Washington, DC, March 8, 2022 - Kermit, healthcare's first cloud-based spend management application for implantable medical devices, was awarded today with the Heartbeat of Healthcare Supplier Award presented at the Federation of American Hospitals Annual Conference and Exposition.
The Heartbeat of Healthcare Award recognizes the dedicated supply chain professionals and groups that have been quietly improving patient care, accelerating innovation and building resilience across their communities. This annual award acknowledges two vital players in the health care industry: providers and suppliers.
"Kermit is honored to receive the Heartbeat of Healthcare Award for 2022," said Rich Palarea, Kermit co-founder and CEO. "This award is a direct reflection of the amazing work of the Kermit team, and would not have been possible without their dedication and unparalleled expertise."
"The health care industry has faced unfathomable tests and trials throughout the past two years, but through innovation and cooperation found solutions when presented with each new obstacle," said the Federation of American Hospitals. "Throughout the COVID-19 pandemic, dedicated professionals working within the health care supply chain served their communities behind the scenes, ensuring health systems received the necessary tools and equipment to save countless lives."
Kermit, was recognized for the ability to halt areas of overpayment by leveraging software and artificial intelligence to identify price creep in paper bill sheets. In addition, Kermit's ability to create inclusion and collaboration across multiple departments within hospitals was also highlighted.
“Kermit sits at the intersection within the hospital workforce, interfacing directly with supply chain, finance, and surgeons as well as related period groups,” said Chaun Powell from Premier when presenting the award.
The Heartbeat of Healthcare committee members who help organize the awards and chose this year's winners:
- Chaun Powell, Premier (Co-Chair)
- Joe Walsh, Supply Chain Sherpas (Co-Chair)
- Kerry Price, FAH (Co-Chair)
- Mike Schiller, AHA, AHRMM (Co-Chair)
- Nancy Anderson, SMI
- Christine Choi, FAH
- Joey Dickson, HealthTrust
- Chuck Fontana, Allergan
- Nelson Hendry, HCP
- Vicky Lyle, Professional Women in Healthcare
- Heather Mallinckrodt, Vizient
- Tom Mittelstadt, Beckman Coulter
- Ken Murawski, Healthcare Links
- Brent Petty, IDN Summit and Bluegrass Media
- Manpreet Sandhu, HIDA
- Kevin Stout, MedSC
- Jennifer Taylor, UHS
- W. Hays Waldrop, IHES
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.