Event Log Monitor - Monitor for No Event

I\'ve got an application that writes to the event log every 5 minutes to say it\'s working (a heartbeat), is there a way to detect if this event isn\'t there after 15 minutes to generate an alert?

I\'m thinking:

LOGNAME: equal application

EVENTID: notequal 9004

SOURCENAME: equal integration

Just want to verify and see if this is valid? or if there\'s another way you can achieve this?