According to a report from the Institute for Supply Management (ISM), economic activity in the hospital subsector grew in June for the 25th consecutive month, Healthcare Purchasing News July 7 reports.
Following are some observations, according to Nancy LeMaster, MBA, ISM chair for the Hospital Business Survey Committee:
The Hospital PMI® covers ambulatory, inpatient and nursing home-type facilities, and it comprises 10 subindexes in the Non-Manufacturing ISM® Report On Business®, plus four others. Survey Committee respondents are asked to assess their organizations’ performance compared to the previous month—better/higher, same, or worse/lower. The data is converted into diffusion indexes that measure the direction and rate for each measurement. The Hospital PMI was developed in collaboration with the Association for Health Care Resource & Materials Management, an association for the healthcare supply chain profession, and a professional membership group of the American Hospital Association.Read More >>