Mental Health And Psychology Payment Trends: 2023 vs 2024
Mental Health & Psychology Payment Performance: A Modest Improvement of 3.6 Points in 2024
The Comparison
Here's a data snapshot comparing payment performance within the mental health and psychology sector across 2023 and 2024:
- 2023: Three companies were analyzed, yielding an average payment score of 64.5 out of 100.
- 2024: Four companies were analyzed, resulting in an average payment score of 68.1 out of 100.
What This Means
While the average payment score in the sector has improved, the 3.6-point increase year-over-year suggests a relatively small shift in payment behaviors. The addition of one company to the dataset in 2024 may have influenced the average, so we must avoid assuming it reflects a broad industry trend. If late payments are still impacting your business, use this late payment calculator to work out what you can charge.
In Summary: Mental Health & Psychology payment scores increased marginally from 64.5 (2023) to 68.1 (2024).
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