MAUI, HAWAII – Clinical trial participation can be a moneymaker for a rheumatology practice with some realistic planning and savvy negotiations, according to Dr. Roy Fleischmann and Dr. Alvin Well.
“If you're looking to make a profit, you've got to get a profit,” said Dr. Fleisch-mann. “If I'm getting paid double what I'd get paid for seeing the patient, I have a feeling I'm OK.” That provides a cushion to cover the unexpected, said Dr. Fleischmann of the University of Texas Southwestern Medical Center at Dallas.
Dr. Fleischmann explained, “You've got to figure out what your real charges are,” and that includes allocating a portion of overhead to cover the phone and utility costs incurred because of the project. He said he calculates the average amount of overhead attributable to a patient visit and incorporates that in his cost estimate.
“You do have to think about your time,” as well, in determining the costs of doing a trial, Dr. Fleischmann added. “You have to go to the investigative meeting–it costs you a day. You have to do the site opening–that costs you an hour. You have to fill out the case report form. You have to sign all those lab reports when they come in.”
Once you know your real costs, he recommends negotiating a minimum of 30% profit, which can act as a cushion to protect against unforeseen expenses. “I can guess, in looking at the protocol, what's going to happen if it goes perfectly well,” Dr. Fleischmann said. But things do not usually go perfectly well with resulting amendments to the protocol and deadline extensions, which associated increased expenses.
The key is to have someone other than the rheumatologist negotiate the contract with the company running the research. Dr. Fleischmann has an accountant do it. He or she must be someone you trust “to have the wherewithal to say 'This is what we really need.'” He added, “You're not getting rich on this, but it's a fair value, and they need to understand that.”
Dr. Wells noted that costs and the bottom line cannot be ignored in the decision of whether to participate in a clinical trial. In estimating what he needs to be paid for a study, Dr. Wells, director of the Rheumatology and Immunotherapy Center in Oak Creek, Wisc., explained that he works with his billing staff to see what he is being paid for various patient visits, and then adjusts those numbers upward by 20%.
Dr. Wells, who is not part of a large practice, uses his coordinator to negotiate.
Dr. Wells and Dr. Fleischmann made their remarks at a symposium sponsored by Excellence in Rheumatology Education.
Beyond planning for a profit, physicians should pick their research projects carefully. Dr. Fleischmann noted that it's important to pick studies for which you have the patients. Be realistic about how many patients you can deliver, he added. His own large group practice is participating in two studies involving patients who have not responded to anti-tumor necrosis factor agents. He has committed to providing “1 or 2 patients; we're not going to do 12 of them,” Dr. Fleischmann said.
Although physicians always have the option of advertising for patients to meet recruitment goals, Dr. Fleischman advised against this. Work with patients from your own practice, he urged.
Dr. Wells noted that convincing your patients to be in a trial can be tough. He found it difficult to enroll patients in the current trial of celecoxib (Celebrex). Bad publicity about COX-2 inhibitors and an increased risk for heart attacks and strokes gave patients pause. “Many times the patient will do it because of [their loyalty to] you,” Dr. Wells noted.
Dr. Fleischmann urged audience members to “be your own center” when doing a study. Or join up with a group of physicians with whom you are an equal partner. Avoid going through contract research organizations when doing trials, he urged.
Contracts should include clauses to provide for renegotiation if the company makes a change during a trial. “Sometimes, companies will listen to it, and sometimes companies won't,” he said. “But if you've got the study,” and “you have patients in the study, you actually have a hook.” For instance, your patients can be withdrawn.
Dr. Wells observed that there are bound to be differences in perspective between physicians working in large group practices and those working in solo practices; between someone who has done “tons of clinical trials in a huge research group and somebody who is just essentially starting.”