Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

May 05, 2015

Miga Solutions News

Novation’s Upper Midwest Consolidated Services Center Renews Miga Contract with New Benefits for Member Hospitals

Plymouth, MN – May 5, 2015 – 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 renewal with Novation’s Upper Midwest Consolidated Services Center (UMCSC), a member-driven supply network of VHA Upper Midwest member organizations. The contract award is for an additional three years and gives UMCSC members optimal pricing on Miga’s industry-leading asset disposition program, as well as additional value and access to the full breadth of Miga’s medical equipment lifecycle savings solution and innovative Equipment Value Management System® (EVMS).

“It’s validating to have an industry-leader like Novation recognize the value EVMS can provide its members,” said Peter Robson, CEO of Miga Solutions. “The breadth and depth of data in EVMS – 27,000 unique makes and models of medical equipment, aggregated from more than 50,000 information sources – ensures that Novation members will know the right price and get the right price, every time.”

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 spent each year on medical equipment.

Miga has relationships with hundreds of leading hospitals across the United States and was first awarded the UMCSC asset disposition contract in May 2012. Continued Robson: “We look forward to continuing to enable Novation member hospitals to drive out unnecessary medical equipment lifecycle 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."