Hypha Clinical
Hypha is a clinical trial finance platform that replaces spreadsheets and email threads with a unified system for budgets, invoices, and payments. It enables sponsors, CROs, and site networks to negotiate budgets, track invoices, and manage multi-currency payments with full audit trails. The company also offers fully managed clinical trial finance services for teams that need end-to-end execution.
- Financial Technology
- Healthcare Technology
- Software Only
Funding
Founders
Product
Problem
Clinical trial financial workflows rely on spreadsheets, email threads, and disconnected tools, which slow budget negotiations, cause redundant data entry, and lead to payment errors. Without real-time financial oversight, budget overruns go unnoticed until it is too late to course-correct, delaying site activation and damaging site relationships.
Solution
Hypha provides a unified platform for clinical trial budgets, invoices, and payments, enabling sponsors, CROs, and site networks to negotiate, revise, and approve budgets in one shared space. The system auto-generates invoices from study activity and budget terms, supports multi-currency transactions with holdback tracking, and maintains a complete audit trail for every change. Built-in messaging eliminates email back-and-forth, while status dashboards show paid, approved, and submitted invoices at a glance. For sponsors needing more than software, Hypha offers fully managed clinical trial finance services, where a dedicated team handles everything from budget negotiation through final site payment.
Target Audience
Primary customers are drug sponsors, contract research organizations (CROs), and site networks that need streamlined clinical trial finance operations without relying on manual processes.
Features
- Structured budgets by assessment, visit interval, and milestones with built-in messaging for negotiation
- Auto-generated invoices from study activity and budget terms with multi-currency support and holdback tracking
- Full audit trail for every budget version, amendment, and approval
- Real-time dashboard showing paid, approved, and submitted invoice statuses
- Managed services option where Hypha specialists run end-to-end finance operations, including payment rule definition, pro forma invoice generation, and reconciliation
- Engagement-based pricing scoped per study, with no subscriptions or per-seat fees