IBM Clinical Development Blog

10 Proven Ways to Reduce the Cost of Your Trial

[fa icon='calendar'] Mar 11, 2015 9:00:00 AM / by Amy Young posted in Industry Insights, cost savings, clinical trials, eguide

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The Top Line:

  • Cost reduction measures can be implemented in different phases of a clinical trial and may be direct or indirect in nature.
  • EDC and eClinical platforms offer multiple opportunities to reduce costs and increase efficiency.
  • Thoughtful negotiation and understanding of contract models is essential to avoiding budget overruns.

Trimming study budgets is a good thing, right? Well, yes and no. When you can cut costs without compromising data integrity or accuracy, that's usually a good thing. But when cost cutting is only about saving money no matter what, it can increase frustration, impair quality, damage reputations and end up increasing project costs in the long run.

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