OrchestrateYourTrials@iqvia.com.

" /> OrchestrateYourTrials@iqvia.com.

" />
Regions
MAIN/REGIONS
regions/
Regions
  1. Americas
  2. Asia & Oceania
  3. Europe
  4. Middle East & Africa
  1. Solutions
  2. Products
  3. Insights
  4. About
  5. Careers
  6. Contact Us
MAIN/search
MAIN/Solutions
Solutions/
SOLUTIONS
  • Research & Development
  • Real World Evidence
  • Commercialization
  • Safety & Regulatory Compliance
  • Technologies
LIFE SCIENCE SEGMENTS
HEALTHCARE SEGMENTS
THERAPEUTIC AREAS

Impacting People's Lives

"We strive to help improve outcomes and create a healthier, more sustainable world for people everywhere.

LEARN MORE
Harness the power to transform clinical development

Reimagine clinical development by intelligently connecting data, technology, and analytics to optimize your trials. The result? Faster decision making and reduced risk so you can deliver life-changing therapies faster.

Research & Development Overview
Research & Development Quick Links
Real World Evidence. Real Confidence. Real Results.

Generate and disseminate evidence that answers crucial clinical, regulatory and commercial questions, enabling you to drive smarter decisions and meet your stakeholder needs with confidence.

REAL WORLD EVIDENCE OVERVIEW
Real World Evidence Quick Links
See markets more clearly. Opportunities more often.

Elevate commercial models with precision and speed using AI-driven analytics and technology that illuminate hidden insights in data.

COMMERCIALIZATION OVERVIEW
Commercialization Quick Links
Service driven. Tech-enabled. Integrated compliance.

Orchestrate your success across the complete compliance lifecycle with best-in-class services and solutions for safety, regulatory, quality and medical information.

COMPLIANCE OVERVIEW
Safety & Regulatory Compliance Quick Links
Intelligence that transforms life sciences end-to-end.

When your destination is a healthier world, making intelligent connections between data, technology, and services is your roadmap.

TECHNOLOGIES OVERVIEW
Technology Quick Links
MAIN/Products
Products/
CLINICAL PRODUCTS
COMMERCIAL PRODUCTS
COMPLIANCE, SAFETY, REG PRODUCTS
REAL WORLD PRODUCTS

CASE STUDY

"Data in a Day

LEARN MORE
MAIN/Insights
Insights/
BLOGS, WHITE PAPERS & CASE STUDIES

Explore our library of insights, thought leadership, and the latest topics & trends in healthcare.

DISCOVER INSIGHTS
THE IQVIA INSTITUTE

An in-depth exploration of the global healthcare ecosystem with timely research, insightful analysis, and scientific expertise.

SEE LATEST REPORTS

INSTITUTE REPORT

"Global Trends in R&D 2024

READ MORE

EMEA Insights

"IQVIA thought leadership with a focus on EMEA.

Learn more

WHITE PAPER

"DCTs Deliver Big ROI

LEARN MORE

WHITE PAPER

"Capturing value at scale: The $4 billion RWE imperative

LEARN MORE
MAIN/About
About/
FEATURED INNOVATIONS
  • IQVIA Connected Intelligence™
  • IQVIA Healthcare-grade AI™
  • Human Data Science Cloud
  • IQVIA Innovation Hub
  • Decentralized Trials
  • Patient Experience Solutions with Apple devices
WHO WE ARE
NEWS & RESOURCES

INVESTOR RELATIONS

"Visit our investor relations site for more information.

LEARN MORE
Unlock your potential to drive healthcare forward

By making intelligent connections between your needs, our capabilities, and the healthcare ecosystem, we can help you be more agile, accelerate results, and improve patient outcomes.

LEARN MORE
IQVIA AI is Healthcare-grade AI

Building on a rich history of developing AI for healthcare, IQVIA AI connects the right data, technology, and expertise to address the unique needs of healthcare. It's what we call Healthcare-grade AI.

LEARN MORE
Your healthcare data deserves more than just a cloud.

The IQVIA Human Data Science Cloud is our unique capability designed to enable healthcare-grade analytics, tools, and data management solutions to deliver fit-for-purpose global data at scale.

LEARN MORE
Innovations make an impact when bold ideas meet powerful partnerships

The IQVIA Innovation Hub connects start-ups with the extensive IQVIA network of assets, resources, clients, and partners. Together, we can help lead the future of healthcare with the extensive IQVIA network of assets, resources, clients, and partners.

LEARN MORE
Proven, faster DCT solutions

IQVIA Decentralized Trials deliver purpose-built clinical services and technologies that engage the right patients wherever they are. Our hybrid and fully virtual solutions have been used more than any others.

LEARN MORE
IQVIA Patient Experience Solutions with Apple devices

Empowering patients to personalize their healthcare and connecting them to caregivers has the potential to change the care delivery paradigm.

LEARN MORE
MAIN/Careers
Careers/
WORKING AT IQVIA

Our mission is to accelerate innovation for a healthier world. Together, we can solve customer challenges and improve patient lives.

