Direct Disbursement

• Greenphire is a reloadable debit card. When the first payment is loaded, the card is activated, and the money is available to the participant.

Reduction in Administrative Time

• Quicker and safer way to pay.
• No paperwork/supplier invoices/petty cash.
• Fewer “hands” involved to process a payment.

Central Accounting and Tax Reporting

• All activity in Greenphire is recorded.
• There is an Audit History of all payments for each subject, which you can print if necessary.
• Accounts Payable funds Greenphire, and each month a journal entry is created charging studies/departments for any payments or reimbursements issued in the previous month.
• Compliance: 1099 issued to any subject who collects $600 or more during a calendar year.

Retention

• Participants get paid faster which makes them happy, and they’re more likely to return for the study.
• Participant reimbursement for out of pocket expenses is loaded directly onto the payment card.

Messaging

• Patients receive a text when a payment has been loaded on their card.
• You can remind patients of upcoming appointments via email and/or text.

Progress Reporting

• Real-time reporting of payments and expenses.
• You can view payments per study or per subject.
• ‘Study Budget Report’: shows budget, how much has been spent, and how much remains.
• You always “know your numbers.”