IRTC IRhythm Technologies Inc.

iRhythm Launches Next Generation Zio Monitor and Enhanced Zio Service: Its Smallest, Lightest and Thinnest Cardiac Monitor

iRhythm Launches Next Generation Zio Monitor and Enhanced Zio Service: Its Smallest, Lightest and Thinnest Cardiac Monitor

  • iRhythm is launching its next generation long-term ambulatory cardiac monitor in the U.S.

  • Zio® monitor builds on the high performance of Zio® XT that, together with its enhanced Zio® long term continuous cardiac monitoring service, provides an elevated end-to-end experience
  • Zio monitor demonstrates high 99% patient compliance with prescribed wear times1

SAN FRANCISCO, Sept. 26, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:IRTC) today announced the U.S. launch of its next-generation Zio® monitor and enhanced Zio® long-term continuous monitoring (LTCM) service. Zio monitor is iRhythm’s smallest, lightest and thinnest cardiac monitor, enhancing the cardiac monitoring experience for patients and healthcare providers together with new service enhancements.

Figure 1 - Zio monitor by iRhythm

The new Zio monitor is a prescription-only ECG monitor, which is an integral part of the Zio LTCM service. The Zio LTCM service consists of a patch ECG monitoring device (Zio monitor), the ZEUS (Zio ECG Utilization Software) System – iRhythm’s advanced AI algorithm which supports the capture and analysis of ECG data recorded by Zio monitor – and a comprehensive end-of-wear report which is reviewed by certified cardiographic technicians. This end of wear report has a 99% physician agreement.2

"We’ve made our best product even better – early clinical and patient experience shows that Zio monitor has even better wear times, comfort and patient experience," said Mintu Turakhia, MD, MAS, Chief Medical Officer, Chief Scientific Officer and Executive Vice President, Product Innovation at iRhythm. “When you combine our new Zio monitor with our advanced AI, efficient workflow, patient and clinician apps, and easy-to-read and actionable clinical reports, we continue to lead the way in the field.”

Building on High Performance

Zio monitor is designed to improve diagnostic yield and provider efficiency through an enhanced patient experience, enabling long-term, continuous wear for up to 14 days. It builds on the high-performance of Zio® XT monitor and has:

  • An improved form-factor for a better patient wear experience – it is 23% thinner3,4, 62% lighter3,4, 72% smaller3-5 and weighs less than a pencil.6
  • Continued high patient compliance with prescribed wear time – Zio monitor demonstrates 99% patient compliance with prescribed wear times7 to help healthcare providers make the right diagnosis the first time.
  • Other features that make it easy to wear and allow patients to go about their daily lives8 – it is breathable, has a hydrocolloid adhesive and a waterproof housing9,10, and requires no device or adhesive manipulation or battery change during the entire wear and monitoring period of up to 14 days.

Enhancing Patient Experience

Together with Zio monitor, iRhythm is releasing the redesigned MyZio® patient app, updated with a new user interface and other enhancements for an even better patient experience. New features include easier symptom logging, educational videos and content, and a redesigned help center to better address patient questions. With the Zio LTCM service covered by many commercial insurance companies, plus Medicare, iRhythm is also introducing new enhancements to the patient experience with improved patient support processes to assist patients in navigating insurance coverage questions and pre-authorizations. The new Zio monitor, together with the Zio LTCM service, provides an elevated end-to-end experience for both patients and clinics throughout their journey with the Zio service.

Clinically Proven Performance

iRhythm’s advanced FDA-cleared AI has a deep-learned algorithm clinically proven to be as accurate as expert cardiologists.11 In addition, the , which was presented at the American College of Cardiology’s Annual Scientific Session earlier this year, found that in a study population of 287,789 patients, Zio long-term continuous monitoring (LTCM) service, prescribed for up to 14 days of monitoring, is associated with the highest diagnostic yield, lowest likelihood of retesting, and the lowest likelihood of acute care hospitalization compared to all other monitoring services, including other long-term continuous monitors in the study.12

Zio LTCM service can help physicians better identify, diagnose and manage cardiac arrhythmias. It is estimated that up to 5% – or nearly 16 million people – of the general U.S. population experiences arrhythmias.13,14 If not treated, some arrhythmias can damage the heart, brain, or other organs, and may even lead to an increased risk of stroke and death.15 Early detection and treatment of arrhythmias in previously diagnosed patients are important to reduce the burden of cardiac disease.