LEARN MORE
LIFE AT IQVIA

Careers, culture and everything in between. Find out what’s going on right here, right now.

LEARN MORE

WE’RE HIRING

"Improving human health requires brave thinkers who are willing to explore new ideas and build on successes. Unleash your potential with us.

SEARCH JOBS
MAIN/Contact Us
Contact Us/
Blog
Enhancing Participant Payments: A New Approach with IQVIA’s Participant Payments Solution
Shaun Williams, Senior Director, Clinical Trial Payment Solutions
May 23, 2024
  • Blogs
  • Enhancing Participant Payments: A New Approach with IQVIA’s Participant Payments Solution

Managing participant payments in clinical trials is a multifaceted challenge that affects participants, sites, and sponsors alike. As clinical trials grow in scale and complexity, the need for an efficient, secure, and globally compliant payment solution becomes increasingly critical. This blog explores the complexities of participant payments and introduces a new approach, using IQVIA's Participant Payments solution, which addresses these challenges.

The Complex Landscape of Participant Payments

Clinical trials are essential for advancing medical knowledge and bringing new therapies to market. However, managing payments for trial participants can be a significant hurdle. The traditional approach often involves cumbersome processes, multiple vendors, and inconsistent payment methods, leading to delays and dissatisfaction among participants. Moreover, sponsors often face the daunting task of ensuring compliance with various regulatory requirements across various countries.

Participant Challenges

For participants, the primary issues revolve around transparency and reliability. Many participants report that compensation is a key motivator for their involvement in clinical trials. However, expectations often do not match reality, leading to frustration and disengagement. Delays in payment processing, limited payment options, and the complexity of reimbursement claims are common pain points.

Site Burden

Clinical trial sites bear a substantial administrative burden when it comes to managing participant payments. From tracking payments to ensuring timely disbursement, the process can divert valuable resources from more critical clinical activities. Sites often must navigate multiple systems and vendors, further complicating the payment process.

Sponsor's Perspective

For sponsors, the challenge lies in consolidating these disparate processes into a streamlined, efficient system. The goal is to enhance participant retention, ensure regulatory compliance, and gain better visibility into payment data. A robust payment solution is not just a convenience but a strategic imperative to ensure the smooth execution of clinical trials.

Introducing IQVIA’s Participant Payments

Recognizing these challenges, IQVIA has developed an innovative solution designed to simplify and streamline the payment process for all stakeholders involved in clinical trials.

What makes this solution different?

  • Global Payment Capabilities: IQVIA Participant Payments supports payments in over 180 countries, providing multiple payment options, including virtual debit cards. This ensures that participants receive their payments in their local currency, enhancing convenience, engagement, and retention.
  • Real-Time Payments: With real-time processing of stipends and micro-payments, participants no longer have to wait for their compensation. This immediate payment processing significantly improves participant retention and satisfaction.
  • User-Friendly Technology: The solution offers an intuitive mobile app and web-based platform, making it easy for participants to submit expenses and receive payments. The technology is designed to accommodate all participant categories, including those who may not be tech-savvy.
  • Automated Data Processing: IQVIA Participant Payments seamlessly integrates with existing systems, automating data processing, and reducing administrative workload for sites.
  • US Tax Support: Comprehensive support for US tax requirements, including W-9 collection, TIN validation, and 1099 reporting, ensures that sponsors remain compliant with federal and state regulations.
  • Data Security: Advanced security measures, including encryption, tokenization, and automatic redaction of personal information, protect participant data and ensure compliance with global data protection regulations.

 

Conclusion

In the evolving landscape of clinical trials, efficient participant payment management is crucial for success. IQVIA Participant Payments addresses the key challenges faced by participants, sites, and sponsors, offering a streamlined, secure, and globally compliant platform. By enhancing operational efficiency and participant satisfaction, this solution empowers sponsors to conduct clinical trials more effectively and efficiently.

For more information about IQVIA Participant Payments, register for our upcoming webinar here or contact us at: OrchestrateYourTrials@iqvia.com.

You may also be interested in

Event
Navigating Participant Payment Challenges in Clinical Trials: A New Approach for Sponsors and Sites
June 6, 2024

On-demand
Webinar
Navigating HCP Consent: Legislative Updates & Effective Practices
July 3, 2024
Fact Sheet
Why IQVIA Participant Payments?

Empower participants, simplify operations, and maximize retention with a global payments experience
Webinar
Navigating the Complexities of Clinical Trial Budget Forecasting and Payments
Case Study
Investigator Payments - A Critical Component in Bayer's Sponsor of Choice Strategy
White Paper
Routes to Sponsor of Choice: From Shared Pipelines to Streamlined Payments
Blog
The Impact of Clinical Trial Payments on Site-Sponsor Relationships
By: Jim DiCesare
Home
Prev
Next

Related solutions

Digital Site Suite

Increase transparency, improve communications and reduce administrative burden for all clinical trial stakeholders.

Contact Us