Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

April 24, 2024

Industry Tips

Is Your Capital Checklist Complete?

There are many different elements hospitals need to validate when buying medical equipment. System configuration, options, accessories, consumables, networking, trade-in, cybersecurity, service contracts, training, and much more are all important so you can actually use the equipment you are buying. And is the price being quoted consistent with prices other hospitals are paying? With so many details to consider, how can you be confident there isn’t one you’ve overlooked?

Make a (check)list, check it twice (or more). Make a detailed checklist to guide your purchase process that includes all the fine details that may be needed. While suppliers don’t tell you if their quote is “naughty or nice,” using a detailed checklist can. The checklist will help ensure equipment is delivered, installed, and available for patient care without delay or added cost.

A Miga client recently avoided an expensive pitfall when buying a new linear accelerator. Given the complexity of the new system, the hospital built a detailed checklist of all the critical items needed for implementation. In the final review, the checklist identified a critical electrical panel that was left off the supplier quote. By catching this early, the hospital was able to order the part and avoid $70,000 in the cost overruns it would have incurred.

Know the right price.

And get it.

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

Scott Bosch

Manager of Clinical Engineering

Park Nicollet Health Services

“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


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.”


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."