What You Should Know:
– Medidata, a Dassault Systèmes brand and leading provider of clinical trial solutions to the life sciences industry, today announced the launch of Medidata Patient Payments, a new solution that streamlines trial-related stipends and reimbursements for patients participating in clinical research.
– This offering automates the payment lifecycle and addresses the longstanding challenge of compensating participants for their time, effort, and study-related expenses, while solving for growing concerns around the financial toxicity of clinical trial encounters.
Medidata: Transforming Clinical Trials with Innovative Digital Solutions
Celebrating 25 years of technological innovation, Medidata leads the way in revolutionizing clinical trials through its comprehensive digital platform. With expertise built from over 34,000 trials and data from more than 10 million patients, Medidata offers cutting-edge analytics, the world’s largest patient-level historical clinical trial dataset, and industry-leading solutions. Trusted by more than 1 million registered users across approximately 2,200 customers, Medidata’s seamless, end-to-end platform accelerates clinical breakthroughs, improves patient experiences, and helps bring therapies to market more efficiently.
Medidata Patient Payments delivers a streamlined reimbursement experience for clinical trial participants, allowing for the easy submission of various expense claims, including:
– Travel
– Meals
– Lodging
– Lost wages
– Childcare
– Mileage
The platform leverages the Medidata system to automatically trigger stipends based on study-related activities, such as completing diaries or assessments, enhancing both flexibility and convenience. This integrated approach ensures a smooth reimbursement process, with quick implementation and customizable options to suit the needs of both patients and study sites.
“Our Patient Payments solution is a direct reflection of the commitment and passion we have to deliver an extraordinary patient experience,” said Meghan Harrington, vice president, Clinical Trial Financial Management, Medidata. “Our partnerships with Medidata’s patient and site advisory boards, coupled with the incomparable data housed within our ecosystem, provides us with a unique opportunity to modernize the financial management experience for patients.”