What does the future of healthcare hold over the next few years? Will we see a shift toward home-based care over hospitals? Will wearables become the go-to for diagnostics? Amidst the uncertainty, Joe Kiani, founder, chairman, and CEO of Masimo, is confident that he has the answers.
Call it personalized monitoring — precision monitoring. Not just precision medicine, but precision monitoring. That was the original goal. And then we began seeing that this technology we created for the wrist is so good. It really is continuous. It's really accurate.Personalized. And with COVID we began seeing how care can now be done at home, maybe better than at hospitals, maybe better than at physicians' offices.
It's not harnessing the power to structure unstructured data and provide those diagnostic and therapeutic recommendations. What's the challenge there? Are we using AI in the right way right now?I guess it's a good thing that we all think differently. I can't even think about the things people are looking at using AI for. Like you, John, I think AI can be an amazing tool for picking up on patterns and reducing medical errors.
So, this is a great example of how AI and reliable monitoring can help save lives. Last year, approximately 110,000 to 117,000 people died from opioid overdose. What if we could reduce that to zero or even to 20,000?You have a great way of thinking about problems. For the past 2 weeks, I've been studying Joe, reading about him, watching videos. I watched a video that you did for a TED Talk 11 years ago; you talked about this concept of microfixing.
You just realize that you've got to take your best shot at things and be an agent for good. Just try. If you fail, you fail. What does it matter? So, that's how I approach things and I think I have a strong set of guiding principles: integrity, ethics, keeping my promises, and thriving on fascination and accomplishment, not power and greed.