This paper describes and investigates the dynamics of a new model of biventricular model for artificial heart which consists of two ferromagnetic masses fixed on springs and subjected to a common electromagnet powered by sinusoidal and square wave voltage sources. The effects of the following control parameters are considered: the external voltage source frequency and amplitude, the ratio between the stiffness coefficients, and the one between the masses. As results in both cases of external excitations, subharmonic oscillations, hysteresis, coexistence of limit cycle and point attractor, permanent bounding are found. The optimal voltage and the ratio between the stiffness coefficients are obtained. Bursting oscillations usable for pulsatile pumping are observed for low frequencies under square wave voltage.