Elevate Research Finance
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Clinical Research Finance, Fully Managed

Your Clinical Research Finance Partner

Elevate Research Finance serves as your dedicated clinical research finance partner, managing the financial lifecycle of your studies from budget development and sponsor negotiations through invoicing, collections, reconciliation, forecasting, and reporting. Our integrated model gives you the expertise and financial infrastructure of an experienced research finance team—without the complexity of building one in-house.

Your Clinical Research Finance Partner

Our Services

01

Budget Development & Negotiation

We build and negotiate study budgets that reflect your site’s true costs, operational requirements, and financial goals.

Clinical Trial Budget Development and Review

Detailed, procedure-level study budgets designed to accurately reflect the resources and costs required to conduct the protocol.

Sponsor / CRO Budget Negotiation

Using site-specific costs, operational requirements, and available market benchmarks, we negotiate sponsor and CRO budgets with site sustainability in mind.

Site Rate Card Development

We develop a standardized, site-specific pricing framework that creates a consistent financial baseline for future study opportunities and negotiations.

Study Financial Feasibility & Profitability Analysis

We evaluate expected revenue, direct costs, resource requirements, and overhead to help determine whether a study makes financial sense for your organization.

Sponsor Invoicing

We prepare and submit accurate invoices for visits, procedures, screen failures, startup fees, amendments, milestones, and other contractually billable activities to support timely payment.

Payment Tracking & Reconciliation

We match sponsor and CRO payments against invoices, study activity, budgets, and payment schedules to identify discrepancies, short payments, and outstanding balances.

Accounts Receivable Management & Follow-Up

We maintain study-level A/R aging, identify overdue balances, and follow up directly with sponsor and CRO finance teams to resolve outstanding receivables and payment discrepancies.

Study Closeout Financial Reconciliation

Before financial closeout, we perform a comprehensive reconciliation of earned revenue, invoices, payments, holdbacks, and outstanding study balances to identify unresolved amounts.

02

Invoicing and Collections

Earning clinical trial revenue is only the first step. Capturing, invoicing, reconciling, and collecting it requires disciplined financial management.

03

Financial Reporting, Visibility & Optimization

Elevate Research Finance provides site leadership with clear, actionable financial reporting across individual studies and the broader research portfolio - supporting better visibility, accountability, and decision-making.

Study-Level Financial Reporting

Study-level financial reports provide visibility into earned revenue, collections, outstanding receivables, expenses, and financial performance by protocol.

Financial Dashboards & KPI Reporting

Custom dashboards track key research-finance metrics including A/R aging, collections, cash flow, study margins, revenue capture, and financial performance.

Revenue Leakage Identification & Recovery

Targeted financial reviews identify unbilled activities, missed milestones, underpayments, unreconciled balances, and other potential revenue gaps requiring follow-up.

CTMS Financial Review & Optimization

We review CTMS financial configuration and workflows to improve milestone tracking, invoiceable capture, payment reconciliation, and the accuracy of financial reporting.

Fully Managed Research Finance Function

We manage agreed-upon research finance activities across budgeting, invoicing, collections, reconciliation, reporting, and financial oversight - functioning as an extension of your internal team.

Research Finance Advisory & Operational Consulting

We provide strategic guidance on financial workflows, study economics, resource planning, research growth, financial controls, and infrastructure needed to support a scalable research operation.

04

Ongoing Outsourced Financial Management

Elevate Research Finance serves as your outsourced clinical research finance function -integrating into your existing team, systems, and workflows to provide ongoing financial management, reporting, and oversight.

Support That
Fits Your Site

Project-Based Support Icon

Project-Based Support

Best for sites that need help with a specific financial initiative - such as budget development, site rate card creation, financial feasibility, or a revenue leakage review. We define the scope, complete the work, and conclude the engagement once the project is delivered.

Recurring Financial Support Icon

Recurring Financial Support

Best for sites that need ongoing support in selected areas - such as invoicing, collections, reconciliation, reporting, or CTMS financial oversight - without outsourcing the entire finance function.

Fully Outsourced Research Finance Icon

Fully Outsourced Research Finance

Best for sites that want Elevate Research Finance to function as their ongoing clinical research finance team. We manage agreed financial operations across budgeting, invoicing, collections, reconciliation, reporting, and financial oversight as an extension of your organization.

Frequently
Asked Questions

Elevate Research Finance provides end-to-end clinical research financial management, including budget development and negotiation, site rate cards, study financial feasibility, sponsor invoicing, payment tracking and reconciliation, accounts receivable management, financial reporting, KPI dashboards, revenue leakage identification, CTMS financial optimization, and ongoing outsourced financial management.

Start with a Free
Consultation

Not sure where to start? We’ll help you identify the financial support that best fits your research operation

Schedule a Free Consultation