Medical, Lab & IT Equipment Benchmarking & Analytics

Medical, Lab & IT Equipment Benchmarking & Analytics

February 06, 2024

Industry Tips

Would You Trade In a Car Without Knowing It’s Worth? Part 2 of 3

Would you trade in your old car without knowing what it’s worth? Of course not. The same should be said for medical equipment. Trading in old equipment without knowing what it’s worth can be one of the most expensive decisions hospitals can make when buying new equipment.

Know what your equipment is worth before considering trade-in offers. By knowing the dollar value that your equipment is worth, you will be able to see if you are getting a good deal on trade-in offers, and maximize your hospital’s budget.

A hospital system was buying a new CT scanner to replace a mobile unit that was nearly 17 years old. The trailer had a rusted undercarriage and old system components and was fully depreciated. The supplier of the new CT offered a mere $13,000 trade-in for the old CT and trailer. The hospital used benchmarking data to confirm the mobile unit was worth more than $100,000, and instead of trading it in, they found a buyer willing to pay even more. By utilizing the right data, this hospital was able to realize a financial return that was nearly eight times the trade-in offer.


The Miga EVMS (Equipment Value Management System) Estimate of Value Report is the only way to know what your equipment is worth and avoid losing money on trade-ins. Miga EVMS provides the most complete and actionable market and pricing information, enabling hospitals to maximize savings on medical, lab and IT equipment lifecycle costs. To learn how your hospital can use better information to save 12-16% annually, contact us.

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


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.”


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."