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Hospital PMI® at 58.4%; May 2024 Hospital ISM® Report On Business®

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TEMPE, Ariz., June 7, 2024 /PRNewswire/ — Economic activity in the hospital subsector grew in May for the ninth consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, 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 58.4 percent in May, a 4.9-percentage point increase from the April reading of 53.5 percent, indicating a ninth consecutive month of growth after a contraction in August. The Business Activity Index expanded for the ninth consecutive month. The New Orders Index remained in expansion for the ninth straight month, and the Employment Index moved back into growth territory. The Supplier Deliveries Index remained in expansion (which indicates slower delivery performance). The Case Mix Index expanded in May after contracting in April, registering 51.5 percent, an increase of 2.5 percentage points compared to the previous month’s figure of 49 percent. The Days Payable Outstanding Index remained in expansion territory in May, registering 57 percent, up 4.5 percentage points from the 52.5 percent reported in April. The Technology Spend Index reading of 60.5 percent is an increase of 6 percentage points compared to the 54.5 percent recorded in April. The Touchless Orders Index returned to contraction territory in May, registering 48.5 percent, down 3 percentage points from the 51.5 percent reported in April.”

LeMaster continues, “Strong volumes were top of mind for Hospital Business Survey Committee respondents. Underlying causes cited for the higher volumes included boosts in physician staffing, expanded physical capacity, a rebound from slow spring break traffic and the introduction of new treatments and technologies. Comments related to supply chain operations were more varied. Facilities in some parts of the country enjoyed stability in deliveries and pricing, while others continued to experience shortages and inflationary pressure. Shortages related to syringes due to production issues in China were widespread, as were shortages in sterile water and saline. The Employment Index indicated growth, but comments continued to reflect mixed results. Some panelists indicated their facilities were keeping positions open, while others reported strong hiring efforts designed to replace temporary labor. For the first time since the coronavirus pandemic, construction projects were a theme among panelists’ comments. Previously, mentions of capacity growth had been related to M&As.”

Hospital PMI® History

Month

Hospital PMI®

Month

Hospital PMI®

May 2024

58.4

Nov 2023

59.8

Apr 2024

53.5

Oct 2023

52.1

Mar 2024

52.3

Sep 2023

57.0

Feb 2024

56.6

Aug 2023

47.5

Jan 2024

61.5

Jul 2023

53.3

Dec 2023

62.5

Jun 2023

51.5

Average for 12 months – 55.5

High – 62.5

Low – 47.5

 

About This Report
The information compiled in this report is for the month of May 2024.

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

The data presented herein is obtained from a survey of hospital supply executives based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Hospital ISM® Report On Business® is based on data compiled from hospital purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Employment, Supplier Deliveries, Inventories, Prices, Prices: Pharmaceuticals, Prices: Supplies, Backlog of Orders, Imports, Inventory Sentiment, Case Mix, Days Payable Outstanding, Technology Spend, and Touchless Orders), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Beginning in January 2021, the Report On Business® staff and consultants are gathering market information to better validate the Exports Index. Exports Index data are still being collected.

The Hospital PMI® is a composite index computed from the following, equally weighted indexes: Business Activity, New Orders, Employment and Supplier Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. A Hospital PMI® index reading above 50 percent indicates that the hospital sub-sector is generally expanding; below 50 percent indicates that it is generally declining. For the sub-indexes, except Supplier Deliveries, an index reading above 50 percent indicates that the sub-index is generally expanding; below 50 percent indicates that it is generally contracting. A Supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

The Hospital ISM® Report On Business® survey is sent out to the Hospital Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on U.S. operations for the current month. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. ISM® then compiles the report for release on the fifth business day of the following month.

ISM ROB Content
The Institute for Supply Management® (“ISM”) Report On Business® (Manufacturing, Services, and Hospital reports) (“ISM ROB”) contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, “Content”) of ISM (“ISM ROB Content”). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including, but not limited to tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting Rose Marie Goupil in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing rgoupil@ismworld.org; Subject: Content Request.

ISM shall not have any liability, duty, or obligation 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 in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business®, PMI®, Manufacturing PMI®, Services PMI®, and Hospital PMI® are registered trademarks and trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management®
Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management organization worldwide. Its community of more than 50,000 in more than 100 countries manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM empowers and leads the profession through the ISM® Report On Business®, its highly-regarded certification and training programs, corporate services, events, and assessments. The ISM® Report On Business®, Manufacturing, Services, and Hospital, are three of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. For more information, please visit: www.ismworld.org.

The text version of the public Hospital ISM® Report On Business® is posted on ISM®’s website at www.ismrob.org on the fifth business day* of every month at 10:00 a.m. ET.

The next Hospital ISM® Report On Business® featuring June 2024 data will be released at 10:00 a.m. ET on Friday, July 5, 2024.

*Unless the New York Stock Exchange is closed.

