23 min

Surgical Cost Reduction and Spend Management w/Kermit CEO Richard Palarea Improve Healthcare

    • Health & Fitness

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 it’s founding in 2011, Kermit has saved hospitals more than 200 million dollars 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.

Learn More About Kermit

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 it’s founding in 2011, Kermit has saved hospitals more than 200 million dollars 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.

Learn More About Kermit

23 min

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