Ep 26: Making Things Easy: Increasing Profits, Creating Culture, And Giving Back

Richard Palarea is the CEO of Kermit, 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 founding 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.

Listen to this latest episode of Profits with Purpose where we talk with Richard Palarea about demystifying your bills and increasing profits.

In this episode, we discuss:

·      The intersection between data and lack of transparency from vendors

·      Demystifying how pricing works

·      Negotiation as a path to both parties fulfilling a need

·      Advancements in technology to create customized applications with relative ease

·      Branding and creating a sense of personality

·      Honoring a work-life balance

·      Team building and giving back to the community at the same time

I hope you find this episode as informative and as exciting as we have. Richard was so generous to share with us how we can make things easier and make a difference at the same time.

Please let us know your thoughts!

Connect with Richard Palarea:

Website: https://www.kermitppi.com/

Linkedin: @kermit

Connect with Marc Freedman:

Email:       support@evolvedprofits.com

Website:   https://evolvedprofits.com/

                  https://expensetoprofit.com/

LinkedIn:  https://www.linkedin.com/in/freedmanmarc/ 

Twitter:     https://twitter.com/ExpenseToProfit

Facebook: https://www.facebook.com/expensetoprofit/

Connect with Yanik Silver: 

Websites:  https://yaniksilver.com/

                  https://www.Maverick1000.com/

Twitter:     https://twitter.com/yaniksilver

Facebook:   https://www.facebook.com/yaniksilver

LinkedIn: