Richard Palarea

Richard Palarea Email and Phone Number

Business Growth Coach @ Bloom Growth™
Baltimore, MD, US
Richard Palarea's Location
Hunt Valley, Maryland, United States, United States
Richard Palarea's Contact Details

Richard Palarea personal email

n/a

Richard Palarea phone numbers

About Richard Palarea

Utilizing more than 40 years in proven spend management approaches, PA & Associates Healthcare (a.k.a. Kermit) provides spend management for hospitals and other facilities with a critical spend in Physician Preference Items (implantable medical devices). In addition to world-class analytics, benchmarking and negotiation techniques, the true differentiation is their purpose-build cloud application Kermit®; the category leader in bill-only surgical management.Kermit is a collaborative analytic platform that delivers insight to the fragmented and complex category of physician preference items (implantable medical devices) for the surgeon, executive and supply chain. Kermit is different than other solutions:- Accurate data every stakeholder can rely on; our data is captured directly in the operating room to ensure accurate that accurate usage stats and important clinical demograhics are recorded- Contract compliance and bill audit engine; automated checking of every vendor bill to ensure contracted pricing is honored and contract terms are enforced- Dashboard analytics; Executives, surgeons and supply chain can now see and measure what's important with drill-in capabilities for discussions with their data and management of programs- Cloud-based; Kermit is quickly provisioned and deployed for one hospital or an entire health system without any IT involvement- Easy subscription model; annual subscription requires no up-front investment and no long-term commitment. Volume discounts available for multi-site hospital systems

Richard Palarea's Current Company Details
Bloom Growth™

Bloom Growth™

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Business Growth Coach
Baltimore, MD, US
Richard Palarea Work Experience Details
  • Bloom Growth™
    Business Growth Coach
    Bloom Growth™
    Baltimore, Md, Us
  • Kermit (Pa & Associates Healthcare)
    Ceo & Co-Founder
    Kermit (Pa & Associates Healthcare) Jan 2011 - Present
    Hunt Valley, Maryland, Us
    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. Since its foundation in 2011, Kermit has saved hospitals more than $200 million and manages 40% of the implantable device spend transacting in Maryland. Kermit has been recognized in multiple years as an Inc. 5000 company and by the Baltimore Business Journal as a Fast 50 company and a Top Software Company ranked by local revenue, as well as SmartCEO’s Future 50. Kermit is the recipient of industry awards, including the Federation of American Hospitals’ Heartbeat of Healthcare for its work as an innovative partner helping hospitals manage costs during a global pandemic.Prior to co-founding Kermit, Richard was the CEO and founder of PA & Associates, the originator of the logistics 4PL category in parcel package cost reduction and spend management (acquired by Prostar Logistics). Richard has led software development and internal IT support teams at enterprise content management leader AIIM International and was the marketing director for Directfit, a venture-baked and fast-growing national technical staffing company first to market with candidate video technology and matching algorithms in the 1990s (acquired by Aerotek). Richard’s first company, PA & Associates Real Estate Appraisal Network, exposed him to the rigors of real estate appraisal and all aspects of running a growing business in the Southern California market during the real estate boom and the savings and loan crash of the late 1980s.
  • Eo Baltimore
    Board Member, Co-Chair Of Strategic Alliance Partnerships
    Eo Baltimore Jul 2024 - Present
    Baltimore, Maryland, Us
  • Eo Baltimore
    Board Member, Co-Chair Of Membership
    Eo Baltimore Apr 2022 - Present
    Baltimore, Maryland, Us
    Entrepreneurs’ Organization helps entrepreneurs achieve their full potential in their business and personal lives. Co-chair for Membership in Baltimore, MD
  • Eo Baltimore
    Member
    Eo Baltimore Nov 2021 - Present
    Baltimore, Maryland, Us
  • Eo Baltimore
    Membership Chair
    Eo Baltimore Jul 2022 - Jun 2024
    Baltimore, Maryland, Us
    The premier global organization for entrepreneurs to manage and grow as a business owner and a quality person in all facets of life. www.eobaltimore.org
  • Healing The Hospital Podcast
    Host
    Healing The Hospital Podcast Oct 2022 - Present
    Our nation's hospitals are in trouble. From inflation and shrinking margins to unprecedented labor shortages and unforeseen supply chain challenges, American hospitals are struggling to keep their doors open. After a pandemic that saw our hospitals and healthcare system serve admirably to keep us all safe and healthy, it is time that we return the favor. Across the nation, there are an unlimited number of Hospital Healers, people who are working diligently to solve the problems that these hospitals now face. The Healing the Hospital Podcast was created to tell their stories, and highlight and celebrate their amazing work while connecting them with the hospitals and health systems that could benefit from their help.
  • Dreamit Ventures
    2016 Digital Health Cohort Alumni
    Dreamit Ventures Mar 2016 - Jul 2016
    New York, Ny, Us
    Forbes labeled Dreamit at Gold level top technology accelerator for 2016. Kermit was selected as one of over 1,500 technology applicants in the digital health and education technology space to participate in the Spring Health cycle. A mere 15 digital health companies were chosen to the cohort.
  • The Center For Spend Management Excellence
    President, Founder And Founding Member
    The Center For Spend Management Excellence Jan 2009 - Dec 2013
    Annapolis, Md, Us
    The lifeblood of business enterprise is a series of daily financial and administrative processes that enable organizations to monitor and control expenses, track payments and invoices, purchase goods and services, and organize and manage workflow. The Center for Spend Management Excellence (CSME) promotes best practice development for expense reduction and spend management among its members and provides completely outsourced projects for its clients on a global basis.CSME possesses strategic expertise and proven spend management experience in a number of direct and indirect spend areas including logistics (freight and small package), telecommunications, waste management, energy procurement, sales tax audit, property tax audit, engineering-based cost segregation analysis, printing and print management, media buy, 401(k) cost management, and a number of other disciplines. Through its screening and certification process, CSME has defined a minimum level spend management approach and delivery of services that allows a CFO or CPO easy access to pre-qualified experts in a variety of spend disciplines. The organization also furthers the practice of spend management through its seminars, educational opportunities, networking functions and publications.CSME is the CFO's best friend.
  • Pa & Associates, Inc.
    Ceo & Founder
    Pa & Associates, Inc. Jan 2003 - Dec 2013
    Timonium, Md, Us
    Acquired by Prostar Logistics 2013 - PA & Associates, ranked in the Top 50 Fastest Growing Private Companies and in The Largest Turnaround & Management Consulting Companies lists by the Baltimore Business Journal, provides best practice logistics spend management strategies and tools for mid and large market organizations. The organization has been featured by Microsoft in "Success Stories", Startup Nation as a "Top Financial Performer" and appeared on USAir's SkyRadio on the in-flight program "Industry Innovators -- Best of Breed".Through stringent analysis of present shipping patterns, a proven request for proposal (R.F.P.) framework, traditional consulting practices, third-party negotiating and ongoing data analysis, clients realize an average reduction in shipping expenses of 42% through the initial project. Additional savings and optimization are realized through use of analytic tools delivered over the Web. The innovative model for contingent-fee consulting requires us to be right - 100% of the time - or we don't bill our clients for the project. With longevity nearing three decades, we have a track record that speaks for itself.The combination of powerful negotiations, web-based enterprise shipment procurement and post-shipment auditing and recovery make for a compelling case in creating a lean environment.Our team has worked for the very carriers they now negotiate with, allowing us to leverage our knowledge of RFP responses, pricing techniques and a number of programs not usually available to the end-user. Our clients have enjoyed collective savings reaching into the hundreds-of-millions of dollars. Brands such as Oriental Trading Co, Utz, D-Link, Cleveland Golf, Lionel, JDA Software, Kaenon Polarized, MICROS, Phillips Foods, State of Maryland, Dave & Busters, Legg Mason, Danskin, Edwin Watts Golf and Verifone are among the companies we’ve helped.
  • Aiim International
    Vice President, Technology
    Aiim International Jan 1999 - Dec 2003
    Silver Spring, Maryland, Us
    Senior staff leadership. Managed IT staff responsible for client/server applications, network administration, help desk/desktop support, organization's main ERP/CRM application, website and web application development.Milestones:1999 - Introduced the concept of dynamic, data-driven website to serve members2000 - Strategic and project management of two high-profile, external projects and partnerships with Kodak, Lockheed Martin and international event websites requiring custom application workflow and development. All projects delivered ahead of schedule and on budget. Success metrics and for the projects were achieved.2001 - Re-branding and launch of new corporate website.2002 - Introduction of e-commerce capabilities, architected and oversight of portal development for the same. Architecht, program management and graphic design oversight for 40 chapter portals under rapid application development/deployment cycle, requested case study speaker at a number of conferences.
  • Integrated Partnerships - Directfit
    Marketing Director
    Integrated Partnerships - Directfit 1994 - 1999
    All internal marketing strategy, public and private website design, collateral material and support for 18 nationwide staffing offices in top-tier markets. Guided marketing and communications from startup environment of 10 employees to over 200 employees and multiple venture capital rounds. Instrumental in the corporate re-branding (logo, company name, company positioning) process during pre-IPO period, managed advertising agency relationships. Produced multiple offsite corporate retreat events and conferences and managed all professional and social aspects of the same.
  • Richard Palarea & Assoc Real Estate Appraisal Network
    President
    Richard Palarea & Assoc Real Estate Appraisal Network Jan 1989 - Dec 1994
    Licensed real estate appraiser, state of California. Owned and managed residential and commercial real estate appraisal company serving the Southern California area. Either personally or as an organization placed valuation on single family residences, multi-unit dwellings, apartment buildings, hotel/motels, commercial property and vacant land. Over $600,000,000 in valuation placed.

