Performing clinical trials will provide you both personal and financial benefits. You and your clinic will build your reputation for being a leader in clinical medicine. Clinical Trials Services (CTS) reimburses your practice for visits at the highest payer rate. For each clinical trial, CTS will negotiate with the sponsor for reimbursement for all study visits, principal investigators’ responsibilities and time.
Industry sponsors look for new investigators as well as those with experience. Sponsors view highly motivated and committed new investigators with a strong support system very favorably. CTS provides this support system and helps you to develop a good track record.
At the start of a clinical trial, there are some regulatory documents that must be submitted. The clinical trial coordinator will assist in the completion of these documents. CTS and Fairview Research Administration together will collect and review the data, store regulatory documentation and ensure that all studies meet regulatory compliance.
CTS will customize to your clinic’s needs so the time commitment on the part of the investigator and clinic staff will be kept to a minimum. The Clinical Trial Coordinator will assist throughout the entire process, including all other activities related to the clinical trial.
There are drug trials in all therapeutic areas such as cardiovascular, diabetes, oncology, allergy and asthma, etc. The pharmaceutical industry has more than 1,000 compounds in development and spends more than $18 billion for clinical research trials. Investigators and facilities are needed for this research. CTS will present trials in your areas of interest for your review and possible participation.
Study accrual is negotiated with each sponsor. Typically, you are asked to enroll five to 10 patients over a six to nine month period. The typical trial length also varies by sponsor. A trial may last as little as eight weeks or up to 52 weeks with a possible extension.