If you’re contemplating a Functional Service Provision (FSP) model to enhance your biometric team, understanding successful implementations can offer valuable insights. Here are three in-depth case studies showcasing the versatility and effectiveness of the FSP approach in addressing various needs in biometrics:
Case Study 1: Pharmaceutical Company – Fractional Data Management FSP
Business Need: A small pharmaceutical company faced the challenge of needing fractional data management support across multiple roles without the necessity for full-time hires. These roles included DM project management, traditional data management, and EDC builds, with varying demands month to month.
Solution: Bioforum, known for our ability to craft custom FSP offering, proposed a unique solution. Our suggestion was based on a bank of hours model, allowing flexible allocation of resources to different roles per the company’s evolving needs.
Outcome: The partnership between the small pharma company and Bioforum has been robust and fruitful. Regular communication and collaboration allow for efficient allocation of resources, meeting fluctuating study requirements and timelines. In return, the company has not needed to make full-time hires. This approach not only saves costs but also ensures agile responsiveness to changing project needs.
Case Study 2: Mid-Size Data Management and Statistical Programming FSP
Business Need: A mid-size company aimed to increase their in-house resources for data management and statistical programming, aligning with their strategic objective of reducing project-based outsourcing.
Solution: Bioforum and the company collaborated to define the key skill sets required for each role and mapped the company’s roles to the corresponding Bioforum roles. This strategic and early alignment allowed for immediate placements and seamless integration.
Outcome: The partnership thrived due to a well-defined governance structure that supported ongoing collaboration and communication. This structure enabled effective oversight, decision-making, and issue resolution. Bioforum’s FSP team members became integral parts of their respective departments, contributing significantly to departmental success and earning recognition for their exceptional performance.
Case Study 3: Biotech Specialty FSP
Business Need: A biotech company approached Bioforum with a need for specialized support in a critical area. They sought a solution that offered flexibility and minimized administrative overhead.
Solution: Leveraging its reputation for providing tailored solutions, Bioforum crafted a custom FSP model. This model provided the biotech company with a dedicated team member who could seamlessly integrate into their operations.
Outcome: Bioforum demonstrated exceptional flexibility and adaptability throughout the partnership. Regular check-ins and feedback sessions ensured alignment with the biotech company’s evolving needs. As a result, Bioforum’s FSP model provided the client with a cost-effective and efficient solution, enabling them to focus on their core activities and strategic initiatives. Over time, Bioforum has continued to provide specialized support across a variety of areas, allowing for increased collaboration across the companies.
Conclusion:
These case studies underscore the critical importance of collaboration, customization, and clear communication in successful FSP partnerships. By tailoring FSP models to meet specific business needs, fostering collaborative relationships, and implementing effective governance structures, organizations can unlock significant value, drive operational efficiencies, and achieve strategic objectives. These examples exemplify how FSP can be a transformative solution for enhancing biometric capabilities and driving long-term success in the pharmaceutical and biotech industries.