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Hospital PMI® at 51.9%; October 2024 Hospital ISM® Report On Business®

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TEMPE, Ariz., Nov. 7, 2024 /PRNewswire/ — Economic activity in the hospital subsector grew in October for the 14th 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 51.9 percent in October, a 3.1-percentage point decrease from the September reading of 55 percent, indicating a 14th consecutive month of growth. October’s Hospital PMI® reading is the lowest since a contraction in August 2023 (47.5 percent). The Business Activity Index moved into contraction territory after expanding for 13 straight months. The New Orders Index returned to contraction after two consecutive months of expansion, and the Employment Index also moved back into contraction territory in October after expanding for five straight months. The Supplier Deliveries Index remained in expansion (which indicates slower delivery performance) for the 14th consecutive month. The Prices: Pharmaceuticals Index went into contraction (or ‘decreasing’) territory for the first time since Hospital ISM® Report On Business® data collection began in April 2018.

“The Case Mix Index expanded in October after contracting in the previous month and expanding for four consecutive months prior to that, registering 52 percent, 3.5 percentage points higher than September’s figure of 48.5 percent. The Days Payable Outstanding Index returned to contraction in October, registering 45.5 percent, down 6.5 percentage points from the 52 percent reported in September. The Technology Spend Index reading of 61 percent is an increase of 4.5 percentage points compared to the 56.5 percent recorded in September. The Touchless Orders Index returned to expansion territory in October, registering 50.5 percent, up 3.5 percentage points from the 47 percent reported in September.”

LeMaster continues, “Two hurricanes in less than two weeks in late September and early October reminded everyone of the fragility of the health-care supply chain. The Baxter IV solutions plant in North Carolina was significantly damaged, and the B. Braun plant in Florida sustained minor damage. In addition, supply deliveries were interrupted, and there were widespread elective procedure cancellations. The federal government is working to quickly provide emergency authorization for importation of IV fluids from other countries. The North Carolina facility also manufactured peritoneal dialysis fluids and bags used by pharmacies to compound fluids. It is unclear how much of the reduction in the Employment Index was related to a decrease in demand versus budget constraints and turnover.” 

Hospital PMI® History

Month

Hospital PMI®

Month

Hospital PMI®

Oct 2024

51.9

Apr 2024

53.5

Sep 2024

55.0

Mar 2024

52.3

Aug 2024

58.6

Feb 2024

56.6

Jul 2024

53.3

Jan 2024

61.5

Jun 2024

55.8

Dec 2023

62.5

May 2024

58.4

Nov 2023

59.8

Average for 12 months – 56.6

High – 62.5

Low – 51.9

 

About This Report
The information compiled in this report is for the month of October 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 Panel 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 November 2024 data will be released at 10:00 a.m. ET on Friday, December 6, 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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Lexile Framework for Reading Launches in Indonesia to Advance English Literacy

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MetaMetrics partners with Lumina Education to embed globally recognized Lexile® measures in assessments and learning tools.

SINGAPORE, Nov. 7, 2024 /PRNewswire-PRWeb/ — Today at EDUtech Asia, Asia’s largest conference and exhibition for educators and EdTech providers, MetaMetrics®, a leader in educational measurement and research, announces the launch of the Lexile® Framework for Reading in Indonesia. This groundbreaking initiative through Lumina Education, a subsidiary of Lippo Group, will begin in 50 schools across the country. Lumina’s reading program, BukuAku, is designed to help students enhance their English reading proficiency by providing accurate reading measures and matching them with books appropriate for their reading level.

“We are excited to work with Stephanie and the Lumina team to bring the value of the Lexile Framework to Indonesia’s English language learners…Lumina Education’s mission to build a brighter future aligns strongly with our own vision.” –Brad Baumgartner, CEO, MetaMetrics.

