Masimo CEO: Our healthcare investors don't know how to deal with the consumer side of the business
Joe Kiani, Masimo CEO, joins 'Closing Bell Overtime' to talk the proxy fight, its healthcare versus its consumer segment, ...
Chief Executive Officer & Director, Masimo
Search every verified Catherine Szyman interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Catherine Szyman, CEO and Director of Masimo, has been involved in discussions about the company’s strategic direction and product offerings. In September 2024, she addressed the challenge of integrating the company’s consumer health business with its healthcare-focused investor base, stating that “our healthcare investors don't know how to deal with the consumer side of our business” and that the company was exploring ways to separate the consumer health segment. She also highlighted the launch of a new hospital-grade pulse oximetry monitor for infants, priced around $200 to $300, which she described as a product that could “change everything” for parents monitoring their babies at home. Szyman has also advocated for greater interoperability of medical data. She argued that patients should decide how their medical records are accessed, stating that “privacy rules were there to protect patients not to potentially harm them” and that data sharing could save lives and reduce healthcare costs. She criticized electronic health records company Epic Systems for not sharing data, noting that “we used to be in the business of hoarding our data but what we realized is that patients were getting harmed because we were hoarding data.” She commended federal officials for pushing for data-sharing regulations, saying “it’s time to share the data.”
“Our health care investors don't know how to deal with the consumer side of our business, so the time, we decided there might be a way to separate the consumer health without giving up the dream of what we're hoping to accomplish for patients, people and our shareholders effectively.”
“We're offering the boot monitor for pulse oximetry drop for about $200, and with the camera, you're talking about $300. It should change everything. There has never been a hospital grade, let alone Masimo which we are the most reliable pulse oximeter on the planet, been available for parents at home.”
“I started Masimo to be an OEM company, meaning I didn't want to make our own end user products but wanted to be integrated in other people's products. But when I learned if you try OEM it's like taking a shower with your raincoat on—you don't get very wet. You have to be in there with your own direct products and work...”
“Privacy rules were there to protect patients not to potentially harm them. Patients should make the trade-off between what's more important: privacy or having their data available in a way that can hopefully save their lives.”
“There are a lot of great companies that do a great job of making sure data can be transmitted in a way that keeps patient's data private and confidential.”
“The healthcare system could save maybe hundreds of billions of dollars over time if we actually knew what the statistics were and had the algorithms, the Amazon Web service data so to speak, of everybody in our country without knowing their names.”
“While you could hack into anything, it's like saying no one should own a phone or a computer because someone could hack into it, but there is protection. What's more important is by sharing data patients' lives can be saved.”
“If we hoarded our data and said our pulse oximeter data cannot be input into the infusion pump, then when the patient's overdosing and our pulse oximeter is dropping, that data doesn't get to the infusion pump and the infusion pump does not shut down the flow of opioids.”
“We used to be in the business of hoarding our data but what we realized is that patients were getting harmed because we were hoarding data.”
“Imagine at that time both the blood lab machines and the patient monitors that measured the heart rate were interoperable and could share data. Algorithms could have seen high white blood cell count and high heart rate for a kid's size that could mean sepsis and they could have treated them for sepsis and Rory would pr...”
“While I'm sitting in my role as CEO of my company, I made a pledge to share my data and so did 90 other companies over the last eight years. Unfortunately, Epic hasn't.”
“I have to commend HHS Secretary Azar and ONC Director Don Rucker for now finally saying enough is enough. You guys have to share the data in a way that it's secure, it's safe and it's not burdensome cost wise.”
“Those refrigerators were paid by the public, by US taxpayers who paid for it, and I think finally people are saying enough is enough, it's time to share the data.”
“Privacy rules were there to protect patients not to potentially harm them. Patients should make the trade-off between what's more important: privacy or having their data available in a way that can hopefully save their lives.”
“There are a lot of great companies that do a great job of making sure data can be transmitted in a way that keeps patient's data private and confidential.”
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