Illinois micro-market
Healthcare practice financing in Grayslake, Illinois
Direct answer
Lake County carries 16 SBA healthcare approvals worth $6,809,300, and inside Grayslake the census shows 305 enumerated clinicians against 21,262 residents, 143.4 per 10,000, 40 percent of them in physical, occupational, and speech therapy. Kenosha, WI lies 19 miles away.
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- Population: 21,262 residents (10K-25K band)1
- Healthcare providers registered here: 305 across 22 fields2
- Median household income: $113,6973
- Largest provider field: Physical, occupational, and speech therapy: 121 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Kenosha, WI, 19 miles1
The clinical base a lender can verify here
The NPPES file puts 305 enumerated clinicians inside Grayslake, spread over 22 fields at 143.4 per 10,000 residents
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 121 | 56.9 | NPPES [2] |
| Primary care and family medicine | 42 | 19.8 | NPPES [2] |
| Behavioral and mental health group practices | 31 | 14.6 | NPPES [2] |
| Chiropractic | 19 | 8.9 | NPPES [2] |
| Specialty physician groups | 17 | 8.0 | NPPES [2] |
| Dental specialties | 15 | 7.1 | NPPES [2] |
| General dentistry | 11 | 5.2 | NPPES [2] |
| Non-medical home care | 11 | 5.2 | NPPES [2] |
| Optometry and ophthalmology | 10 | 4.7 | NPPES [2] |
| DME and HME suppliers | 9 | 4.2 | NPPES [2] |
| ABA and autism therapy | 3 | 1.4 | NPPES [2] |
| Telehealth and virtual clinics | 3 | 1.4 | NPPES [2] |
| Dermatology | 2 | 0.9 | NPPES [2] |
| NEMT and ambulance | 2 | 0.9 | NPPES [2] |
| Audiology and hearing centers | 2 | 0.9 | NPPES [2] |
| Podiatry | 1 | 0.5 | NPPES [2] |
| Urgent care | 1 | 0.5 | NPPES [2] |
| ASCs and OBLs | 1 | 0.5 | NPPES [2] |
| Independent pharmacy | 1 | 0.5 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.5 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.5 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.5 | NPPES [2] |
| