Literature DB >> 31489595

Demand for Precision Medicine: A Discrete-Choice Experiment and External Validation Study.

Dean A Regier1,2, David L Veenstra3, Anirban Basu3, Josh J Carlson3.   

Abstract

BACKGROUND: A limited evidence base and lack of clear clinical guidelines challenge healthcare systems' adoption of precision medicine. The effect of these conditions on demand is not understood.
OBJECTIVE: This research estimated the public's preferences and demand for precision medicine outcomes.
METHODS: A discrete-choice experiment survey was conducted with an online sample of the US public who had recent healthcare experience. Statistical analysis was undertaken using an error components mixed logit model. The responsiveness of demand in the context of a changing evidence base was estimated through the price elasticity of demand. External validation was examined using real-world demand for the 21-gene recurrence score assay for breast cancer.
RESULTS: In total, 1124 (of 1849) individuals completed the web-based survey. The most important outcomes were survival gains with statistical uncertainty, cost of testing, and medical expert agreement on changing care based on test results. The value ($US, year 2017 values) for a test where most (vs. few) experts agreed to changing treatment based on test results was $US1100 (95% confidence interval [CI] 916-1286). Respondents were willing to pay $US265 (95% CI 46-486) for a test that could result in greater certainty around life-expectancy gains. The predicted demand of the assay was 9% in 2005 and 66% in 2014, compared with real-world uptake of 7% and 71% (root-mean-square prediction error 0.11). Demand was sensitive to price (1% increase in price resulted in > 1% change in demand) when first introduced and insensitive to price (1% increase in price resulted in < 0.1% change in demand) as the evidence base became established.
CONCLUSIONS: Evidence of external validity was found. Demand was weak and responsive to price in the near term because of uncertainty and an immature evidence base. Clear communication of precision medicine outcomes and uncertainty is crucial in allowing healthcare to align with individual preferences.

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Year:  2020        PMID: 31489595     DOI: 10.1007/s40273-019-00834-0

Source DB:  PubMed          Journal:  Pharmacoeconomics        ISSN: 1170-7690            Impact factor:   4.981


  19 in total

Review 1.  Precision Medicine: From Science To Value.

Authors:  Geoffrey S Ginsburg; Kathryn A Phillips
Journal:  Health Aff (Millwood)       Date:  2018-05       Impact factor: 6.301

2.  Conjoint analysis applications in health--a checklist: a report of the ISPOR Good Research Practices for Conjoint Analysis Task Force.

Authors:  John F P Bridges; A Brett Hauber; Deborah Marshall; Andrew Lloyd; Lisa A Prosser; Dean A Regier; F Reed Johnson; Josephine Mauskopf
Journal:  Value Health       Date:  2011-04-22       Impact factor: 5.725

Review 3.  Reconceptualising the external validity of discrete choice experiments.

Authors:  Emily Lancsar; Joffre Swait
Journal:  Pharmacoeconomics       Date:  2014-10       Impact factor: 4.981

4.  Uncertainty in the Era of Precision Medicine.

Authors:  David J Hunter
Journal:  N Engl J Med       Date:  2016-08-25       Impact factor: 91.245

5.  Precision Medicine, Genome Sequencing, and Improved Population Health.

Authors:  W Gregory Feero; Catherine A Wicklund; David Veenstra
Journal:  JAMA       Date:  2018-05-15       Impact factor: 56.272

6.  US incidence of breast cancer subtypes defined by joint hormone receptor and HER2 status.

Authors:  Nadia Howlader; Sean F Altekruse; Christopher I Li; Vivien W Chen; Christina A Clarke; Lynn A G Ries; Kathleen A Cronin
Journal:  J Natl Cancer Inst       Date:  2014-04-28       Impact factor: 13.506

7.  Paving the road to personalized medicine: recommendations on regulatory, intellectual property and reimbursement challenges.

Authors:  Lori Knowles; Westerly Luth; Tania Bubela
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Review 8.  Valuation of Health and Nonhealth Outcomes from Next-Generation Sequencing: Approaches, Challenges, and Solutions.

Authors:  Dean A Regier; Deirdre Weymann; James Buchanan; Deborah A Marshall; Sarah Wordsworth
Journal:  Value Health       Date:  2018-08-18       Impact factor: 5.725

Review 9.  The current state of implementation science in genomic medicine: opportunities for improvement.

Authors:  Megan C Roberts; Amy E Kennedy; David A Chambers; Muin J Khoury
Journal:  Genet Med       Date:  2017-01-12       Impact factor: 8.822

Review 10.  Implementing genomic medicine in the clinic: the future is here.

Authors:  Teri A Manolio; Rex L Chisholm; Brad Ozenberger; Dan M Roden; Marc S Williams; Richard Wilson; David Bick; Erwin P Bottinger; Murray H Brilliant; Charis Eng; Kelly A Frazer; Bruce Korf; David H Ledbetter; James R Lupski; Clay Marsh; David Mrazek; Michael F Murray; Peter H O'Donnell; Daniel J Rader; Mary V Relling; Alan R Shuldiner; David Valle; Richard Weinshilboum; Eric D Green; Geoffrey S Ginsburg
Journal:  Genet Med       Date:  2013-01-10       Impact factor: 8.822

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  5 in total

1.  A Systematic Review of Discrete Choice Experiments and Conjoint Analysis on Genetic Testing.

Authors:  Semra Ozdemir; Jia Jia Lee; Isha Chaudhry; Remee Rose Quintana Ocampo
Journal:  Patient       Date:  2021-06-04       Impact factor: 3.883

2.  Cost-Effectiveness of Molecularly Guided Treatment in Diffuse Large B-Cell Lymphoma (DLBCL) in Patients under 60.

Authors:  Dean A Regier; Brandon Chan; Sarah Costa; David W Scott; Christian Steidl; Joseph M Connors; Aly Karsan; Marco A Marra; Robert Kridel; Ian Cromwell; Samantha Pollard
Journal:  Cancers (Basel)       Date:  2022-02-12       Impact factor: 6.639

3.  Genomic Testing for Relapsed and Refractory Lymphoid Cancers: Understanding Patient Values.

Authors:  Sarah Costa; Dean A Regier; Adam J N Raymakers; Samantha Pollard
Journal:  Patient       Date:  2021-03       Impact factor: 3.883

4.  Stakeholder Perspectives on Navigating Evidentiary and Decision Uncertainty in Precision Oncology.

Authors:  Samantha Pollard; Jessica Dunne; Sarah Costa; Dean A Regier
Journal:  J Pers Med       Date:  2022-01-01

5.  Toward the diagnosis of rare childhood genetic diseases: what do parents value most?

Authors:  Samantha Pollard; Deirdre Weymann; Jessica Dunne; Fatemeh Mayanloo; John Buckell; James Buchanan; Sarah Wordsworth; Jan M Friedman; Sylvia Stockler-Ipsiroglu; Nick Dragojlovic; Alison M Elliott; Mark Harrison; Larry D Lynd; Dean A Regier
Journal:  Eur J Hum Genet       Date:  2021-04-26       Impact factor: 4.246

  5 in total

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