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Last Updated: 09/23/19

Biobank Economic Modeling Tool

The sustainability of biobanks has been recognized as a critical aspect of biobanking. Biospecimens and biospecimen resources are integral to the advancement of basic and clinical research and play an important role in precision medicine. A better understanding of the true costs associated with developing and maintaining a biobank could lead to improved spending practices and more efficient management of biospecimen collections. To support the research community in this effort, BBRB developed the Biobank Economic Modeling Tool (BEMT), which was a publically available web-based financial planning tool for biobanks. BEMT was designed to enhance the understanding of the economic considerations involved in initiating, operating and maintaining a biobank to assist with long term financial planning and cost recovery. While the tool has been retired and is no longer available, the BEMT code has been uploaded to GitHub and can be found here: https://github.com/NCIP/BEMT.

More information about our biobanking sustainability projects can be found in the following publications:

The Biobank Economic Modeling Tool (BEMT): Online Financial Planning to Facilitate Biobank Sustainability

Critical Financial Challenges for Biobanking: Report of a National Cancer Institute Study