Benefits of an FSP Model - Sponsored Whitepaper

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PharPoint Research, Inc.
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Leveraging Our Knowledge for Your Success...Biostatistics • Data Management • Development Consulting

The Benefits of Employing a Functional Service Provider for Data Management

For years, pharmaceutical and biotechnology companies have employed the strategy of establishing preferred provider relationships in order to streamline the process of outsourcing clinical research studies. Often the preferred provider would provide discounts to their customers based on efficiencies the service provider may realize from working on multiple trials for a single compound or the sponsor organization. Typically the preferred partnerships focused on the selection of one service organization providing all of the functional services for a clinical trial. While there were cost-savings experienced by the sponsor, often the result was that the service provider with the greatest clinical strength received the designation of preferred provider, but then the sponsor was “stuck” with that service provider or additional services from that provider that were not as good.

During the last couple of years, Functional Service Provider (FSP) relationships have increased. In the FSP model, the sponsor organization selects service providers to provide their specialty services, in a similar manner to the preferred provider relationships in the past. The difference between the two is that the FSP model supports selection of individual service providers and not necessarily a “one stop shop” solution by a full service provider. This allows the sponsor to obtain the best service provider from each discipline rather than focusing on one provider to perform all services.

Data Management is one function that nicely fits into the FSP model. Unlike other services that require quite a bit of interaction between the sponsor and service provider (i.e., clinical operations), a quality data management team will be able to initiate the study with efficient team interaction and then work independently throughout the processing phase.
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