CardioNet Inc., a San Diego, CA company, has raised today $81 million with its initial public offering of 4.5 million shares. Despite today’s general share drop, we are intrigued by CardioNet’s technology, a mobile cardiac telemetry monitor recorder, as well as the service that the company offers. 
CardioNet is particularly proud of the fact that when its CardioNet MCOT monitor was compared to typical LOOP event monitors in a study (J Cardiovasc Electrophysiol, Vol. 18, pp. 1-7, March 2007 (.pdf)), it was found to be 3 times superior at detecting clinically significant arrhythmias.
More about the product:
Once enrolled with CardioNet, physicians prescribe CardioNet for patients for up to 21 days of monitoring. CardioNet monitors patients 24 hours a day via the small sensor and monitor the patient wears as they continue with their normal daily routine. As events occur, patient activity is automatically transmitted to the CardioNet Monitoring Center for analysis and response.
The CardioNet Monitoring Center provides physicians with the succinct, integrated information they need for diagnosis and therapy management. The physician selects the events to be monitored, and the level and timing of response by the CardioNet Center – from routine daily reporting to stat reports. Physicians can receive the data via fax or the Internet. Reports have been designed to allow rapid review of results, graphing related data and trends.
CardioNet provides an inservice specialist who assists the physician’s staff in enrolling patients, and a patient educator who instructs patients on the setup and use of the CardioNet System.
The CardioNet staff verifies all information, and quickly enrolls each patient, provides monitoring equipment and education, and begins the monitoring process. CardioNet’s monitoring center reviews all patient event information and creates reports on a daily basis. Physician offices receive daily reports via Internet or fax at the location of their choice. When urgent or emergent events occur and are confirmed by the monitoring technicians, reports are immediately sent to the physician for review. At the end of monitoring, each practice receives an End of Service summary report.