Use of the device saves £1,000 each time, the watchdog adds. At present, fewer than three in 100 eligible patients are monitored using it, but NICE estimates if that figure was increased to 50 in 100 patients, it would save the NHS in England more than £400m a year.
Based on the same technology as a police speed gun, the monitor uses ultrasound to measure the rate of blood flow from the heart. The device, which has an ultrasound probe at its tip, is inserted into the oesophagus or gullet. The signal is reflected by blood cells travelling down the aorta, which enables doctors to establish how much oxygen and nutrients are being sent to vital organs.