Physical Health Payment Trends: 2022 vs 2023
Physical Health Payment Performance Stalls: 2023 Scores 68.0/100, Down Slightly From 68.2/100 in 2022
The Comparison:
- 2022: Nine companies were assessed, achieving an average payment score of 68.2 out of 100.
- 2023: The same number of companies (nine) received an average score of 68.0 out of 100.
What This Means
While both years feature identical sample sizes, the marginal decrease of 0.2 points from 2022 to 2023 indicates a near standstill in payment performance within the physical health sector. This static performance highlights that the rate at which invoices are paid has not improved and could potentially be a cause for concern for suppliers navigating payment terms, especially with rising operational costs (Use our late payment calculator).
One-line summary: Payment scores in physical health edged down slightly from 68.2 in 2022 to 68.0 in 2023, based on the same cohort of nine companies.
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