2018
DOI: 10.1080/23808993.2018.1421858
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The economic case for precision medicine

Abstract: Introduction: The advancement of precision medicine into routine clinical practice has been highlighted as an agenda for national and international health care policy. A principle barrier to this advancement is in meeting requirements of the payer or reimbursement agency for health care. This special report aims to explain the economic case for precision medicine, by accounting for the explicit objectives defined by decision-makers responsible for the allocation of limited health care resources. Areas covered:… Show more

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Cited by 72 publications
(52 citation statements)
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References 89 publications
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“…Early consideration of the evidence required by decision makers can improve evidence collection and analysis for precision medicine technologies and services in very early stages of development [ 77 ]. Innovative approaches for evidence generation to facilitate this are currently being developed: new trial designs [ 55 ] and robust statistical methods for analysing observational data [ 78 ] will help fill evidence gaps and improve trial recruitment numbers.…”
Section: Discussionmentioning
confidence: 99%
“…Early consideration of the evidence required by decision makers can improve evidence collection and analysis for precision medicine technologies and services in very early stages of development [ 77 ]. Innovative approaches for evidence generation to facilitate this are currently being developed: new trial designs [ 55 ] and robust statistical methods for analysing observational data [ 78 ] will help fill evidence gaps and improve trial recruitment numbers.…”
Section: Discussionmentioning
confidence: 99%
“…Based on this profile there is convincing evidence that biomarkers, pharmacogenetic tests and specific targeted therapy significantly reduce visits to the emergency room and the requirement for hospitalized care. 31 , 32 In the same way, the improvement in quality of life has a transcendental effect on the therapeutic course of infrequent diseases with limited alternative therapies that have not been very effective up until now. This is particularly the case in developing nations, where access to targeted therapies is not widespread, possibly due to economic conditions, limitations on coverage, and physical accessibility.…”
Section: The Importance Of Precision Medicine In Countries With Limitmentioning
confidence: 99%
“…The application of precision medicine to cardiovascular diseases, as in many other diseases linked to high mortality risk in the population, holds the promise of improving health as well as revolutionizing prevention and treatment options, similar to what has occurred in the field of oncology. The clinical translation and application of precision medicine can be achieved by developing the personalized treatment of patients based on the premise that prevention is better than treating [16]. Furthermore, we also want to outline the difference between personalized medicine (PeM) and precision medicine (PM) into managing these complex chronic disorders by demonstrating the potential benefits of precision medicine novel technologies demonstrated to date in order to offer insights into routine clinical practice.…”
Section: Introductionmentioning
confidence: 99%