Is personalized medicine worth the cost?

<p>In this episode, we discuss personalized medicine with guest Ketan Desai, a physician-executive. We explore how Henry Ford's mass production method influenced the pharmaceutical industry, and how personalized medicine presents new challenges. CAR T-cell therapy is an example of personalized medicine, but it cannot be mass-produced and is expensive, costing up to $1 million per patient. We examine the pushback against excessive healthcare spending and how the high cost of personalized medicine may lead to a need for balance between innovation and practicality. Join us as we delve into the future implications of personalized medicine.</p> <p><a href="https://www.linkedin.com/in/ketandesaimdphd/" target= "_blank" rel="follow noopener noreferrer" data-wpel-link= "exclude">Ketan Desai</a> is a physician-executive.</p> <p>He shares his story and discusses his KevinMD article, "<a href= "https://www.kevinmd.com/2023/02/can-personalized-medicine-live-up-to-its-hype-in-health-care.html">Can personalized medicine live up to its hype in health care?</a>"</p> <p><a href="https://nuance.com/daxinaction"><img class= "alignnone wp-image-424286 size-medium" src= "https://www.kevinmd.com/wp-content/uploads/NuanceLogo_Horz_k-2-300x62.jpg" alt="" width="300" height="62" /></a></p> <p><em>The Podcast by KevinMD is brought to you by the <a href= "https://nuance.com/daxinaction">Nuance Dragon Ambient eXperience</a>.</em></p> <p><em>With so many demands on their time, physicians today report record levels of burnout. Burnout is caused by many factors, one of which is clinical documentation. Studies indicate physicians spend two hours documenting care for every hour spent with patients.</em></p> <p><em>At Nuance, we are committed to helping physicians do what you love – care for patients – and spend less time on clinical documentation. The <a href="https://nuance.com/daxinaction">Nuance Dragon Ambient eXperience</a>, or DAX for short, is an AI-powered, ambient clinical intelligence solution that automatically captures patient encount