TrialMaster(R) provides physicians, pharmaceutical companies, research institutions, and contract research organizations with a Web-based data and trial management solution that greatly increases the efficiency, security and integrity of clinical research and thus significantly reduces the time and expense involved in conducting a trial.
TrialMaster transforms the traditional paper-based data processing system into an efficient, auditable computerized system. Real-time access to trial data dramatically increases data visibility allowing trial managers to make important decisions early in the process.
David Ginsberg, CEO of OmniComm(TM), commented to the media, Although relatively few clinical trials are currently done using Electronic Data Capture (EDC), a leading consulting group predicts that by 2003, 60% of trials will utilize EDC, as more and more studies prove out the reduction in development costs and time to market provided by EDC. It is predicted that ‘eEnabled’ operational improvements will eventually (by 2008) reduce clinical trial cycle time and headcount, which will translate into increases in gross profit margin. Since many contract research organizations are struggling to maintain profitability, these figures are significant.
Ginsberg continued, Our TrialMaster system provides the solution that will ‘eEnable’ trial managers, and we are pleased to join forces with e- MedSoft.com in bringing this solution to market.
John F. Andrews, e-MedSoft.com chairman and CEO, added, We are pleased to work with OmniComm to bring our customers the latest available clinical trail management technology. OmniComm’s unique clinical trial application is an exciting new addition to our existing suite of e-health products and services, and provides us a perfect entree into the clinical trial marketplace, as well as another significant revenue stream to the Company. As more and more physician groups incorporate a clinical trial component into their medical practices, it is imperative that we have a solution for them, which makes us the natural choice for providing for their complete e-health needs.
Andrews also said, With the incorporation of TrialMaster into our existing suite of e-health applications, we are able to continue to fulfill our mission of streamlining processes, enhancing communication, improving cash flow, and reducing paperwork in the healthcare industry.
