Steve Wimmer’s insights on the Zelle model are a fresh look & completely transferable to our industry. If you’re into sharp takes, give him a follow for regular #WimmerWit. Back on topic - if we were actually site-centric or patient-focused that Zelle model would work. But since we’re profit focused, it would take a Mike Bloomberg entrepreneurial agnostic fully-funded approach to making clinical research operational seamlessness happen… But who’s that? So, for now, IQVIA’s “One Home for Sites” is out of the gate the forerunner. Regarding a couple of comments I’ve seen, I’ll remind folks that - much more than a CRO - IQVIA IS a tech company. They were forged by the merger of Quintiles (CRO) & IMS (Tech) - they’ve been building their own proprietary tech & and have acquired >300 companies since their inception - many or most being smaller tech companies. However, there’s at least one other who has silently been building behind the scenes yet with full transparency - and I see a number of features that give these competitive advantage. Stay tuned… #techtalk #sitecentricity #patientpriority #sponsorsupport #biotechbooster #vendorvelocity #CROsavvy #cuttingedgeconsults #InvestorInsights #stakeholderstrategies #forerunners #darkhorse #DontSayIDidntTellYou The press release we’re referencing: https://lnkd.in/e7bzAjsb
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Way too early take on the IQVIA "one home" annoucement: It probably will win? I'm not a technologist but it seems like eveyone agrees in concept: we're only going to have MORE tech not less moving forward AND it's already burdensome and out of hand. Most of the people I've heard speak at length think that a vertically integrated single solution is either unlikely or impossible which leaves this sort of universal adapter for tech as the best alternative. If it works. And gets adoption. Being one of the biggest CROs with a great pedigree will give IQVIA a head start in category two, which just leaves the functionality piece up in the air. We're probably not seeing a press release if they're not already confident in the platform's ability to deliver though. I do sort of wish the industry had taken a zelle-like approach though. Did you know that Zelle's parent company Early Warning Services, LLC is actually co-owned by the seven largest banks in the US? This collaborative approach means Zelle covers > 80% of Americans, allowing these stalwart institutions to stay relevant in the rapidly evolving digital payments space. It ALSO allows them to offer certain services for free that other payment platforms like Venmo charge for. If "One Home" is truly aiming to be THE tech-bridging solution, they'll have to convince other CROs to bend the knee - otherwise they can expect a tech knife fight which might lead us right back to where we started: a bunch of CROs all have their own tech-neutral platform that can connect everything - BUT SITES STILL HAVE TO LOG IN TO 7 DIFFERENT ONES. Am I way off?
