Memorandum
To: Ray D'Alonzo
From: Nikita Patel
Date: June 23,2014
Subject: Re: Reflective Analysis – P&G Data
Capture and Clinical Trial Management
This memorandum is with regard to the meeting held
last Tuesday with the consulting team ‘American “A” Experts’. I believe the
consulting team provided some thoughtful insights with regard to
implementation of Electronic Data Capture, which can be utilized in
arriving at our final decision to solve the three issues we are facing - trial
preparation process, data collection & verification and data management
& review which will ultimately lead us to a sustainable growth in the health care
segment.
After careful analysis of the preparatory notes we had
prior to the consultant meeting along with the presentation & data provided
by consultants, I see that the consultants discussed most of the benefits of
EDC which leads me to consider my initial judgment of moving forward
to implement EDC into our system. This is based upon the fact that the virtual
world is going to change the future of businesses around the world. P&G
should use this opportunity for adapting to new technology and
embrace the technical tools available in the market to its capabilities. In
addition, the EDC trials were highly successful and proved the system reduces
the errors and inaccuracies of human data entry and completely eliminates the
double-entry system. During the trial of the EDC, the duration of time
from the final patient visit to data-lock improved from eight weeks to a mere
four weeks. There was also an improved quality of patient data, since errors
were being corrected throughout the process.
Also as presented by the consultants in the total
weight analysis slide, it proves that of the maximum weighted sum of 123 that
can be achieved on the various criterion, the EDC alternative provides a sum
total weight of 108 whereas the other 2 alternatives gives a weighted sum of
only 81 & 90 on the various criterion. The estimated improvement in the clinical trial phases,
particularly in phase 3 shows that the number of years could be
considerably reduced from 3.5 to 1.5 which will be a significant achievement for our
company compared to other firms operating in the healthcare industry. We could
save $ 211,600 per trial as shown in the estimated saving slide which surely is
a plus point in considering this decision. The analysis shows that the
savings from CRA monitoring visit itself will be $ 180,000 which is
considerable as the CRA can then be involved in other productive work thereby
reducing the intake of hiring new employees. It is impressive to see the total
savings for P&G if EDC is implemented.
Considering the above facts in reducing the length of
time in our clinical trials and achieve cost savings in future, I believe it
is worth taking the risk to invest in the implementation of EDC. Improving our
current paper-based system is worth discussing in greater detail, while we
should rule out the alternative of digital imaging due to the
massive investment costs of storage space. EDC seems to be an ideal
alternative that addresses the problem and the symptoms we face currently; the
other two alternatives seem to address only the symptoms. Once the sites and
sponsors are well versed in the EDC system, the entire process will be more
efficient and effective.
If you have any further questions, please do not hesitate to contact me.
If you have any further questions, please do not hesitate to contact me.
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