“Can I get paid for participating in a study?” This is the most common question people ask Meridian online when considering signing up for a clinical trial.
The answers is yes, you can get paid for study-related time and travel for participating in most clinical trials. While not all studies pay participants, most studies at Meridian pay from $75 to $4,500. The amount is determined by many factors, including, but not limited to:
- The number of in-person visits required
- The number of phone visits required
- Diary entry, or symptom tracking requirements
- Time for study-related exams
- The condition being studied
- The patient/caregiver burden
- The length of the study
- The phase of the study (earlier phase studies typically involve more risk)
Regardless of how easy participation can be, it can still require time and travel, and may involve risk. This is why compensation is provided for most studies at Meridian.
An example of a low-paying study would be an interview-only study in which participants are asked questions, and are not given any investigational treatment. Some studies are conducted to assess how well packaging, or instructions can be understood and followed.
Another example of a low-paying study may be a specimen collection study, in which participants may only be required to give a blood, saliva, or nasal swab sample. These studies may only take a few hours, or less.
Higher paying studies may involve investigational vaccines, medications, medical devices, or tests. A Phase I study for an investigational vaccine will usually pay more than a Phase III study for the same investigational vaccine. This is because Phase I studies are the first to involve human subjects, the potential risks and benefits may not be clear.
Phase I studies may also require more of the participant’s time for visits, diary entries, or in-office exams. Inpatient studies — which require one, or more, overnight stays in a clinic — frequently pay more than outpatient studies, which only require one, or more visits. Most Meridian studies are outpatient studies.
How to Learn About Compensation
Meridian is fully transparent about study requirements and potential compensation — you can ask about compensation during your first phone call with Meridian, or you can ask during your in-office screening.
Compensation will also be covered as part of the informed consent process.