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Healthcare And Wellbeing Payment Practices Report 2024

•By PaymentCheck•Reports

UK Healthcare & Wellbeing Sector Shows Above-Average Payment Performance, But Significant Disparities Remain

The Numbers

  • Average PaymentCheck Score: 65.1/100 (60 companies analysed)
  • UK Average PaymentCheck Score: 50.0/100
  • Healthcare & Wellbeing Sector Outperformance: 15.1 points above UK average
  • Top Payer Score: 99.6/100 (Motability Operations Limited)
  • Bottom Payer Score: 21.82/100 (Boots Management Services Limited)
  • Regional Payment Performance Range: 76.8/100 (West Midlands) to 66.9/100 (South East)

What Stands Out

While the sector's average payment performance is notably better than the UK average, a wide range exists: some organisations are exemplary payers, while others fall considerably short. Boots Management Services Limited's PaymentCheck score of 21.82/100 is almost 80 points lower than the top payer, indicating significant payment issues within the organisation. You can use a late payment calculator to estimate the potential costs of slow payments.

Best Payers

  1. MOTABILITY OPERATIONS LIMITED - 99.6/100
  2. PHYLLIS TUCKWELL MEMORIAL HOSPICE LIMITED - 96.35/100
  3. OASIS DENTAL CARE LIMITED - 94.7/100
  4. PARTNERSHIPS IN CARE SCOTLAND LIMITED - 94.6/100
  5. J C CARE LIMITED - 94.3/100

Worst Payers

  1. BOOTS MANAGEMENT SERVICES LIMITED - 21.82/100
  2. PZ CUSSONS (UK) LIMITED - 22.83/100
  3. VIIV HEALTHCARE TRADING SERVICES UK LIMITED - 29/100
  4. TEVA UK LIMITED - 30.3/100
  5. MEDIGOLD HEALTH CONSULTANCY LIMITED - 33.8/100

Regional Patterns

The West Midlands leads in payment performance with an average score of 76.8, but with only two companies contributing to this average, it's hard to call it definitive proof of better payment practices in the region. London, with 18 companies, has a solid average of 70.1, while the South East (13 companies) lags behind at 66.9, which suggests that geography may, in some instances, play a role.

While the Healthcare and Wellbeing sector as a whole fares better than the national average for payment performance, with a score of 65.1/100 versus 50.0/100, the data clearly shows there are still some organisations lagging far behind, potentially putting a squeeze on their suppliers.