In this episode, host Erika Porcelli is joined by Steve Cox, a Senior Consultant at Regulatory Compliance Associates (RCA), to delve into the business strategy of outsourcing surveillance activities in both the medical device and pharmaceutical industries. Outsourcing, not widely recognized as a business strategy until the late 1980s, has evolved into a strategic partnership model that continues to grow in the U.S., driven by numerous key considerations.
Listeners will gain insights into the brief history of outsourcing and its significant impact on the U.S. labor market. The discussion will cover the primary functions of an outsourcing strategy and the common traits these functions share. Erika and Steve will also outline the essential steps and timeline required to outsource a workflow effectively, providing a practical guide for businesses considering this approach.
The episode will examine the pros and cons of outsourcing as a business strategy, helping listeners understand the potential benefits and drawbacks. Additionally, the conversation will touch on potential change paradigms that could arise when implementing an outsourcing strategy, offering foresight into the challenges and opportunities that may come with this transition.
Regulatory considerations are another crucial aspect of the discussion. Erika and Steve will explore how businesses can navigate the complex regulatory landscape while leveraging outsourcing to enhance their operations. This comprehensive overview will equip industry professionals with the knowledge needed to make informed decisions about outsourcing surveillance activities.
To learn more about this topic or to subscribe to the RCA Podcast, click here. Join us for an insightful discussion that sheds light on the strategic advantages and practicalities of outsourcing in the medical device and pharmaceutical industries.