Faucher

PNC Survey Shows Business Owner Optimism Continues to Soar Amid Improving Economic Conditions

Retrieved on: 
Wednesday, February 28, 2024

PITTSBURGH, Feb. 28, 2024 /PRNewswire/ -- PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, shows that business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession.

Key Points: 
  • PITTSBURGH, Feb. 28, 2024 /PRNewswire/ -- PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, shows that business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession.
  • Four in 10 (40%) are highly optimistic about the global economy, up from 25% last fall and 9% a year ago.
  • Nearly two-thirds of business owners (63%) are highly optimistic about their local economy, up from 47% last fall and 30% a year ago.
  • The PNC Economic Outlook survey was conducted by telephone from 1/2/2024 to 2/1/2024, among small and mid-sized business owners/leaders with self-reported revenue of $100,000 to $250 million.

Clearway Health Marks Anniversary; Bolsters Specialty Pharmacy Accelerator Capabilities to Drive Company Growth

Retrieved on: 
Wednesday, October 4, 2023

BOSTON, Oct. 4, 2023 /PRNewswire/ -- Clearway Health , a specialty pharmacy accelerator partnering with hospitals and health systems to build and strengthen programs that improve access to care, marked its anniversary this week.

Key Points: 
  • BOSTON, Oct. 4, 2023 /PRNewswire/ -- Clearway Health , a specialty pharmacy accelerator partnering with hospitals and health systems to build and strengthen programs that improve access to care, marked its anniversary this week.
  • Clearway Health achieved many growth milestones in the last year, including growing its workforce by 68% and earning recognition as a Great Place to Work in Healthcare®.
  • "Our approach to growth has been intentional to ensure Clearway Health maintains focus on what's important to our clients and the patients they serve," said Nicole Faucher, MS, president, Clearway Health.
  • We demonstrated exceptional value and positioned ourselves for continued growth in the specialty pharmacy accelerator market."

PNC Survey Shows Business Owner Optimism Soars To 21-Year Record High While Hiring Concerns Linger

Retrieved on: 
Thursday, September 7, 2023

Expectations for sales are similar to the spring survey, with 62% expecting an increase.

Key Points: 
  • Expectations for sales are similar to the spring survey, with 62% expecting an increase.
  • Nearly two-thirds (65%) attribute their greater optimism for their business to confidence in their ability to run it.
  • Other findings in the survey include:
    Seeking Artificial Intelligence: One in three business owners (33%) believe Artificial Intelligence (AI) applications could be useful to their business.
  • Supply Chain Concerns Abate: Business leaders' top concern for their business in the next six months has shifted from supply chain disruptions to costs.

Now Health International Celebrates Another Service Success

Retrieved on: 
Wednesday, August 9, 2023

Award-winning International Private Medical Insurance (IPMI) provider Now Health International is celebrating its latest customer service success, having won another prestigious award, Customer Service Initiative of the Year, recognising its leadership in this area.

Key Points: 
  • Award-winning International Private Medical Insurance (IPMI) provider Now Health International is celebrating its latest customer service success, having won another prestigious award, Customer Service Initiative of the Year, recognising its leadership in this area.
  • In addition to its TrustPilot score reflecting how the company’s members feel about its products and service, Now Health International also uses an internal survey program to proactively address customer issues and make life even easier for its members.
  • Now Health International reports that it processes and pays 99% of members’ claims within five working days, which is one of the core components of the company’s Service Promise.
  • But while many insurers are fully automating these processes – and seeing mixed results – Now Health International relies on human expertise and personal qualities like empathy and compassion to enhance its claims processes.

PNC SURVEY SHOWS SMALL BUSINESS OWNERS SEE BRIGHT FUTURES FOR THEIR OWN BUSINESSES

Retrieved on: 
Monday, February 27, 2023

Nearly six in 10 small and mid-sized business owners are highly optimistic about their own company's prospects in the next six months, a survey high.

Key Points: 
  • Nearly six in 10 small and mid-sized business owners are highly optimistic about their own company's prospects in the next six months, a survey high.
  • Fewer business owners plan to increase their own prices to customers by 5% or more than in 2022.
  • In fact, business owner optimism about the outlook for their own businesses in the next six months has reached a 20-year survey high.
  • The PNC Economic Outlook survey was conducted by telephone from 1/3/2023 to 2/6/2023, among small and mid-sized businesses with self-reported revenue of $100,000 to $250 million.

PNC SURVEY SHOWS SMALL BUSINESS OWNERS OPTIMISTIC DESPITE INFLATION, RECESSION WORRIES

Retrieved on: 
Thursday, September 8, 2022

About half (49%) of small and mid-sized business owners are highly optimistic about the near-term prospects for their own businesses.

Key Points: 
  • About half (49%) of small and mid-sized business owners are highly optimistic about the near-term prospects for their own businesses.
  • Concerns about inflation and the impact of price hikes on their businesses remain top of mind among owners and executives.
  • Further, business owners are expressing concerns that a recession is on the horizon.
  • "This survey demonstrates that business owners see conditions as generally still solid despite concerns over high inflation.

SQUEEZED BY INFLATION, SMALL BUSINESS OWNERS EXPECT TO RAISE PRICES; SUPPLY CHAIN DISRUPTIONS TO EASE, PNC SURVEY SHOWS

Retrieved on: 
Thursday, March 10, 2022

In January, a third (34%) of owners who rely on a supply chain said timeliness had worsened in the previous six months.

Key Points: 
  • In January, a third (34%) of owners who rely on a supply chain said timeliness had worsened in the previous six months.
  • Concern about supply chain disruptions was highest in the manufacturing (56%), wholesale/retail (51%) and construction (38%) sectors.
  • However, six in 10 (57%) expect the timeliness of their supply chain issues to improve in the next six months.
  • "Supply chain problems have been a big contributor to the highest inflation the U.S. has seen in almost 40 years.

Small Business Optimism Hits Record High, Gaining Momentum From Vaccines And Adapted Pandemic Operations, PNC Survey Shows

Retrieved on: 
Monday, September 27, 2021

Data gathered during PNC's survey demonstrates that vaccines are top-of-mind for business owners.

Key Points: 
  • Data gathered during PNC's survey demonstrates that vaccines are top-of-mind for business owners.
  • "The survey results demonstrate that most business owners believe the vaccine can have a positive impact on their businesses," PNC Chief Economist Gus Faucher said.
  • "Further, business owner optimism rises as vaccination rates increase, indicating that efforts to support vaccinations broadly could strengthen the economic recovery."
  • The nature of how many businesses operate has undergone permanent changes since the pandemic, according to PNC's latest survey.

Amid Pandemic, Small Business Owners Respond With Meaningful Transformation; Remain Resilient, PNC Survey Shows

Retrieved on: 
Monday, September 28, 2020

"Their confidence may be shaken, but we know through the history of this survey that business owners are resilient and they know how to adapt to change."

Key Points: 
  • "Their confidence may be shaken, but we know through the history of this survey that business owners are resilient and they know how to adapt to change."
  • According to the survey, half (51%) of businesses report increased use of technology since the outbreak began.
  • Unemployment will remain elevated for years to come as business owners continue to deal with the impacts of the pandemic," said Faucher.
  • He added that technology may be the key to business survival, and the PNC survey showed that many owners are making the necessary investments.