Skyelarke, a health tech company, has announced some significant new additions to SkyePay, a cutting-edge patient payment technology built by and for the clinical research industry.
With the launch of faster payments via Bank Transfer, Virtual cards and PayPal / Venmo integration, on top of the physical card option, SkyePay is providing a greater choice to patients around how they receive their expense or stipend payments related to clinical trial participation.
In addition to increased patient payment choice, SkyePay has also developed an API framework, soon to be released, which will allow IRT, EDC or ePRO integration, streamlining the payment process for patients, whilst reducing burden on Sites.
“Building on our launch in March, we’re thrilled to be furthering our mission by announcing these important enhancements to SkyePay, which will launch later in 2023,” said Phil Staines, Chief Strategy Officer of Skyelarke. “We believe we can only improve patient experiences if we start to eradicate obstacles that are put in their way. Unnecessary financial hardship, time consuming processes, geographical barriers, they all need to be optimized to ensure the patient can participate without burden. Offering a greater number of payment method choices, whilst making our platform accessible to other Clinical Trial Systems, is a step towards this and will make a tangible difference to trial participants and sponsors alike.”
Skyelarke has been built to ensure a patient first ethos, whilst the SkyePay platform significantly reduces the time it takes for patients to get paid, helping to reduce financial burden and subsequent patient dropout rates. Key benefits include:
- For Patients: automated and instantaneous payments, multiple payment methods (bank transfer, card and virtual), reduced financial burden.
- For Sites: simple to use with no training required, ability to make a payment in under two minutes, integrated receipt management, Sponsor / CRO approval process to reduce administration, more time to focus on participant care.
- For Sponsors / CROs: detailed and transparent transaction reporting for reconciliation purposes, fast approval processes, privacy by design with data stored depending on where the study is, reduced burden on sites, increased patient engagement.
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