EXPANDING PRECISION MEDICINE
Expanding precision in medicine is opening the door to improving outcomes and reducing healthcare costs unlike anything before. The twin goals of more precise diagnoses and more individualized treatments are clearly within reach.
How is it possible to improve patient outcomes in the face of relentless pressure to contain costs? As populations continue to age and advanced therapies continue to grow more expensive, scaling up precision in medicine is a recommended approach that can help healthcare executives to add value, reduce costs and improve clinical results..
The age of precision medicine – tying pinpoint diagnoses to individualized treatment – has already begun. The trick now is to find cost effective ways to scale up this potential game changer so its transformative power can be unleashed on a larger scale.
Doing so requires four things: improving the accuracy of diagnoses, reducing unwarranted variations in diagnosis, personalizing treatment when it can make a difference, and finally, taking advantage of today’s progress in advanced therapy intervention to maximize outcomes.
Achieving these four goals – known as the Four Pillars of Expanding Precision Medicine – is the recipe for enabling healthcare executives to fulfill the promise of implementing precision in medicine and empowering its adoption at scale around the world.
WHY PRECISELY DO WE NEED PRECISION MEDICINE?
The answer is simple: medicine, for all its advances, is still hobbled with inconsistency in both diagnosis and treatment. Although it is a cost problem, this is a human