Clinical Trial Budgets

1. Clinical Trial Budgets K.J. Sprenger, RN BS, University of Iowa Roy J. and Lucille A. Carver College of Medicine, Iowa City, Iowa, United States.

2. Budget Development • The sponsor of the clinical trial will send a contract and budget for the trial. • Think about the following: Can we recruit subjects? How many can we recruit realistically? Does the budget support the work to be done on the trial? What type of staff is needed? • After reviewing the budget, protocol and the questions start modifying the budget to reflect your costs to conduct the trial.

3. Budget Development • Find the study overview in the protocol. This is often a one page visit-by-visit outline of the study. • Determine if the labs and testing procedures such as EKG’s, MRI scans, etc. will be analyzed at our local University of Iowa core lab or at the sponsor’s central site. • Will there be other department charges: CRU, Nursing, Cell Lab

4. Budget Development • Determine if there will be professional charges required for the technical tests performed. An example would be an ECG with interpretation by a Cardiologist. • You want to negotiate a cost per subject to complete a clinical trial, not a cost per test or procedure. • You may use a standard of care test result for clinical research if the protocol allows.

5. Budget Development • Remember you may not bill insurance for a test, device, or service paid for by the Sponsor. • If you anticipate your trial last multiple years, consider adding on a 7% inflation rate to each cost. • All expenses are subject to F&A (Facilities and Administrative Costs) or Indirect Costs (Overhead) of 26% for industry sponsored studies.

7. Budget Development The following site has pricing and coding tools that can assist you in budget development: • https://thepoint.healthcare.uiowa.edu/sites/Compliance/researchbilling Excellent Presentation on why the JOC was developed: • https://thepoint.healthcare.uiowa.edu/sites/Compliance/researchbilling/Shared%20Documents/Res%20Billing_Sept%202014%20presentation.pptx

10. One Time Costs or Invoice Items • Start up fees $ 17,010 • WIRB fees upon invoice • Initial Training-IP Prep + Docs- Per Processor $54.00 • Aseptic Processing, Cell CT + Docs- Per Verifier $54.00 • Refresher training - per processor and verifier $54.00 • CRU room fee for outpatient visits $80.00 • UI Human Subjects Office (HSO) Fee $1,500.00 • CRU Review Fee $573.00 • CRU Order Building $110.00/hr • Training $110.00/hr • Annual Regulatory and Financial Maintenance Fee--After 1st Year $2,000.00 • UI Human Subjects Office (HSO) continuing review Fee $750.00 • Binder fee $400.00 • Monitoring Visits, Per Day $400.00/day • Study Closeout $1,000.00 • Long Term storage fee $500/yr • Audit fee $1000.00/day

11. One Time Costs or Invoice Items • Investigational Drug Pharmacy set-up fee • Investigational Drug Pharmacy annual fee • Advertising for Recruitment Fee (estimated based on study) • Refer to Start Up Fee, Invoice and Financial Expectations sheet for additional items • Be sure to add on the Indirect Cost of 26% on one time costs

12. I-CART • Iowa Catalogue and Research Tracker • I-CART is a web-based tool that allows researcher and teams to: • Budget, • Select and • Order research services. • All in one place! • https://www.icts.uiowa.edu/

24. How to find pricing list

25. Remember • Include all costs • The budget must total the estimated patient costs plus all one-time fees. • All industry sponsored expenses are subject to F&A which is 26%

26. Questions? • Contact me at kimberly-sprenger@uiowa.edu • 319-353-8862 • Always better to ask than to regret it!