Philips presents study results at Heart Rhythm Annual Meeting demonstrating benefits of its AI-powered cardiac monitoring solutions
Philips showcased the benefits of its AI-powered cardiac monitoring solutions at the Heart Rhythm Annual Meeting. Three studies highlighted how Philips' Mobile Cardiac Outpatient Telemetry (MCOT) wearable ECG and AI models improve diagnosis, reduce readmissions, and lower costs. A study published in The Journal of Comparative Effectiveness Research found that MCOT reduces readmissions in stroke patients (30.2% vs. 35.4% with ILR), lowers costs by USD 27,429 over 18 months, and increases survival rates.
Additional research demonstrated that AI-driven ECG technology aids in identifying potentially life-threatening arrhythmias and accurately diagnosing syncope causes. Another study revealed that urgent notifications from MCOT led to timely follow-ups and procedural interventions, enhancing patient outcomes.
Philips will also educate on managing cardiac implantable electronic device (CIED) infections, offering comprehensive lead management solutions.
- MCOT reduces readmissions in stroke patients from 35.4% to 30.2%.
- MCOT lowers average treatment costs by USD 27,429 over 18 months.
- AI-powered ECG technology improves timely diagnosis and patient management.
- Urgent notifications from MCOT lead to prompt follow-ups in 85% of cases.
- High rate of symptom-arrhythmia correlation with MCOT use.
- Philips offers comprehensive lead management solutions for CIED infections.
- No direct mention of new revenue streams or increased sales from these innovations.
- Potential high initial costs for adopting MCOT and AI-driven ECG technologies.
- Reliance on retrospective studies; more prospective data needed for conclusive evidence.
Insights
Philips' recent studies showcase the potential of AI-powered mobile cardiac outpatient telemetry (MCOT) in improving patient outcomes. By comparing MCOT with implantable loop recorders (ILR) in stroke patients, the research highlights several benefits:
Reduction in readmissions: A decrease from
Cost Savings: An average cost reduction of
These findings underscore the capability of AI in transforming healthcare delivery, making it both proactive and economically viable. For a retail investor, this indicates Philips' commitment to leveraging cutting-edge technology to stay ahead in the healthcare market.
The economic implications of these studies are notable. The reported cost savings and reduced emergency department utilization demonstrate clear financial benefits. This could lead to increased adoption of Philips’ MCOT by healthcare providers, potentially boosting revenue and market share for the company.
Furthermore, as healthcare systems look for ways to optimize costs while improving patient outcomes, Philips' AI-powered solutions position the company favorably in a competitive market. Investors should consider how these innovations could drive long-term financial stability and growth for the company.
The integration of AI and deep neural networks (DNN) into ECG monitoring is a significant advancement. AI’s ability to provide accurate diagnoses, sometimes on par with human physicians, showcases the transformative potential of such technologies in healthcare.
Philips' focus on AI-powered ECG biomarkers for detecting conditions like bradyarrhythmia could revolutionize cardiac care. This differentiation in their product offerings could provide a competitive edge, attracting both healthcare providers and investors keen on innovative solutions.
May 17, 2024
Three studies demonstrate how Philips MCOT wearable ambulatory monitoring ECG and proprietary AI models applied to ECG digital biomarkers can help to improve diagnosis, reduce readmissions, and lower costs
Amsterdam, the Netherlands and Boston, USA – Royal Philips (NYSE: PHG, AEX: PHIA) a global leader in health technology, is presenting new retrospective study results demonstrating the clinical and economic benefits of Philips’ AI-powered cardiac care solutions at the Heart Rhythm Annual Meeting in Boston (May 16-19).
With cardiovascular disease on the rise, clinicians and health systems continue to look for ways to deliver high-quality care that is both timely and cost-effective. Findings from the three studies highlight the central role mobile cardiac monitoring technology plays in supporting early detection of adverse cardiac events and enabling potentially life-saving interventions for patients, while helping to reduce readmissions and lower costs.
Recently published in The Journal of Comparative Effectiveness Research, a Philips study compares the clinical and economic outcomes of using the Philips mobile cardiac outpatient telemetry (MCOT) wearable ECG sensor with implantable loop recorders (ILRs) in stroke patients to determine how cardiac remote monitoring technology impacts current standards of care. This study analyzed the eighteen months following a stroke event and found that when MCOT was used instead of ILR for post-discharge monitoring:
- Patients experienced significantly lower readmissions (
30.2% in the MCOT-monitored group compared to35.4% in the ILR group); - Average cost over an 18-month period following the stroke event was reduced by USD 27,429;
- Emergency department utilization was significantly lower;
- Patients with complications and comorbidities from the index stroke experienced a higher rate of survival.