At the core of the BukuAku program is the LTS Reading Test, powered by the Lexile Framework for Reading, a powerful tool for assessing a student’s reading ability and matching them to reading materials at their level. Unlike traditional assessments, BukuAku offers more than just a score; it provides a roadmap for growth by matching students with books in their Lexile range, creating a personalized learning experience that fosters curiosity and encourages a lifelong love of reading.
The launch event, held on November 5 in Jakarta, is a significant milestone, attended by influential leaders from both MetaMetrics and Lumina Education, including Stephanie Riady, CEO of Lumina Education.

“We are thrilled to bring the Lexile Framework to Indonesia and incorporate it into BukuAku,” said Stephanie Riady. “This partnership isn’t just about launching a new product; it’s about building a better future for students across Indonesia by enhancing their English literacy and giving them tools to succeed in a fast-changing world.”

“The development of the new LTS Reading Test involved a team from both companies, led by Catherine Mulyana, Chief Operating Officer of Lumina Education, and Lisa Bickel, Vice President of Partner Success at MetaMetrics” continues Stephanie, “working together, we tailored reading tests and resources to meet the needs of Indonesia’s English learners. One of the most powerful aspects of the program is tailored intervention strategies for students with lower-than-expected Lexile measures who need extra support.”

“We are excited to work with Stephanie and the Lumina team to bring the value of the Lexile Framework to Indonesia’s English language learners,” comments Brad Baumgartner, CEO, MetaMetrics, “our teams worked with Indonesian students to ensure the questions, assessments, reading materials, and the measurement scale connect together seamlessly. Lumina Education’s mission to build a brighter future aligns strongly with our own vision,” concludes Brad.

Integration of the Lexile Framework within BukuAku elevates how reading skills are taught and nurtured in Indonesia, empowering educators with actionable insights to support student growth. Lexile measures are also incorporated into Lumina Testing Services (LTS), a new web app offering educators detailed insights into student progress. With LTS, teachers and administrators can seamlessly monitor student growth, check for any potential gaps, identify improvement areas, and make data-driven decisions that promote better student learning progression.

About MetaMetrics, Inc.
MetaMetrics Brings Meaning to Measurement
MetaMetrics is guided by a powerful north star—to support student growth through actionable learning measurement. Over the last 40 years, MetaMetrics’ staff of educators, psychometricians, and policy leaders have developed learning frameworks that now support over 35 million students in the US. More than half of the K-12 students in the US receive Lexile and Quantile® measures and over a hundred million pieces of content have corresponding measures. MetaMetrics was founded in 1984 with the singular goal of making measurement meaningful by matching students to learning resources using a scientific, universal scale. Today, Lexile and Quantile measures are available in all 50 states, with half of the nation receiving the measures through state accountability assessments or at the local level through partnerships with edtech companies that deliver services to schools and districts. Leveraging the most advanced AI technology and learning theory, MetaMetrics continues to innovate solutions for a wide range of applications including early reading, career readiness, and tutoring. For more information, visit MetaMetricsInc.com.

About Lippo Group
Lippo Group is a leading Indonesian multinational conglomerate with significant investments in various industries, including education, retail, media, real estate, banking, healthcare, and hospitality. Through its subsidiary, Lumina Education, and its nonprofit arm, the Pelita Harapan Education Foundation, Lippo Group is committed to advancing educational opportunities across Indonesia and empowering the next generation of leaders. For more information about Lippo Group’s educational subsidiary, visit luminaeducation.id.

Media Contact

Renee Basick, MetaMetrics, Inc, 9195473400, hello@metametricsinc.com, https://metametricsinc.com/

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SOURCE MetaMetrics, Inc

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Insight Global Recognized as One of America’s Best Employers for Veterans by Forbes

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ATLANTA, Nov. 7, 2024 /PRNewswire/ — Insight Global, a leading international professional services and staffing company, is proud to announce its inclusion on Forbes’ list of America’s Best Employers for Veterans 2024.

The companies included on this list are ranked based on market research from Statista who surveyed more than 24,000 veterans (those who have served in the U.S. Armed Forces, the Reserves, or the National Guard) working for companies with more than 1,000 employees in the United States.

