It might be hard to accept but the cost of medical supplies and devices can be extremely expensive. Hospitals need them on a daily basis, which means they have to shell out thousands and sometimes millions of dollars every month. And that’s just for keeping the lights on. As we all know, you cannot get by without the equipment, meds, and other supplies your hospital routinely uses.
And our guest today, 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.
In this episode, Dave & Rich talk about…
- How hospitals and surgeons can save money
- The cost of medical supplies used in hospitals
- How did the supply chain adapt to increasing prices worldwide?
- Innovation in healthcare
- The medical product negotiation process
Resources Mentioned:
Contact Dave for a free 30mins strategy session: (612) 284-2409
Ebook to Road to Retire Contact: 833-343-2986
Connect with Rich Palarea
Website: KermitPPI.com
LinkedIn: Rich Palarea & KermitPPI
