What is the debt for the health technology sector in 2023?

Autonomous communities accumulate outstanding invoices without paying companies A total of 1,144 million euros, which represents a 30 percent increase compared to the beginning of 2023, while the average payment period is 96 days, up from 72 at the beginning of the year. From this it follows Health Credit Observatory of Spain’s Health Technology Companies, Fenin, was established by this commercial company to monitor these indicators. According to this report, the public debt of administrations with the health technology sector maintains an uneven evolution in 2023, in terms of accumulated amount and average payment terms. In this way, Fenin makes itself available to managements to reduce the current debt figure with the health technology sector. In particular to ensure liquidity and reliability of enterprises in the sector and to establish other financial and economic measures to promote the operation of enterprises.

Credit to Health Technology Sector

Fenin’s report deepens the health technology sector’s debt to society. Thus, they are the Community of Madrid (€219 M); Valencian Community (€215 M); Andalusia (€172 M) and Murcia (€85 M) have the highest debt levels. 19.1 percent, 18.7 percent, 15 percent and 7.4 percent of the total public debt respectively. However, there are autonomous communities with very low late fees, such as La Rioja (€7 M); Navarra (€12 M); Asturias (€20 M) and Extremadura (€21 M) have the lowest figures. Beyond total debt figures, another important indicator analyzed by Fen’s Health Debt Observatory is the average payment period (DSO) of health administrations’ invoices. In this sense, the Average invoice payment period is 96 days, That’s 33 percent more than the 72 days at the beginning of 2023. Therefore, Fenin is concerned with the situation of autonomous communities that exceed the 90-day average payment period, Murcia standing above all (203 days); Community of Madrid (138 days); Valencian Community (133 days) and Cantabria (127 days). Evolution of public debt with this sector The current economic climate is bad High inflation, rise in interest rates (making company financing more expensive) and the impact of increase in production costs are marked on the performance of the health technology sector. Affects the credibility of companies.