2022–2023 Walden University Catalog (September 2022) 
    
    Dec 01, 2022  
2022–2023 Walden University Catalog (September 2022)
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CLRA 6220 - Health Economics and Financial Management in Clinical Research Administration♦


(3 sem. cr.)
The medical product research and development process requires individuals who can make informed financial decisions that maximize health benefits, using economic principles and discerning the best allocation of resources for profitability. Students in this course are provided with a foundation for economic evaluation and financial management, with a focus on the development, analysis, and communication of economic and financial data in the context of clinical research. Students explore health economic issues in the global marketplace, and they analyze and describe advantages and disadvantages of conducting clinical global trials, considering issues of enrollment, informed consent, application of Good Clinical Practice (GCP), patient compliance, and data security. In addition, students consider financial management aspects of clinical research, including estimating cost of clinical protocol, deciding whether to outsource, calculating direct clinical costs versus research administrative costs and institutional overhead, and developing and negotiating clinical trial budgets and payment terms with sponsors.
♦ Students may take this as a non-degree course, which means they do not have to be enrolled in a program. Contact an enrollment specialist [1-866-492-5336 (U.S.);1-443-627-7222 (toll)] for more information.



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