Webinar | June 19, 2019

Standardization Drives Transparency And Optimization Of Contract/Budget Processes In Clinical Trial Startup

Event Overview:

For years, this laborious step has ranked as the lengthiest of study startup activities, and recent data suggest it remains the primary cause of site activation failure1. Some 50.5% of sponsors and 54.3% of contract research organizations (CROs) cite it as the main culprit.

Fundamental to changing this impediment are the growing numbers of forward-thinking organizations who understand the importance of breaking down key benchmarks into their components – the sub-steps – to better identify where bottlenecks might occur.

Measuring these sub-steps is critical to building prediction models that identify processes causing bottlenecks. With a predictive capability, grounded in workflow-based metrics, it becomes possible to condense contract cycle times, presenting a significant opportunity for optimizing clinical trial operations.

As the clinical trials sector continues embracing tools designed to capture contracting and budget cycle time metrics, they can empower intelligence and decision making at the site, sponsor, and CRO levels.

[1] Harper B, Wilkinson M, Lamberti MJ, et al. Tufts CSDD-goBalto Site Selection Market Research (START II). Tufts Center for the Study of Drug Development. June 30, 2017. Available at: https://go.oracle.com/LP=80941?elqCampaignId=203519

Key Learning Objectives:

In this webcast, we will explore:

  • How granular metrics empower business intelligence, process optimization and efficient resource allocation
  • How standardized metrics aid in benchmarking and building predictability models
  • How site selection and engagements can be improved with real-time contracting metrics
  • The importance of using metrics to have stakeholder discussions on the thorny issues associated with delays and bottlenecks

Who Should Attend:

This webcast is applicable to:

  • Sponsor and CRO roles responsible for site identification, feasibility assessment, selection and activation
  • Sponsor and CRO roles responsible for collecting trial documentation
  • Sponsor and CRO roles responsible for clinical trial agreements/site engagements
  • Sponsor and CRO roles responsible for project management of studies and operational excellence
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