2012
DOI: 10.1126/scitranslmed.3003589
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From Free to Free Market: Cost Recovery in Federally Funded Clinical Research

Abstract: In a climate of increased expectation for the translation of research, academic clinical research units are looking at new ways to streamline their operation and maintain effective translational support services. Clinical research, although undeniably expensive, is an essential step in the translation of any medical breakthrough, and as a result, many academic clinical research units are actively looking to expand their clinical services despite financial pressures. We examine some of the hybrid academic-busin… Show more

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Cited by 5 publications
(4 citation statements)
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“…Industry can also be indifferent to clinical questions that have little commercial value but that may nonetheless improve patients' quality of life or reduce health system expenditures, where clinicians, patients, and healthcare leaders may benefit. Yet, with shrinking research budgets and when cost recovery in federally funded clinical research may be only 40%-50% of total costs, 71 industry can be a pragmatic partner in trials research. Industry can contribute resources-like new biological agents, finances, and trained personnel-to support trial operations.…”
Section: Key Finding 3: a Complex View Of Private Sector Financing Ofmentioning
confidence: 99%
“…Industry can also be indifferent to clinical questions that have little commercial value but that may nonetheless improve patients' quality of life or reduce health system expenditures, where clinicians, patients, and healthcare leaders may benefit. Yet, with shrinking research budgets and when cost recovery in federally funded clinical research may be only 40%-50% of total costs, 71 industry can be a pragmatic partner in trials research. Industry can contribute resources-like new biological agents, finances, and trained personnel-to support trial operations.…”
Section: Key Finding 3: a Complex View Of Private Sector Financing Ofmentioning
confidence: 99%
“…With the ubiquitous funding squeeze across academic research institutions, hybrid academic‐business models are evolving to meet the challenge of providing more and improved clinical research services with little or no increase in federal resources. Moreover, the growing population‐based clinical research portfolio requires a larger and increasingly diverse participant population for successful completion, which means engaging more people from vulnerable groups for whom participation in clinical research represents additional barriers .…”
Section: Implementing a Mobile Clinical Research Teammentioning
confidence: 99%
“…The translational medicine centers require sustained funding for the resources that investigators need to design and conduct high-quality clinical research. One way in which to achieve this is to have well-constructed cost-recovery processes [10]. Resources at most AHCs in the USA were not integrated prior to the CTSA initiative.…”
Section: Why Do Governments Research Institutions and Other Organizamentioning
confidence: 99%