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iMednet Payments

Automated site payment management and approval for clinical trials with customizable budgets and real-time transaction tracking.

Solution by Mednet
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Overview

iMednet Payments is a native clinical trial payment management module built into the iMednet eClinical platform, designed for research sponsors and CROs who need a secure, automated, and transparent way to manage site payments throughout the duration of a study. By eliminating the manual review and approval processes that are traditionally time-consuming, costly, and error-prone, iMednet Payments enables study administrators to efficiently organize and execute site payments within a single unified system.

As part of Mednet's comprehensive EDC-centric eClinical platform, iMednet Payments has been deployed and trusted by sponsors and CROs worldwide, offering a cost-effective approach to payment management that integrates seamlessly with other native modules including EDC, RTSM, ePRO, eConsent, and more.

Core Capabilities

  • Automatic payment management directly within the EDC, significantly reducing the potential for incorrectly distributing funds to research sites
  • Site-specific study budget application that is fully customizable and can be configured in a site-specific manner
  • Payment triggers (configurable checkpoints) that can be set up in minutes and rapidly applied across an entire study
  • Comprehensive transaction history page providing access to real-time payment data
  • Filtering and exporting of a variety of reports, including progress reports, payment reports, and auditing reports
  • Support for both patient-specific and non-patient-specific overhead budgeting

Key Benefits

  • Reduced human error: Automation of the payment process minimizes the likelihood of manual mistakes in fund distribution
  • Full control and flexibility: A unified platform ensures all payment management occurs in one place, eliminating the need to switch between multiple systems
  • Enhanced visibility and accountability: Site-specific budget configurations and real-time transaction monitoring improve oversight and site satisfaction
  • Rapid configuration: Payment triggers can be customized and deployed across an entire study in minutes, accelerating study setup and execution

Reporting and Oversight

  • Real-time monitoring of transaction history for up-to-date payment status
  • Exportable progress, payment, and auditing reports to support compliance and financial oversight
  • Improved visibility and accountability across all study sites through site-specific budget management

iMednet Payments is delivered as a native module within the iMednet eClinical platform, ensuring seamless integration with the broader suite of clinical trial tools. The platform is designed to support all study types and phases, and is available to research sponsors and CRO partners seeking a comprehensive, secure, and efficient approach to clinical trial site payment management.

Meta

Domain
Clinical Trial Management
Subdomain
Patient & Site Financial Management
Software type(s)
Workflow Automation
Deployment type(s)
Cloud / SaaS
Industry vertical(s)
BiotechCROMedical DevicesPharma
Development stage(s)
Clinical
Target user(s)
QA / Regulatory AffairsClinical / Diagnostic ProfessionalIT / Systems Admin / Data Engineer
Compliance standard(s)
21 CFR Part 11GxP