Plymouth, MN – January 8, 2013 – Miga Solutions, a company committed to maximizing the value of equipment spending for US hospitals, today announced the launch of its flagship Equipment Value Management System® (EVMS). EVMS arms hospitals with information that most manufacturers and suppliers don’t share and is not available from other sources. Without having information about the 70% of costs that occur after new equipment has been purchased, hospitals are leaving significant savings opportunities on the table every year.
“We are thrilled to unveil a platform and concept we’ve been working on for some time,” said Peter Robson, CEO of Miga Solutions. “Hospitals in the US spend nearly $73B every year to purchase and maintain medical equipment and our experience indicates that $9B of this could be saved if they could confidently identify and implement more cost effective equipment spending decisions.”
EVMS is powered by Miga’s proprietary database of historical and real-time pricing data based primarily on pre-owned equipment transactions and equipment service and repair costs. Miga’s data includes actual trade-in values, the prices paid by hospitals and buyers for equipment, service/repair costs, as well as best practices, industry insights and other valuable information most suppliers don’t share with hospitals. This data is aggregated from Miga’s global network of more than 50,000 sources and currently covers more than 20,000 different types of medical equipment.
There is no hardware or software to buy and hospitals can be up and running in as little as 30 days without having to make any internal operating changes. Most importantly, EVMS is a self-funding solution guaranteed to pay for itself from the savings it generates.
“While disposition services remain a cornerstone of our business, we are excited for the potential of EVMS to help hospitals gain a complete view of total lifecycle spending, be confident they are making the most informed, cost effective equipment spending decisions and find new ways to drive out unnecessary costs and recover maximum value from current equipment assets.”
About Miga Solutions
Since 2004, Miga Solutions has been helping hospitals generate significant annual savings by lowering the costs of their entire medical equipment lifecycle.
Hospitals in the US spend nearly $73B every year to purchase and maintain medical equipment. Miga’s experience indicates that $9B of this annual spending can be saved if hospitals just had access to the information and tools they need to confidently identify and implement more cost effective equipment spending decisions.