Beef up revenues by conducting clinical trials
Abstract: In 1990, about 5,000 physicians were conducting clinical research. By 2007, that number had increased tenfold, according to the Urology Times. There’s a good reason for the dramatic increase: Many practices are able to earn as much as $250,000 a year from clinical research. Using a practice’s patient base to carry out clinical research can clearly be a major source of new revenue. However, it’s no cakewalk. This article takes a look at what’s involved.