Germans Trias i Pujol Hospital in Spain Launches Telehealth and Remote Patient Management Program Using Masimo W1® Medical Watches and Radius VSM™ Wearable Continuous Vital Signs Monitors

Rhea-AI Summary

Masimo has announced a partnership with Germans Trias i Pujol Hospital in Barcelona to launch the SESHAT project, a telehealth and remote patient management initiative.

The project aims to implement up to 1,000 Masimo W1 medical watches and 100 Radius VSM monitors to track patient data in real-time both in hospital and at home.

The initiative, starting in Q4 2023 and lasting at least three years, seeks to transition from reactive to predictive healthcare. The project arose from needs identified during the COVID pandemic and aims to improve patient outcomes while reducing the cost of care.

Masimo will provide additional hospital automation solutions and AI-powered tools to support the project.

Germans Trias i Pujol Hospital serves over 800,000 people in north Barcelona and is known for its clinical innovation and research.

Positive

• The SESHAT project will use up to 1,000 Masimo W1 watches and 100 Radius VSM monitors, boosting device deployment.
• The project aims to improve patient outcomes and reduce the cost of care.
• Masimo's advanced wearable and wireless technologies will be utilized, enhancing the company's product portfolio.
• The project will last at least three years, providing long-term business for Masimo.
• Masimo's partnership with a leading institution like Germans Trias i Pujol enhances its reputation.
• The initiative arose from the COVID pandemic, addressing a important healthcare need.
• Project will provide real-time physiological data, improving clinical decision-making and patient care.
• Collaboration with a high-tech center known for its clinical innovation and research.

Negative

• The SESHAT project is not FDA cleared and is not available in the U.S.
• Potential high costs associated with deploying and maintaining up to 1,000 watches and 100 monitors.
• Uncertainties regarding the project's impact on Masimo's financial performance in the short term.
• The project's success is contingent on technology adoption and patient compliance.

Insights

Financial Analyst

The deployment of Masimo's technology at the Germans Trias i Pujol Hospital represents a strategic advancement for the company in the telehealth market. The hospital's commitment to adopting up to 1,000 Masimo W1 watches and 100 Radius VSM monitors is a significant endorsement of Masimo's products, which could enhance its market position. This extensive utilization can drive revenue growth and improve brand recognition.

Given the project's duration of three years, the financial impact could be substantial in the mid to long term. Masimo's technology will be under continuous scrutiny and consistent performance will be key to securing future contracts and deployments. The strategic collaboration mentioned suggests a deeper integration that could build a long-term revenue stream and recurring sales from consumables and maintenance services.

Medical Research Analyst

The SESHAT project's focus on remote monitoring and predictive healthcare models signifies a transformative shift in patient management. Monitoring patients in real-time using wearable technologies like Masimo W1 and Radius VSM can lead to improved health outcomes by enabling early detection of potential complications. This proactive approach aligns well with modern healthcare strategies that prioritize prevention over treatment.

The project's success will hinge on the accuracy and reliability of the data provided by these devices. Moreover, the clinical validation across a large patient population can provide invaluable data, potentially leading to new clinical insights and protocols that could impact medical practices beyond just this hospital.

Tech Expert

The integration of Masimo's wearable technologies into the SESHAT project is a testament to the robust technological capabilities of the company's offerings. The devices' ability to provide continuous and reliable physiological data in real-time is important for the project's aim of transitioning from reactive to predictive care. The technologies' seamless integration with existing Hospital Information Systems will be a critical factor for its success.

Additionally, the incorporation of AI-powered tools and predictive algorithms, such as Halo, although not FDA cleared, presents a cutting-edge approach to healthcare. This deployment will act as a real-world testing ground, potentially leading to further technological advancements and refinements that could be leveraged in other markets, including the U.S. once regulatory approvals are obtained.

Scope of the SESHAT Project at Pioneering Hospital, Part of the Catalan Health Institute, Includes Deployment of up to 1,000 Masimo W1 Watches, 100 Radius VSMs, and Numerous Additional Masimo Hospital Automation™ Solutions

BARCELONA, Spain--(BUSINESS WIRE)-- Masimo (NASDAQ: MASI) today announced that Germans Trias i Pujol, a pioneering hospital serving more than 800,000 people in north Barcelona, Spain, is launching a breakthrough telehealth and remote patient management initiative using Masimo technology. The SESHAT project is focused on using advanced wearable technologies and wireless connectivity to allow remote clinicians to keep track of patients’ physiological data in near real time wherever they are, whether the patient is in another part of the hospital or at home. The project, which began in the fourth quarter of 2023 and is slated to last at least three years, includes the implementation of up to 1,000 Masimo W1^® medical watches, 100 Radius VSM™ Wearable Continuous Vital Signs Monitors, 10 Patient SafetyNet™ Systems, and a host of additional Masimo Hospital Automation™ products.

