Clinical trials are costly, and researchers involved in the process strive to achieve success. Measuring performance can be tricky. You need to use the right metrics to gauge the efficacy and performance of clinical trials. Clinical trial data management solutions have certainly made measuring and using metrics easier for organizations.
Clinical trial sites need to use performance metrics to improve their trials’ efficacy and operational performance. Let’s have a deeper look into clinical trial performance metrics.
What Are Metrics?
Key performance indicators in clinical trials are data points that provide an overview of the efficacy of clinical trials and how well they are performing compared to expectations. Metrics can be used to further strengthen internal processes and improve the relationship with sponsors, who are crucial to the success of these trials. The use of metrics to improve the processes is gaining a lot of focus amongst pharmaceutical companies and others involved in clinical research.
Why Measure Site Performance?
One of the significant benefits of measuring site performance is improving your internal operations, resulting in better clinical trial results. Your relationship with sponsors can boost by understanding the metrics involved. Metrics help you identify areas of improvement and where resource allocations can be changed. Also, they can help you effectively manage workloads to ensure that everyone is working at their maximum capabilities.
Metrics also help to set performance benchmarks that everyone in the organization is required to achieve for growth. You can also argue for additional resources when using quantifiable performance metrics. Metrics allow you to leverage the data to make impactful decisions. However, you need a robust and intelligent electronic data capture system to track performance metrics.
Key Metrics That Should Be Tracked
Many metrics can be tracked to measure operational performance. However, it can be hard for organizations to chalk out a performance metrics plan. Some metrics can help your site to improve site performance and sponsor relationships. One widely used metric is the time between the date the first budget draft is received and the date when the sponsor approves the budget. Long cycle times should prompt investigations as to where the delay occurred, and the actions are taken to reduce the overall cycle time.
Another metric that can be used is the time from IRB submission to approval. If your clinical site is experiencing a delay in getting approved, this metric can be used to inquire about process delays and the actions that can be taken to improve the approval process.
Once you’re able to measure something, you’ll be able to improve it. Assigning performance metrics to processes will ensure the optimum efficacy of your trials. However, you need modern software and technology to help you with KPIs and performance metrics.
Get Started with Clinical Pursuit
If you’re looking for quality clinical trial data management software for efficient data management and KPI reporting, check out the services provided by ClinicalPURSUIT. We are one of the best in providing solutions that automate processes, provide real-time reports, and more. We also have other solutions for randomization and drug supply management. Alternatively, try a free demo of Clinical Pursuit today.