Budget Development & Coverage Analysis
Determining payor coverage for the items and services of a study and developing a budget grid accordingly are two important steps of study start-up. While coverage analysis (CA) is a process typically conducted by sites and institutions, it is equally important for sponsors. The process is a complex task that requires extensive training along with the review of medical guidelines, national coverage determinations, and medical journals. Factors like Standard of Care (SOC) and Fair Market Value (FMV) further complicate the process.
Let Transcend Trials take this difficult job off your hands. We'll ensure each item and service outlined in the study is appropriately designated to the correct payor, and with that information, develop an accurate and reasonable trial budget.
Adopt a consistent approach for determining SOC and
Maximize budgets by determining items that can be billed to insurance
Develop a standardized approach for study budget development
Improve your budgeting confidence with our deep expertise