NASHUA, N.H., Dec. 07, 2017 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ:ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced the results of a landmark study that showed the benefits of adjunct intraoperative radiation therapy (IORT) compared to external beam radiation therapy (EBRT) in the treatment of early-stage breast cancer. The analysis demonstrated that IORT could result in direct cost savings for the U.S. healthcare system of more than $630 million over the lifetime of patients diagnosed annually with early-stage breast cancer, as well as significantly benefit patient health by minimizing radiation exposure and offering a better quality of life. The results of the study, which were originally published in the peer-reviewed Cost Effectiveness and Resource Allocation, determined IORT to be the preferred method of treatment.
“IORT offers a tremendous value to women diagnosed with early-stage breast cancer by providing an important treatment option with significant advantages, including reduced risk of side effects related to radiation exposure when compared to EBRT,” said Ken Ferry, CEO of iCAD. “Moreover, there are meaningful cost benefits of IORT, which is estimated in this study to save more than $10,500 annually over the lifetime of each patient, reducing the direct expenses related to their care, and offering millions of dollars in savings to the U.S. healthcare system each year.”
This study is the first of its kind to evaluate the quality of life and direct costs of care related to treating early-stage breast cancer with IORT versus EBRT over the life of the patient. It was co-authored by Olga Ivanov, MD, a surgeon at Florida Hospital in Orlando, Fla., and Rakesh Patel, MD, a radiation oncologist at Good Samaritan Hospital in Los Gatos, Calif., both of whom use iCAD's Xoft® Axxent® Electronic Brachytherapy (eBx®) System® in their practices. The authors leveraged a Markov decision tree model using data obtained from peer-reviewed literature to compare the use of IORT versus six-week, whole breast radiation therapy in treating early-stage breast cancer. Among the key findings:
Ad Statistics
Times Displayed: 21862
Times Visited: 433 Stay up to date with the latest training to fix, troubleshoot, and maintain your critical care devices. GE HealthCare offers multiple training formats to empower teams and expand knowledge, saving you time and money
Direct costs of care over the life of a patient were $53,179 for IORT and $63,828 for EBRT, which shows an annual cost savings of more than $10,500 per patient through the use of IORT.
With more than 60,000 new cases of early-stage breast cancer diagnosed per year, annual cost savings associated with IORT could total more than $630 million.
