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I think most people agree that when employees are trained properly... wonderful things happen to an organization. More often than not however – a successful training program typically costs an organization thousands of dollars.

Many companies have a regular training program that involves air tr

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

avel for those employees that live out of state. Flying everyone into town for a week long training session can be very, very expensive. Air travel is just one aspect of the total cost, you also have:

Hotel Stay, Meals, Incidental travel (cab fare, parking, train, etc.,), AND... Removal of emp

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

oyee from field or position (while training - they're not doing their job).

Multiply these costs by 3, 50, or 100 employeees - are your budget can swell. The truth is... you can have a great training program delivered seamlessly online for a fraction of the cost of what it would cost to run it

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

manually (manually meaning - not leveraging technology for help).

Here are 10 significant ways for your organization to save money by implementing and leveraging an elearning management solution.

1. Annual Training Hours – Businesses report that training made available on-line reduces th

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

number of hours employees need to learn over the course of a year;

2. Travel Costs – Reduced or often ELIMINATED because training is available 24/7 anywhere your employees have Internet access;

3. Lost Productivity – Besides the obvious cost of travel (trains, planes and automobiles), lost pro

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

uctivity can also be estimated by;

total employees ? hours spent on travel and training per employee ? average hourly salary = lost productivity, e-learning greatly reduces this loss;

4. Cost of Renting Facilities – The need to rent facilities and bring workers to one location is reduced;

5. C

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ost of Producing/Maintaining Training Materials – is reduced significantly and updating, maintaining and delivering your content is quick and simple;

6. Instructor Costs – A careful blend of instructor-led and system-led training is the perfect balance. Elearning does a better job of putting th

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

learning in the hands of the learners, and eliminating the cost of hiring trainers or instructors... and it makes your instructors more effective;

7. Decreased Learning Time – When your training is delivered by using media rich technology – employees learn quicker. People learn in different wa

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

s. Some learn better by reading, others learn faster by listening and others still learn faster and retain your information longer if they can see and hear your information simultaneously. The bottom line – when you engage their senses – your information becomes “sticky” and your employees lear

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

n faster;

8. 24/7 Library – accessible with any internet connection. Your employees don’t need books or manuals and are not forced to train during the time when they should be most productive –during working hours. With an elearning management solution in place – your program becomes much more

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

flexible by allowing your employees to train on their own time – which won’t interfere with their jobs;

9. Full Measurement and Tracking in Real Time – all tracking is automated, reports are generated instantly and all of your information and progress is available at your fingertips whenever you

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

need it. With an elearning management solution in place – there’s no need to compile monthly reports to management. They’re done automatically;

10. Automatic Scheduling and Delivery – no need to worry about who’s getting the proper training and whether people are being trained when they’re sup

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

posed to. With an elearning management solution – new hire’s are scheduled and their training is delivered automatically... you don’t need to do a thing – it’s all done for you instantly and seamlessly;

Let's Get Into Some Facts.....

According to IDC, when a collection of objective and

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ubjective calculations are included, U.S. firms report savings of 50 to 70 percent when replacing instructor-led training with e-learning. The Conference Board of Canada found that employees said the following about e-learning:
• 83 percent said it increased productivity;
• 82 perce

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

t said it improved job performance;
• 98 percent said it contributed to personal development.

Nucleus Research reports that of all IT investment options in 2002, e-learning had the highest ROI. Benefits of e-Learning included:

• Reduced training costs
• Decreased learning time

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

by an average of 40-60% (* Brandon-Hall -Web-based Training Cookbook)
• Increased speed and retention levels (J.D. Fletcher - Multimedia Review)
• Consistency and frequency of user experience increased
• Key documents and presentation access 24/7
• Accountability, proof of co

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

pletion and outcomes measurement

Why all the good news?? Is there more?

• Content is quickly and easily updated to reflect changes and additions in policies and procedures
• Able to reach geographically dispersed populations quickly with a minimal impact to other business function

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

• Training flexibly that meets the needs and schedules of the learner
• Learners are able to work independently without impacting other learners

Look to the Hidden Intangibles.....

Hidden costs or "intangible" costs from errors that result when employees are not properly or

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

regularly trained can be prevented with the right training frequency plan in place. When a salesperson doesn't close the deal because of a training related issue - what's the cost to you of a lost sale? $100? $20,000? When a medical provider does not complete a claim for payment properly, wha

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

is the cost of correcting that?

Studies show when e-learning is done well, systematically..., your training becomes more effective, you're able to solve problems quickly... and most importantly - employees learn better. E-Learning can be one of the most important investments you make this year

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Productivity during change can be affected positively and negatively by restraining forces and driving forces respectively. Productivity can reach a state of equilibrium between these two opposing forces. However, this balance can be punctuated by a disturbance in one or both of the opposing forces.

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