caveats: they're new; it's hard to do what they're doing; they have to look serious; this is valuable the more it's taken seriously.
They have really wonderful site design/marketing...except that it doesn't give me the impression that they will ever be making the world better for anyone other than their clients. Here's what I'd see as ideal:
On a more profiteering viewpoint, they could offer a report for either $5k for a private report, or $3k for a public report, with a promise to charge $50 for the public report until they reach $5k (or $6k, or an internal number that isn't unreasonable) and then release it.
Most people who are seriously sick tend to get into a pretty idealistic mode, is my experience, and would actually be further convinced by putting their $5k both to help themselves and to help others, and while sure, they could release the report themselves, metamed has a central, more trustable platform. If they want me to believe that they're interested in doing that kind of thing, it'd be nice if they had something up there to show me that they hope to.
On preview, I realize that the easy objection is that these are personalized reports, and data confidentiality is important. They obviously will only be able to publish pieces of reports that are not personal, and this is obviously a more costly thing than just tossing a pdf up on a website. Hm.
All of that said, they look like a really exciting company, I really hope they do well (and then take my advice =).
I suspect that later, when they have more presence in the public and expert view, they will open up new payment options to increase visibility of their reports, but only after they have employed significantly more researchers and run them through rigorous epistemic ethics training. Otherwise, there's little stopping a Big Pharma company from hiring Metamed for a $3,000 report, and then posting a biased summary of the report on their news page, along with an "APPROVED BY METAMED" sticker. Even worse if Metamed considers the "approval sticker" to be useful to spreading awareness of evidence-based medicine. The potential for corruption is just too high.
In a world where 85% of doctors can't solve simple Bayesian word problems...
In a world where only 20.9% of reported results that a pharmaceutical company tries to investigate for development purposes, fully replicate...
In a world where "p-values" are anything the author wants them to be...
...and where there are all sorts of amazing technologies and techniques which nobody at your hospital has ever heard of...
...there's also MetaMed. Instead of just having “evidence-based medicine” in journals that doctors don't actually read, MetaMed will provide you with actual evidence-based healthcare. Their Chairman and CTO is Jaan Tallinn (cofounder of Skype, major funder of xrisk-related endeavors), one of their major VCs is Peter Thiel (major funder of MIRI), their management includes some names LWers will find familiar, and their researchers know math and stats and in many cases have also read LessWrong. If you have a sufficiently serious problem and can afford their service, MetaMed will (a) put someone on reading the relevant research literature who understands real statistics and can tell whether the paper is trustworthy; and (b) refer you to a cooperative doctor in their network who can carry out the therapies they find.
MetaMed was partially inspired by the case of a woman who had her fingertip chopped off, was told by the hospital that she was screwed, and then read through an awful lot of literature on her own until she found someone working on an advanced regenerative therapy that let her actually grow the fingertip back. The idea behind MetaMed isn't just that they will scour the literature to find how the best experimentally supported treatment differs from the average wisdom - people who regularly read LW will be aware that this is often a pretty large divergence - but that they will also look for this sort of very recent technology that most hospitals won't have heard about.
This is a new service and it has to interact with the existing medical system, so they are currently expensive, starting at $5,000 for a research report. (Keeping in mind that a basic report involves a lot of work by people who must be good at math.) If you have a sick friend who can afford it - especially if the regular system is failing them, and they want (or you want) their next step to be more science instead of "alternative medicine" or whatever - please do refer them to MetaMed immediately. We can’t all have nice things like this someday unless somebody pays for it while it’s still new and expensive. And the regular healthcare system really is bad enough at science (especially in the US, but science is difficult everywhere) that there's no point in condemning anyone to it when they can afford better.
I also got my hands on a copy of MetaMed's standard list of citations that they use to support points to reporters. What follows isn't nearly everything on MetaMed's list, just the items I found most interesting.
90% of preclinical cancer studies could not be replicated:
http://www.nature.com/nature/journal/v483/n7391/full/483531a.html