Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

December 04, 2024

Industry Tips

Supply Chain Disruptions: Get the Truth, and Get It Quick

In today’s volatile, post-pandemic economic environment, supply chain disruptions are unfortunately more commonplace than any of us would like them to be. When things do go sideways, however, many supplier reps are still too slow in communicating the disruption with hospitals. This can happen for any number of reasons: some are still holding out for a miracle, some are trying to “protect you from bad news”, and some are just plain slow. No matter the reason, however, reps keeping you in the dark makes it harder to plan for delivery timing changes at the last minute. Hospital operations are complicated enough without having to guess at whether medical equipment and supplies will be delivered on time. But while the problem is extremely complicated, the solution isn’t: don’t guess.

Demand accurate, up-to-date information from supplier reps – especially in volatile situations. There’s a saying: “If it’s good news, tell me quick. If it’s bad news, tell me faster.” That’s exactly the approach you need to take with your supplier communications during potential supply chain disruptions, because it’s impossible to make good decisions using bad information. Establish an expectation that timely information is ALWAYS required – because you can handle the truth, no matter what it is. And remember: try your best to be understanding whenever the rep has bad news for you. They’re often communicating circumstances over which they have no direct control. Take a breath, thank them for the update, and then get to work on executing a backup plan.

One hospital recently learned the value of timely truth when an important order of surgical products kept getting delayed. After months of frustration managing shortages and receiving inaccurate updates, the hospital was ready to switch suppliers. In a final heart-to-heart discussion with the supplier, however, the rep admitted that she was anxious about sharing bad news prematurely, instead preferring to wait until there was more certainty before communicating with the hospital. And while that approach was understandable, it was ultimately unhelpful. The hospital reminded the rep that in volatile environments, honesty isn’t just the best policy – it’s the ONLY policy. The last-ditch conversation with the rep paid off: she immediately began providing more accurate daily updates, and she even helped implement a contingency plan. In the end, the hospital avoided having to switch a key supplier on the fly, weathering the crisis with zero interruption to patient care.

Know the right price.

And get it.

Having the right information saves hospitals time and money on medical equipment lifecycle costs.

Scott Bosch

Director of Clinical Engineering

HealthPartners

“The groups responsible for managing technology in our healthcare organization need data and analysis to manage costs and make informed decisions. Miga’s EVMS platform is an important and valuable resource that helps us make the right decisions for both our clinical priorities and budget.”

Matt Werder

Chief Technology Officer

Hennepin County Medical Center

“Miga’s data is key to helping us be good financial stewards and validates we are using our resources wisely. The market intelligence provided by Miga’s EVMS platform has allowed us to save substantial amounts of money.”

"Miga’s ability to match equipment donated by their customers with the needs of our medical projects has been a most valuable and welcomed resource."

Jim Tierney

CEO

Suburban Radiology

“Miga’s data, analysis and expertise – in particular related to the fair market value of clinical equipment – is a critical resource we need to support strategic acquisitions, divestitures and joint ventures.”

Eric Hoag

Director, Corporate Strategy & Development

Allina Hospitals and Clinics

“Miga’s proprietary data and expertise was critical to our ability to close an acquisition deal quickly and with a high level of confidence in our valuation.”

Bill Barta

Corporate Director, System Imaging

Fairview Health Systems

“Miga’s objective information-based approach and understanding of the needs of hospitals makes them a valuable resource and helps us make the most cost effective spending decisions.”

Matt Blashill

Enterprise Director of Supply Chain

Lake Region Healthcare

"There’s a personal touch that sets Miga apart from their competitors. They don’t just offer great insights. They always take the time to provide additional analysis that is meaningful and actionable."

Dan Bazinet

Director of Clinical Engineering

Southcoast Health

“In all my years in health care, I’ve used a lot of benchmarking tools. Most simply repeat information passed along from others; Miga’s information tells me what’s really happening.”

COO

Community Hospital

"Miga's negotiating skills save us time and money. And their unique understanding of the market means we’re always playing from a position of strength."

Supply Chain Director

Regional Healthcare System

“All suppliers claim to have excellent customer service. Miga actually walks the talk and always has our best interest at heart. We love working with them."