Article | March 14, 2012

Conflict Of Interest Solutions That Meet NIH Guidelines

Source: Osprey Software Solutions

The business processes and administrative procedures at healthcare organizations are tightly controlled and regulated. Yet the information technology systems that run these organizations are used by a wide variety of professionals whose attention is more focused on good medicine and research.

Conflict of interest (COI) compliance is a complex discipline with many moving parts. In large organizations, with many projects and research professionals, the process can be daunting. Manual compliance processes are time and resource intensive and woefully inadequate for managing COI compliance in medical research, leaving organizations with substantial risk and liability exposure. With new regulations from the NIH coming August 24th, companies have to adjust accordingly to keep up with their compliance efforts.

To address this problem, institutions are moving over to web-based compliance management systems to take the place of existing paper-based manual methods.

They are designed to:

  • Reduce risk
  • Reduce cost
  • Save time
  • Increase productivity

As research projects continue to grow and COI compliance becomes increasingly complex, more and more institutions will be trading up the paper process in favor of web-based solutions to streamline the management process.

Organizations need a solution is easy to use and can:

  • Automate their manual paper process
  • Track, manage and resolve conflicts
  • Meet the new NIH COI guidelines
  • Achieve Compliance
  • Be easily customized to meet their objectives
  • Generate advanced reports
  • Interactively guide participants to answer relevant questions within a questionnaire
  • Give the ability to access complete audit trails of disclosures
  • Have instant visibility through compliance dashboards

In conclusion, now is the perfect time to streamline your current COI process and look to utilize the COI RiskManager software. A COI solution allows compliance with regulations, reduces risk, and substantially lowers costs associated with traditional paper-based processes.