Physical Health Payment Trends: 2023 vs 2024
Physical Health Payment Practices Improve Significantly: Average Score Jumps 11.8 Points
The Comparison
- 2023: Across nine companies in the physical health sector, the average payment practices score was 68.0 out of 100.
- 2024: The average score increased to 79.8 out of 100, based on data from eight companies.
What This Means
The near 12-point improvement indicates a notable, if not transformative, shift in how physical health businesses are managing payments. While the sample size is slightly smaller in 2024, the substantial increase suggests that companies are prioritizing more timely and efficient payment protocols, perhaps driven by lessons learned in previous years. Businesses experiencing late payments can use a late payment calculator to understand the potential financial impact.
In summary: Physical health payment practices improved from an average score of 68.0 to 79.8.
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