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Hospital PMI™ at 55 8%; January 2021 Hospital ISM® Report On Business®

®. ® (ISM ®) Hospital Business Survey Committee: The Hospital PMI™ registered 55.8 percent in January, down 6.8 percent­age points from the December reading of 62.6. This was the eighth month of growth. The Business Activity Index and New Orders Index both had a sizeable decrease in January compared to December, with New Orders moving into contraction. The Employment Index increased in January moving back into expansion territory. The Case Mix Index decreased to 56.5 percent, down 5.5 percentage points compared to the December reading of 62 percent. The Days Payable Outstanding Index increased to 55 percent, up 2.5 percentage points from the December reading of 52.5 percent. The Technol­ogy Spend Index registered 50 percent, a decrease of 2 percentage points from the December reading of 52 percent.  

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