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Monday, Nov 28, 2022

2021 OC 50: Building The Safest Hospitals in the World

In 2013, Masimo’s Joe Kiani founded the Patient Safety Movement Foundation (PSMF), a nonprofit health advocacy group whose mission is to reduce the more than 200,000 preventable patient deaths that occur in U.S. hospitals every year.
Since its start, the foundation says that nearly 4,800 hospitals have committed to its goal of zero preventable deaths, and those hospitals have reported saving more than 93,000 lives a year from instituting best practices promoted by the group.

Just 10 hospitals have obtained the foundation’s “5-Star Hospital” designation, a ranking that was first given in 2018. Three of those 10 are in OC: MemorialCare, CHOC, and UCI Health (see page 42).

CEO, President
MemorialCare Health System
Fountain Valley

BIO: Head of Fountain Valley-based health system with five area hospitals that bring in close to $3B in revenue. MemorialCare counts 200-plus care locations in Orange County and Los Angeles. Largest nonprofit healthcare system based in OC.

NOTABLE: In April, system’s Orange Coast Medical Center and Saddleback Medical Center received an “A” Safety Grade from Leapfrog Group, an organization committed to healthcare quality and safety.

QUOTABLE: Upon receiving the PSMF 5-Star designation, said “patient safety and quality of care are always top of mind and top of heart at MemorialCare. I commend the incredible work PSMF is doing to bring together health systems, healthcare technology companies, patient advocates and others to dramatically improve patient safety.”

CEO, President
Children’s Hospital of
Orange County

BIO: Runs OC’s only dedicated pediatric hospital. Hospital has 333 licensed beds, including 54-bed satellite facility in Mission Hospital and 3,600-plus workers.

NOTABLE: CHOC was the first children’s hospital in the country to receive PSMF’s 5-Star Hospital award.

QUOTABLE: In an article with Kiani published this April in the Business Journal, said that “every healthcare system and individual clinician wants the best possible outcomes for patients. A key component of clinical excellence is often the hospital’s level of commitment to a culture of safety and transparency.”

Founder, Chairman, CEO
Masimo Corp.

Nasdaq: MASI

BIO: Founded Irvine patient monitoring company in 1989, built firm into OC’s fourth-largest public company. Products help doctors and nurses remotely monitor the blood, oxygen and other key metrics of patients. Primarily used for hospital work, but company had been developing less expensive products for home monitoring for COVID patients and opioid users.

NOTABLE: Along with Masimo, Kiani’s other work includes the PSMF and running Cercacor, an Irvine-based device maker that has ties to Masimo. He’s also one of the founders of A Starting Point, a civic engagement video-based group that helps voters better understand the issues of the day.

QUOTABLE: “I feel a sense of responsibility that when you can do something that is good for the world, you should do it,” he told Business Journal at end of 2020. This January he was named the Business Journal’s Businessperson of the Year in the healthcare sector.

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