Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

January 08, 2013

Miga Solutions News

Miga Solutions Launches Flagship Equipment Value Management System® (EVMS)

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.

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."