Blending industry experience with innovative thinking

Our company is built on the idea that better PPI spend management requires a better way to build partnerships between administration and surgeons. We created Kermit, an analytics platform that does just that, with a team that draws on its deep understanding and experience in the medical device industry where it counts; clinical expertise, supply chain management, procurement, cost control and the appreciation for the intricate worlds of the surgeon, hospital administration and suppliers.

Formed in 2011 in Baltimore, Maryland, we’ve implemented Kermit within hospitals across the country who now use a collaborative approach and our evidence-based framework to bring control of PPI spend back where it belongs.

The Team

The Directors

John P. Owens

Managing Director of Services & Co-Founder

John brings two decades of executive sales experience and hundreds of pricing round negotiations as a hospital vendor to his role as Director of our Services offering. Kermit gets a significant boost from the countless hours John spent in hospital operating rooms and with surgeons as an Account Executive within the PPI industry. The stewardship and trust he developed with hospital administration and surgeons is the guiding force behind his desire to see changes in the way the PPI category is managed. John and his group use Kermit's powerful categorization and analytic features to drive supply chain cost reduction and spend management projects for his clients.

John carries the banner for Kermit’s mission, vision and brand promise, which he uses to drive every new Kermit feature and client interaction. John is an avid outdoorsman who loves golf, hiking and fishing and is the founder of Kermit’s in-office lunch tradition "French Dip Friday."

John brings two decades of executive sales experience and hundreds of pricing round negotiations as a hospital vendor to his role as Director of our Services offering. Kermit gets a significant boost from the countless hours John spent in hospital operating rooms and with surgeons as an Account Exe…

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Richard D. Palarea

CEO & Co-founder

Richard co-founded Kermit after nearly 30 years at the helm of PA & Associates, a national leader in transportation spend management. His experience in negotiation, bidder relations, application design and development, marketing and all aspects of business management prepared him well for his current role. His passion for the transformative power of collaborative, cloud-based and mobile technologies in business makes him particularly well-suited to lead the Kermit team.

Richard’s work has been featured in The New York Times and Microsoft’s Startup Stories. The Baltimore Business Journal recognized his firm as one of the Fastest Growing Privately Held Businesses and one of the area's Largest Turnaround and Management Companies. When he’s not orchestrating the new landscape of PPI spend management, Richard enjoys personal fitness, church service, taking the checkered flag in high-performance kart racing and investing in the lives of children by coaching youth sports.

Richard co-founded Kermit after nearly 30 years at the helm of PA & Associates, a national leader in transportation spend management. His experience in negotiation, bidder relations, application design and development, marketing and all aspects of business management prepared him well for his c…

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Jason E. Smith

COO & Co-founder

Jason is an energetic leader known for his ability to create successful outcomes in complex situations.  He has over 17 years of progressive management experience in health care, both as a sales executive in the PPI industry and also a critical care provider. Jason's tenure in the medical device industry exposed him to all facets of the operating room environment, where he found a proclivity toward systems and efficiencies. Jason has a high degree of clinical knowledge. This has suited him well in the development of demographic and categorization systems and proprietary algorithms used within Kermit. 

Prior to his time in the medical device industry, Jason was a critical care nurse in a number of cardiac and intensive care units. His attention to detail and calm approach under crisis are welcome additions in managing the operations of a healthcare technology company. As if that doesn’t occupy the majority of his waking hours, Jason is a dedicated year-round coach for youth athletics and enjoys playing golf. 

Jason is an energetic leader known for his ability to create successful outcomes in complex situations.  He has over 17 years of progressive management experience in health care, both as a sales executive in the PPI industry and also a critical care provider. Jason's tenure in the medical device i…

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Key Staff

Mike Kumpf

Product Manager, Lead Developer

Mike is a business engineer with more than 25 years of experience delivering software applications that enable remarkable business outcomes. As Kermit’s Product Manager, Mike is instrumental in balancing customer needs, founder vision and best practice approaches.

