Financial Management of Clinical Research: Developing Data Analytics to Drive Decision Making

Why Should You Attend:

Effectively managing a clinical research portfolio is essential for its financial success. Understanding and interpreting key data elements and performance indicators will provide insight for managers to make key decisions. This session will provide participants with knowledge and tools to create meaningful financial metrics that inform all stakeholders and enables decision making. Participants will learn how to interpret data elements and utilize them to make decisions at each aspects of a clinical research study’s life cycle. This seminar will equip decision makers with knowledge and tools to create a successful clinical research portfolio.

The strongest analytical tool an organization has readily available is data. Data is powerful. It can be analyzed to drive decision making and improve performance. Leveraging today’s technology, many organizations effectively use data analytics and adopt a data driven culture. Data analytics is the process of inspecting, cleansing, transforming and modeling data with the goal of discovering useful information, informing conclusions and supporting decision making. A multitude of methods exist to analyzing data into meaningful measures that are significant to an organization. The challenge facing many organizations is making data apart of daily decision making. This webinar will equip participants with knowledge, tools and resources to develop meaningful financial metrics to drive decision making. Key financial performance indicators for managing clinical research portfolios will be provided.

Areas Covered in the Webinar:

• Financial data elements of a clinical research study
• Financial data elements of a clinical research portfolio
• Key performance indicators – study level
• Key performance indicators – portfolio level
• Creating metrics – study level
• Creating metrics – portfolio level
• Clinical research revenue – portfolio level
• Creating metric dashboards
• Leveraging data to make key decisions

Who Will Benefit:

• Clinical Research Coordinators
• Clinical Trial Managers
• Clinical Research Associates
• Clinical Research Managers/Directors
• Administrative Directors
• Financial Analysts

Mary Veazie
Executive Director, Clinical Research Finance

Mary Veazie is a Certified Public Accountant with over 15 years of experience in clinical research finance. Collectively, she has over 25 years of financial and auditing experience. She developed and directed a clinical research finance office for a large academic medical center. She is certified in Healthcare Research Compliance and Healthcare Compliance. Ms. Veazie’s skill set includes full comprehension of the clinical research billing process and its impact on an organization’s clinic operations and revenue cycle.

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