Healthcare Cost Reduction and Spend Management

In this episode of Break Everything... Lisa Levy interviews Richard Palarea, CEO at Kermit and podcast host. Kermit is a Baltimore-based healthcare cost reduction and spend management company bringing automation and insight to the high-spend category of implantable medical devices within hospitals and health systems. Since its foundation in 2011, Kermit has saved hospitals more than $200 million and manages 40% of the implantable device spend transacting in Maryland. Kermit has been recognized in multiple years as an Inc. 5000 company and by the Baltimore Business Journal as a Fast 50 company and a Top Software Company ranked by local revenue, as well as SmartCEO’s Future 50. Kermit is the recipient of industry awards, including the Federation of American Hospitals’ Heartbeat of Healthcare for its work as an innovative partner helping hospitals manage costs during a global pandemic. Tune into the episode to hear our conversation: * What does 'surgeons pick, hospitals pay and patients don’t have a say', mean? * How is Kermit’s cloud-based technology saving hospitals millions of dollars per year? * How did Kermit get started? * Connect with Richard on LinkedIn: https://www.linkedin.com/in/rpalarea/ * Visit Richard's business website: https://www.kermitppi.com/ * Follow Richard on Twitter: https://twitter.com/rpalarea * Listen to and subscribe to Richard's podcast, Healing the Hospital Podcast: https://www.kermitppi.com/healingthehospital In each episode of Break Everything... in Healthcare, healthcare leaders dream BIG about paradigm-shifting ways they want to make the Healthcare system more compassionate, effective, and efficient. Subscribe Now to watch the latest Break Everything… in Healthcare Podcast Series: https://www.youtube.com/c/LcubedConsulting?sub_confirmation=1 About Lcubed Consulting: Founded 2009 | Align people, processes and technology | Adaptive Transformation | Thrive and Change | Engage with Leaders | Deliver Results and Value to Customers. Lisa Levy: Founder & CEO of Lcubed Consulting | Trusted Advisor | Helping Leaders Thrive through Adaptive Transformation | Engaging Speaker | Bestselling Author | Video Podcast Host. Watch the Break Everything in… Healthcare Podcast Series: https://youtube.com/playlist?list=PLdrfctHE3GoH5tskvcPUK3mC_wTFj4OgR Connect with Lisa: Linkedin: https://www.linkedin.com/in/lisallevy/ Twitter: https://twitter.com/lisallevy1 Learn more: Lcubed Consulting: https://lcubedconsulting.com Future Proofing Cubed: https://amzn.to/3lFJNPs