The Healthcare & Wellbeing sector demonstrates demonstrably better payment performance than the UK average, with a PaymentCheck score of 62.6 compared to the UK's 50. However, a massive gulf exists between the best and worst payers, highlighting significant inconsistencies in financial responsibility across the sector. The bottom payer, Boots Management Services Limited, has a score almost 80 points lower than Motability Operations Limited, the top payer.
Regional payment performance varies considerably, with the "Unknown" region (only one company) topping the charts at 76.0. The South West and East of England also performed well, with averages of 75.2 and 75.1 respectively, while London, with the largest sample size (15 companies), lags behind at 64.5. The West Midlands, based on a sample of a single company, sits in the middle at 70.1.
Consider using a late payment calculator to assess the potential impact of these payment practices on your business.
Takeaway: Despite an average score of 62.6, 39% higher than the national average of 50, some healthcare and wellbeing companies, like Boots Management Services Limited at 22, are frankly awful payers, creating cash flow problems for their suppliers.
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