Catherine Szyman on healthcare costs
From Patients should decide how easily medical records can be accessed: Masimo CEO · · CNBC Television
“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.”
On , Catherine Szyman, Chief Executive Officer & Director at MASIMO CORP, spoke about healthcare costs during Patients should decide how easily medical records can be accessed: Masimo CEO on CNBC Television.
About Catherine Szyman
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.”