Kermit PPI

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Kermit PPI is an analytics and workflow software platform with a suite of applications that deliver actionable insights into the fragmented spend category of physician preference items (PPI); aka implantable medical devices. The Company delivers a complementary technology-enabled services wrap-around offering.

Kermit equips supply chain managers, surgeons, and hospital executives with real-time data on implantable medical device transactions, offering unprecedented visibility, negotiation power and contract compliance capabilities that is saving each hospital client millions of dollars annually.

kermitppi.com 

Sal DeTrane met Kermit’s founders in 2013 and has informally advised the CEO until 2H 2019 when he re-engaged to advise and assess their growth plan with the Empactful team. Since 2020, Empactful Capital has been formally engaged with Kermit in developing its Growth Plan including go-to-market plan and organization development initiatives and recruiting key executives, Advisors and Board members to lead and support strategy and execution.

EC has unparalleled expertise in hospital analytics and financial health solutions given multiple executive roles at leading organizations such as MedeAnalytics, Executive Health Resources, OnFocus Healthcare, Versalus Health amongst others.

Lack of visibility into hospitals’ and surgery centers’ spend in high cost, complex medical devices costs the U.S. health care system billions of dollars in unnecessary supply chain spend. This capital can be redirected to fund new value-based care models and improve their financial health when they face their most significant long-term viability challenges. Kermit’s solutions have been proven to produce 5x – 20x+ ROIs in case studies with their hospital clients over the last 7 years.

Growth Plan Results:

• Hospital Market Validation & Expansion: Empactful provided SMEs whose expertise and relationships is enabling Kermit to validate and refine its value proposition, and expand its total available market and geographic focus.
• CEO & Executive Team Mentorship: Empactful’s team has mentored the CEO and broader founding team and Board, plus supported team, Board and overall organizational development in support of growth milestones achievement.
• Team Development: Empactful recruited their Chief Growth Officer to execute its Go-to-Market Plan in Q1 2021 and a highly experienced Executive Chairman to support the team and Board in Q4 2020.
• Growth Funding: During 2022, the Company is preparing for its first institutional funding round as the founders have large boot-strapped the business through significant revenues and profitability. The growth round will enable the Company to rapidly scale the business and achieve significant revenue growth.