Clinical Research in Community Hospitals

Transcription

1 Clinical Research in Community Hospitals

2 Execu&ve Summary Overall, clinical research programs are perceived to posi4vely impact the community hospital in many ways: Clinical research programs in community hospitals are generally recognized for their contribu4on to medical science, the opportunity to provide cu=ng- edge medicine to the community and the enhancement of the hospital s image. These programs offer access to leading- edge medicine/treatments for pa4ents in a community that they otherwise would not have access to. They offer the ability to adract and retain high quality physicians who are interested in research. They can create an addi4onal revenue source if the program is set- up and managed efficiently. Expansion of clinical research in community hospitals is strongly advocated, but many added a caveat only for community hospitals of a certain size - those that are able to support the infrastructure required and who have a sufficient volume of pa4ents to sa4sfy enrollment requirements.

3 Execu&ve Summary (cont d) Most clinical research programs at community hospitals typically do not have a significant posi4ve impact on the community hospital s overall financial situa4on. Many programs are currently breaking- even or unprofitable. This is typically due to a lack of resources/staffing, a lack of specific clinical research knowledge and accompanying infrastructure requirements (and/or a lack of understanding around requirements) for a clinical research program. The primary challenges associated with program implementa4on include gaining physician interest, securing financial support, establishing adequate staffing, and ensuring 4mely IRB submissions and review. The primary challenges associated generally with clinical research programs include the lack of resources, insufficient staffing, and the lack of internal clinical research program awareness.

4 Primary Benefits of Clinical Research Programs Percent Men)oning Contribu4on to medical science Opportunity to provide cu=ng- edge therapy to the community 86% 92% Enhances the hospital's image 73% Contribu4on to overall physician sa4sfac4on 63% Allows hospital to have a compe44ve advantage Generates revenue for the hospital Other 4% 49% 47% (Base: Conduct clinical trials at hospital) The primary benefits associated with the conduct of clinical research in a community hospital are the contribu4on to medical science, the opportunity to provide cu=ng- edge therapy to the community, and the enhancement of the hospital s image. Addi4onally, clinical research programs can adract and retain high quality physicians. If set- up properly, clinical research programs can also create an addi4onal revenue source for the hospital.

5 Clinical Research Program s Impact on Hospital Percent Ra)ng 4 or Strong Posi)ve Impact Access to leading edge medicine and innova4ve therapies Overall impact on hospital service quality Overall impact on hospital reputa4on 46% 46% 50% Gaining/maintaining accredida4ons Accelera4on of knowledge in other therapeu4c areas BeDer visibility for hospital in community 29% 29% 33% Improvement in hospital market share Recruitment & reten4on of physicians and staff Overall financial impact on hospital revenues 8% 17% 21% (Base: Community hospital execu:ves) Clinical research programs at community hospitals strongly impact the hospital s overall ability to have access to leading- edge therapies and medicine. Addi4onally, clinical research programs strongly impact hospital service quality and enhance the hospital s overall reputa4on. The clinical research program has the least posi4ve impact on the hospital s revenues.

6 Impact on Ancillary Service Volume 16% No impact on ancillary service volume 4% 4% 22% Increased ancillary service volume by 25% to 50% Increased ancillary service volume by 10% to 25% 53% Increased ancillary service volume by 10% or less Don't Know (Base: Conduct clinical trials at hospital) Over half of respondents did not know what the impact of the clinical research program was on ancillary services. 22% es4mated that the clinical research program increased ancillary service volume by 10% or less.

7 About this Research Study The objec4ve of this study was to learn more about the conduct of clinical research in a community hospital se=ng and gain a beder understanding of the unique benefits and challenges. {Company} commissioned CenterWatch to design and conduct this study. The study was carried out in two phases a quan4ta4ve phase conducted from {Month} through {Month} Based on the insights from the quan4ta4ve phase, a qualita4ve phase was conducted from {Month} through {Month} 2013.