ICON executives say technology is a key factor in the $12 billion acquisition. PRA Health Sciences has a mobile health platform that enables patients to participate in clinical trials from their homes.
The contract research organization's announcement came as clinical trial sites anticipate significant disruption due to the pandemic, while the FDA has issued guidelines for running trials virtually.
Transitioning to PDPM models significantly shifted the healthcare industry. By replacing the RUG system, healthcare providers cut waste and more accurately reflect the care each patient received.
CROs and sponsors alike may be to blame for poor clinical trial coordination, but investigators complain about shoddy tech, poor communication and busywork.
Growth in the CRO sector is expected to accompany growth of clinical trials, their complexity and regulatory requirements.