Case Study: Regeneris Medical captures over $50K in missed revenue with CRIO

CRIO finance would have Netted over $50k on a single Study

Regeneris Medical, a clinical research site, was growing rapidly but its administrative functions, particularly financial tracking, could not keep up with the increased patient volume on high-enrolling studies. This led to significant revenue being left uninvoiced because their paper-based system made it difficult to accurately track billable procedures. To address this challenge, they implemented the CRIO eSource system, which was integrated with its Finance module.

The CRIO solution automatically tracked invoiceable events in real-time as clinical data was collected, providing complete visibility into receivables. This system captured nearly all missed invoicing opportunities, including procedures for screen-fail patients and unscheduled visits. An audit revealed that Regeneris had nearly missed over $50,000 in revenue on a single study, and the CRIO system would have captured 95% of that amount. By using CRIO, the site now collects more revenue with less administrative effort.

Regeneris Medical

Jill Heinz

Regeneris Medical