The JCTO has experienced staff available to provide assistance in budget development and negotiation, including review and negotiation of contract terms related to study payments and invoicing. In addition, the JCTO is responsible for the creation of study accounts and NYP plan codes, invoicing industry sponsors for initial start-up fees and depositing study payments. The JCTO partners with PIs and study teams during the budgeting process to ensure that each clinical trial is optimally funded. All budgets and financial terms related to clinical research are reviewed for accuracy by the JCTO prior to contract execution.
There are several steps involved in the financial management process as illustrated in the above diagram and as described in the subsequent pages.
For finance related inquiries contact JCTOfinance@med.cornell.edu.