Hunt Valley, MD, April 18, 2023 – Power Supply, a leading provider of hospital supply chain information and solutions, has named Kermit CEO Rich Palarea the Implant Spend Management Expert in their long-running Expert Series TM.
Power Supply’s Expert Series highlights leading experts in unique areas of healthcare supply chain, providing tips, suggestions, and solutions for common pervasive problems faced by many of the nation’s hospitals and health systems.
The first edition in Palarea’s expert series, titled “The Challenges of Implant Spend Management: Surgeons Choose & Hospitals Pay,” went live to the Power Supply LinkedIn page earlier this week.
“I am excited to join the Power Supply Expert Series and shed light on the complexities of implant spend management,” said Palarea. “This expertise extends beyond me, and is truly the culmination of the joint expertise of the entire Kermit team. I am honored to be able to share their collective knowledge and insights with the continued goal of helping hospitals and health systems find necessary savings and process improvements in the spend category of physician preference items.”
New editions of the Expert Series will be posted each month for the next twelve months. Upcoming topics include:
- The Challenges of Implant Spend Management: Non-Contracted Items
- The Bill-Only Process: Who the &%!@ Designed This!?
- Three Important Elements of Surgeon Alignment for Implant Cost Reduction
- Three Implant Vendor Negotiation Tactics and How to Counter Them
- And more
Since 2012, Kermit has used a combination of purpose-built software and expert strategic advisory services to save nearly $250M for hospitals and health systems in the area of physician preference items.
About Kermit:
Founded in 2012, Kermit is a collaborative analytics platform that delivers insight to the fragmented and complex category of physician preference items (implantable medical devices), allowing surgeons, executives, and supply chain personnel to reduce spend without disruption. Boasting a team of experts with decades of experience across all aspects of PPI spend management, Kermit enhances their tech-enabled solutions by partnering each client with strategic advisors who assist in vendor negotiations, highlight key areas of improvement, and provide guidance on further PPI spend reduction. To learn more about Kermit, visit kermitppi.com.