Discovery Clinical Trials is looking to expand its presence in Texas’ Rio Grande Valley.
The San Antonio-based company works with physician groups to provide a turnkey joint venture to manage clinics’ research departments, providing marketing, legal, financial, recruitment and regulatory services to strengthen and increase physician groups’ clinical research capabilities.
Discovery Clinical Trials currently has partnerships with doctors in Arlington, Austin, Dallas, Mission, and San Antonio, as well as Orlando, Fla. (Click here to see a list of current studies and locations.)
The Rio Grande Valley market, with its large and diverse population, is a natural fit for the company, which has been recognized on the Inc 500|5000 list of the nation’s fastest-growing privately owned companies for the past three years.
Trudy Madan, chief executive officer of Discovery Clinical Trials, notes that research studies can have multiple benefits for physicians and their patients.
“Conducting a research study can supplement a practice’s income as an ancillary revenue opportunity,” she says. “It also offers opportunities for patients to receive additional healthcare at no cost, from study-related medications to lab tests.”
About 2 percent of the U.S. patient population and only 4 percent of physicians get involved with research studies each year, according to the Center for Information and Study on Clinical Research Participation.
Low participation delays the progress of bringing new medications to the market and ultimately make them more expensive, the center reported. In addition, polls show that almost 90 percent of people who take part in studies would be willing to participate again.
Discovery Clinical Trials has formed partnerships for research studies with both specialists and general practitioners. To date, the company has worked with more than 300 physicians and clinics across the nation, on an average of 150 studies a year. (Visit the DCT website for a list of specialties.)
“Our partnerships remove the roadblocks to research,” Madan says. “We have the experience to handle everything from finding the studies to recruiting participants. Our model allows the physicians to focus on the research and their patients.
“We take the hassles out of research.”
To learn more about Synergyst, please visit the Synergyst Research website.