Aspect Medical Systems Announces Comparative Effectiveness Research Collaboration and Licensing Agreement with Cleveland Clinic
July 23 2009 - 6:42AM
Business Wire
Aspect Medical Systems, Inc. (NASDAQ: ASPM) today announced a
five year comparative effectiveness research collaboration with
Cleveland Clinic focused on improving patient outcomes following
surgery. The collaboration will utilize the Clinic�s electronic
medical record system to identify anesthetic management practices
that are associated with optimum outcomes. These practices will
then be tested prospectively utilizing real-time decision support
methods. The company has also signed a licensing agreement with
Cleveland Clinic that will cover the intellectual property that
emerges from the collaboration.
�Hospitals and clinicians are increasingly interested in
delivering greater patient value by identifying clinical practices
that result in better outcomes, higher quality and lower costs,�
said Nassib Chamoun, president and CEO of Aspect Medical Systems.
�We believe that anesthetic management decisions play a key role in
enabling better patient outcomes. Through our collaboration with
the Clinic we will utilize our expertise in analyzing large
clinical databases and the Clinic�s extensive clinical data
registry to evaluate, on a patient risk and procedure-adjusted
basis, how different approaches to anesthetic management impact
patient outcomes following surgery. Ultimately, our goal is to
define interventions and decision support systems that will lead to
further improvements in clinical practice and patient
outcomes.�
As part of the collaboration, researchers will refine �risk
stratification� methodologies to compare patient records from more
than 85,000 surgical patients treated at Cleveland Clinic with a
baseline risk assessment system derived from 34 million patient
records obtained from the Center for Medicare and Medicaid Services
(CMS). The CMS dataset is comprised of a wide variety of patient
populations, medical procedures, and care environments, enabling
researchers to fairly evaluate and compare adjusted hospital
outcome measures such as duration of hospitalization, mortality at
30 days post-surgery and mortality after one year.
�The challenge with evaluating unadjusted hospital outcome
reports is that baseline patient risk varies considerably. For
example, even for a given procedure performed by the same surgeon
in the same hospital, mortality may vary considerably due to
patient demographics, pre-existing illness and disease stage,� said
Daniel Sessler, MD, professor and chair, Department of Outcomes
Research at Cleveland Clinic. �Through this research collaboration,
the hope is to further develop a predictive risk-adjustment model
that uses national billing codes and readily available demographic
characteristics.�
In addition to conducting this risk adjusted analysis of
outcomes data, the collaboration will also include development of
innovative comparative effectiveness methodologies to prospectively
test how different anesthetic management interventions, decision
support alarms, and clinician education initiatives impact outcomes
when applied on an ongoing basis during routine clinical care.
Preliminary results from studies conducted as part of this
research collaboration have been accepted for presentation at the
2009 Annual Meeting of the ASA.
Aspect�also announced today a decision by CMS to implement a
coding methodology to allow hospitals to indicate when BIS
monitoring was part of patient care. CMS has identified existing
ICD-9-CM procedure codes for hospitals to report �intraoperative
anesthetic effect monitoring and titration (IAEMT)� as part of the
claims submission process to Medicare. IAEMT is the procedural
description for BIS-guided anesthesia care. �The new coding
methodology becomes effective on October 1, 2009 and will
facilitate large-scale evaluations of the impact of BIS-guided care
on patient outcomes using the Medicare claims database,� said Scott
Kelley, MD, vice president and medical director of Aspect.
About Aspect Medical Systems, Inc.
Aspect Medical Systems, Inc. (NASDAQ: ASPM) is a global market
leader in brain monitoring technology. To date, the Company's
Bispectral Index (BIS) technology has been used to assess
approximately 32 million patients and has been the subject of more
than 3,100 published articles and abstracts. BIS technology is
installed in approximately 80 percent of hospitals listed in the
July 2008 U.S. News and World Report ranking of America's Best
Hospitals and in approximately 73 percent of all U.S. operating
rooms. In the last twelve months BIS technology was used in
approximately 19 percent of all U.S. surgical procedures requiring
general anesthesia or deep sedation. Aspect Medical Systems has OEM
agreements with eight leading manufacturers of patient monitoring
systems.
Safe Harbor Statement
Certain statements in this release are forward-looking within
the meaning of the Private Securities Litigation Reform Act of
1995, including without limitation statements with regards to the
expected benefits and outcomes of the Company�s research
collaboration with Cleveland Clinic. Forward-looking statements
used in this release may contain the words "believes," "expects,"
"anticipates," "plans," "seeks," "estimates," "will," "may," or
similar expressions. These forward-looking statements are not
guarantees of future performance and involve risks, uncertainties,
assumptions and other factors that may cause the actual results to
be materially different from those indicated by such
forward-looking statements. There are a number of factors that
could cause actual results to differ materially from those
indicated by these forward-looking. For example, the parties may
not be able to successfully complete the comparative outcomes
research that is the subject of the collaboration. Even if the
study is successfully completed, the Company may not be able to
successfully define factors that lead to improved patient outcomes
and/or generate findings that do, in fact, improve patient
outcomes. There are other factors that could cause Aspect's actual
results to vary from its forward-looking statements, including
without limitation those set forth under the heading "Risk Factors"
in the Company's Annual Report on Form 10-K for the year ended
December 31, 2008 as filed with the Securities and Exchange
Commission. In addition, any forward-looking statements represent
the Company�s views only as of the date of this press release and
should not be relied upon as representing the Company�s views as of
any subsequent date. While the Company may elect to update
forward-looking statements in the future, it specifically disclaims
any obligation to do so, even if its expectations change.
Therefore, you should not rely on these forward-looking statements
as representing the Company�s views as of any date subsequent to
the date of this press release.
Aspect, Bispectral Index and BIS are
registered trademarks of Aspect Medical Systems, Inc. All other
trademarks, service marks and company names are the property of
their respective owners.
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