Genomic testing enables personalized cancer care, and early detection further improves management. However, despite these benefits, challenges persist, particularly regarding cost. A recent article by MedPage Today highlights this issue.
A national survey of 1,049 oncologists revealed that about half consider insurance and out-of-pocket expenses "very important," while another 30% deem them "somewhat important.”
The article's findings, based on 2017 data, show that while circumstances have evolved over six years, cost discussions remain crucial. Stephen Grubbs, MD, VP of Care Delivery, American Society of Clinical Oncology (ASCO), echoes this sentiment.
Insurance coverage and out-of-pocket expenses significantly influence oncologists' decisions to use genomic testing for treatment.
Liquid biopsies use plasma-based Next Generation Sequencing (NGS). Our innovative approach to cost reduction at Jaxbio will make liquid biopsy more accessible to everyone. With our unique technology we aim to lower testing costs, with a target price of $30, compared to the $3200 cost of 30X Whole Genome Methylation Sequencing.
Link to the article: https://lnkd.in/euB7n8uE
Learn more about Jaxbio: www.jaxbio.com
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