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Mike Wilkinson, President & COOThe major cause for delays in clinical trials is the inability to easily identify qualified patients. Patient iP has access to over 16 million patient lives through their electronic medical records, aggregated from over 4,000 physician practices. The company has developed proprietary software—daTAscape—to consolidate, manage and interrogate this data. daTAscape is programmed to process search queries on this data and, using a trials’ inclusion-exclusion criteria, find eligible patients easily and quickly. Wilkinson says this analysis results in a patient and physician listing, that along with their protocol optimization services, can dramatically reduce the time and cost challenges associated with most clinical trials today.
Many pharmaceuticals outsource the process of clinical trials to Contract Research Organizations (CROs), making them and pharmaceutical companies the biggest client base for Patient iP. Traditionally CROs would send out surveys through their physician network, and doctors would estimate of the number of patients—eligible for clinical trials—under their care. Doctors usually do not have the time to manually search their records, thus leading to delays and discrepancies when it comes to actually enrolling patients.
Other data companies in this industry only have access to de-identified data, providing CROs only high-level geographical indicators and not the names and locations of patients and their physicians. Patient iP obtains patient records directly from EMR companies, and after identifying eligible patients, they rely on the physician to re-identify the anonymous data through a unique patient-identifier. This is a win-win situation for everyone as it also enables the doctors to enroll their patients in the latest trials.
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As the company obtains detailed patient information first-hand, they can directly approach doctors and request them to allow eligible patients to join the trial
Patient iP will soon shift its business model from a service to a software-as-a-service (SaaS) model enabling clients to directly utilize their technology. The company further plans to disrupt the industry by establishing some unique partnerships. They envisage a day when patients will be identified first and clinical trials will be designed specifically for them.
Company
Patient iP
Management
Mike Wilkinson, President & COO
Description
A patient data aggregator to help CROs, pharmaceutical companies and government locate the right patients for clinical trials