In the first part of this video interview, Jim Murphy, CEO of Greenphire touches on how changing trends in enrollment are creating obstacles with modeling costs.
ACT: What are some challenges that stakeholders are currently seeing with budgeting and analytics in their trials?
Murphy: Well, the budgeting process has got a lot of different challenges to it, particularly in the area of patient related spending because there isn't really great data as reference to drive those planning decisions. Everybody starts with an idea of a draft protocol and then models out their expected costs and whatnot, but in patient-specific spend, this concept of patient travel reimbursements for out of pocket expenses and stipends as applicable—it's really hard to know because there's no reference data, so people are called on to just use what they used on the last study and that is generally bad because the conditions of enrollment are changing dramatically, and people are traveling further and then there's inflationary pressures on top of that, which makes it so much more complicated. Meal expenses have increased 30 to 45% depending on geography around the world over the last few years.
The bottom line is startup is always an urgent process, it moves quickly, everybody's trying to get everything done very quickly. There isn't a whole lot of time for people to seriously ponder the implications of patient-related support on the overall cost of the budget. As a result, it sometimes gets incorporated either as an afterthought or as a one size fits all approach which is not applicable or not effective and you end up having to come back and do changes—changes in services being brought in, changes of informed consent to amend it for different conditions. Ultimately, they say a stitch in time saves nine—if you really want to go quickly, you have to spend the time to think about the population and be able to have some reference insight to be able to guide good decisions on how you set things up from the start.
Improving Relationships and Diversifying the Site Selection Process
April 17th 2025In this episode of the Applied Clinical Trials Podcast, Liz Beatty, co-founder and chief strategy officer, Inato, discusses a number of topics around site engagement including community-based sites, the role of technology in improving site/sponsor relationships, how increased operational costs are impacting the industry, and more.
Funding Cuts Threaten Diversity in Clinical Research
June 27th 2025In this video interview, Kyle McAllister, co-founder, CEO, Trially, discusses how recent federal funding cuts are likely to undermine research focused on underrepresented populations, and why long-term investment in community-based studies is essential to closing persistent health equity gaps.
Reaching Diverse Patient Populations With Personalized Treatment Methods
January 20th 2025Daejin Abidoye, head of solid tumors, oncology development, AbbVie, discusses a number of topics around diversity in clinical research including industry’s greatest challenges in reaching diverse patient populations, personalized treatment methods, recruitment strategies, and more.
Beyond the Molecule: How Human-Centered Design Unlocks AI's Promise in Pharma
June 23rd 2025How human-centered AI that is focused on customer, user, and employee experience can drive real transformation in clinical trials and beyond by aligning intelligent technologies with the people who use them.
2025 DIA Annual Meeting: Why AI and Automation Are Set to Become the New Normal in Clinical Research
June 20th 2025Peter Ronco, CEO, Emmes, shares his long-term vision for artificial intelligence in clinical research, from making automation routine to improving drug discovery, transforming regulatory oversight, reducing animal testing, and promoting ethical, equitable data use worldwide.