Rich Fortunes: Becoming an Honoree of Baltimore’s 50 Fastest-Growing Companies
Founded in Baltimore in 2011, Kermit, a medical device spending healthcare management company tracks physician spending whilst maintaining patient well-being by managing on medical costs with low-code Mendix-made systems. Kermit’s platform uses Mendix to iterate systems quickly, trial new medical services and market products that drive additional business. For example, by collecting the specified lot numbers of medical devices, Kermit’s Mendix-made systems are able to forecast on budgets accurately and track medical spending based on real-time documented data. Rich Palarea, CEO of Kermit says that, “Mendix helps us to keep our systems up and running with very aggressive service level management.” With Mendix, Kermit is able to provide unparalleled transparency into their medical device spending and reduces on the calculation time that hospital executives spend to evaluate vendor negotiations.