The Secrets of Working with a Functional Service Provider: How You Can Realize Greater Value and Higher Quality Work
While the vast majority of the largest pharmaceutical and medical device sponsor companies around the world already rely on functional service providers (FSPs) in some capacity, the usage of FSPs is evolving. Not only is FSP being implemented across additional functions, but many strategic arrangements are pushing more accountability onto the FSP partner. Given this trend, what types of arrangements are possible, and what makes them successful? In this white paper, we'll review the options, reveal sponsors' thoughts on engaging an FSP, share our strategies for a successful partnership and present a case study that illustrates how an FSP partnership can evolve over time and maximize returns.