Contact:

Rose Marie Goupil

Report On Business® Analyst

ISM®, ROB/Program Manager

Tempe, Arizona

+1 480.752.6276, ext. 3005

Email: rgoupil@ismworld.org

 

 

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SOURCE Institute for Supply Management

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Robert Half Wins Two Stevies® in the 2025 American Business Awards

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MENLO PARK, Calif., May 5, 2025 /PRNewswire/ — Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has been named the winner of two Stevies in the 23rd Annual American Business Awards. The company was honored for Best Artificial Intelligence/Machine Learning Solution and Technology Executive of the Year.

Robert Half received Best Artificial Intelligence/Machine Learning for its AI Recommended Clients (ARC) tool—an advanced solution that leverages AI to help talent solutions professionals identify and engage the right clients at the right time. James Johnson, executive vice president and chief technology officer, was also named among the Technology Executives of the Year for his leadership in advancing the company’s innovation strategy, including the development of ARC.

“This recognition highlights our commitment to innovation and delivering world-class technology solutions that drive business growth,” said M. Keith Waddell, president and chief executive officer of Robert Half. “We’re proud of James Johnson and his team for their critical contributions to these achievements.”

The American Business Awards is the premier business awards program in the United States. More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted for consideration in a wide range of categories.

Robert Half has also been named one of Fortune’s 2025 America’s Most Innovative Companies and a winner of the 2025 CIO 100 Award.

About Robert Half
Robert Half (NYSE: RHI) is the world’s first and largest specialized talent solutions and business consulting firm, connecting highly skilled job seekers with rewarding opportunities at great companies. We offer contract talent and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, and we also provide executive search services. Robert Half is the parent company of Protiviti®, a global consulting firm that delivers internal audit, risk, business and technology consulting solutions. In the past 12 months, Robert Half, including Protiviti, has been named one of the Fortune® Most Admired Companies™ and 100 Best Companies to Work For. Explore talent solutions, research and insights at roberthalf.com

About the Stevie Awards 
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries annually from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at https://stevieawards.com.

 

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SOURCE Robert Half

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Stratolaunch Successfully Completes Reusable Hypersonic Flight and Recovery with Talon-A2 Vehicle

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MOJAVE, Calif., May 5, 2025 /PRNewswire/ — Stratolaunch is pleased to announce the successful completion of its second hypersonic flight and recovery with the Talon-A2 (TA-2) fully autonomous vehicle in March 2025. We are also pleased to share that this significant accomplishment followed the successful first hypersonic flight of Talon-A2 in December 2024 confirming the demonstrated reusability of the vehicle. The vehicle surpassed Mach 5 during its trajectory for the second time, exceeding the previous speed record set with the December flight.

“With the data collected from this second flight, we are able to apply lessons learned to enhance the strength and performance of the Talon-A vehicles. While the team needs to complete its data review of flight two, the first flight review confirmed the robustness of the Talon-A design while demonstrating the ability to meet the full range of performance capabilities desired by our customers. We’ve now demonstrated hypersonic speed, added the complexity of a full runway landing with prompt payload recovery, and proven reusability. Both flights were great achievements for our country, our company, and our partners,” said Dr. Zachary Krevor, President and CEO of Stratolaunch. 

Supporting the United States’ defense initiatives, Stratolaunch is focused on expanding its hypersonic flight testing and ensuring the long-term sustainability of reusable hypersonic testbeds. These completed flights demonstrate the United States’ return to reusable hypersonic flight test since the X-15 program ended in 1968.

“I am in awe of what this team has achieved. We’ve executed four incredible Talon-A flights, completed twenty-four Roc flights to date, flew two new supersonic and hypersonic airplanes in a single year, and we are firmly on the path to making hypersonic flight test services a reality,” Krevor said.

Stratolaunch performed the flights for the Test Resource Management Center (TRMC) Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) program under a partnership with Leidos. The MACH-TB program is intended to increase the speed of testing for all commercially available hypersonic systems. This was the second Stratolaunch flight completed on behalf of the program.

“These flights were a huge success for our program and for the nation. The data collected from the experiments flown on the initial Talon-A flight has now been analyzed and the results are extremely positive. The opportunity for technology testing at a high rate is highly valuable as we push the pace of hypersonic testing. The MACH-TB program is pleased with the multiple flight successes while looking forward to future flight tests with Stratolaunch,” said Scott Wilson, Program Manager of MACH-TB.

“Demonstrating the reuse of fully recoverable hypersonic test vehicles is an important milestone for MACH-TB,” stated George Rumford, Director of the Department of Defense Test Resource Management Center. “Lessons learned from this test campaign will help us reduce vehicle turnaround time from months down to weeks.”

About Stratolaunch

Stratolaunch’s mission is to advance high-speed technology through innovative design, manufacturing, and operation of world-class aerospace vehicles. For the latest news and information, visit www.stratolaunch.com and follow us on FacebookXLinkedIn, and Instagram.

