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.