Masimo W1®, Radius VSM™, Root®, Patient SafetyNet™, and UniView® (Photo: Business Wire)

Joe Kiani, Founder and CEO of Masimo, said, “We are honored to partner with Germans Trias i Pujol to support the SESHAT project. When I founded Masimo 35 years ago, our mission was to improve patient outcomes and reduce the cost of care by taking noninvasive monitoring to new sites and applications. Now, with decades of innovation and refinement, we are bringing our pioneering accurate and continuous monitoring technologies to even more new sites and applications, including the home – with powerful wearable, tetherless, and remote modalities like Masimo SET^®-based Masimo W1 and Radius VSM. Our breakthrough predictive algorithm Halo™, AI-powered tools, and connectivity and automation solutions in turn make that accurate, precise, rich stream of actionable patient data available to clinicians when and where they need it, helping patients feel connected and cared for, and informing evermore insightful decisions about care. Ultimately, we believe this will improve outcomes while reducing the cost of care, in keeping with our founding mission. We look forward to gleaning innumerable insights and improving 800,000 lives with the forward-thinking clinicians of Germans Trias i Pujol.”

Dr. Oriol Estrada, Director of Healthcare Strategy and Innovation at Germans Trias, commented, “Project SESHAT, named for the Egyptian goddess of writing and measurement, aims to transform healthcare from a reactive to a predictive model thanks to continuous and real-time reliable patient data measured through wearable technology, both in hospital and at home.”

The SESHAT project arose from needs identified during the COVID pandemic and centers on the remote monitoring of patients with complex care requirements. The project's goal is to obtain real-time physiological data from patients and have that data help clinicians improve health outcomes. By facilitating better tracking of each patient’s physiological changes, and combining such changes with other available health data, SESHAT project clinicians hope to design and validate better prospective indicators of clinical progress and therapeutic adherence. Their goal is ultimately to help institutions transition from a reactive care model, in which healthcare teams treat symptomatic diseases, to a more proactive model in which teams receive information that enables them to anticipate complications or select more suitable medications to ensure a better therapeutic response, based on each patient's profile.

“To achieve these objectives,” continued Dr. Estrada, “wearable technology that is robust, reliable, and does not hinder the patient's normal life had to be selected. After analyzing various options, Masimo technology embedded in medical-grade wearable devices such as Masimo W1 and Radius VSM was chosen. A decisive factor in this choice was Masimo's willingness to become a technological partner beyond just being a technology provider. We have established a strategic collaboration whereby the SESHAT project will serve as a validation field for technological improvements and identification of new needs in which both institutions will cooperate. When deciding, it was important for the project leaders to work with a leading company in the monitoring technology sector that offers a portfolio with a global solution for all phases of patient care: from the hospital to the home, while also providing integration with Hospital Information Systems.”

The Germans Trias i Pujol University Hospital of Badalona belongs to the Catalan Health Institute. It is a high-tech center that provides health services to a population of 800,000 inhabitants in the North Metropolitan area of Barcelona. Since its foundation, the hospital has been a pioneer in the development and care in various areas of excellence, such as infectious, cardiovascular, inflammatory, oncological, and respiratory diseases, among others. It encompasses a powerful biomedical research campus with 12 internationally renowned institutions, employing over 6,000 professionals and researchers in the field of health. Clinical innovation—transforming clinical problems into opportunities for improving outcomes—is one of the institution's strategic pillars.

Halo is not FDA cleared and is not available in the U.S.

@Masimo | #Masimo

About Masimo

Masimo (NASDAQ: MASI) is a global medical technology company that develops and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. In addition, Masimo Consumer Audio is home to eight legendary audio brands, including Bowers & Wilkins, Denon, Marantz, and Polk Audio. Our mission is to improve life, improve patient outcomes, and reduce the cost of care. Masimo SET^® Measure-through Motion and Low Perfusion™ pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies.¹ Masimo SET^® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates,² improve CCHD screening in newborns³ and, when used for continuous monitoring with Masimo Patient SafetyNet™ in post-surgical wards, reduce rapid response team activations, ICU transfers, and costs.^4-7 Masimo SET^® is estimated to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world,⁸ and is the primary pulse oximetry at 9 of the top 10 hospitals as ranked in the 2022-23 U.S. News and World Report Best Hospitals Honor Roll.⁹ In 2005, Masimo introduced rainbow^® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb^®), oxygen content (SpOC™), carboxyhemoglobin (SpCO^®), methemoglobin (SpMet^®), Pleth Variability Index (PVi^®), RPVi™ (rainbow^® PVi), and Oxygen Reserve Index (ORi™). In 2013, Masimo introduced the Root^® Patient Monitoring and Connectivity Platform, built from the ground up to be as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo additions include Next Generation SedLine^® Brain Function Monitoring, O3^® Regional Oximetry, and ISA™ Capnography with NomoLine^® sampling lines. Masimo’s family of continuous and spot-check monitoring Pulse CO-Oximeters^® includes devices designed for use in a variety of clinical and non-clinical scenarios, including tetherless, wearable technology, such as Radius-7^®, Radius PPG^®, and Radius VSM™, portable devices like Rad-67^®, fingertip pulse oximeters like MightySat^® Rx, and devices available for use both in the hospital and at home, such as Rad-97^® and the Masimo W1^® medical watch. Masimo hospital and home automation and connectivity solutions are centered around the Masimo Hospital Automation™ platform, and include Iris^® Gateway, iSirona™, Patient SafetyNet, Replica^®, Halo ION^®, UniView^®, UniView :60™, and Masimo SafetyNet^®. Its growing portfolio of health and wellness solutions includes Radius Tº^®, Masimo W1 Sport, and Masimo Stork™. Additional information about Masimo and its products may be found at www.masimo.com. Published clinical studies on Masimo products can be found at www.masimo.com/evidence/featured-studies/feature/.

