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Precision in medicine holds a significant potential to increase the value of care. It focuses on achieving a precise diagnosis followed by individualized treatment, while at the same time delivering high and consistent quality of care by reducing variations and costs at scale.
HBR assesses the current status of care and how expanding precision medicine is already delivering high value in various areas. They suggest to expand the approach beyond the more traditional genomic focus and to base it on four pillars:
- Improve diagnostic accuracy
Delivering the right treatment at the right time requires an accurate diagnosis. Making that diagnosis can be a long and complex undertaking, and mistakes along the way are not uncommon. To help physicians make accurate diagnoses at an early stage of disease, they can take advantage of a wide range of advanced technologies that can yield higher quality laboratory and imaging results than were previously available, which in turn can yield rich patient insights at the point of decision. They also can take a more global approach to diagnosing, drawing not just on their own medical training and experience but also on big data in appropriate settings.