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DaVinci Coders
March 19th, 2013 at 10:08 am

MetaMed – data driven personalized medicine

MetaMed provides “evidence based medicine.”

Going to your usual doctor may not be enough for someone who has a persistent medical problem.  They need to know more than their physician can tell them, and they need to know it soon.  MetaMed is a new company that provides a personalized medical research service.  The company is backed by Peter Theil and Jaan Tallinn.

 

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In an interview with Venture Beat, CEO Michael Vassar aims to improve the U.S. medical system by demonstrating a “product that works better than the system.” By using doctors and researchers who understand statistics and how to evaluate the relative importance of research findings, MetaMed provides a diagnosis, treatment recommendations, and referrals to doctors in their network who can provide the treatments best for a specific patient. MetaMed provides “evidence based medicine” rather than vague suggestions solely based on domain-general knowledge.

For some problems, our health care system doesn’t cut it. 1 out of 3 patients are actually harmed during their hospital stay, and 7% are harmed permanently or even die as a result of medical errors. Autopsies have proven that doctors misdiagnose fatal illnesses as much as 20% of the time. Given all this uncertainty and error, it’s clear that there’s a market for personalized medical advice based on serious research and statistical understanding.

Holding back the implementation of ideal medical treatments is a lack of knowledge. More than half a million medical articles are published annually.

Here are some unfortunate statistics on error in medical care:

* More than half of all patients do not get the recommended care for their condition.
* As many as 98,000 people die in hospitals each year as a result of medical errors that could have been prevented.
* The number of missed major diagnoses has not changed over the past 20-30 years.
* Mis-diagnosis is the leading cause of medical error in outpatient facilities.
40 million patients experience delayed or poor care as a result of missing information, including historical, examinations, tests, and medicationreports.
* There were up to 1.2 million error-induced preventable deaths between 1996 and 2006.
* In the U.S., medical errors are estimated to result in more than one million injuries per year.

The basic package MetaMed offers starts at $5,000, and provides personalized research in seven key areas: the diagnosis, meaning of test results, risks, prognosis, genetic factors, a literature review, and an overview of treatment options. After research is complete, it is presented in a detailed report. The report delves into much deeper detail than we get from the usual, which is a couple minutes of information from a doctor combined with ad hoc internet searching. The linked sample report shows the level of detail to expect.

Photo credit: Venture Beat

Via Next Big Future

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