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Healthcare And Wellbeing Payment Practices Report 2021

•By PaymentCheck•Reports

UK Healthcare and Wellbeing Sector Shows Stronger Payment Performance Than Average

The Numbers

  • Companies analysed: 69
  • Average PaymentCheck Score: 63.7/100
  • UK average: 50.0/100 (Healthcare And Wellbeing is 13.7 points above)
  • London average: 70.9/100 (18 companies)
  • South West average: 68.0/100 (6 companies)
  • West Midlands average: 67.5/100 (3 companies)
  • Wales average: 66.3/100 (2 companies)
  • South East average: 65.5/100 (16 companies)

What Stands Out

While the Healthcare and Wellbeing sector's average PaymentCheck score of 63.7 is noticeably better than the UK average of 50, the large disparity between the best and worst payers – a gap of over 75 points – suggests significant inconsistencies in payment practices across the industry. The concentration of better payers in London could indicate the capital's businesses have a greater understanding of financial matters.

Best Payers

  1. PHYLLIS TUCKWELL MEMORIAL HOSPICE LIMITED - 96.8/100
  2. OASIS DENTAL CARE LIMITED - 95.9/100
  3. FRAGRANCE OILS (INTERNATIONAL) LIMITED - 94/100
  4. FITTLEWORTH MEDICAL LIMITED - 93.3/100
  5. J C CARE LIMITED - 92.8/100

Worst Payers

  1. BESTWAY PHARMACY NDC LIMITED - 21.2/100
  2. BOOTS MANAGEMENT SERVICES LIMITED - 27.7/100
  3. PZ CUSSONS (UK) LIMITED - 29.4/100
  4. TEVA UK LIMITED - 30.6/100
  5. BOOTS INTERNATIONAL LIMITED - 32.64/100

Regional Patterns

London leads the regional averages with a score of 70.9, but with 18 companies factored into that average, it indicates more businesses are paying well in London than elsewhere. However, the smaller sample sizes in regions like Wales (2 companies) make it difficult to draw definitive conclusions; for example, the Wales average could be easily swayed by the performance of just one organisation.

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While the Healthcare and Wellbeing sector outperforms the UK average, it's clear that not all companies are sharing the benefits; Bestway Pharmacy NDC’s score of 21.2 drags the whole sector down.