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Masimo annual report

Masimo annual report
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Masimo annual report

Product catalog summary
Introduction
Masimo, established in 1989, focuses on revolutionizing noninvasive monitoring technologies to enhance patient outcomes and reduce healthcare costs. The company prioritizes innovation, patient safety, and ethical business practices.
Mission and Guiding Principles
Masimo's mission is to improve patient care through noninvasive monitoring technologies. Key principles include fulfilling promises, fostering a culture of achievement, prioritizing patient care, and maintaining a positive work environment.
Innovations and Achievements
Masimo has developed technologies like Masimo SET® and rainbow® SET, enhancing pulse oximetry accuracy under challenging conditions, reducing medical errors, and lowering healthcare costs.
Product Offerings
The company offers products such as the Patient SafetyNet™ system for remote monitoring, various sensors and cables, bedside and handheld monitors, and OEM monitor circuit boards.
Market Expansion and Adoption
Masimo has expanded its market to include home care and emergency services, with global adoption and significant cost savings reported by hospitals using their products.
Financial Performance
In 2011, Masimo achieved record revenues of $439 million, with a 14% increase in product revenues, and anticipates continued growth, especially in rainbow® technologies.
Future Outlook
Masimo is committed to improving patient care and business practices, focusing on innovation and market expansion through new technologies and partnerships.
Overview of Masimo SET Technology
Masimo SET is a reliable pulse oximetry technology used globally, reducing false alarms and enhancing critical patient care. It is integrated into over 100 OEM monitors from 50 leading brands.
Clinical Advantages
Masimo SET provides accurate event detection, improving patient outcomes and safety by managing oxygenation levels effectively and reducing unnecessary alarms.
Market Impact and Innovation
Masimo has promoted market choice and innovation, reducing pulse oximetry pricing by 30% over the last decade through challenging anticompetitive practices.
Reducing Blood Transfusions with SpHb
SpHb technology reduces unnecessary blood transfusions by providing continuous, noninvasive hemoglobin monitoring, allowing for better blood loss management.
Fluid Management with PVI
The Pleth Variability Index (PVI) helps assess fluid responsiveness, improving fluid management and reducing patient risk.
Halo Index for Global Patient Assessment
The Halo Index provides a cumulative assessment of patient status, aiding in early detection of deterioration and timely intervention.
Improving General Floor Outcomes with Patient SafetyNet
The Patient SafetyNet system reduces rescue events and ICU transfers, enhancing patient safety and reducing healthcare costs.
Integration and Connectivity
Masimo's devices integrate with electronic health records (EHR), reducing documentation time and enhancing patient care focus.
Clinician-Centric Monitoring
My view technology customizes displayed information for clinicians, improving workflow efficiency and patient communication.
Respiration Monitoring
Rainbow Acoustic Monitoring provides noninvasive respiration rate monitoring, crucial for post-surgical patient safety.
Newborn and Pediatric Care
Masimo SET technology aids in screening for congenital heart disease and reducing retinopathy of prematurity in newborns.
Detection of Methemoglobinemia and Carbon Monoxide Poisoning
SpMet and SpCO technologies facilitate early detection and treatment of methemoglobinemia and carbon monoxide poisoning.
Carbon Monoxide (CO) Safety for Firefighters
NFPA 1584 standard supports on-scene CO assessment using Pulse CO-Oximeters to mitigate risks for firefighters.
Hemoglobin Assessment with Pronto-7
The Pronto-7 device offers non-invasive hemoglobin testing, reducing contamination risks and supporting wireless communication.
Masimo SET for Home and Post-Acute Care
Masimo SET technology improves monitoring in home settings, post-acute care, and sleep labs by reducing false alarms.
Advancements in Pulse Oximetry
Adaptive Threshold Alarm reduces false alarms, and single-patient-use ear sensors enhance monitoring accuracy.
Green Solutions with ReSposable Sensors
The ReSposable Sensor System combines reusable and disposable components, offering a sustainable solution for pulse oximetry.
Innovations for Patient Comfort
New sensor designs improve comfort during long-term monitoring by reducing bulk and increasing flexibility.
SEDLine Brain Function Monitoring
SEDLine technology provides continuous brain function monitoring during anesthesia, aiding in sedation management and recovery.
Financial Overview
Masimo's financial overview includes balance sheets, income statements, and cash flow statements, indicating a strong financial position with increased assets and equity in 2011.
Revenue and Profitability
Masimo reported increased revenue and gross profit in 2011, with a net income of $63.7 million.
Cash Flow Analysis
Net cash from operating activities increased in 2011, with net cash outflows from investing and financing activities.
Global Operations
Masimo has a global presence with operations across North America, Europe, Latin America, Asia, and Australia.
Awards and Recognition
The company received several awards, including the 2010 GHx Respiratory Product Best-in-Class Award and the 2011 Medical Design Excellence Gold Award for the Pronto-7.
Forward-Looking Statements
The document includes forward-looking statements about future developments, cost savings, and growth, subject to risks and uncertainties.
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Catalog excerpts

Masimo annual report-1

Taking Noninvasive Monitoring to New Sites and Applications ™

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Masimo annual report-2

A Letter from the Chairman & CEO DELIVERING ON OUR MISSION AND GUIDING PRINCIPLES Over 23 years ago, Masimo started with a bold mission to improve patient outcomes and reduce the cost of care by taking noninvasive monitoring to new sites and applications. We also set forth guiding principles that stay with us today: > emain faithful to your promises and responsibilities R > Thrive on fascination and accomplishment and not on greed and power > Strive to make each year better than the year before both personally and for the team > Make each day as fun as possible > Do what is best for patient care...

