The Healthcare and Wellbeing sector outperforms the UK average for payment practices by a significant 15.5 points, suggesting a generally responsible approach to supplier payments. However, the gap between the best and worst payers – a massive 80.2 points between Motability Operations and Galderma – highlights a substantial inconsistency within the sector.
Regional differences, while present, aren't particularly pronounced; even the highest-performing West Midlands (75.9/100) is only 8.6 points above the sector average, though we should acknowledge this is only based on 2 companies. It's fair to say that geographic location is not a strong indicator of payment practices within this sector.
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Despite a sector average of 65.5, the stark 80.2-point difference between the best and worst payers should prompt suppliers to carefully vet potential clients in the Healthcare and Wellbeing space.
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