How can you use the Clinical Trial Risk Tool to create a per-subject budget from a protocol or synopsis and a site Charge Master? The video below walks you through how the Clinical Trial Risk Tool by Fast Data Science can accelerate your budgeting.
The Clinical Trial Risk Tool streamlines the creation of a per-subject budget by automating the typically manual process of extracting data from the Study Protocol and cross-referencing it with Charge Master/Fee Schedules.
The tool focuses on the Schedule of Events table within the study protocol. This table is critical because it lists every procedure and assessment (Y-axis) and specifies the visit (X-axis) at which each will take place (often marked with an “X”). The tool pulls out this table data from the PDF protocol, overcoming the need for manual transcription.
Once the procedures and the relevant visits are identified, the tool uses the Charge Master/Schedule of Procedure Fees which the user has selected. The Charge Master contains the local codes and costs for various procedures. The tool cross-references the procedures identified in the Schedule of Events with their associated costs in the Charge Master, using generative AI (vector similarity).
By matching the required study procedures with their local costs, the tool can fill out an itemised budget (e.g., cost of vital signs, lab procedures, blood draws, etc.) for each patient visit, ultimately compiling the total per-subject budget.
You can also check out our recent White Paper.
How does the tool work? https://clinicaltrialrisk.org/clinical-trial-protocol-software/create-clinical-trial-budget-from-synopsis/
More about Fast Data Science: https://fastdatascience.com/
You may have been tasked with creating a clinical trial site budget. This is a budget itemising all the costs that will be incurred at the study site. The site budget may be needed To estimate the total cost of that site running part of the trial, as part of a bid to the CRO or sponsor To identify who needs to be reimbursed for each cost item To ascertain whether or not it is feasible to run the trial at that site To ensure that the site is reimbursed for the costs that they incur while running the trial If you are building a site budget, the most important document is the study protocol.
Fast Data Science are pleased to announce that the Clinical Trial Risk Tool, has been accepted as a supplier on the UK Government’s G-Cloud 15 framework. The G-Cloud 15 framework allows public sector bodies to buy cloud-based computing services such as AI, hosting, software and support directly without lengthy, costly traditional tender processes. What does the Clinical Trial Risk Tool do? The Clinical Trial Risk Tool helps users to analyse clinical trial protocols and documents.
Estimating the total cost of a clinical trial before it runs is challenging. Public data on past trial costs can be hard to come by, as many companies guard this information carefully. Trials in high income countries and low and middle income countries have very different costs. Upload your clinical trial protocol and create a cost benchmark with AI Protocol to cost benchmark The Clinical Trial Risk Tool uses AI and Natural Language Processing (NLP) to estimate the cost of a trial using the information contained in the clinical trial protocol.
