Located in the heart of the “Pharma-Belt” in suburban Philadelphia, Clinical Financial Services (CFS) is the industry’s only company focused exclusively on the financial management of clinical trials. Through unique business process outsourcing capabilities, the company empowers sponsors, clinical research organizations, and investigative sites to transform the way they handle the complex financial activities required to initiate and successfully complete clinical trials. The Company’s core competencies include an in-depth knowledge and understanding of clinical trial budget and agreements, contract negotiation and administration, and finance and accounting specific to clinical trials. With its focused expertise, innovative processes, and integrated technology CFS is able to provide high quality, efficient and cost effective service solutions to many of the financial and administrative issues that affect the clinical trial process.

CFS offers services to:

• Pharmaceutical Sponsors
• Biotech Companies
• Contract Research Organizations
• Investigative Sites
• Site Management Organizations
• Academic and Major Medical Centers

CFS is a focused provider of financial administrative services to both sides of the grants and contracting process. Services are:

Sponsor/CRO Services:
Contract Management - CFS offers a standardized approach to the development, negotiation, and execution of clinical trial budgets and agreements with investigators to help accelerate contract cycle times, minimize risk and improve sponsor/investigator relationships.

Payment Management - CFS has developed a highly controlled and technology enabled environment for processing investigator grant payments that allows for fast and accurate accrual information for sponsors, timely payments with detailed remittance information to sites, and improved sponsor/investigator relationships.

Site Services:
Receivable Management - Service includes tracking, billing, collection, reconciliation, and financial reporting on a site’s accounts receivable and revenue. The end result is clear financial visibility, improved cash flow, and enhanced compliance.

Financing - To improve cash flow and accelerate growth, CFS can finance a site’s accounts receivable for clinical trials. This often provides a greater amount of business capital than what is typically available from a bank line of credit.

Contact Information

Clinical Financial Services, LLC
Anthony Kelly,
Executive Vice President
1000 Madison Ave., First Floor
Audubon, PA 19403 USA
Phone: 888-650-1860; 610-631-4103
Fax: 610-650-1895
E-mail:

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