Prior to Kermit, Mike consulted for companies in a variety of industries including pharmaceuticals, insurance, banking, telecommunications and consumer packaged goods. Mike co-founded Morningstar Systems, a boutique enterprise content management consultancy started in 1998 and sold to publicly traded IRIS Group in 2007. A Cornell University graduate, he has experience working with government and non-profit organizations and holds several U.S. patents for technologies. When not engineering business solutions for the public and private sector, Mike and his wife enjoy parenting their seven children.

Kimberly Alvord

Client Advocate

Kim is a critical liaison between the hospital users of Kermit and the product roadmap, ensuring that vital user feedback makes its way into the product. Because the category of PPI spend management is complex, the role requires a professional that has walked many miles in the shoes of the users she's supporting -- with Kim, that's certainly the case.

Kim comes to Kermit with nearly two decades of healthcare experience in supply chain, materials management, orthopaedic operating room, healthcare finance, third-party reimbursement and revenue cycle experience. Kim has the unique vantage point of being a Kermit user well before she was part of the team as a daily user of the system while in the role of national director of materials management for National Surgical Hospitals and later as the materials manager for one of the NSH facilities, Arizona Spine and Joint Hospital. During her time at NSH, she was a champion for transparency in orthopaedic and spine utilization and leveraged Kermit to provide reports and dashboards for surgeon engagement and spend management. 

The Associates

Associates

Board of Advisors

Kenneth Bancroft

Kenneth Bancroft

Ken is a retired hospital CEO and CFO from the Baltimore area. Ken has a number of years under his belt as a healthcare executive in the Lifebridge Health System (Sinai Hospital) and the Ascension Health System (St. Agnes Hospital).

Sal DeTrane

Sal DeTrane

Sal is the Chief Analytic Officer at MedeAnalytics, Inc., a venture-backed, pre-IPO population health analytics company. Sal has played a variety of roles that have enabled Mede's rapid growth including leading its strategic planning, business/corporate development, operations and finance functions. 

Martin "Chip" Doordan

Martin "Chip" Doordan

Chip spent nearly four decades of his career with Anne Arundel Medical Center, joining in 1972 as an administrative resident, becoming its president in 1988 and was then named president and CEO of the entire system (Anne Arundel Health System) in 1994.

Jayson Slotnik

Jayson Slotnik

Jayson is a Partner at Health Policy Strategies in Washington, D.C. His experience in the regulatory field of healthcare dates back to 2004 where he served as the Director of Medicare and Medicaid Reimbursements at the Biotechnology Industry Organization.

Matt Stover

Matt Stover

As a two-time NFL Super Bowl champion, Matt knows how to take a disciplined approach and long-term focus to everything he does. The NFL’s fourth-ranked all-time leading scorer, his talents carry off the gridiron in a number of endeavors. Matt formed the Matt Stover Foundation, which is dedicated to improving Baltimore through a variety of programs. Matt has a successful track record of picking winning ideas and teams to invest in. One of his early investments in CreditCards.com was sold for $144 million.

James E. Wood, Jr., M.D

James E. Wood, Jr., M.D

Dr. Wood is a board-certified and practicing orthopaedic surgeon at MedStar Harbor Hospital in Baltimore, MD and presently serves as the chairman of the hospital’s department of orthopaedic surgery. He completed his residency in orthpaedic surgery at the University of California, San Francisco and is widely recognized for his pioneering work in partial knee replacements.

Testimonials

What others are saying

"Surgeons can play a crucial role in the cost, quality and value equation. Kermit enables us all to play in the same sand box."

James E. Wood, Jr., M.D Chief of Orthopaedics MedStar Harbor Hospital

"Kermit has been very helpful in identifying non-contract items being used. With this data, we have been able to identify items needed for contract addenda, potentially reducing our long-term costs of previously non-contracted items"

a Kermit fan OR Implant Coordinator a Maryland Level-1 Trauma Center

"The real-time data and analytic capabilities of Kermit are a game changer for the management of the PPI spend category."

Bob Reilly CFO Anne Arundel Health System

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