The present disclosure describes a system and method for determining cardiac parameters and physiological conditions of a user by analysing speech samples of said user. A user device of the user may record specifics of speech and use these specifics of speech as a speech sample of user's utterance. The user device may transmit the speech samples to a backend system. The system may isolate phonation segments from the speech samples. The system may filter one or more phonation segments. The system may isolate uttered speech segments from one or more phonation segments. The system may perform an acoustic-phonetic analysis of the uttered speech segments. The acoustic-phonetic analysis may use plurality of features for the analysis. The IPA phonemes may be used to derive speech markers that correspond to specific cardiac parameters and physiological conditions. The system may generate a resulting report after analysis which is transmitted to the user.