BIOCLINICA SITE & PATIENT PAYMENTS

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1 BIOCLINICA SITE & PATIENT PAYMENTS Improve cash management and financial risk mitigation as well as site payment transparency, control and accuracy, while reducing payment-related workload and costs, with Bioclinica s Site & Patient Payments platform.

2 BIOCLINICA SIMPLIFIES AND STREAMLINES TRIAL-RELATED SITE & PATIENT PAYMENTS Traditional attempts for the financial management of clinical trials burden sponsors, CROs and sites. As studies continue to grow in complexity, with globalization, more complex protocols and adaptive designs, it has become increasingly challenging to efficiently manage site payments. This is especially true with the ongoing use of outdated financial management tools, such as Excel spreadsheets and siloed tools and systems.

3 Let us free up your resources to focus on the important tasks of clinical research. We enable transformational improvements in speed, accuracy and transparency across the entire clinical financial lifecycle. 3

4 SITE PAYMENTS Gain Centralized Control, Increased Transparency and Site Satisfaction through SaaS Technology Improve Operational Efficiency» Reduce administrative resource requirements» Reduce the number of errors per payment» Provide just-in-time funding for better cash flow management Support Compliance» Generate reports for the Sunshine Act through one system» Support GAAP standards» Meet regulatory reporting needs Mitigate Risk» Reduce time reconciling payments» Manage accruals accurately in real-time» Reduce escrow needed for grants

5 WE OFFER THE INDUSTRY S ONLY INTEGRATED PLATFORM A mid-market CRO used the integrated Site & Patient Payments platform for an estimated 84% time savings in validating payments for accuracy. Patient Payments Site Payments Budgets Payment Portal 5

6 SITE PAYMENTS Reduce overhead and time typically associated with the financial aspect of clinical trials with enhanced visibility and real-time transparency through a single, centralized, web-based database that can support a single study or full enterprise. ALTER YOUR FINANCIAL MANAGEMENT PARADIGM WITH:» Scalable and configurable technology» Data integration with other systems (e.g., EDC, ERP, IRT)» Automated payment triggers based on completion of subject procedures and visits in external systems (e.g., EDC, CTMS, IRT)» Just-in-time funding» Change management for contract or protocol amendments» Automated accruals» Invoice management» Real-time reconciliation of data changes in the source system» Flexible payment terms and frequency» Real-time foreign exchange rates

7 In a sponosor study with 628 sites in 9 countries INCORRECT payments made to sites 90% using SPREADSHEET-BASED PAYMENTS 1% using BIOCLINICA S SITE PAYMENTS 7

8 SITE PAYMENTS BUSINESS PROCESS OUTSOURCING (BPO) Our BPO service provides complete study onboarding as well as management and maintenance of We bring you more than payment technology. We bring you a COMPREHENSIVE SOLUTION. investigator site payment services, enabled through Site Payments technology.» Extensive global clinical trial financial expertise and dedicated resources» Single-study or enterprise Site Payments technology at the core of the service» Contractual payment terms and negotiation consulting» Comprehensive management of invoices and payment processing» Financial management support from study start-up to study close-out

9 Bioclinica s payments tools help sponsors and CROs efficiently and frequently assess trial expense needs based on activities, such as site and subject enrollment. This fosters collaborative, more accurate financial reporting, to help speed valuable new drug products to market. BUDGETS Achieve accurate reporting & reduce variances PATIENT PAYMENTS Streamline and globalize patient payments This real-time, automated service provides payments directly to subjects, through pre-paid debit cards that can be used to make purchases at any merchant accepting VISA. These payments are tied directly to patient visits and can be provided in various currencies at variable or fixed funding limits. Ultimately, this reduces costs and transactional fees. 9

10 PAYMENT PORTAL Take advantage of real-time site financial transparency The secure dashboard provides site networks, payees and sites a real-time overview of relevant payment-related data for each participating investigative site in the study.» Visibility into current and historic payment activity and details by study for authorized payee and site users» Alignment between site performance and financial compensation» Ability to submit invoices for payment

11 INVOICE ESTIMATED ACTUAL THE BIOCLINICA SITE & PATIENT PAYMENTS ADVANTAGE NO MORE DUPLICATING INVOICES REDUCED MANUAL LABOR FASTER PAYMENTS MORE ACCURATE BUDGETS & PAYMENTS INVOICE $ VISIBILITY INTO YOUR STUDY INCREASED SITE & INVESTIGATOR SATISFACTION COMPLY WITH SUNSHINE ACT & SOX ON-DEMAND REFORECASTING SOX EXPENSES TRIAL DURATION The Site & Patient Payments integrated platform enables companies to achieve transformational improvements in speed, accuracy and transparency across the entire clinical financial lifecycle. Improved visibility, customizable approvals, flexible payment terms, enhanced financial reporting and dedicated resources help sponsors with cash management, with risk mitigation and to recruit and retain high-performing sites based on timely, accurate payments. 11

12 Ready to bring clarity to your clinical trial? Visit bioclinica.com. bioclinica.com/contact V1JUN2018 MIT_1005