Population Health Research Institute
Central Support

Financial and Contract Services
Services Balancing a Global Budget

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The finance team is responsible for all financial and contractual activities of our studies. The team assists in the preparation and negotiation of budgets and contracts with funders (pharmaceutical companies and granting agencies), national coordination offices, study sites and other vendors. The team manages the overall study budget in three functional currencies (USD, CAD, EURO) which, in addition to the central PHRI operating costs, includes payments to support worldwide study sites, national coordinators and payments related to investigator and study committee meetings. Another function within the department includes formulating required reports to funders, principal investigators and auditors.

PHRI's finance team uses the Investigator Fee System; an in-house developed system that bases payments on the data received from the study sites for payments to study sites and national coordinators. Every quarter, the Finance department processes over 4,000 payments to over 50 countries. To give an idea of the scope of a new study, the department may be required to execute around 700 contracts within a six-to-nine month period to get a project started.

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Population Health Research Institute • Hamilton, Ontario • information@phri.ca