2019
DOI: 10.1007/s40258-019-00474-7
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A Review of the Challenges of Using Biomedical Big Data for Economic Evaluations of Precision Medicine

Abstract: There is potential value in incorporating biomedical big data (BBD)—observational real-world patient-level genomic and clinical data in multiple sub-populations—into economic evaluations of precision medicine. However, health economists face practical and methodological challenges when using BBD in this context. We conducted a literature review to identify and summarise these challenges. Relevant articles were identified in MEDLINE, EMBASE, EconLit, University of York Centre for Reviews and Dissemination and C… Show more

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Cited by 25 publications
(23 citation statements)
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“…While most applications of HEOR and CEA to precision medicine have focused on pharmacogenomics 37 to assess the value of precision testing to diagnose patients and align them with the appropriate targeted oncologic agent(s), 7 there is still a paucity of published research evaluating which precision patient subgroups can benefit from a particular cost-effective treatment regimen. 6 Some of the reasons are methodological and relate to our core understandings of bias and confounding. Individual treatment effect prediction could be hindered when predictive patient characteristics are also influencing treatment assignment 27 or when the scales for capturing a particular covariate are subject to measurement error, such as in mental health conditions.…”
Section: Discussionmentioning
confidence: 99%
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“…While most applications of HEOR and CEA to precision medicine have focused on pharmacogenomics 37 to assess the value of precision testing to diagnose patients and align them with the appropriate targeted oncologic agent(s), 7 there is still a paucity of published research evaluating which precision patient subgroups can benefit from a particular cost-effective treatment regimen. 6 Some of the reasons are methodological and relate to our core understandings of bias and confounding. Individual treatment effect prediction could be hindered when predictive patient characteristics are also influencing treatment assignment 27 or when the scales for capturing a particular covariate are subject to measurement error, such as in mental health conditions.…”
Section: Discussionmentioning
confidence: 99%
“…6,7 This does not mean, however, that development work is not already being conducted to identify opportunities and foundational frameworks for the application of health economics tools to precision medicine, as suggested by Veenstra et al in Table 1. 7 As the economic evaluation of observational data and generation of real-world evidence will remain an important topic in precision medicine, 7 expert opinion suggests that contemporary advanced predictive algorithms such as machine learning (ML) should be explored as advanced tools for decision-making and cost-effectiveness analysis, 6 consistent with those particular domains outlined in Table 1. For example, when paired with clinical opinion from a health care professional, ML results can produce valuable insights into accelerating clinical workflow and optimizing therapeutic interventions and resource allocation.…”
Section: Heor Applications To Precision Medicine As Per Veenstra Et Amentioning
confidence: 99%
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“…14 These evidence gaps make it difficult to generate clinical practice guidelines and secure reimbursement for many molecular assays and tests, 15 and there is a need to incorporate real-world evidence to assess the effectiveness, value, and equitable use of these tests in clinical settings. [16][17][18][19] There are also challenges to implementing recommended precision medicine technologies in clinical settings and evaluating relevant outcomes. 20 Specifically, although there are clinical guidelines from professional societies about precision medicine, [21][22][23] many health care systems have not widely or comprehensively adopted standardized protocols governing when and how to use recommended genetic, molecular, and protein blood marker tests.…”
Section: Introductionmentioning
confidence: 99%