5 Ways Clinical Research can Benefit Your Practice

Community-based physicians bring real-world perspective to clinical trials, resulting in a more patient-centered approach to medical care. This is just one of the many benefits clinical research can bring to your practice and your community. While participating in clinical trials is a significant time commitment, the benefits to practices, patients and physicians themselves are limitless. Here are five ways that clinic research can benefit your practice.

New patients.

There is a prestige and credibility that comes with clinical research that often attracts new patients. Institutions that take part in clinical trials tend to be more well-known and considered more reputable. Patients interested in cutting edge research and treatment will be drawn to your practice.

Superior selection of physicians.

Participation in research trials can influence physicians who are looking for new opportunities. Practices that offer clinical research stand apart from the rest and are more attractive to up-and-coming physicians. Most doctors are very interested in being a part of something fresh and new with modern ideas.

Increased pride and hope.

Many patients take pride in knowing they are helping other patients, while staff is excited to be a part of a practice that is helping to develop the future. Clinical research also offers patients hope. Patients with chronic conditions wanting better lives are willing to try new medications or therapies to do it. When old routines aren’t cutting it, clinical research can boost your patients’ outlook and health.

Early access to advancements.

With clinical research at your practice, you will have earlier insight into new technologies, devices, techniques and medications. Clinical research ensures physicians remain at the forefront of the rapidly changing field of medicine and enable practices to offer the most up-to-date treatments available.

Increased profitability.

While it can be time consuming and risky, if done properly clinical research can greatly improve your practice’s bottom line. According to Medscape.com, a single study can pay $70,000; while doing three or more at once, which is typical, can bring in significant income.

As you can see, clinical trials not only positively impact you, your practice and your patients, but they will provide helpful, long-lasting effects that will constantly influence your community and the world of medicine. Does your practice participate in clinical trials? If so tell us more about it on our Facebook page.

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