Assigning value to medical algorithms: implications for personalized medicine

Personalized Medicine
John Hornberger

Abstract

Genomic algorithms are typically multiple variable, mathematical equations that assign a score or probability to an event of clinical interest. Debate about the valuation of multianalyte algorithm assays highlights the gaps in best practices for valuing technologies. Decisions about valuation are partly about resolving scientific uncertainty, but also involve issues of social norms and political processes. More transparent discussion and understanding of beliefs about the valuation of algorithms would help reduce uncertainty and drive optimal investment in development and adoption of algorithms that improve social welfare; that is, affordably improving population health. Techniques have been evolving for greater public participation and engagement in such deliberations, which are to be encouraged in determining the valuation of genomic algorithms.

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May 8, 2014·Current Medical Research and Opinion·Steven N MichalopoulosUNKNOWN PRO-ACT Study Group

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BETA
nuclear magnetic resonance
amputations

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