Funding By Field

Funding for dental, medical, veterinary, and healthcare operators

Direct answer

Practition Finance covers 47 fields across licensed practices and healthcare businesses. Each field faces different capital events and is read on different numbers, so each has its own page setting out the events, the ranked programs, what funders read first, and the rule that changes the structure.

As of October 2026

A field page starts with the 3 capital events that field actually faces, ranks the programs against those events, and then sets out what a funder reads first on that kind of operator.

The rule that changes the structure, whether it is a certification, an accreditation, a payer contract, or an ownership doctrine, is stated on the page rather than left for the file to discover.

An operation that bills insurance is read on payer mix, days in accounts receivable, credentialing lag, and certification. A practice paid at the point of service is read on collections, production, overhead, and the patient base.

Licensed practices

Clinical settings read on collections, production, overhead, and the patient base

General dentistry
Acquisition of an established practice, De novo or second location, Operatory equipment and imaging
Dental specialties
Specialty practice acquisition, De novo or satellite office, Specialty equipment and imaging
Med spa and aesthetics
Device purchase or device fleet refresh, Build-out or a second location, Working capital for injectable inventory
Dermatology
Capital events: Acquisition or roll-in, In-house path lab or Mohs suite, Laser and device purchases. Page publishes in wave 2.
Plastic and cosmetic surgery
Capital events: Accredited in-office operating room, Anesthesia and surgical equipment, Owner-occupied real estate. Page publishes in wave 2.
Optometry and ophthalmology
Capital events: Cold start or acquisition, Lane equipment and diagnostic imaging, Retail optical inventory. Page publishes in wave 2.
Veterinary
Practice acquisition or tuck-in, Real estate purchase or construction, Diagnostic and surgical equipment
Chiropractic
Capital events: Startup or acquisition, Decompression tables and digital imaging, Working capital. Page publishes in wave 3.
Physical, occupational, and speech therapy
Capital events: Startup or expansion clinic, Equipment and clinic build-out, Working capital through credentialing. Page publishes in wave 2.
Fertility and IVF
Capital events: Embryology lab build-out, Lab and imaging equipment, Owner-occupied real estate. Page publishes in wave 3.
Medical weight loss and GLP-1 clinics
Capital events: Clinic startup, Inventory and telehealth platform, Marketing capital and expansion. Page publishes in wave 2.
IV hydration and infusion
Capital events: Clinic startup or mobile unit, Build-out, Working capital. Page publishes in wave 2.
Hormone, TRT, and men's health clinics
Capital events: Clinic startup, Telehealth infrastructure, Working capital and expansion. Page publishes in wave 2.
Hair restoration
Capital events: Extraction system purchase, Suite build-out. Page publishes in wave 3.
Concierge and direct primary care
Capital events: Startup or conversion from an insurance model, Bridge capital during the membership ramp, Real estate. Page publishes in wave 3.
Audiology and hearing centers
Capital events: Acquisition or startup, Device inventory, Testing equipment. Page publishes in wave 3.
Podiatry
Capital events: Acquisition, In-office surgical and laser equipment, Dispensing inventory. Page publishes in wave 3.
Pain management and interventional
Capital events: Office-based lab or surgery center build, Fluoroscopy and imaging equipment, Acquisition. Page publishes in wave 3.
Ketamine, TMS, and interventional psychiatry
Capital events: Treatment device purchase, Clinic startup, Working capital. Page publishes in wave 3.

Healthcare businesses

Operators read on payer mix, days in accounts receivable, certification, and contract terms

