Growing companies in healthcare are increasingly using working capital solutions. In 2024, 97% of growing companies in the industry will be using at least one such solution, a 51% increase from the previous year. Preference for on-demand solutions such as corporate cards, virtual cards, and bank lines of credit jumped 285% and 92%, respectively.
The most efficient growth companies in healthcare leveraged flexible, strategic working capital solutions. As a result, we achieved a bottom line profit of $8.6 million due to reduced interest, inventory carrying costs and supplier discounts. These top performers tend to use working capital strategically. For example, we covered planned cash flow gaps associated with predictable business cycles and invested in business growth.
The PYMNTS Intelligence fact sheet, “2024-2025 Growth Business Working Capital Index: Healthcare Data Overview,'' commissioned by Visa, provides a sample of companies that are driving local and global economies, and what they are doing to support their growth. Investigating available working capital solutions. Overall, we surveyed 1,297 CFOs and treasurers across eight industry segments, five global regions, and 23 countries. This data brief shares insights from 175 CFOs and treasurers in the healthcare industry.
The 2024-2025 Working Capital Index for Growth Companies: Healthcare Data Overview provides an overview of:
Examples of working capital efficiency Insights into how growing companies in healthcare are deploying working capital strategically and tactically Top working capital solutions used by these growing companies
