Greenphire, a King of Prussia, Pa.-based provider of payment technology for the clinical trials industry, has announced that Duke University has selected its ClinCard system to support financial data management and tracking in more than 3,000 clinical studies that the organization conducts each year. As one of the largest biomedical research enterprises in the U.S., Duke will implement Greenphire’s solution to automate the management of payments, and associated data, it makes to research participants annually.
Following an intensive review of the ClinCard system between Duke’s IT, information security, participant protection executives and Greenphire, it was determined that the solution could offer significant value in streamlining the tracking of payments to research participants in clinical trials and reduce manual workflow requirements, while enabling easily accessible, real-time payments to participants throughout a trial.
The ClinCard System combines global electronic payment technology with real-time messaging functionality to automate payments made to trial participants. Payments are delivered through electronic transfers to a reloadable branded debit card. The patented solution enables participants to access their funds securely and in real-time, while sponsors are able to track and report all payments made from a Web-based portal.