Return On Investment

Our customers note that using the Clinical Force CTMS benefits them in a number of ways:

  • Improved relationships with investigators due to improved communications via the portal.
  • Enhanced sponsor perception of the CRO as result of timely, accurate reporting and access via the sponsor portal.
  • Better visibility of study data, leading to quicker decisions and less wasted time provide status information, further enhanced by daily feeds from EDC into the CTMS.
  • Clinical Operations note that staff job satisfaction and efficiency improve as a result of using the monitoring reports and the payments module.

Naturally, these benefits will in time translate to improved revenues, reduced costs and improved relationships with customers, investigators and staff

What can a Sponsor expect?

Having a central dashboard of all study information, including EDC feeds from studies, provides a uniform view of therapeutic areas, programs and studies for the entire clinical team. This in time translates into better decision making, improved staff utilization and improve time to market.

The payments module can save costs: Using the CTMS in house will save 1/2 to 4 full time equivalent staff on a Phase III study.

Consider bringing outsourced payments in house:

  • Outsourced payments typically cost from $60k (phase II) to $720k (Phase III) studies
  • Doing these in house with the CTMS would cost $16k (Phase II) to $192k (Phase III),
  • Generating savings of between $44k and $528k per study.

CROs can expect benefits and savings

As a service provider, a CRO will naturally be focused on business development, resource utilization and cost optimization. Here are a few aspects of the CTMS that will benefit a CRO.

Monitoring reports:

  • Improved review turn around and hence better submission performance
  • With the offline client, improved resource utilization
  • Labor saving of at least 2h per report = $2250 per month per CRA

Invoices and Payments:

  • Ability to do payments and invoices at any point (the system automatically tracks costs)
  • Labor saving of 0.15-0.5 full time equivalent
  • This results in cost savings, cash flow predictability and improved accuracy.

Status tracking and reporting (internally and via portals)

  • Internally, the whole clinical team is viewing the same data, improving communication and resource utilization
  • Reporting to sponsors can be real time and self-service via the sponsor portal.
  • The investigator portal can allow the investigators to update subject information (visits, procedures) and certainly provides status of work done and payments received. This not only save labor for the CRO but improves relations with the sites and investigators.

Summary

The Clinical Force CTMS is cost effective, quick to install and easy to use. The CTMS saves our customers money and improves the perception they enjoy with investigators, and in the case of our CRO customers, with the sponsors that they serve.

Read further about the solution and modules or Sign up for a webinar to learn more or contact us for a free demo.

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