Budgeting

Budgeting for clinical trials requires several processes; determining what is required to conduct the study (such as personnel, patient care, study start-up activities, study maintenance activities, etc.), determining the costs of those services/procedures/activities, developing and negotiating the study budget, and conducting a billing coverage analysis.

It is the Principal Investigator’s responsibility to ensure that the budget will adequately cover all costs associated with conducting the clinical trial.

The Grant Pricing Request Application allows study teams to access procedure cost information and create cart(s) with all the required procedures for the study. The research charge master (research rates) is updated by MC Finance and UPG at least annually and uploaded by SOM Clinical Trials Office (SOM CTO) to the Grant Pricing Request Application. Research rates for clinical research studies will be based upon the version of the research charge master that is in effect on the date the study is entered into Clinical Research Connect. MC research prices will be guaranteed for the duration of the study. UPG does not guarantee their pricing.

If you have questions about the application, contact the SOM Clinical Trials Office at 434-924-8570.