The Cost-Benefit Analysis of a centralized data outsourcing model

centralized data outsourcing modelTo further demonstrate the benefits of a centralized data outsourcing model, CROS NT discusses a cost-benefit analysis of choosing one vendor for all clinical data services. The benefits of a centralized approach include standardized data formats, improved traceability, greater leverage of work from one study to the next and significant cost reduction.

The benefits of the centralized data outsourcing model strategy can be seen in early phase drug development. Presenting a complete data package with full data, programs and TFLs and reports can speed up the due diligence process.

What do Sponsors face when data is not centralized?

Problems Sponsors Face When Data Is Not Centralized Solution: Benefits of Centralized Data
Lack of traceability of information Less risk
Difficult cross product analysis – unexplained conclusions when numerous companies handle data All data in one place: greater efficiency, consistent communications and reporting using common assesssment methods
Slow resolution of regulatory queries Improved response to regulatory obligations
Unfamiliar with Sponsor requirements Increased Value of Intellectual Property
Dispersed clinical data across a program of studies Reduced Costs

Centralizing clinical data services – including biostatistics, data management and medical writing – saves time by creating a global library of databases, shorter learning curves between CRO and Sponsor and easy access to study metrics. Quality is greatly improved through standardization, familiarity with customer processes, formats and templates and communication.

Costs Benefits
Setting up global libraries, programming macros, validation checks Pay one time fee for a CRO to set up these services
Regulatory Submissions and Reporting Standardization reduces time, improves quality
Licensing fees Volume discounts for EDC licensing fees and centralized hosting
Training and HelpDesk Training time reduced, HelpDesk costs minimized when all sites adopt the same ePRO/EDC technology
Resource Utilization Hourly/Daily charges per resource, FTEs billed monthly at lower rates

CROS NT can provide a centralized clinical data solution for biostatistics and programming, data management, medical writing and accompanying technologies. We offer value by maximizing the reuse from previous studies, standardizing data formats, providing a consistent team – all with the objective of enhancing quality and saving up to 40% on cost.