U.S. veterans who participated in the survey were asked if they would recommend their company or institution to friends and family, and to rate their employer on criteria including:

Work atmosphereSalaryHealth benefitsCareer development opportunitiesPrograms tailored to veteransAnd more

Survey participants were also asked to evaluate other companies within their respective industries.

“This honor makes me incredibly proud,” said Bert Bean, Insight Global CEO. “All of us know veterans. Many of us have veterans in our family. They give so much to our country and their sacrifice should never be overlooked.”

As one of the largest staffing companies in the U.S., Insight Global believes in developing its people personally, professionally, and financially so they can “be the light” to the world around them. Insight Global is proud to support veterans through various programs including its SkillBridge Internship Program and its partnership with the National Institute for Industry and Career Advancement (NIICA) to place returning service members and veterans in high-value careers in the semiconductor and advanced manufacturing industries.

“We are, and will always be, motivated to employ veterans,” said Bean. “It’s our honor to walk with them on their career journey.”

Learn more about Insight Global’s veteran programming here.

About Insight Global

Insight Global is an international professional services and staffing company specializing in delivering talent and technical solutions to Fortune 1000 companies across the IT, Non-IT, Healthcare, and Engineering industries. With over 70 locations across North America, Europe, and Asia, and global staffing capabilities in 50+ countries, our teams of tech-enabled recruiters are dedicated to finding the right talent and technical solutions to help our customers thrive. At our core, our mission is to develop people personally, professionally, and financially so they can be the light to the world around them.

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SOURCE Insight Global

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Diversity Recruitment Partners Launches New, Integrated, AI-Driven Job Portal to Strengthen Teacher Recruitment and Retention

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AI-Generated Candidate-Job Matching is Transforming the Hiring Process, Helping Schools Attract and Retain Diverse, Qualified Educators

HOUSTON, Nov. 7, 2024 /PRNewswire/ — Diversity Recruitment Partners proudly announces the launch of its comprehensive, AI-powered platform, designed to bridge the gap between schools qualified educators of diverse and bilingual backgrounds. Featuring a job board, virtual career fair, and an interview portal with AI-driven candidate-job matching, this groundbreaking platform transforms recruitment for educational institutions nationwide, ensuring alignment of values, skills, and long-term goals.

“Teacher turnover has a significant impact on both student success and the stability of school environments,” said Trina Edwards, CEO of Diversity Recruitment Partners. “Our new platform helps build teams of committed educators while providing schools with access to a pipeline of talent dedicated to lasting impact.”

In addition to the platform, Diversity Recruitment Partners is introducing its Level Up Workshop Series, a professional development program tailored to support educators in advancing their careers. Held in October, the series focuses on essential skills such as job selection, interview preparation, and salary negotiation, all vital for navigating the competitive job market. Over 400 participants attended, with Curtis Valentine, founder of Real Men Teach and co-host and moderator of the series, along with twelve experts like Dr. William Hayes, Dr. Charlene Dukes, Dr. Lisa Herring, and Dr. Rudy Ruiz offering invaluable guidance to help educators thrive.

This initiative aligns with Diversity in Ed Magazine’s mission to foster retention and reduce turnover. In the Fall 2024 issue https://diversityined.uberflip.com/i/1529058-diversity-in-ed-magazine-fall-issue-2024/0? readers will find features on strategic hiring, smart use of AI in recruitment, and a special Superintendent Watchlist highlighting districts excelling in Diversity, Equity, and Inclusion (DEI), such as Rocketship Public Schools and Allentown School District.

Join us at the upcoming Virtual Education Career Fair on December 5, where schools and diverse candidates can connect directly. For more information, visit https://k-12.careerfairexpo.com or contact editor@diversityined.com.

Together, we’re shaping stable, inclusive educational communities for lasting impact.

Contact information:
Trina Edwards
editor@diversityined.com
(281) 265-2473

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SOURCE Diversity Recruitment Partners

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