Patient Safety Movement Foundation Awarded $5 Million to Help Advance Its Mission to Improve Patient Safety and Reduce Preventable Hospital Deaths

Masimo Foundation for Ethics, Innovation, and Competition in Healthcare Pledges Five Years of Support

IRVINE, Calif.–(BUSINESS WIRE)–#PLAN4ZERO–The Patient Safety Movement Foundation (PSMF), a global organization dedicated to achieving zero preventable hospital deaths worldwide, is pleased to announce the acceptance of a five-year, $5 million grant from the Masimo Foundation for Ethics, Innovation and Competition in Healthcare. The grant will allow PSMF to significantly expand its work to accelerate the awareness and implementation of patient safety processes around the world.

“We believe wholeheartedly in the vision and mission of the Patient Safety Movement Foundation,” said Joe Kiani, Chairman of the Masimo Foundation, Founder, Chairman, and CEO of Masimo, and former Chairman of PSMF. “Now more than ever, supporting PSMF’s work is vital. During this global pandemic, patient safety is especially at risk because our caregivers’ own safety is being compromised as they combat COVID-19. Patient and provider safety are crucial to improving patient outcomes.”

“As part of our responsibility to improve the safety of patients globally, the Patient Safety Movement Foundation will expand its efforts to create additional resources for hospitals and healthcare workers,” said Michael A.E. Ramsay, MD, FRCA, Chairman of the PSMF and Chairman of the Department of Anesthesiology and Pain Management at Baylor University Medical Center. “Our priority is to bring all stakeholders together to work collaboratively on solutions so that we can support the safety of both patients and providers across the world. We’ve always said that the difference between healthcare and aviation is that the pilot goes down with the plane—but with this tragic pandemic, our healthcare workers are also going down, alongside patients, and we are committed to providing resources that can help them to stay safe.”

“We are incredibly grateful to the Masimo Foundation for continuing to believe in our work and showing others that now is the time to invest in patient safety,” said David Mayer, MD, CEO of the PSMF and Executive Director of the MedStar Institute for Quality and Safety. “We must fight for the safety of our caregivers and our patients to achieve zero preventable harm in healthcare.”

To explore the PSMF’s mission, vision and nine strategic aims for the next decade, click here.

About the Patient Safety Movement Foundation

Each year, more than 200,000 people die unnecessarily in U.S. hospitals. Worldwide, 4.8 million lives are similarly lost. The Patient Safety Movement Foundation (PSMF) is a global non-profit that offers free tools to help achieve ZERO preventable deaths from hospital errors. The Patient Safety Movement Foundation was established through the support of the Masimo Foundation for Ethics, Innovation, and Competition in Healthcare to reduce that number of preventable deaths to ZERO. Improving patient safety requires a collaborative effort from all stakeholders, including patients, healthcare providers, medical technology companies, government, employers, and private payers. PSMF’s World Patient Safety, Science & Technology Summit brings together the world’s best minds for thought-provoking discussions and new ideas to challenge the status quo. Our Actionable Patient Safety Solutions (APSS) provide evidence-based processes to help hospitals eliminate errors. Our Open Data Pledge encourages healthcare technology companies to share the data for which their products are purchased. Visit patientsafetymovement.org.

Contacts

Ariana Longley

media@patientsafetymovement.org
(877) 236-0279