KANSAS CITY – December 17, 2010

A recent article in the Kansas City Business Journal highlights GuideStar Clinical Trials Management in an article about community hospitals developing clinical research programs.

The article profiles GuideStar® client Liberty Hospital and outlines the benefits of community hospitals conducting research. Some of these benefits include creating a new revenue stream for the hospital and physicians, building relationships with physicians and providing cutting-edge therapies to the community.

Shirley Trainor-Thomas, GuideStar’s Vice President for Business Development, outlines in the article key criteria for hospitals interested in developing a clinical trials program:

  • A good mix of specialties
  • An efficient institutional review board (IRB)
  • Operational and financial compliance policies and procedures
  • Physicians and staff trained to conduct clinical trials
  • Organizational administrative support

When managed properly, revenue generated by clinical trials typically offsets the cost of creating and managing a clinical research service.

“During the past decade, the trend of where clinical research is conducted has shifted from academic medical centers to community health care settings,” Trainor-Thomas notes. “In fact, only about one-third of industry sponsored clinical research is conducted in an academic setting. Community hospitals have an advantage of initiating new trials more quickly, as well as having access to a larger general patient population, which is extremely attractive to sponsors.”

www.bizjournals.com/kansascity

About GuideStar®

GuideStar® Clinical Trials Management is a comprehensive, outsourced clinical research company for health care organizations across the country. It provides “private label” clinical research departments for hospitals, physician practice groups and health care centers. Through GuideStar®, these facilities have a cost-effective means to be at the forefront of clinical trials for the benefit of patients, attractiveness to physicians, and enhancement of their own reputation.

GuideStar® holds in the highest regard the principles governing clinical research. It recognizes the precision of execution, efficiency and operational excellence needed to navigate client partners through the complex, multi-layered processes of FDA compliance and industry regulations. For more information, please visit www.GuideStarClinical.com.