Sleep centers
Capital events: Testing equipment, Home sleep test inventory, Working capital. Page publishes in wave 3.
Urgent care
De novo center build, Imaging and lab equipment, Working capital through credentialing and the reimbursement lag
Home health
Payroll between visit and remittance, Acquisition of a certified agency, Startup after certification
Non-medical home care
Capital events: Payroll funding against waiver and managed care receivables, Franchise startup, Territory expansion. Page publishes in wave 2.
Hospice and palliative
Capital events: Working capital through the certification ramp, Inpatient unit build, Acquisition. Page publishes in wave 2.
Medical staffing
Weekly payroll against net-45 to net-90 invoices, Growth in filled shifts, New client onboarding
DME and HME suppliers
Inventory and rental fleet, Receivable financing against Part B and commercial claims, Acquisition
Clinical and toxicology labs
Capital events: Analyzer purchase, Working capital, Receivable financing. Page publishes in wave 2.
Imaging centers
Capital events: Modality purchase or replacement, De novo center, Working capital. Page publishes in wave 2.
Behavioral and mental health group practices
Working capital through the credentialing lag, Group acquisition, Expansion and electronic health record replacement
ABA and autism therapy
Working capital against authorization and billing lag, Center build-out, Acquisition
SUD treatment and residential
Capital events: Facility real estate, Licensing ramp, Working capital. Page publishes in wave 3.
IDD services
Capital events: Payroll funding against waiver receivables, Vehicles, Facilities. Page publishes in wave 3.
ASCs and OBLs
De novo center on projected case volume, Operating room and imaging equipment, Physician buy-in syndication and owner-occupied real estate
Primary care and family medicine
Capital events: Acquisition, Expansion, Working capital and real estate. Page publishes in wave 2.
Specialty physician groups
Capital events: Ancillary build-out, Acquisition and real estate, Working capital. Page publishes in wave 2.
Independent pharmacy
Acquisition of the business or the prescription files, Inventory line bridging wholesale terms and reimbursement, Owner-occupied real estate
Medical billing and RCM companies
Capital events: Receivable financing against practice invoices, Working capital, Acquisition. Page publishes in wave 3.
Medical device and supply distributors
Capital events: Purchase order financing, Inventory, Receivable financing. Page publishes in wave 3.
NEMT and ambulance
Capital events: Vehicle fleet, Receivable financing against broker and plan payments, Working capital. Page publishes in wave 2.
Skilled nursing, assisted living, and memory care
Capital events: Working capital, Equipment, Facility debt through an agency desk. Page publishes in wave 3.
Dialysis and infusion centers
Capital events: Equipment, Build-out, Working capital. Page publishes in wave 4.
Telehealth and virtual clinics
Capital events: Platform build, Marketing capital, Working capital. Page publishes in wave 3.
Occupational health and drug testing
Capital events: Employer contract receivable financing, Equipment, Mobile units. Page publishes in wave 3.
Dental labs
Capital events: Milling and printing equipment, Receivable financing against practice invoices. Page publishes in wave 4.
Mobile diagnostics
Capital events: Vehicles and portable equipment, Receivable financing against facility contracts. Page publishes in wave 4.
Clinical research sites
Capital events: Sponsor payment lag, Working capital, Site expansion. Page publishes in wave 4.
Medical transcription, coding, and credentialing services
Capital events: Receivable financing against practice invoices, Working capital. Page publishes in wave 4.

The numbers behind these pages

Each one is a published market figure, current as of the date beside it, not an offer on your file

Days in AR benchmark: Under 30 high performing, 30 to 40 acceptable, over 50 a problem¹VerifiedAugust 2026
Denial rate benchmark: Under 5% top quartile, 8% to 10% average²VerifiedAugust 2026
Credentialing lag: 60 to 120 days³DirectionalAugust 2026
Dental private-sale pricing: 65% to 85% of collections, clustering 70% to 80%, specialty 80% to 100%⁴VerifiedAugust 2026

Program and field combinations

Each combination page reads one program against one field, with the terms and the failure points that pairing actually produces

Sources

1MGMA and HFMA aligned sources
2MGMA-cited
3Crestmont
4dentalpracticeinsider.org, dentaltransitions.com
5dentalpracticeloanguide.com
6dentaltransitions.com
7dentalpracticeinsider.org
8usbank.com practice financing
9SBA.gov
10dealprospectors.com

Questions about coverage

Why does the financing differ by field?

Because the numbers a funder reads differ. A practice paid at the visit is read on collections, overhead, and the patient base. An operation that bills third parties is read on payer mix, days in accounts receivable, and denial behavior. The same financing structure is underwritten against different evidence in each case, and the document set changes with it.

What is the difference between a practice and a healthcare business here?

A practice is a licensed clinical setting where the owner or an employed clinician delivers care, and it is usually read on collections. A healthcare business bills a third party for services delivered under contract or certification, such as home health, staffing, or DME, and it is read on the revenue cycle behind those claims.

How many fields have a page today?

12 fields are published in the first wave, covering the largest practice and healthcare business categories. The remaining fields are listed below and publish in later waves. A field without a page still appears in the list so the coverage is visible rather than implied.

Do these pages state what a funder will offer?

No. Every figure on a field page is a published market reference, dated, with the publisher listed in the sources at the bottom of the page. Nothing here is a credit decision, an offer, or an indication of terms for your request.

What does Practition Finance charge for this?

Nothing. Practition Finance is an independent business financing referral service compensated by funding partners when a referred account activates. Depending on the state, it either arranges a request with third-party funding partners or transfers the inquiry to a licensed partner, as the disclosures on every page set out.

Where should someone start who runs 2 different entities?

Start with the entity that carries the capital event, because the file is assembled around that entity's numbers. When a practice and a healthcare business sit under common ownership, a funder reads both, and the page for each field explains which statements and reports it reads first.

Take the checklist with you

Practices

Practice Financing Readiness Kit

What a lender reads before it reads your numbers

PDF · 9 pages · v1.0

The practice document checklist, in the order a lender asks for it
The valuation ladder: percent of collections, SDE multiple, and EBITDA multiple
The acquisition capital stack, drawn
The de novo cash curve to break-even
The lease versus loan after-tax comparison worksheet
The 12 questions to ask before signing a letter of intent

Other places to start

Describe the situation in your own field and get the categories that commonly apply to it

Start the conversation See all programs