While the sector did improve its overall payment performance score year-on-year, the increase of 0.9 points is marginal, suggesting underlying issues around payment terms and processes persist. The small sample size increase, from 64 to 65 companies, rules out increased competition as a key driver of improvement. Further analysis is needed to ascertain why the sector continues to struggle with payment efficiency - are customers taking too long to pay? Find out what late payments could be costing your business with our late payment calculator.
Overall, the Healthcare & Wellbeing sector improved its average payment score from 64.6 (out of 100) in 2022 to 65.5 in 2023.