How A Clinical research coordinator certification Can Own Their Own Clinic?

Posted by kazi asif mahmud on March 26th, 2020

One of the most common questions I get is as a clinical research coordinator certification with experience can own a clinical trial site. I've done many videos on this subject, but here is a brief overview. If you need additional information, check out the videos that I like that the end of this blog entry.

You will need an LLC or some other entity to protect him. I have the right client now who is not using any entity, but only a DBA, a fictitious business name, and everything is running through your social security number. That's a quick way to start and not have to pay a fee corporation.

If you are looking to reduce costs, finding physicians with their own private practice and sell them on the idea of ​​clinical research. exceptional sales skills are extremely important. Many coordinators of the study are not good for sale; It is a unique combination of having a good coordinator of the study has good salesmanship as well. If you are not a good seller, you have to develop that skill. This is a very important skill to have because you're going to have to convince doctors that they should work with you and allow you to do research with them. You will have to convince them that you will be able to create additional income if you are associated with. If you are able to get doctors to work with you, an arrangement can be made to reduce their initial costs. For example, instead of paying rent, you can pay the doctor's office a larger percentage of the gross proceeds of the studies obtained once payment is received by Sponsor. Another advantage when working with doctors is that they can also recruit patients for study.

As for van licenses, consult state and local laws. You will definitely need some type of CLIA waiver. If partner with physicians who already have all these licenses required.

Now, since you are a coordinator of the study, you do not have to hire someone else and have another salary as an extra expense. He will work essentially by itself without payment. It is important that you are able to work and salary for at the least 6 months (I'm being optimistic) and maybe even up to 1 year. A not having income will be very difficult, so it is important to make sure it can support the start-up period.

As for equipment, you do not need much to start. At a minimum, you should have an examination table, ECG machine, centrifuge, scale, etc. Again, if you partner with a doctor, it is very likely that these items are already available to you. Check out this infographic minimum requirements necessary equipment.

Finally, make a clear and honest assessment of yourself and your skills (especially salesmanship) and their ability to work without a paycheck of about 6 months to 1 year. Assess yourself and contact me when you are ready to become owner of a clinical site, my research sites consulting firms help to take off and running!

Mention Co-Founder: Amareen Dhaliwal