Healthcare Finance News May 8, 2019
Precision medicine is a disruptive technology that is moving from revolution to evolution into mainstream adoption.
Reimbursement remains a big challenge to the widespread clinical adoption of precision medicine.
“The top challenges facing personalized medicine are reimbursement, reimbursement and reimbursement,” said Alexis Borisy, partner in Third Rock Ventures during a Personalized Medicine Coalition conference in 2016.
The 21st Century Cures Act and the Centers for Medicare and Medicaid Services’ policy, coding and payment changes over the past three years have not lessened Borisy’s statement. Innovation, often seen in spurts, can also be glacially slow.
While the 21st Century Cures Act encourages modernization, there is a lack of a clear regulatory pathway to encourage investment in the field, according to a...
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