In the present invention, a method and accompanying system for evaluating alarm events generated by patient monitors includes the steps of receiving a plurality of alarm events and associated alarm event data from one or more patient monitors at a central control unit, storing the alarm event data in an electronic storage medium, calculating an acuity score for the patient monitor from the alarm event data and a customizable rule set input into and stored in the control unit, the rule set applied to the alarm event data and comparing the calculated acuity score to a threshold value for the acuity score.
