We believe our job is to obtain true productivity and deliver industry best practices for our clients by providing the best value creating net profit impact.
Bannockburn, IL (Vocus) September 11, 2010
Advanced Clinical (AC), a leading provider of clinical research services, announces its value-based partner selection design for clinical research organizations (CRO).
AC’s Strategic Sourcing organization (aka, CRO for other peers) has established a value-based partner selection model to deliver clinical trials at the best net-profit for clients. Rosemarie Truman, Executive Vice President of Advanced Clinical, stated, “Through a proprietary approach of codified assets, tools and associated metrics, we are able to create a solution that delivers the lowest total cost of ownership while ensuring the highest probability of success.” Using defined leading and lagging key performance indicators with associated metrics, AC is able to model all facets of a clinical trial, including the total cost, revenue for the products, and cycle time to determine operating income profit impact. The key categories AC analyzes include:
- Cycle Time
- Cost and Other Resources
- Companion / Dependency Metrics
The CRO value-based partner selection is based on AC’s Industry Leading R&D Performance (ILRDP) framework model, which contains, among other things, known risks for every part of a clinical trial, clinical development, R&D and associated mitigation techniques as well as leading practices within and outside of the Life Sciences industry. AC’s business case model assures value to clients; however, in addition, AC delivers a “One Team” model that creates seamless partnering with clients, and a commercial model that provides optimal value to clients to ensure a win-win situation.
“Many companies look to minimize costs when projecting clinical trial results,” said Leo Sheridan, CEO of Advanced Clinical. “We believe our job is to obtain true productivity and deliver industry best practices for our clients by providing the best value creating net profit impact.”
About Advanced Clinical: Advanced Clinical provides consulting services, strategic sourcing (CRO), talent management, and technology solutions to the Life Sciences industry. With 15+ years of experience, Advanced Clinical is an established presence in the clinical research field, providing services specifically for Pharmaceutical, Biopharmaceutical, Biotechnology and Medical Device organizations. Advanced utilizes a value-based, “One Team” approach. To learn more, visit http://www.advancedclinical.com .
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