As the clinical research industry moves towards more advanced metrics, a research evaluation and reporting system can save time and money, while also providing added visibility into the return on your organization’s investments.
Measuring research outcomes is key for any organization working towards a grant, renewal, progress report, or simply measuring ROI internally. As the data requirements for Cancer Center Support Grants (CCSGs), Clinical Translational Science Awards (CTSAs) and other operational metrics have gotten more complex, organizations have struggled to quantify the impact of their research. Because this data is often contained within multiple systems and even multiple departments, the task can be an incredible burden to research leadership that is already spread thin.
Some institutions have implemented systems to store, search and report on their researchers’ accomplishments. These systems can track grants and internal resources, identify what activities are being supported by those resources, and ultimately show the outcomes of these activities. Outcomes include publications, mentor/mentee relationships between investigators and staff, and other success stories from within the organization.
NCI-Designated Cancer Centers
For cancer centers working towards a CCSG or renewal, an evaluation and reporting system can save dozens of hours of data collection and reporting time. Everything from data table 1 and 2 exports to automatic publication pulls to program area tracking can be viewed and reported. Not only does this improve the experience for those involved in the grant process, but a single reporting system ensures that no data is missed or improperly reported. It can also give organizations an ongoing glimpse into their research outcomes at any time, instead of only during the grant submission and renewal periods.
Clinical and Translational Science Institutes (CTSIs)
While reporting requirements for CTSAs may be less rigid than NCI grants, a research evaluation and reporting system can be integral in showcasing an organization’s accomplishments for grant submissions. As NCATS Common Metrics become more defined and complex, these systems can help organizations stay ahead of the curve.
Finally, implementing a research evaluation and reporting system is a great way to measure internal ROI for any institution. While research leadership may focus on the data required for grants and renewals, this information is invaluable no matter where you are in your grant process. Linking your organization’s investments to investigators, grants and publications (just to name a few) can give crucial visibility into the performance of your research team.
To learn how EVAL, Forte’s turnkey research evaluation and reporting system, can help you track and showcase your research, sign up for a demo today!