Richard Palarea Skills

Start Ups Strategy Strategic Planning Leadership Business Strategy Business Planning Project Management Management Contract Negotiation Negotiation Marketing Strategy Shipping Marketing Operations Management Business Development Management Consulting Process Improvement Business Process Strategic Partnerships Enterprise Software Entrepreneurship Logistics Management Transportation Procurement Supply Chain Management P&l Management Outsourcing Pricing Analysis Healthcare Consulting Healthcare Analytics Spend Management Cloud Applications Optimization Cost Efficiency Analytics Contract Negotiations Healthcare Spend Management Healthcare Procurement

Richard Palarea Education Details

  • San Diego State University
    San Diego State University
    Marketing
  • Woodrow Wilson High School
    Woodrow Wilson High School

Frequently Asked Questions about Richard Palarea

What company does Richard Palarea work for?

Richard Palarea works for Bloom Growth™

What is Richard Palarea's role at the current company?

Richard Palarea's current role is Business Growth Coach.

What is Richard Palarea's email address?

Richard Palarea's email address is ri****@****aaa.com

What is Richard Palarea's direct phone number?

Richard Palarea's direct phone number is +126796*****

What schools did Richard Palarea attend?

Richard Palarea attended San Diego State University, Woodrow Wilson High School.

What are some of Richard Palarea's interests?

Richard Palarea has interest in Health.

What skills is Richard Palarea known for?

Richard Palarea has skills like Start Ups, Strategy, Strategic Planning, Leadership, Business Strategy, Business Planning, Project Management, Management, Contract Negotiation, Negotiation, Marketing Strategy, Shipping.

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