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Possible Panacea's in Modern Medicine
The definition of panacea is a remedy for all ills or difficulties. A cure-all. Many in medicine believe that Panacea has a negative connotation because it is believed that there isn't a single method that can cure all diseases or fix all problems.

Hospital Mergers
One action that is being compared as a modern Panacea is hospital mergers. Many hospitals in Europe and North America are going through mergers because it is believed that they are able to save on costs while being able to raise the quality of care for patients. The only problem is the statistics do not support either of their claims. Many view Hospital mergers in a positive light because it is one action that is able to solve many problems which is very similar to the idea of a Panacea. Since 1990, hundreds of hospitals have merged and the number of hospitals is decreasing in countries like Canada and the United Kingdom. While the idea of these mergers are positive and have very important implications that many think could be positive there is evidence showing that the positive impact and the benefits are minuscule and the negative impacts could be larger. A study had shown that many of the impacts of hospital mergers had a negative impact on the economy.

Cancer Clinical Trials
Cancer Clinical Trials have played a vital role in many of the discoveries made in Oncology, but it appears that this model of fallen behind and is now too outdated for it to be able to play a significant role in the fight against Cancer. As of right now, many believe that Cancer Clinical Trials are becoming a Panacea. Many believe that this is a dire situation and need to be urgent in finding new solutions that can have similar success that clinical trials did. Cancer is a complex disease and it attacks the body in many different ways. There are multiple steps that are needed to fully know everything about a specific cancer in a person's body, one step doesn't reveal everything the doctors need to know. Patients are required to go through physicals, lab testing, a Biopsy and more. Treating cancer is no different. There are many different approaches to treatment such as surgery, medicine, Radiation therapy, and more.

Personalized Medicine and Health Management
Health care has been revolutionized in the past 20 years or so. There have been many new approaches to medicine and how people take care of their personal health. Some studies have indicated that personalized medicine is the best approach for a person's health management and being able to help them with all of their different conditions. Personalized treatments are different type of treatments than the ordinary ones. It is believed that personal medicine could have a better effect on the "imperfect information related to diagnoses". There are possible side effects that could still occur. Many of the new tests that occur for people to undergo personalized medicine are genetic tests. People take these genetic tests to confirm that they are the best possible patients to receive these different type of new treatments. One problem that is brought up when discussing personalized medicine is its unknown affects on the economy. There is no proof that it raises or lowers the economy. Due to the many tests that patients go through and those tests not always being accurate, it is still unknown whether or not personalized medicine can be a Panacea for all conditions. It is something that will continue to be studied and tested.