What is Alchemy Trials and what is its role?
Alchemy Trials is a professional clinical research management entity and a nationally operating Site Management Organization (SMO). We are responsible for facilitating, supervising, and overseeing clinical studies within our contracted medical sites.
What is a Site Management Organization (SMO)?
An SMO is an organization that provides the administrative and clinical research staff needed to manage clinical trials at a physician's office or clinic. We act as the bridge between your practice and the study sponsors.
How does the partnership benefit my medical practice?
Partnership allows your practice to participate in advanced medical research, providing a new, low-risk revenue stream while offering patients access to innovative diagnostic technologies.
Will clinical trials disrupt my daily clinic operations?
No, our model is specifically designed for seamless integration into existing medical practices with minimal disruption to routine patient care or clinic operations.
Who performs the protocol-specific tasks and research work?
Alchemy Trials deploys trained on-site clinical research personnel to your clinic to execute the study protocols independently.
How much time is required from the Medical Director or my existing staff?
The Medical Director provides oversight, but the specialized research tasks are handled by Alchemy personnel, requiring very little time from your current medical staff.
How are patients recruited for the studies?
Recruitment occurs through a natural and organic flow from your clinic’s established and existing patient population.
What are the projected earnings for a partner site?
Depending on enrollment volume, total projected compensation for a practice can range between and per 8 to 12-week study cycle.
Are there any upfront costs for the clinic?
There are no upfront costs or capital investments required for a medical practice to become a partner site with Alchemy Trials.
Are the participants compensated for their time?
Yes, study participants typically receive between and for their time and travel-related expenses, which is funded by the study sponsor.