RPVi has not received FDA 510(k) clearance and is not available for sale in the United States. The use of the trademark Patient SafetyNet is under license from University HealthSystem Consortium.

References

1. Published clinical studies on pulse oximetry and the benefits of Masimo SET^® can be found on our website at http://www.masimo.com. Comparative studies include independent and objective studies which are comprised of abstracts presented at scientific meetings and peer-reviewed journal articles.
2. Castillo A et al. Prevention of Retinopathy of Prematurity in Preterm Infants through Changes in Clinical Practice and SpO₂ Technology. Acta Paediatr. 2011 Feb;100(2):188-92.
3. de-Wahl Granelli A et al. Impact of pulse oximetry screening on the detection of duct dependent congenital heart disease: a Swedish prospective screening study in 39,821 newborns. BMJ. 2009;Jan 8;338.
4. Taenzer A et al. Impact of pulse oximetry surveillance on rescue events and intensive care unit transfers: a before-and-after concurrence study. Anesthesiology. 2010:112(2):282-287.
5. Taenzer A et al. Postoperative Monitoring – The Dartmouth Experience. Anesthesia Patient Safety Foundation Newsletter. Spring-Summer 2012.
6. McGrath S et al. Surveillance Monitoring Management for General Care Units: Strategy, Design, and Implementation. The Joint Commission Journal on Quality and Patient Safety. 2016 Jul;42(7):293-302.
7. McGrath S et al. Inpatient Respiratory Arrest Associated With Sedative and Analgesic Medications: Impact of Continuous Monitoring on Patient Mortality and Severe Morbidity. J Patient Saf. 2020 14 Mar. DOI: 10.1097/PTS.0000000000000696.
8. Estimate: Masimo data on file.
9. http://health.usnews.com/health-care/best-hospitals/articles/best-hospitals-honor-roll-and-overview.

Forward-Looking Statements

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, in connection with the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding the potential effectiveness of Masimo W1™, Radius VSM™, Hospital Automation™, SET^®, the partnership of Masimo and Germans Trias i Pujol Hospital (the “Partnership”), and the prospect of SESHAT project. These forward-looking statements are based on current expectations about future events affecting us and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond our control and could cause our actual results to differ materially and adversely from those expressed in our forward-looking statements as a result of various risk factors, including, but not limited to: risks related to our assumptions regarding the repeatability of clinical results; risks related to our belief that Masimo's unique noninvasive measurement technologies, including Masimo W1, Radius VSM, Hospital Automation, and SET^®, as well as the Partnership and the SESHAT project ,contribute to positive clinical outcomes and patient safety; risks related to our belief that Masimo noninvasive medical breakthroughs provide cost-effective solutions and unique advantages; risks related to the assumption that the SESHAT project will last at least three years; risks related to COVID-19; as well as other factors discussed in the "Risk Factors" section of our most recent reports filed with the Securities and Exchange Commission ("SEC"), which may be obtained for free at the SEC's website at www.sec.gov. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. We do not undertake any obligation to update, amend or clarify these statements or the "Risk Factors" contained in our most recent reports filed with the SEC, whether as a result of new information, future events or otherwise, except as may be required under the applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240602519106/en/

Masimo

Evan Lamb

949-396-3376

elamb@masimo.com

Source: Masimo

FAQ

What is the SESHAT project by Masimo?

The SESHAT project is a telehealth and remote patient management initiative launched by Masimo and Germans Trias i Pujol Hospital in Barcelona, using advanced wearable technologies.

When did the SESHAT project start?

The SESHAT project began in the fourth quarter of 2023 and is slated to last at least three years.

How many devices will be used in the SESHAT project?

The project will implement up to 1,000 Masimo W1 medical watches and 100 Radius VSM monitors.

What are the goals of the SESHAT project by Masimo?

The project aims to transition from reactive to predictive healthcare, improving patient outcomes and reducing the cost of care through real-time physiological data monitoring.

Where is the SESHAT project being implemented?

The SESHAT project is being implemented at Germans Trias i Pujol Hospital in Barcelona, Spain.

What technology is Masimo providing for the SESHAT project?

Masimo is providing Masimo W1 medical watches, Radius VSM monitors, Patient SafetyNet systems, and additional hospital automation solutions.

Is the SESHAT project's technology FDA approved?

No, the Halo predictive algorithm used in the SESHAT project is not FDA cleared and is not available in the U.S.