Estimating Cost Savings from Early Cancer Diagnosis
Quantigic® Solutions LLC, 1127 High Ridge Road, #135, Stamford, CT 06905, USA
Free University of Tbilisi, Business School & School of Physics, 240, David Agmashenebeli Alley, 0159 Tbilisi, Georgia
Two29 Consulting LLC, 46 Sewell Avenue, Piscataway, NJ 08854, USA
Centre for Computational Biology, Duke-NUS Medical School, 8 College Road, Singapore 169857, Singapore
Zura Kakushadze, Ph.D., is the President and a Co-Founder of Quantigic® Solutions LLC and a Full Professor in the Business School and the School of Physics at Free University of Tbilisi.
Rakesh Raghubanshi, B.A. is an independent consultant with over 20 years of experience in the field of pharmaceutical research and development and has consulted for such companies as Cordis Corporation (then a Johnson & Johnson company, now a Cardinal Health company), Bayer AG and Ferring Pharmaceuticals.
Willie Yu, Ph.D., is a Research Fellow at Duke-NUS Medical School.
Author to whom correspondence should be addressed.
Received: 18 July 2017 / Revised: 23 August 2017 / Accepted: 30 August 2017 / Published: 4 September 2017
We estimate treatment cost-savings from early cancer diagnosis. For breast, lung, prostate and colorectal cancers and melanoma, which account for more than 50% of new incidences projected in 2017, we combine published cancer treatment cost estimates by stage with incidence rates by stage at diagnosis. We extrapolate to other cancer sites by using estimated national expenditures and incidence rates. A rough estimate for the U.S. national annual treatment cost-savings from early cancer diagnosis is in 11 digits. Using this estimate and cost-neutrality, we also estimate a rough upper bound on the cost of a routine early cancer screening test.
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MDPI and ACS Style
Kakushadze, Z.; Raghubanshi, R.; Yu, W. Estimating Cost Savings from Early Cancer Diagnosis. Data 2017, 2, 30.
Kakushadze Z, Raghubanshi R, Yu W. Estimating Cost Savings from Early Cancer Diagnosis. Data. 2017; 2(3):30.
Kakushadze, Zura; Raghubanshi, Rakesh; Yu, Willie. 2017. "Estimating Cost Savings from Early Cancer Diagnosis." Data 2, no. 3: 30.
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