Whether you’re a seasoned clinical veteran or just starting out, a top concern would be the clinical trial software cost you incur. With so many options available in the market, naturally, the cost would differ. But there are different cost considerations that will help you decide on the tentative budget and most practical solution.
Key Considerations for Clinical Trial Software Cost
There are some factors that will help you decide not only the upfront cost but also the ongoing expenses. Here is a list of things that you need to consider.
Initiation Fees
Whether you’re choosing On-Premise or Dedicated SaaS-based systems, it would incur a one-time installation cost. At this time, you need to know the exact services you are getting from the vendor. The price of clinical trial software will vary, so it’s better to ask around and get an idea of what fits your budget.
On the other hand, On-Demand SaaS-based systems usually have very low to zero installation costs as the system is already available. However, there will always be certain fees associated with set up and configuration based on your study design, protocol and CRFs.
Installation
Naturally, you need to integrate the software into your existing work flow and potentially and existing system. This is the time to consider the complexity of the clinical trial software deployment. Ask yourself if you need to hire a systems integration specialist or does your service provider provide you with this option?
During the transition period, do factor in the opportunity costs as it will take some time for the system to come online. To mitigate costs, it is best that you look for a software system with low implementation fees as well as a quick deployment timelines.
Training Costs
You need to consider that it will take training and time for people to get acquainted with the system. You would need to consider training not only your employees but also other vendors. Again, here, you’d need to consider whether the vendor provides training or if you will need to factor in these costs.
It would help to use a software system that is easy to understand and integrate. But irrespective of that, training is an important thing to consider as it may amount to a significant sum.
Maintenance Fees
To ensure the productivity of your team, you need to factor in product support costs. You need to find out what services are included in your system. For example, SaaS-based systems usually have support and maintenance fees included in the monthly fees.
You also need to consider if the vendor is updating the system or when newer versions prop up, which may incur added costs for you.
Integration Costs
The clinical trial software system may need to work in tandem with other systems as well. You need to consider potential integration fees, which may include data connector fees.
Of course, you need to find out if your vendor provides services that manage integration, or will you need to tackle it on your own.
Buy Clinical Trial Software
Clinical Pursuit has been a market leader in providing excellent clinical trial software that is able to integrate into other systems seamlessly. With a proven track record, you can enjoy this whole package at affordable rates.
