IntroductionDetection of atrial fibrillation (AF) is required to initiate oral anticoagulation (OAC) after cryptogenic stroke. However, paroxysmal AF can be difficult to diagnose with short term cardiac monitoring. Taking an Australian payer perspective, we evaluated whether long-term continuous monitoring with an insertable cardiac monitor (ICM) is cost-effective for preventing recurrent stroke in patients with cryptogenic stroke.MethodsA lifetime Markov model was developed to simulate the follow-up of patients, comparing long-term continuous monitoring with an ICM to monitoring by conventional care. We used a linked evidence approach to estimate the rates of recurrent stroke when AF detection leads to initiation of oral anticoagulation, as detected using ICM during the lifetime of the device, or as detected using usual care. All diagnostic and patient management costs were modelled. Other model inputs were determined by literature review. Probabilistic sensitivity analysis (PSA) was undertaken to explore the effect of parameter uncertainty according to CHADS2score and oral anticoagulation treatment effect.ResultsIn the base-case analysis, the model predicted an incremental cost-effectiveness ratio (ICER) of A$29 570 per quality adjusted life year (QALY). Amongst CHADS2sub-groups analyses, the ICER ranged from A$26,342/QALY (CHADS2=6) to A$42,967/QALY (CHADS2=2). PSA suggested that the probabilities of ICM strategy being cost-effective were 53.4% and 78.7%, at thresholds of $30 000 (highly cost-effective) and $50 000 per QALY (cost-effective), respectively.ConclusionLong-term continuous monitoring with ICM is a cost-effective intervention to prevent recurrent stroke in patients following cryptogenic stroke in the Australian context.