PLYMOUTH, Minn., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Miga Solutions, developer of the pioneering Benchmarking 2.0 (sm) methodology that helps hospitals reduce medical equipment lifecycle costs, today announced that it has been awarded a contract with Vizient, Inc. the largest member-driven health care performance improvement company in the country. The three-year relationship will give Vizient members optimal pricing on Miga’s industry-leading asset disposition program, as well as the option to utilize the full breadth of Miga’s medical equipment lifecycle savings solution and its innovative Equipment Value Management System® (EVMS) platform.
“We are pleased to provide cutting-edge resources to Vizient members to address the evolving needs of today’s hospitals and medical facilities,” said Peter Robson, CEO of Miga Solutions. “Asset disposition is a critical part of an effective medical equipment lifecycle strategy and is a cornerstone solution of the Miga platform. We’re excited to deliver our proven solution for a recurring business need that every hospital faces and look forward to extending the many medical equipment cost savings solutions that are part of Miga’s platform.”
Miga’s asset disposition program is based on a proven data-driven methodology and is a core component of Miga’s total lifecycle solution, supported by its industry-leading EVMS platform. EVMS combines the most accurate and comprehensive medical equipment pricing information with expert and specialized services that enable hospitals to identify and realize 12-16% annual savings on all their medical equipment lifecycle costs. This represents potential savings of as much as $11 billion of the $93 billion hospitals currently spend each year on medical equipment.
Miga has relationships with hundreds of leading hospitals across the United States, including a number of existing Vizient Members. Since 2012, Miga has been a regional Vizient Supplier through its Upper Midwest Consolidated Services Center (UMCSC) and looks forward to expanding its relationship to the national level.
Continued Robson: “We’re fully committed to leading the charge to address current inefficiencies in the medical equipment lifecycle, helping US hospitals to drive out unnecessary medical equipment costs.”
About Miga Solutions
Miga Solutions has been enabling leading hospitals to lower their annual medical equipment costs since 2004. Miga’s proprietary Benchmarking 2.0℠ platform, Equipment Value Management System®(EVMS), combines the most complete and accurate pricing information on medical equipment with expert and specialized services that together enable hospitals to benchmark, make, and implement more cost-effective spending decisions across the entire medical equipment lifecycle.