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Masimo annual report-3

infringement lawsuit against Nellcor, we received enough of early investors. While this would have resulted in great personal gain to some insiders, we instead let stockholders keep their preferred shares and fully benefit from a large dividend while we geared up to take our company public. When other companies refused to provide their pulse oximeters for use in home care because of the potential liabilities vis-à-vis high-risk patients, we decided to make our patients on the general floor. Approximately 10 years after products available because we knew they provided the best the introduction...

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Masimo annual report-4

The Masimo product offering Monitors masimo patient Safetynet™* A complete line of bedside and handheld monitors for clinicians in acute and alternate care settings. Wireless remote monitoring and clinician notification system designed to keep patients safe on general care floors. * The use of the trademarks PATIENT SAFETYNET and PSN is under license from University Health System Consortium Circuit Boards The leading pulse oximetry solution, available in more than 100 OEM monitors from 50 leading brands. Our rainbow measurements have also allowed us to increasingly extend Masimo’s reach beyond...

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Masimo annual report-5

® Signal Extraction Technology: Solving the “Unsolvable” Twenty-three years ago, two young engineers asked themselves why pulse oximetry wouldn’t work during patient motion and low perfusion – and by doing so, set a new course that created a revolution in patient monitoring. OVERCOMING THE LIMITATIONS OF CONVENTIONAL PULSE OXIMETRY Performance During Motion and Low Perfusion1 Since its inception, pulse oximetry was plagued by unreliability when it was needed most – during patient motion and low perfusion. The industry had given up and considered the problem “unsolvable” Clinicians . FALSE ALARM...

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Masimo annual report-6

True & False SpO2 Alarm RateS of Masimo SET vs. 19 Competing Pulse Oximetry Technologies1 Industry-leading Pulse Oximetry Solution 100 90 Philips 24C Philips CMS-B Datex-Ohmeda 3740 Nellcor N-395 Datex-Ohmeda AS-3 Datex-Ohmeda 3800 Datex-Ohmeda 3900 Nellcor N-200 Philips CMS Nellcor N-295 GE 8000 Novametrix MARS Nellcor NPB-190 Nellcor NPB-180 Novametrix 520A Spacelabs 90308 Nonin 8600 BCI 3304 Criticare 5040 70 Sensitivity (%) Masimo SET is the world’s leading pulse oximetry technology, proven by both independent and objective research and the real-world success of our customers and partners....

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Masimo annual report-7

Freeing Hospitals to Choose the Best Technology for Patient Care Masimo has also helped change and improve healthcare by being a champion for free choice in the market and the protection of new technology development. Group Purchasing Reform Masimo has fought hard to prevent this type of behavior, A short decade ago, many hospitals wanted to choose testifying twice at Senate hearings regarding these practices Masimo SET pulse oximetry to provide the best care for their and bringing a successful antitrust suit against Nellcor, a patients, but could not do so because their group purchasing division...

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Masimo annual report-8

Supporting Clinicians in Reducing Blood Transfusions and Detecting Bleeding Earlier with SpHb ® With the rainbow® measurement platform including noninvasive total hemoglobin (SpHb), Masimo technologies aid some of the most common, costly, and critical decisions made in healthcare. Reducing UNNECESSARY BLOOD TRANSFUSIONS While blood transfusions are critical to avoid organ damage and sustain life when hemoglobin levels are unstable or very low, mounting evidence shows that transfusions increase 30-day mortality by up to 38% and 30-day morbidity by up to 40%.1, 2, 3 Blood transfusions are also...

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Masimo annual report-9

Aiding Clinician Assessment of Fluid Responsiveness and Fluid Management Fluid administration is one of the most common hospital interventions. Although it is critical to improving patient status and enabling end organ preservation, unnecessary fluid administration is associated with increased morbidity and mortality.1 Fluid Non-Responders Detection This observational study evaluated 25 surgical patients before and after volume expansion, with fluid responders (sensitivity) defined as a cardiac index increase of>15% and fluid non-responders (specificity) defined as a cardiac index increase of...

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Masimo annual report-10

Helping Improve Outcomes on the General Floor with Masimo Patient SafetyNet™ As part of our mission to take noninvasive monitoring to new sites and applications, Masimo SET has enabled accurate and reliable monitoring in care areas where conventional pulse oximetry has faltered, such as the general floor of hospitals. REDUCING RESCUES AND ICU TRANSFERS Clinical Impact of Masimo SafetyNet1 For many years, clinicians have understood the risks of not continuously monitoring patients on the general 65% 135 48% floor. However, excessive false alarms due to patient motion made improving the safety...

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Masimo annual report-11

Integrating Measurements to Enable Meaningful Use Clinician-centric Monitoring Today’s challenging hospital environment exposes clinicians to increasing amounts of information with expanding documentation requirements. Masimo innovation simplifies and automates this process, streamlining workflow and improving patient safety by empowering clinicians to focus on patients rather than technology. My View™ empowers clinicians to see what they want, when they want to see it. The level of needed information can change dramatically by clinician and care area, but medical devices historically function...

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*Prices are pre-tax. They exclude delivery charges and customs duties and do not include additional charges for installation or activation options. Prices are indicative only and may vary by country, with changes to the cost of raw materials and exchange rates.