Hospital PMI® at 64.1%; January 2022 Hospital ISM® Report On Business®

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TEMPE, Arizona., February 7, 2022 /PRNewswire/ — Economic activity in the hospital sub-sector grown up in january for the 20th month in a row, the country’s hospital supply officials say in the latest Hospital ISM® Business report®.

The report was released today by Nancy LemasterMBA, President of the Institute for Supply Management® (ISM®) Hospital Business Survey Committee: “The Hospital PMI® recorded 64.1% in January, a 0.3 percentage point increase from December’s reading of 63.8%, indicating a 20th consecutive month of growth. The business activity index hit its highest level since June 2020. The new orders index rose in January compared to December. The employment index remained in contraction at its lowest level since May 2020. The Case Mix Index fell to 55%, down 4 percentage points from December’s reading of 59%. The Days Payable Outstanding Index recorded 47.5%, the same reading as December. The tech spending index recorded 54.5%, an increase of 2.5 percentage points from December’s reading of 52%. »

LeMaster continues, “The influx of COVID-19 patients and workforce constraints were top of mind for Hospital Business Survey Committee respondents. Many commented on staff absences due to COVID-19 and the inability to hire and retain staff. In April and May 2020, the contraction in employment was intentional and mainly due to temporary furloughs as the industry reacted to the shutdowns. A lack of supply is at the root of the current contraction in the employment index. Despite labor and supply shortages, the business activity index soared to 74%, a figure that has only been reached three times since the start of the survey in April 2018. Supply disruptions continue, with many panelists citing illness and trucker shortages as factors. A few panelists remarked that COVID-19 cases were stabilizing in their areas and hoped they were starting to decline.”

Hospital PMI® Story


Month

Hospital PMI®

Month

Hospital PMI®

Jan 2022

64.1

Jul 2021

62.8

Dec 2021

63.8

June 2021

63.1

November 2021

64.5

May 2021

61.3

October 2021

63.4

April 2021

61.9

Sep 2021

60.6

March 2021

58.8

August 2021

60.4

February 2021

57.5

12-month average – 61.9

High – 64.5

Low – 57.5

About this report

The information compiled in this report relates to the month of January 2022.

Hospital PMI® was developed in conjunction with the Association for Health Care Resource & Materials Management (AHRMM), an association for the healthcare supply chain profession, and a group of professional members of the American Hospital Association (AHA ).

The data presented here is obtained from a survey of hospital supply managers based on information they collected within their respective organizations. ISM® makes no representations, other than as set forth in this release, regarding each company’s data collection procedures. The data should be compared to all other sources of economic data when used in decision making.

Data and method of presentation

the Hospital ISM® Business report® is based on data compiled by hospital purchasing and supply managers nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the metrics measured (Business Activity, New Orders, Employment, Supplier Deliveries, Inventory, Price, Price: Pharmaceuticals, Price: Supplies, Order Backlog, Imports, Inventory Sentiment, Case Mix, Days Payable Remaining, Technology Spend and Contactless Orders), this report shows the percentage reporting each response and the spread index. The answers represent raw data and are never modified. Beginning in January 2021the Business report® staff and consultants collect 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 indices, equally weighted: commercial activity, new orders, employment and supplier deliveries. Diffusion indices have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the magnitude of change. A hospital PMI® an index above 50% indicates that the hospital sub-sector is generally expanding; below 50% indicates that it is generally declining. For the sub-indices, with the exception of deliveries to suppliers, an index above 50% indicates that the sub-index is generally expanding; less than 50% indicates that it is generally contracting. A Supplier Deliveries Index above 50% indicates slower deliveries and below 50% indicates faster deliveries.

the Hospital ISM® Business report® The survey is sent to Hospital Business Survey Committee respondents the first half of each month. Respondents are requested to report ONLY US transactions for the current month. ISM® receives survey responses for most of a given month, with the majority of respondents typically waiting until the end of the month to submit responses in order to paint the most accurate picture of current business activity. ISM® then compiles the report for publication on the fifth working day of the following month.

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You may not create, recreate, distribute, incorporate into other works, or advertise an index of any part of the Content unless you have received ISM’s prior written permission. Requests for permission to reproduce or distribute content from ISM ROB may be made by contacting michelle rusk in writing to: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by email [email protected]; subject: content request.

ISM shall have no responsibility, duty or liability for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken based on it. In no event shall ISM be liable for any special, incidental or consequential damages resulting from the use of the ISM ROB. Business report®PMI®MNI®manufacturing PMI®PMI Services®and hospital PMI® are registered trademarks and trademarks of Institute for Supply Management®. Supply Management Institute® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About the Institute of Supply Management®

Supply Management Institute® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage approximately US$1 trillion into the corporate and government supply chain every year. Founded in 1915 as the world’s first supply management institute, ISM is committed to advancing the practice of supply management to generate value and competitive advantage for its members, contributing thus to a prosperous and sustainable world. ISM® leads the profession through the ISM® Business report®its renowned certification programs and the ISM® Advance Digital platform. ISM® Business report® has been issued by the association since 1931, except for a four-year hiatus during World War II.

The public text version Hospital ISM® Business report® is published on ISM®on the www.ismrob.org website on the fifth working day* of each month at 10:00 a.m. ET.

The following Hospital ISM® Business report® with February 2022 data will be disseminated to 10:00 a.m. ET MondayMarch 7, 2022.

*Unless the New York Stock Exchange is closed.

Contact:

michelle rusk


Business report® Analyst


ISM®ROB/Head of Research


Tempe, Arizona


+1 480.455.5944


E-mail: [email protected]

SOURCE Institute for Supply Management

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