CREDEITY RESEARCH

Underwriting Research

Research on evidence integrity, payment behavior, reconciliation, and verification in commercial credit.

Credeity publishes independent research on payment behavior patterns in healthcare lending, structured for use by credit analysts and underwriting teams.

RESEARCH NOTE · MARCH 2026

This paper examines how vendor payment behavior derived from borrower-authorized accounting exports can surface early-stage financial stress that traditional bureau data and financial statements miss: and how lenders can incorporate this signal into healthcare credit evaluation.

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What traditional underwriting doesn't reveal

Financial statements show what a borrower says is happening. Payment behavior shows what is actually happening.

Traditional underwriting tells you whether repayment appears possible. Credeity shows how borrowers actually behave before problems appear.

You already reviewWhat it doesn't revealWhat Credeity adds
Credit bureau reportHow vendors actually get paidPayment Discipline Index (PDI)
Tax returnsPayment behavior between filing periodsMulti-month payment trend
Financial statementsOperational discipline month to monthCash flow corroboration
Bank statementsPayment prioritization under stressPayment prioritization analysis
AR agingVendor-side payment stretchCollection deterioration signal
Practice productionRevenue quality and collection consistencyCollection consistency signals
Credit referencesRecurring payment disciplineCross-source payment reconciliation