Revenue from the Capacity to run more Studies
Although study demand is on the rise, many centers find it challenging to scale beyond current study volume. Manual processes such as printing/scanning/filing, date tracking, project milestone management, and other tasks eat into bandwidth. How much can automation through software help? At Florence, we timed trained personnel across tasks like document annotation, signatures and filing (Florence Healthcare Analysis, 2015). Electronic tools were found to speed these tasks by 40%. We estimate that these time savings affect about 30% overall study tasks, allowing your research team to take on (30% * 40%) = 12% more studies.
12% More Studies
with same resources
Net: A research center managing 50 studies can find capacity through software automation to take on six more with the same staff. At $100,000 per study, this drives over a half-million dollars in additional revenue.
The ROI of an eRegulatory Platform
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