Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

October 25, 2016

Miga Solutions News

Miga Solutions Awarded Contract by Vizient to Provide Next-Generation Asset Disposition Solution to Members

Plymouth, MN October 25, 2016 Miga Solutions, developer of the pioneering Benchmarking 2.0® methodology that helps hospitals reduce medical equipment lifecycle costs, today announced that it has been awarded a contract with Vizient, Inc. the largest member-driven health care performance improvement company in the country. The three-year relationship will give Vizient members optimal pricing on Miga’s industry-leading asset disposition program, as well as the option to utilize the full breadth of Miga’s medical equipment lifecycle savings solution and its innovative Equipment Value Management System® (EVMS).

Miga’s asset disposition program is based on a proven data-driven methodology and is a core component of Miga’s total lifecycle solution, supported by its industry-leading EVMS.  EVMS combines the most accurate and comprehensive medical equipment pricing information with expert and specialized services that enable hospitals to identify and realize 12-16% annual savings on all their medical equipment lifecycle costs.  This represents potential savings of as much as $11 billion of the $93 billion hospitals currently spend each year on medical equipment.

Miga has relationships with hundreds of leading hospitals across the United States, including a number of existing Vizient Members. Since 2012, Miga has been a regional Vizient Supplier through its Upper Midwest Consolidated Services Center (UMCSC) and looks forward to expanding its relationship to the national level.

Continued Robson: “We’re fully committed to leading the charge to address current inefficiencies in the medical equipment lifecycle, helping US hospitals to drive out unnecessary medical equipment costs”

About Miga Solutions

Miga Solutions has been enabling leading hospitals to lower their annual medical equipment costs since 2004. Miga’s proprietary Benchmarking 2.0® platform, Equipment Value Management System® (EVMS), combines the most complete and accurate pricing information on medical equipment with expert and specialized services that together enable hospitals to benchmark, make, and implement more cost-effective spending decisions across the entire medical equipment lifecycle.

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

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."