Be on the Cutting-Edge with Clinical Research
"It widens treatment options for patients, it sends a clear message to the community that your practice is on the edge of what's new in clinical practice, and it frequently can provide free medical care to patients who otherwise would have difficulty keeping up with the cost," says Denys, medical director of clinical research for the Cardiovascular Institute of the South in Thibodaux, La.
Revenue
Done well, clinical research can produce margins that rival those from patient care. According to CenterWatch, a Boston-based publishing company that tracks the clinical trial industry, the average study brings in about $58,000 in revenue, with net income as high as 40%.