Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

May 31, 2022

Industry Tips

Overcome Supply Shortages through Conservation

Supply chain disruption and product shortages are not new problems for hospitals. Sourcing critical goods is as hard as ever with ongoing manufacturing and shipping delays making availability unpredictable. There are limited options for solving some of these needs, but here is one creative way hospitals can help address current shortages.

Recognize conservation efforts. Celebrate employees who lead or participate in supply conservation efforts. Recognition is an easy and inexpensive way to reinforce the importance of conservation and encourage participation. Optimizing use and minimizing waste of hard-to-get supplies can stretch inventory and help buy time until more becomes available. 

One hospital surgical team was recently recognized for a simple change to OR prep that reduced use of up to 6 surgical items per procedure. Instead of opening 7 items in advance, they now only open them as requested by the surgeon. At a town hall meeting, the CFO thanked the surgical team for helping stretch available supply and reducing waste of 100+ surgical products weekly that will save an estimated $79,000 annually.

Recognize the conservation efforts of your colleagues and help your hospital get through current supply chain challenges.

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."