Corsano CardioWatch Impact Framework

This study’s objective is to assess the societal impact of the Corsano CardioWatch, which provides a non-invasive way of ambulatory blood pressure monitoring (ABPM), replacing more traditional, less precise, and uncomfortable monitoring systems. We expect the watch to provide:
Better patient’s comfort for the monitoring
Better treatment (titration) reducing secondary effects
Reduced risk of strokes
Reduced costs to insurance and states by reducing risks (target market of Corsano in a first step)

The Corsano CardioWatch is used in two different settings:
ABPM monitoring of patients (assuming that a CardioWatch is used to monitor 1,5 patients per week).
Individual diagnosed hypertension patients for long-term monitoring.

Assessment scenarios:
Based on these types of customers, the assessment has been done considering two scenarios:
The ABPM scenario focuses on the impact of using one medical bracelet at a hospital instead of the ABPM system, in the United States and Europe.
Individual use: This scenario assesses the impact of the watch per each type of patient over one year at home in the United States and Europe. Results are in separate report.

Impact valuation - Reference frameworks

The method used to assess the societal impact of the investment is based on a range of frameworks including:

The Social and Human Capital Protocol (2019, Capitals Coalition),

The Natural Capital Protocol (2016, Capitals Coalition), and

A Guide to Social Return On Investment (2012, The SROI Network).

The method used is also informed by (and compatible with) other impact frameworks such as the GIIN COMPASS, and the Impact Management Project.

Impact valuation – What is it?

Impact valuation is a standardized approach for measuring organizations’ impact on society, considering the value created on human, natural, and social capital.

Organizations’ activities create negative and positive societal impact across multiple stakeholders and the use of impact pathways is used to understand and quantify the changes experienced by people or nature.

As a final step of the approach, monetization factors are used to translate impacts into societal value. Societal value can be expressed using the three capitals (natural, social, or human) or as a total value created.