Availability

Zio monitor begins shipping now and will be widely available across U.S. clinics by early 2024. To learn more about Zio monitor, go to .

About iRhythm Technologies, Inc.

iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all.

Investor Relations Contact:

Stephanie Zhadkevich

(919) 452-5430

iRhythm Media Contact:

Saige Smith

(262) 289-7065


1 Data on file. iRhythm Technologies, 2022.

2 99% of physicians agree with the comprehensive patient report. Based on a review of all online Zio XT patient reports. Data on file. iRhythm Technologies, 2021.

3 Data on file. iRhythm Technologies, 2023.

4 Compared to previous generation.

5 Volume reflected in the device housing.

6 10g

7 Data on file. iRhythm Technologies, 2022.

8 Data on file. iRhythm Technologies, 2021, 2022.

9 Data on file. iRhythm Technologies, 2017, 2023.

10 The Zio monitor patch should not be submerged in water. During a bath, keep the device above water.

11 Hannun, AY. et al., Cardiologist-level arrhythmia detection and classification in ambulatory electrocardiograms using a deep neural network. Nature Medicine, 2019.

12 Reynolds et al. Comparative effectiveness of ambulatory monitors for arrhythmia diagnosis: A retrospective analysis of Medicare beneficiaries managed with ambulatory cardiac monitors between 2017 and 2019. Accepted for ACC.23 presentation, presented at New Orleans, LA

13 Desai et al. Arrhythmias. StatPearls, 2022.

14 U.S. Census Bureau Quickfacts: United States. .

15 Ataklte et al. Meta-analysis of ventricular premature complexes and their relation to cardiac mortality in general populations. The American Journal of Cardiology, 2013.

A photo accompanying this announcement is available at



EN
26/09/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on IRhythm Technologies Inc.

 PRESS RELEASE

iRhythm Technologies Announces First Quarter 2024 Financial Results

iRhythm Technologies Announces First Quarter 2024 Financial Results SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) --  (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today reported financial results for the three months ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $131.9 million, a 18.4% increase compared to first quarter 2023Gross margin of 66.3%, a 160-basis point decline compared to first quarter 2023Unrestricted cash, cash equivalents and marketable securitie...

 PRESS RELEASE

iRhythm Technologies to Report First Quarter 2024 Financial Results on...

iRhythm Technologies to Report First Quarter 2024 Financial Results on May 2, 2024 SAN FRANCISCO, April 18, 2024 (GLOBE NEWSWIRE) -- (NASDAQ:IRTC), a leading digital health care company focused on creating trusted solutions that detect, prevent, and predict disease, today announced that it will release financial results for the first quarter 2024 after the close of trading on Thursday, May 2, 2024. The company’s management team will host a corresponding conference call beginning at 1:30 p.m. PT / 4:30 p.m. ET. Interested parties may access a live and archived webcast of the presentation...

 PRESS RELEASE

iRhythm Announces Closing of $661.25 Million of 1.50% Convertible Seni...

iRhythm Announces Closing of $661.25 Million of 1.50% Convertible Senior Notes Due 2029, Including Full Exercise of Initial Purchasers’ $86.25 Million Option to Purchase Additional Notes SAN FRANCISCO, March 08, 2024 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (“iRhythm”) (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict and help prevent disease, announced today the closing of its offering of 1.50% Convertible Senior Notes due 2029 (the “notes”) for gross proceeds of $661.25 million in a private placement to persons reasona...

 PRESS RELEASE

iRhythm Prices Upsized Offering of $575.0 Million of 1.50% Convertible...

iRhythm Prices Upsized Offering of $575.0 Million of 1.50% Convertible Senior Notes Due 2029 SAN FRANCISCO, March 04, 2024 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (“iRhythm”) (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict and help prevent disease, announced today the pricing of its offering of $575.0 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Secu...

 PRESS RELEASE

iRhythm Announces Proposed Offering of $450.0 Million of Convertible S...

iRhythm Announces Proposed Offering of $450.0 Million of Convertible Senior Notes SAN FRANCISCO, March 04, 2024 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (“iRhythm”) (NASDAQ:IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and help prevent disease, announced today that it intends to offer, subject to market conditions and other factors, $450.0 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch