Kermit Delivers Innovative Analytics Platform on Mendix to Help Hospitals Optimize PPI Spend
Rapid Application Development Platform Enables SaaS Solution to Be Quickly Adapted to Changing Market Needs and Individual Customer Requirements
BOSTON – March 15, 2016 – Mendix, a leading application Platform-as-a-Service (aPaaS) provider, today announced that innovative healthcare startup Kermit has utilized the Mendix platform to custom-build an analytics platform. The platform provides hospitals with greater insight into, and control over, Physician Preference Items (PPI) spend, resulting in millions in cost savings and enhanced patient outcomes.
While hospitals spend a significant amount on PPI, such as artificial knees and hips, and cardiac defibrillators, leads and stents, they often lack the visibility required to manage and optimize these costs. Kermit addresses this issue by providing surgeons, supply chain managers and executives with real-time data on implantable medical device transactions. The cloud-based application captures and centralizes billing info, running automated contract compliance and price audits to ensure vendor agreements are being followed. As a result, hospitals are able to save millions of dollars.
Conceived by executives with deep industry expertise, Kermit was built by a small team of business-oriented developers in a matter of months using Mendix’s rapid application development platform. Once completed, the company continued to enhance the SaaS application, using an iterative development approach to build, test and deploy new features in days, not months. The Mendix platform also allows Kermit to be quickly customized to the unique needs of each hospital, ensuring a rapid implementation.
“The costs of medical device implants are out of control, and the market was ripe for a solution that would fix a broken model,” said Richard Palarea, CEO and co-founder of Kermit. “Kermit is the most disruptive business intelligence application in the segment in the last decade. If we had used traditional development methods, we never could have built an application with the speed, cost-effectiveness and breadth of features we did using Mendix.”
Using the Mendix platform, Kermit developers have delivered a comprehensive set of capabilities and business rules, enabling:
- Accurate data – Figures are captured right in the operating room to ensure usage stats and clinical demographics are instantly and centrally available, from any device
- Contract compliance – Every vendor bill is automatically checked to ensure contract pricing is honored and hospitals are paying the right amount for PPI
- Advanced analytics – Built-in analytics allow Kermit staff to research and display savings opportunities to clients while enabling clients to do their own analysis and data visualization.
“In today’s digital business environment, the companies that lead are the ones that make bold moves to disrupt their markets,” said Derek Roos, CEO and co-founder of Mendix. “Using the Mendix platform, Kermit’s leaders turned their vision for more accountable PPI spend management into reality with unprecedented speed and agility.”