Ep 051 - Transforming the Antiquated Process of Surgical Billing and Savings Millions in the Process for Hospitals and Health Systems - Rich Palarea of Kermit

Did you know how hospitals bill their patients for surgeries? Wondering what all those itemized pieces on your bill are when you receive your statement of work? Surgeons, nurses, and medical device sales professionals move like a ballet in the operating room, so how do we change the antiquated paper-billing process of a long surgery for the hospital and patient without disrupting that flow?

Introducing Richard Palarea, 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. He's discovered the million-dollar idea that many have failed to cultivate until now, and he's implemented it in multiple hospitals to save them an enormous amount of money. Listen to today's episode to discover how he transformed the billing process with his software and saved health institutions millions of dollars along the way.

Kermit's Referral Program: https://www.kermitppi.com/portfolio-pulse