Empowered Patient Podcast

Managing Clinical Trial Budgets and Payments to Accelerate Clinical Development with Jim Murphy Greenphire

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Synopsis

Jim Murphy, CEO of Greenphire, discusses the company's role in addressing the financial lifecycle of clinical trials.  Greenphire works with sponsors, CROs, and research sites to automate and simplify payment processes, provide patient services, and remove burdens for patients and site personnel.  The aim is to improve patient retention and accelerate clinical development by streamlining processes from traditional manual methods to digital solutions that address budgeting, grant payments, and patient reimbursements.   Jim explains, "There are so many solutions that address data collection points in clinical trials. We're not one of those. We're a company focused on solving more of the business problems of clinical research. For example, we provide workflows that automate and simplify the payment processes from sponsors or CROs to investigative research sites. We provide patient convenience services that enable and support participants to maintain their journey on a clinical trial, giving them reimbursements,