Physical Health Payment Practices Show Slight Improvement: Average Score Up 3.2 Points in 2022

The Comparison

Here's a snapshot comparing payment performance in the physical health sector between 2021 and 2022, based on a cohort of nine companies:

• 2021: Nine companies surveyed achieved an average payment score of 65.0 out of 100.
• 2022: The same nine companies increased their average payment score to 68.2 out of 100.

What This Means

While there is an improvement, an increase of 3.2 points on a 100-point scale represents only a marginal shift in payment practices within this segment of the physical health industry. The data suggests slight efficiency gains, but the sector may still benefit from reviewing internal processes related to invoicing and payment collection to ensure more substantial improvements. For businesses looking to assess the impact of delayed payments, this late payment calculator could be useful.

Summary: Payment performance in physical health saw a minor boost, from 65.0/100 in 2021 to 68.2/100 in 2022.