Manish Wadhwa, Chief Medical Officer for Philips Ambulatory Monitoring & Diagnostics, said: “As we explore how specific ambulatory monitoring devices, like MCOT, impact clinical outcomes, data demonstrates that choice of monitoring modality does affect the cost-effectiveness of care and patient outcomes. Effective cardiac monitoring starts with quality data, and with the AI-powered data platform behind MCOT, Philips is uniquely positioned to help care teams make quick, impactful, and cost-conscious decisions for their cardiac patients.”
On Saturday, May 18 at 3 p.m., Philips will host a moderated discussion about the comparative outcomes and cost of ILR and MCOT following stroke with electrophysiologist Dr. Mohammad-Ali Jazayeri in booth #1135.
Two poster presentations will highlight additional recent research showcasing Philips’ impact on improved health outcomes and AI-driven diagnosis:
- Back to the Future: Artificial intelligence applied to ECG can help identify life-threatening arrhythmia events at the roots
The cause of syncope, a loss of consciousness or fainting, is difficult to diagnose and the condition leads to approximately3% of all visits to the emergency room. Syncope may be caused by a serious heart condition and cardiac monitoring solutions are often used to detect adverse heart rate and/or rhythm events to improve how syncope patients are diagnosed and managed.
AI and deep neural network (DNN) algorithms have demonstrated the ability to provide accurate medical diagnoses equivalent to human physicians or conventional algorithms. Philips’ study reveals that AI-powered ECG biomarker technology may help to identify patients with significant intermittent bradyarrhythmia, potentially improving timely diagnosis and management. Using an AI-based learning model, the study focused on successfully triaging syncope patients by identifying those who had previously experienced bradyarrhythmia.
Dr. Laurent Fiorina, Cardiovascular Institute Paris-Sud (ICPS) and medical advisor for Philips, said: “Our main focus is developing new AI models to detect cardiovascular conditions or predict future cardiac events like atrial fibrillation, ventricular tachycardia, and now, severe bradyarrhythmia.”
Join Dr. Fiorina and Philips between 3:30 and 5:30 p.m. ET on Friday, May 17 in the HRS Abstract area to learn more about this study and its impact on the future of cardiac care.
- The EP-COT Trial: Impact of Emergent Physician Notifications from MCOT on Patient Outcomes
While ambulatory cardiac monitors are frequently used to diagnose arrhythmias, their impact on clinical decision-making has not been extensively studied. When examining how MCOT impacts acute clinical management decisions, Dr. David Lin at the University of Pennsylvania and Dr. Mathew Hutchinson at the University of Arizona found that patients who had Emergent Notifications while wearing a Philips MCOT had a high degree of symptom-arrhythmia correlation and that these notifications were delivered to the care provider. The notifications initiated unscheduled follow-up care in over85% of patients and a procedural intervention in over25% , indicating MCOT’s effectiveness in detecting actionable arrhythmias and enabling care teams to intervene and provide necessary care.
Dr. David Lin, Cardiologist at the University of Pennsylvania Hospital, will present these trial findings in further detail in the HRS Abstract Area between 3:30 and 5:30 p.m. ET.
Lead Management and CIED Infection
Philips will also continue to educate on cardiac implantable electronic device (CIED) infections to improve the quality of patient care by ensuring physicians are knowledgeable about CIED infection treatment and guidelines. Philips supports physicians with Lead Management solutions through a broad portfolio of tools designed for safety and predictability, including both laser and mechanical lead extraction devices to help indicated patients get the quick and effective treatment they deserve.
On Friday, May 17th, Philips will host a Rhythm Theater in partnership with Medtronic on the prevention, identification, and management of CIED infections in Rhythm Theater #1 at 11:00 am ET.
Additional details on clinical presentations at the show on behalf of Philips can be viewed here. For more information on Philips’ presence at HRS, join in person at booth #1135 in the Boston Convention and Exhibition Center or visit Heart Rhythm 2024. Follow #HRS2024 for updates throughout the event.
For further information, please contact:
Meredith Amoroso
Philips External Relations
Tel: +1 724-584-8991
E-mail: meredith.amoroso@philips.com
About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2023 sales of EUR 18.2 billion and employs approximately 69,100 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.
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FAQ
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