Hospital PMI® at 55.3%; April 2023 Hospital ISM® reported on business

TEMPE, Ariz, May 5, 2023 /PRNewswire/ – Economic activity at Hospital subdivision Grown in April. For the 35th consecutive month, the country’s hospital supply executives said recently Hospital ISM^® Report on business^®.

The report was released today by Nancy LemasterMBA, Chairman, Institute of Supply Management^® (ISM^®) Hospital Business Survey Committee: “The Hospital PMI^® April recorded 55.3 percent, an increase of 1.9 percent from March’s reading of 53.4 percent, marking the 35th consecutive month of growth. Business activity and new orders indices rose compared to March. The employment index remains in growth territory. The Case Mix Index reading of 48 percent was down 5 percentage points from March’s 53 percent. The days outstanding index stood at 48 percent, up 0.5 percent from March’s 47.5 percent. The technology spending index rose 10 percent to 54 percent from March’s 44 percent. The Touchless Orders Index reading of 55.5 percent was an increase of 6.5 percent compared to March’s 49 percent.

LeMaster continued, while the Supplier Delivery Index, which remains in “fast” territory, and the Touch Order Index have returned to expansion, several Business Survey Committee respondents commented that they are still dealing with too many backorders and shortages. Product notes are also mentioned. Inflation remained a concern, with a third of respondents to employment citing layoffs or hiring due to margin pressures, particularly for surgeries. Reason for Supply Cuts and Increases in Acceptance: Survey panelists reported that their facilities have made targeted efforts to improve peak performance days by reducing production levels.

This report
The data compiled in this report is for the month. April 2023.

PMI of the hospital^® It was developed in collaboration with the Association of Healthcare Resource and Materials Management (AHRMM), the Association of Healthcare Supply Chain Professionals, and the American Hospital Association (AHA) Professional Membership Group.

The information presented here is based on a survey of hospital supply executives based on data collected in their respective organizations. ISM^® DOES NOT MAKE ANY REPRESENTATIONS REGARDING THE DATA COLLECTION PROCEDURES OF AN INDIVIDUAL COMPANY OTHER THAN AS SET FORTH IN THIS STATEMENT. When used in decision-making, the data must be compared with all other economic data sources.

Data and presentation method
of Hospital ISM^® Report on business^® It is based on data compiled from hospital purchasing and supply officials at the national level. Survey responses reflect the change, if any, in the current month compared to the previous month. For each indicator (Business Activity, New Orders, Employment, Supplier Supplies, Inventories, Prices, Prices: Pharmaceuticals, Prices: Supplies, Order Backlog, Revenues, Inventory Sense, Case Mix, Days Payable Outstanding, Technology Costs, and and Intangible Orders ), this report shows the percentage of each response reported and the distribution index. Responses represent raw data and are never changed. Since January 2021of Report on business^® Staff and consultants are collecting market data to better validate the export index. Export index data is still being compiled.

PMI of the hospital^® It is a composite index calculated from the following, equally weighted indices: business activity, new orders, employment and supplier supply. Distribution indices have the characteristics of leading indicators and are convenient summary measures of the direction of change and the extent of change. Hospital PMI^® An index reading of more than 50 percent indicates that the hospital sub-sector is generally expanding; Less than 50 percent indicates that it is generally decreasing. For the sub-indices, excluding supplier supply, an index reading above 50 percent indicates that the sub-index is generally expanding. Less than 50 percent indicates a general contract. A supplier delivery index above 50 percent indicates slow deliveries and less than 50 percent indicates fast deliveries.

of Hospital ISM^® Report on business^® A survey is sent to Hospital Business Survey Committee respondents in the first quarter of each month. Respondents were asked to report only US jobs for the current month. ISM^® In any given month survey responses are received, most respondents generally wait until the end of the month to provide responses to provide an accurate picture of current business activity. ISM^® He then compiles a report to be released on the fifth working day of the following month.

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About supply management institute^®
Supply Management Institute^® (ISM^®) serves supply management professionals in more than 90 countries. It manages 50,000 members around the world 1 trillion dollars Every year in corporate and government supply chain procurement. In the year Founded in 1915 as the world’s first supply management institute, ISM is committed to advancing the practice of supply management, providing value and competitiveness to its members, and contributing to a prosperous and sustainable world. ISM^® It leads the profession through ISM^® Report on business^®highly respected certifications and ISM^® Previous^™ Digital platform. I.S.M^® Report on business^® Except for a four-year interruption during the Second World War, the association has been active since 1931.

Public text version Hospital ISM^® Report on business^® Posted on ISM^®The website at www.ismrob.org on the fifth working day* of every month 10:00 A.M.

Next Hospital ISM^® Report on business^® Identified May 2023 Information will be released on Wednesday at 10:00 p.mJune 7, 2023

*Unless the New York Stock Exchange is closed.

SOURCE Supply Management Institute