The Economics of Genomic Medicine: Workshop Summary
- ISBN-10
- 0309269733
- ISBN-13
- 9780309269735
- Category
- Medical
- Pages
- 128
- Language
- English
- Published
- 2013-06-20
- Publisher
- National Academies Press
- Authors
- Institute of Medicine, Board on Health Sciences Policy, Roundtable on Translating Genomic-Based Research for Health
Description
The sequencing of the human genome and the identification of links between specific genetic variants and diseases have led to tremendous excitement over the potential of genomics to direct patient treatment toward more effective or less harmful interventions. Still, the use of whole genome sequencing challenges the traditional model of medical care where a test is ordered only when there is a clear indication for its use and a path for downstream clinical action is known. This has created a tension between experts who contend that using this information is premature and those who believe that having such information will empower health care providers and patients to make proactive decisions regarding lifestyle and treatment options. In addition, some stakeholders are concerned that genomic technologies will add costs to the health care system without providing commensurate benefits, and others think that health care costs could be reduced by identifying unnecessary or ineffective treatments. Economic models are frequently used to anticipate the costs and benefits of new health care technologies, policies, and regulations. Economic studies also have been used to examine much more specific issues, such as comparing the outcomes and cost effectiveness of two different drug treatments for the same condition. These kinds of analyses offer more than just predictions of future health care costs. They provide information that is valuable when implementing and using new technologies. Unfortunately, however, these economic assessments are often limited by a lack of data on which to base the examination. This particularly affects health economics, which includes many factors for which current methods are inadequate for assessing, such as personal utility, social utility, and patient preference. To understand better the health economic issues that may arise in the course of integrating genomic data into health care, the Roundtable on Translating Genomic-Based Research for Health hosted a workshop in Washington, DC, on July 17-18, 2012, that brought together economists, regulators, payers, biomedical researchers, patients, providers, and other stakeholders to discuss the many factors that may influence this implementation. The workshop was one of a series that the roundtable has held on this topic, but it was the first focused specifically on economic issues. The Economics of Genomic Medicine summarizes this workshop.
Get the book
Other editions
-
- 2013-07-20
- 129 pages
- Paperback
- National Academies Press
Similar books
-
Health Economics of Genomic Medicine
By Sarah Wordsworth, Dean RegierThis is partly because economic evaluations of genomic technologies often fall outside the remit of health technology assessment (HTA) agencies, such as NICE and PBAC.
-
Economic Evaluation in Genomic and Precision Medicine
... healthcare. The project has twelve wide-ranging pilot studies exploring population health, chronic disease management, oncology, and industrialization of healthcare services, covering disease prevention, diagnosis, treatment, and home care ...
-
Economic Evaluation in Genomic Medicine
By Marc Williams, Vasilios Fragoulakis, Christina MitropoulouThe text can easily be used as course material for related graduate and undergraduate courses, providing a succinct overview of the existing, state-of-the-art application of economic evaluation to genomic healthcare and precision medicine.
-
Genomic Medicine in Emerging Economies: Genomics for Every Nation
By George Patrinos, Catalina Lopez-CorreaIn addition to defining tools, diagnostics, and treatment pathways at the population-wide level for medical geneticists, genomic researchers, and public health workers to apply in their own work, this book offers an essential, case-study ...
-
Genomics and Society: Ethical, Legal, Cultural and Socioeconomic Implications
By Dhavendra Kumar, Ruth ChadwickGenomics and Society; Ethical, Legal-Cultural, and Socioeconomic Implications is the first book to address the vast and thorny web of ELSI topics identified as core priorities of the NHGRI in 2011.
-
Socio-economics of Personalized Medicine in Asia
By Shirley SunIn this book, my goal is to contribute to a growing body of literature on personalized medicine by tracing and analyzing how this field has blossomed in Asia.
-
Economic Dimensions of Personalized and Precision Medicine
By John Rowe, Ernst R. Berndt, Dana P. GoldmanThis volume explores the intersection of the scientific, clinical, and economic factors affecting the development of PPM, including its effects on the drug pipeline, on reimbursement of PPM diagnostics and treatments, and on funding of the ...
-
Genomics and the Reimagining of Personalized Medicine
By Richard TuttonDrawing on insights from work in medical history and sociology, this book analyzes changing meanings of personalized medicine over time, from the rise of biomedicine in the twentieth century, to the emergence of pharmacogenomics and ...
-
Applied Genomics and Public Health
By George P. PatrinosThis book is essential reading for researchers and students exploring applications of genomics to population and public health.
-
Genomics: Global Economics
By John E. Antonopoulos, Iōannēs E. AntōnopoulosAn ideal, a priori system will contain tomorrow's necessary elements, principles, and values. These great advances and the keen global problems dictate Genomics. The book reviews and restates Economics and creates Genomics.