Bank Statement Analysis for Veterinary Clinics and Animal Hospitals

Veterinary Practices: Healthcare Economics, Cash-Pay Reality

Veterinary medicine has the clinical profile of healthcare but the payment profile of cash-pay retail. Unlike human medicine, there is no dominant insurance reimbursement system — most revenue is collected at time of service, which produces clean, fundable bank statements.

How Vet Revenue Flows

• Card settlements: Daily card batches at point of service; high average ticket for surgeries and diagnostics.
• Pet-insurance reimbursements: Usually paid to the owner, not the clinic — so insurance rarely clutters the clinic's deposits.
• Financing partner deposits: CareCredit and Scratchpay disburse to the clinic for financed procedures — recognize these as revenue, not anomalies.
• Boarding, grooming, and pharmacy: Recurring ancillary revenue.

Equipment-Intensive and Recession-Resistant

Vet clinics invest heavily in diagnostic and surgical equipment (digital radiography, ultrasound, anesthesia, lab analyzers), so scheduled equipment-finance payments are normal and positive. Demand is also resilient — pet spending holds up through downturns, a strength lenders should weight.

What Lenders Focus On

• Average monthly card settlements and growth trend
• CareCredit/Scratchpay deposits recognized as legitimate revenue
• Equipment-finance obligations vs. cash flow
• Near-zero NSF for an established practice

Bottom Line

Veterinary clinics are excellent lending candidates: cash-pay, recession-resistant, and high-ticket. StatementScrub flags financing-partner deposits as revenue and produces clean income figures for equipment and expansion loans.

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