Care Services Payment Practices See Marginal Improvement: 2023 Scores Rise to 76.3/100

The Comparison

Here's a snapshot of payment practices in the Care Services sector across the past two years:

• 2022: Analysed across 135 companies, the average payment score was 75.1 out of 100.
• 2023: The analysis included 121 companies, revealing an average payment score of 76.3 out of 100.

What This Means

The data indicates a slight positive shift in payment performance within the Care Services sector; however, the 1.3-point increase from 2022 to 2023 represents a relatively small improvement. While any progress is welcomed, this marginal change suggests persistent underlying challenges in ensuring timely payments across the industry. Companies experiencing payment delays can use a late payment calculator to understand potential interest and compensation owed.

In brief: Despite a reduction in the number of companies analysed, the sector average improved marginally: 75.1/100 in 2022 vs 76.3/100 in 2023.