 Million in site payments issued
By: CFS Clinical (CFS) CFS’s methodology to this complex payment process entails a highly controlled and fully integrated global payment environment, which improves pharmaceutical sponsor compliance with the U.S. Federal Open Payments, state, and growing global aggregate spend reporting requirements. Moreover, the process drives physician’s satisfaction and ability to participate in research, which is critical to bring new drugs to market. As the market leader, CFS is also the only company in its space with a SSAE16 SOC 1 Type II report for its investigator site payment processing environment. “Reaching this milestone of nearly three quarters of a billion dollars in investigative site payments is exciting for us, but we’ve only just begun,” comments Greg Seminack, President and Managing Partner of CFS Clinical. “The advent of the TransCelerate initiative is proof of the industry’s desire to drive positive disruptive change, and CFS is well positioned with a core competence in transforming the business and financial management of trials.” The team of CFS experts leverages its technology platform, CFS Payment InSite™, to issue payments electronically to sites on behalf of pharmaceutical sponsors around the world, efficiently and accurately. In addition, CFS supports its clients by navigating the global tax complexities and contractual considerations inherent in the process – an essential service when dealing with the 40+ countries in CFS’s current portfolio. About CFS Clinical: CFS Clinical is a specialty provider focused on the business and financial management activities of clinical trials. The company offers a unique blend of contract, essential site document management and cutting-edge investigator payment management services. With focused expertise, innovative processes, and integrated technology CFS provides high quality, cost effective service solutions that address critical study startup and financial issues affecting the clinical trials process. CFS Clinical was founded in 2001 and is headquartered in Audubon, PA with a European office in the UK. For more information, visit www.cfsclinical.com. End
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