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SOURCE Stratolaunch

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Shaped by Weather: University of Oklahoma Research Fuels Uncrewed Aerial System Development, Innovation

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NORMAN, Okla., May 5, 2025 /PRNewswire/ — On the day of the 2023 Rolling Fork tornado, researchers with the Cooperative Institute for Severe and High Impact Weather (CIWRO) and NOAA’s National Severe Storms Laboratory, headquartered on the University of Oklahoma campus, piloted a small network of drones through increasingly hostile conditions. The nimble airborne devices collected data about the changing atmosphere and demonstrated that such a tool could be used to improve the prediction of violent tornadoes. These drones are part of a lineage of uncrewed aerial systems (UAS) developed at CIWRO that are changing the face of weather observations.

Tony Segales, Ph.D., has led the system’s development since he began his doctoral work at OU in the fall 2017. The CopterSonde-3D, the culmination of his dissertation, is a patented design for a weather-sensing UAS that is now exclusively licensed with InterMet, the world’s leading supplier of atmospheric sensors. The patent, awarded last year, is specifically for the front scoop design of the CopterSonde-3D, a weather sensor package equipped with temperature and humidity sensors arranged in a strategic way to avoid data contamination by sources of heat around the drone.

“We designed the CopterSonde to essentially be a weathervane: It points into the wind. That’s the baseline feature from which all the other onboard weather-targeted features were designed,” said Segales.

As the drone points into the wind, air flows through the intake and across the sensors. It’s a tricky configuration to target the right performance window, and even trickier to continue building upon.

“Initially, we had an airframe design that was more symmetrical and easier to balance, but now we are betting on a more intricate drone design,” said Segales. “When you change something, it changes the balance in flight characteristics. Overall, we are achieving a drone design shaped by weather and tailored to atmospheric studies.”

Next-Generation Technology

Segales and his graduate students manage the CopterSonde’s engineering, and Segales is the only UAS research engineer on the team.

The CopterSonde is one example of the research-to-industry pipeline created at the intersection of academia and government research at the cooperative institute. Segales’s designs are immediately put to work in the field, where meteorologists like Tyler Bell, Ph.D., a co-inventor on the patent, test new designs while also collecting weather data for their own meteorological research.

During the design process, the CopterSonde-3D underwent over 1,700 flights in various environments, such as extreme storm conditions in the southeastern United States, high altitudes in Colorado and the salty air of coastal Houston, Texas. Those flights, conducted by CIWRO’s researchers and OU students, gave the meteorologists data to study the lower atmosphere and Segales the feedback from meteorologists he needed to return to his lab and redesign components of the UAS.

The CopterSonde-3D is a next-generation observational platform. The team hopes it can supplement existing measurements of the atmosphere and fill gaps that have been known for over a decade.

“Typically, we get weather balloon launches by the National Weather Service twice a day,” said Bell. “But the rate at which the lowest part of the atmosphere changes is much higher than those twice-a-day launches, and we don’t get much information in between. That lowest one or two miles of the atmosphere is where we live, and it’s the part that influences a lot of high-impact weather.”

The primary purpose of the CopterSondes is to fill existing time and geographical data gaps, but it also opens the door to significant research questions previously unexplored. Because UAS pilots can position the drone exactly where they want data from the lower atmosphere, the drones can venture into scenarios otherwise dangerous or impossible for humans to approach such as wildfires and severe storms.

Bell says the future development of the program will enable CopterSondes to fly autonomously and be placed at Mesonet stations across the country, creating a 3D Mesonet system.

“The UAS would work in combination with other sensors. A forecaster could select an area where they wanted more observations, and the drones would collect that data the forecaster needs in the moment,” said Bell. He believes the CIWRO team will have a prototype developed for testing within a few years.

Game-Changing Collaborations

In collaboration with NSSL, the team is currently working to design a drone that can operate in the type of extreme environments forecasters might want to sample.

“On the engineering side of things, this represents a big challenge. The drone would have to max out during every flight, which puts more stress on the electronics,” said Segales. “We want to measure the limits of the performance of these drones on extreme events to see how much we can really push the systems for sustained amounts of time.”

These collaborations between engineers and meteorologists, cooperative institute researchers and government scientists, create an environment where a product like the CopterSonde can blossom from an idea into a device that can provide life-saving benefits for the American public.

“There is this great feedback loop that we have here, where we can do this research from the ground up, from basic design to the actual application of science and innovation,” said Bell.

An example comes from what Bell calls one of the more impactful datasets they’ve captured: a central Oklahoma winter weather precipitation event in 2019. The CopterSonde-3D showed that the precipitation was changing by the minute, alternating among sleet, ice, rain, and freezing rain.

“That’s an example of how we can improve forecasts using this data, because in those conditions half a degree matters, and the Copter can get that half a degree really, really well,” said Bell.

In the future, Segales envisions a fleet of CopterSondes, each specifically designed for specific extreme events – drones built to handle icing on blades, and others made to soar through high winds and examine hurricanes from within. For now, there’s a patent pending for another member of the CopterSonde family, and the potential for next-generation weather and safety through these important academic and federal partnerships.

About the University of Oklahoma 
Founded in 1890, the University of Oklahoma is a public research university located in Norman, Oklahoma. As the state’s flagship university, OU serves the educational, cultural, economic and health care needs of the state, region and nation. For more information about the university, visit www.ou.edu.

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SOURCE University of Oklahoma

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