Deriving Health Metrics from the Photoplethysmogram: Benchmarks and Insights from MIMIC-III-Ext-PPG

Photoplethysmography (PPG) is increasingly recorded by wearable and clinical devices at enormous scale, and a growing number of PPG foundation models (FMs) have been developed to compute reusable representations for various downstream tasks. These models are difficult to compare: different evaluations use different datasets, task definitions, preprocessing, downstream heads, hyperparameter tuning, and baselines. We present PPG-Bench, a unifying open-source benchmark evaluating five public PPG FMs across nine open-access datasets and 26 tasks spanning cardiovascular state estimation, activity, sleep, screening, and identification. We evaluate models under four downstream regimes of increasing adaptability (linear probing, random forests, frozen MLP probes, and end-to-end finetuning), with model-specific hyperparameter optimization and subject-disjoint cross-validation. We also evaluate against three controls: random/constant baseline, a deterministic pulse-rate-variability (PRV) feature set, and a generic time-series FM (MOMENT). Across all 68 task-regime combinations, 35.3% show no meaningful FM advantage over the random/constant baseline, and in 83.8% no PPG-specific FM outperforms both PRV and MOMENT. We also find that added downstream head capacity generally improves performance, but can cause significant degradation if the model is performing at chance/constant level. Current PPG FMs therefore cannot yet claim to provide generalised and transferrable representations of PPG signals, and future evaluation in this field should include checks against simple, non-learned controls. Code for the benchmark and instructions to evaluate more models can be found here - https://github.com/mannas-ai/ppg-bench.

Photoplethysmography (PPG), a non-invasive measure of changes in blood volume, is widely used in both wearable devices and clinical settings. Recent PPG foundation models either use open-source ICU datasets with pretraining paradigms that require curated data and thus complicate generalization to field-like data, or use closed-source field-like PPG data. In contrast, we propose a PPG foundation model that does not require high-quality or field-like pretraining data, and instead leverages accompanying electrocardiogram and respiratory signals in ICU datasets to select contrastive samples during pretraining. Our approach allows the model to retain and learn from noisy PPG segments, improving robustness at inference. Our model, pretrained on 3x fewer subjects than existing state-of-the-art approaches, achieves performance improvements on 14 out of 15 diverse downstream tasks, including field-like daily activity and heart rate prediction. Our results demonstrate that multimodal supervision can integrate complementary physiological information to improve the robustness of PPG foundation models and enhance their generalization to consumer-grade data.

Continuous cuffless blood pressure (BP) monitoring is essential for connected health systems and wearable devices, enabling early detection, longitudinal tracking, and personalized management of cardiovascular disease. Many prior approaches attempt to estimate BP indirectly by reconstructing electrocardiography (ECG) from photoplethysmography (PPG), assuming ECG provides a stronger physiological link to BP. However, ECG sensing is less accessible in wearable settings and may introduce unnecessary complexity. In this work, we first perform a large-scale physiological correlation analysis on the MIMIC-III waveform database, revealing that PPG exhibits substantially stronger coupling with arterial blood pressure (ABP) ($|r|=0.247$, $p<0.001$) than ECG does ($r=0.018$, $p=0.187$), challenging the assumption that ECG provides a superior intermediate representation. Motivated by this insight, we conduct a systematic comparison between direct PPG-to-BP prediction and ECG-mediated pipelines using multiple state-of-the-art deep learning models. Across 1.74M segments from 3,127 patients, direct PPG-to-BP prediction achieves British Hypertension Society Grade A performance ($\mathrm{MAE}_{\mathrm{SBP}} = 4.82 mmHg$, $\mathrm{MAE}_{\mathrm{DBP}} = 4.31 mmHg$), outperforming all ECG-mediated approaches, which achieve only Grade B accuracy. Our findings suggest that accurate continuous BP monitoring can be achieved directly from wearable PPG signals, enabling simpler, more efficient pipelines for real-world connected health systems.