Regenerative medicine is a buzz phrase right now. Patients, providers and politicians are all in favor of "Regenerative Medicine". There are three major components to evaluate when assessing treatment value (TV). Treatment value is directly related to overall efficacy (E) of the drug or procedure and inversely related to cost (C) and risk (R). A simple equation can define it:
TV = E / C x R2
That is Treatment Value = Efficacy divided by Cost times Risk squared.
We need treatments of high value with maximal efficacy that have reasonable costs and minimal risks. When evaluating new potential "Regenerative Medicine Treatments", consider this equation.
Please post any comments or suggestions.