MVP provides you with an overall program of protection and capitation, allowing substantial advantages when compared to traditional OEM or Third Party Service Contract approaches.
Consolidate Your Contracts
MVP’s customized program service gives you the ability to consolidate multiple contracts from multiple industry groups under one easy-to-manage program. We’ll work with you to identify the equipment within your facility that are most essential to you, and then we’ll strategically design a program that best fits your needs!
Customize Your Coverage
MVP utilizes the concept of a self-insured retention, which allows your facility to pay a predetermined contract cost, and then accumulate—within the Self-Insured-Retention—all of those sums that are paid to vendors over the term of the contract—all while allowing you to choose who performs their services for you and when you’d like it performed.
If the costs exceed the retention, MVP reimburses the facility for 100% of the approved costs. If the retention is not exceeded, the facility saves additional dollars, holding onto those funds that would have been traditionally expended under service contract.
Track Your Savings
With MVP, you not only pay less, you track your savings in a real-time environment. This level of customer control allows you access to all aspects of your equipment maintenance program. We can show you how to save hard dollars on your current program and also teach you how to improve cash flow to your facility.
There are no restrictions on who you can use to perform services on your equipment.
If you choose the original equipment manufacturer, or a local vendor of your choice, MVP allows you to make that choice!
MVP does not require you to receive pre-approval for repairs.
You call who you want, when you want. There are no penalties for utilizing vendors, or for not contacting us prior to the start of a repair. We realize that you need to maintain your equipment in a timely manner and strict requirements of program managers only cause you extended downtime and loss of income.
With MVP, we don’t dictate how you utilize service; we only change how you pay for it!
“By carefully selecting a schedule of equipment that met specific criteria, our facility has been able to post significant savings over what we would have spent if the same devices were placed under an OEM service agreement.
Savings of $100,000 a year would not be outside of the range of an annual average savings if repairs are not catastrophic. If we had been unfortunate enough to reach the deductible, we still would have saved $50,000 when compared to the cost of service contracts.
We expect to have similar, if not greater amounts of savings, if this years service histories continue as they have the past three years.”
Hayden Tucker — Biomed Supervisor @ Iberia General Hospital and Medical Center, New Iberia, LA