Existing Functions of Pharmacovigilance System
Pharmacovigilance processes are traditionally highly manual and resource-intensive. Realizing that the constant headcount growth and steep cost increase is unsustainable; PV departments have started implementing several measures to control the growth challenge. This includes leveraging the benefits of outsourcing partners, which aids in managing workload pressures, and contain the headcount growth while delivering scalability. The industry has crossed the mark of 50% with the account of how much of PV is outsourced. Outsourcing comes with finite potential, but the processing still demands the same manual effort.