November 2024 SOCRA Source Journal - Journal - Page 93
SOCRA Virtual Advanced Site Management Workshop:
Finance and Productivity Enhanced Business Practices for
Clinical Research Programs
JANUARY 21 TO 23, 2025 I VIRTUAL
VIRTUAL
Workshop registration fee: $475 (Non-member $550 - includes one year’s membership)
Goal: The Society of Clinical Research Associates (SOCRA) recognizes the continuing need for education for
Clinical Research Professionals responsible for the activities at the research site or institution. The topic of 昀椀nancial
practices and business processes continues to be a challenge for clinical research sites. The purpose of this
workshop is to assist Site Managers, Site Coordinators, and Research Associates in improving their skills and their
understanding of the practical 昀椀nancial and business tasks related to clinical research. This workshop will focus
on providing tools and techniques that the participants can immediately utilize to bene昀椀t their clinical research
programs.
Objective: This 3-day interactive virtual workshop will assist Site Managers, Site Coordinators, and Research
Associates in improving their skills and their understanding of the practical 昀椀nancial and business tasks related to
clinical research. This workshop will focus on providing tools and techniques that the participants can immediately
utilize to bene昀椀t their clinical research programs.
Learning Objectives - The attendee should be able to:
• Describe the role of 昀椀nancial management in medical research
• Discuss current trends in the clinical research industry
• Discuss the foundational principles required to build a pro昀椀table research site
• Explain effective processes for implementing billing systems and assuring billing compliance including
relevant CMS (Centers for Medicare & Medicaid Services) billing regulations
• Demonstrate an ability to conduct billing analysis on research protocols
• Describe techniques for assessing study costs and reviewing sponsor budgets
• Describe tools to assist in clinical trial budget negotiation
• Demonstrate an ability to calculate the complete cost of a research study
• Demonstrate an ability to understand the contract negotiation process
• Discuss revenue recognition models and tools
• Describe methods for assessing study performance and revenue positions and for enhancing cash 昀氀ow
• Describe methods for managing research program accounts receivable and business of昀椀ce reporting
requirements
• Discuss issues and challenges related to managing expenses at the clinical research site
• Describe methods of calculating the pro昀椀tability of a clinical research program
• Demonstrate an ability to develop a research budget
• Demonstrate an ability to use spreadsheets in managing 昀椀nancial aspects of clinical trials
• Describe issues related to reporting the results of a research program to executive management
SOCRA designates this educational activity for a maximum of 13.25 Continuing Education Credits for
SOCRA CE, Nurse CNE, and Physician CME.
SOCRA designates this live activity for a maximum of 13.25 AMA PRA Category 1 Credit(s)™.
Physicians should claim only the credit commensurate with the extent of their participation in the activity.
CME for Physicians: The Society of Clinical Research Associates is accredited by the Accreditation Council for
Continuing Medical Education to provide continuing medical education for physicians.
CNE for Nurses: Society of Clinical Research Associates is accredited as a provider of continuing nursing education
by the American Nurses Credentialing Center's Commission on Accreditation.
SOCRA Course Series 650
SOCRA SOURCE © November 2024
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