Hospital PMI® at 57.9%; September 2022 Hospital ISM® Business Report®

Tempe, Arizona, October 7 July 2022 /PRNewswire/ — Economic Activity Hospital sub-sector September number For the 28th month in a row, the nation’s hospital supply executives Hospital ISM^® business report^®.

The report was released today by Nancy LeMasterMBA, President of the Institute of Supply Management^® (ism^®) Hospital Operations Investigation Committee: “Hospital PMI^® September’s increase of 57.9% was up 4.4 percentage points from 53.5% in August, marking the 28th consecutive month of growth. Business activity, new orders and employment all rose compared to August. The case mix index was 47.5%, down 6 percentage points from 53.5% in August. The days payable outstanding index was 52.5%, down 5 percentage points from the 57.5% reported in August. The technology spending index was 60.5%, up 6 percentage points from 54.5% in August. “

LeMaster continued, “One of the top concerns of business survey committee respondents was the erosion of hospital profitability due to increased labor and supply costs. Many commented that despite the increase in volume, the financial performance of their facilities declined. Some panelists mentioned that labor shortages continued to reduce capacity, but most reported increased inpatient and outpatient visits. Respondents reported improved supplier deliveries and product shortages eased, but the possibility of rail shutdowns raised concerns Concerns, although these issues have eased for now. They also stated that “despite some improvements, product availability remains an issue. That said, hospitals are dealing with these issues while continuing to reduce regular automatic replenishment (PAR) levels and burn inventory to free up cash flow. “

About this report

The information compiled in this report is for the current month September 2022.

Hospital PMI^® It was developed in partnership with the professional membership groups of the Association for Healthcare Resource and Materials Management (AHRMM), the Professional Association for Healthcare Supply Chain, and the American Hospital Association (AHA).

The data presented here comes from a survey of hospital supply executives based on information they collected within their respective organizations.doctrine^® Except as described in this press release, no representations are made about individual companies’ data collection procedures. When used for decision-making, the data should be compared with all other sources of economic data.

Data and presentation methods

This Hospital doctrine^® business report^® is based on data collected from hospital procurement and supply executives across the country. Survey responses reflect changes, if any, from the current month compared to the previous month. For each metric measured (Business Activity, New Orders, Employment, Supplier Deliveries, Inventory, Price, Price:Drugs, Price:Supplies, Order Backlog, Imports, Inventory Sentiment, Case Mix, Days Payable, Technology Spend, and Touchless Orders), this report shows the percentage and diffusion index for each response reported. Responses represent raw data and never change.start with January 2021This business report^® Staff and consultants are gathering market information to better validate the export index. Export index data is still being collected.

Hospital PMI^® is a composite index calculated from the following equally weighted indices: business activity, new orders, employment and supplier deliveries. Diffusion index has the property of leading indicator, and is a convenient and general indicator reflecting the main direction and scope of change. Hospital PMI^® An index reading above 50% indicates a general expansion of the hospital sub-sector; a reading below 50% indicates an overall downward trend. For the sub-index, with the exception of supplier deliveries, an index reading above 50% indicates a general expansion of the sub-index; a reading below 50% indicates a general contraction. A supplier delivery index above 50% indicates slower delivery, and below 50% indicates faster delivery.

This Hospital ISM^® business report^® Surveys are sent to respondents to the Hospital Operations Survey Committee in the first part of each month. Respondents were asked to report only U.S. operations for the current month.doctrine^® Survey responses are received during most of any given month, and most respondents typically wait until the end of the month to submit their responses to get the most accurate view of current business activity.doctrine^® The report is then compiled for release on the fifth business day of the following month.

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About the School of Supply Management^®

School of Supply Management^® (ism^®) serves supply management professionals in more than 90 countries.Its 50,000 members around the world manage approximately $1 trillion Annually in corporate and government supply chain procurement. Founded in 1915, ISM is the world’s first supply management organization dedicated to advancing supply management practices, creating value and competitive advantage for its members, and contributing to a prosperous and sustainable world.doctrine^® Leading the industry with ISM^® business report^®its well-regarded certification program and ISM^® progress^™ digital platform.International Management Institute^® business report^® The Society has been in circulation since 1931, with a four-year hiatus during World War II.

Official account text version Hospital ISM^® business report^® Posted on ISM^®The website www.ismrob.org on the 5th working day of each month* 10:00 AM ET.

Next Hospital ISM^® business report^® feature October 2022 Data to be released at 10:00 AM ET Monday, November 7, 2022.

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