CAP TODAY Pathology/Laboratory Medicine/Laboratory Management
In all four countries, the use of SelectMDx resulted in quality-adjusted life year gains and cost-savings. In France, SelectMDx resulted in 0.022 QALYs gained at a cost savings of €1,217 per patient. For Germany, the model showed a QALY gain of 0.016 and a cost savings of €442. In Italy, the QALY gain and cost savings were 0.031 and €762. In Spain 0.020 QALYs were gained and €250 costs were saved. The implementation of SelectMDx in the four countries was shown to reduce the number of biopsies for initial diagnosis and prevent unnecessary overtreatment. The potential total cost savings for the health care providers in those EU countries is more than €300 million (approximately $350 million) for each annual cohort under this new standard of care, the company reported.
“These studies are key to drive reimbursement in the respective EU member states. Taken together with previous studies performed in the Netherlands and the United States, these studies show that the use of SelectMDx consistently adds value across multiple populations. Implementation of SelectMDx into the clinical pathway for prostate cancer diagnosis in all the EU countries might potentially result in an overall total health care cost savings of over €1billion,” Jan Groen, PhD, CEO of MDxHealth, said in a press release.