TEMPE, Ariz., March 7, 2023 /PRNewswire/ — Economic activity in the hospital subsector grew in February for the 33rd consecutive month, say the nation’s hospital supply executives in the latest Hospital ISM ® Report On Business ® . The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management ® (ISM ® ) Hospital Business Survey Committee: "The Hospital PMI ® registered 53.5 percent in February, a 1-percentage point increase from the January reading of 52.5 percent, indicating a 33rd consecutive month of growth. The Business Activity Index increased compared to January, while the New Orders Index decreased compared to the prior month. The Employment Index moved back into growth territory after contracting in January. The Case Mix Index registered 51.5 percent, a decrease of 5 percentage points compared to the January figure of 56.5 percent. The Days Payable Outstanding Index registered 55 percent, up 2 percentage points from the 53 percent reported in January. The Technology Spend Index registered 53 percent, the same reading as reported in January." LeMaster continues, "The majority of Business Survey Committee respondents remarked that demand for elective procedures increased during the month. With increased employment, hospitals were able […]
Hospital PMI® at 53.5%; February 2023 Hospital ISM® Report On Business®
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