Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

January 05, 2018

Blog

Top Insights from the Miga Blog

It’s the beginning of the new year, and in 2018 we’ll continue to publish educational articles, posts and content that share insights to help hospitals reduce their medical equipment lifecycle costs. As we begin working on new topics that you’ve indicated are of greatest interest for 2018, we wanted to take a moment and reflect back on our most popular blog posts from 2017.

We’re grateful for the ongoing dialogue and feedback from so many of you working in hospitals across the U.S. This feedback continues to help shape the content and educational pieces we publish to make them most informative. With the growing uncertainty over the future of reimbursements, our hospital customers will need to find even more new and innovative ways to cut spending. This is a theme that runs through our most-read posts from last year and that we expect to intensify in 2018.

Here are the three most popular posts from 2017:

1- Bending Your Hospital’s Cost Curve: A $95 Billion Opportunity for Innovative Expense Reduction:

Hospitals have already tapped many obvious opportunities to reduce costs, but there is one overlooked and underleveraged area where hospitals can permanently bend their cost curve: medical capital equipment spending. This article explains how U.S. hospitals can reduce their capital equipment spend by $95 billion per year by rethinking how they manage their medical equipment spend across the lifecycle.

2- A New Way of Thinking about Medical Equipment Costs

This article, also published in Becker’s Hospital Review, discusses strategies for hospitals to use better information to make better decisions related to medical equipment spending – and achieve savings of as much as 12 to 16 percent per year. Learn how knowing the right price and getting the right price work hand-in-hand to help hospitals optimize medical equipment lifecycle spend.

3- How to be Your Own Healthcare Advocate: Insights from Dr. Archelle Georgiou

In this post, we invited Dr. Archelle Georgiou MD, author of the new book, Healthcare Choices: 5 Steps to Getting the Medical Care You Want and Need and strategic advisor to Miga, to discuss the importance of informed decision making. Dr. Georgiou offers important insights that apply to not only our healthcare experiences as consumers, but also the decisions we make every day in our professional lives.

Thanks for continuing to read the Miga blog. We’d love to hear from you about what topics you’d like to learn more about in 2018 – feel free to contact us with your suggestions!

Know the right price.

And get it.

Having the right information saves hospitals time and money on medical equipment lifecycle costs.

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.”

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."

"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.”

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.”