Custom Projects
Verisense Health conducts custom projects for sponsors, leveraging its Digital Health Panel infrastructure. The Digital Health Panel (DHP) adds the custom project to its existing IRB project, provides all the equipment to participants, handles all the data collection, pays the participants incentives to comply with the study protocol, monitors compliance, and transfers the data collected to the sponsor. Because Verisense Health amends its IRB submission for each custom project, it can adjust the standard protocol to meet the needs of the custom project.
Each custom project is unique, and priced separately. There are a number of variables that determine pricing:
Project Setup – including the DHP IRB amendment, consenting and providing equipment to the participants, and providing any training on the study protocol that is needed. The setup charge depends on the number of participants. In the case of Turnkey Studies, where Verisense recruits the participants, there is an additional per participant charge for recruiting. The Project Setup charges must be paid in advance.
Project Management – this charge includes all the work to manage the project, track compliance, pay incentives, support participants, and monitor/address any technical issues. It is based on a monthly per participant charge which is determined by the planned number of recruited participants and the planned duration of each participant. It is assessed ONLY on those participants for whom data is collected – so if data is not collected for any reason, the sponsor is not charged. The total charge each month will equal the number of months of participant data collected times the per participant fee.
Incentive Payments – participants are paid incentives to compensate them for their time and effort in participating in the study. The incentive payments are adjusted for the length of the study and the burden that the protocol will put on the participant. Participants are only paid incentive payments once they complete the tasks. Similar to the project management fee, incentives are billed monthly based on how many participants complete the protocol in that month. It should be noted that there will be a trade-off between compliance and dropout rates and the level of incentive payments. Verisense Health and the Sponsor will discuss the appropriate level for each project.
To discuss a Custom Project, please Contact Us