Clinical Trials initial Budgets for patient recruitment: Phases of Study

Patient optimization, recruitment and retention, a key determinant of the success of a clinical trial, has always been a challenge. It is becoming more challenging with the increased complexity of clinical trial design, stringent eligibility criteria and the trend toward more targeted patient population. Considering importance of patient recruitment & retention in clinical trials to achieve the business objective but surprisingly, many companies do not dedicate any funds to this activity in the initial budgeting process. In fact, many companies do not plan for patient recruitment at all, believing that patient recruitment will happen some companies invest a lump sum to CROs, SMOs or sites and rely on them to recruit patients.

Patient Recruitment and Retention Planning Tool

Points to Consider about Recruitment and Retention While Preparing a Clinical Research Study (Questionnaire for planning Recruitment and retention).

  • Community Engagement
    • Have you identified the communities that you would like to engage?
    • What relationships have you established with communities in order to facilitate your study? What relationships will you need to establish?
    • How will you maintain these relationships?
    • What strategies will you use to engage different communities before and during your study?
    • What efforts has your University/Research Institution made in the past to engage these communities? Are there any ongoing collaborations/partnerships at your institution?
    • What will the participating communities receive in return for their involvement in the study?

Selecting A Right Patient Recruitment Company : The key to Success.

With current global economic uncertainty, intense global competition, aggressive financial targets and reduced R & D budget, drug industry is facing major challenges in achieving their objectives to ensure drug`s successful path through development. The risk may be high if they fail to manage. Hence to overcome such challenges, outsourcing is a powerful option for achieving these operational objectives which can be accomplished by selecting & utilizing right expertise. The pharma, biotech and medical device companies can achieve efficiency, reduce operating cost and time by outsourcing key functions or entire processes to a right partner.