Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

March 30, 2022

Industry Tips

Too Much To Do and Not Enough Time?

Continued market volatility and supply chain disruptions are forcing hospitals to work harder than ever to ensure they get the medical equipment and supplies needed for patient care. Industry labor shortages are adding pressure to hospital staff already stretched thin from 2+ years of jumping through hoops to get critical products delivered. Without more hands to help, or hours in the day, it is hard to get everything done. It is impossible to forecast when market conditions will improve, but for now, here is one strategy hospital are using to cross more off their list. 

Ask supplier representatives for help. Your suppliers already spend hours trying to add value and grow their business with you. Consider asking them to help with certain activities needed to finalize purchase decisions. From validating equipment specs to compiling user feedback or verifying existing inventory, your suppliers are an immediate and low-cost resource to “expand” your team’s bandwidth. Suppliers win when you buy their product; they are often more willing to help than hospitals expect.

How often has a supplier asked what else they can do to earn your business? Now is a good time to let them know, and ask for help. Nearly every type of purchase ultimately requires the supplier’s involvement. Asking them to help earlier, and more often, is one way to cross more activities off your list and be certain your hospital gets the equipment and supplies it needs.

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."