Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

October 03, 2016


Upgrading Infusion Pumps to EMR – An Expensive Proposition

Hospitals, courtesy of the Affordable Care Act, are under the gun financially to connect their EMR (Electronic Medical Record) systems with their clinical medical equipment. This has been especially problematic and hugely expensive as their aged fleets of infusion pumps cannot be upgraded to talk to EMR servers and must be replaced. The average 300-bed hospital could easily have 300-400 of these units to replace.

All hospitals are looking for affordable ways to upgrade their current fleet of infusion pumps so that they are compatible with EMR systems…and it isn’t cheap. In fact, newer version “Smart Pumps” range anywhere from $5,000 to $10,000 each, depending on modular configuration, implementation costs, service costs and more. There needs to be at least one for every hospital bed, so you can see the math quickly adding up to over $3 million for a hospital with at least 200 beds!

Before you upgrade your fleet of infusion pumps, make sure you also understand the cost of EMR implementation costs.  Not to mention, benchmark all components of your infusion pump quote (hardware, software licenses, accessories, etc.) – it is always a great way to ensure you’re hospital isn’t overpaying.

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.”


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


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.”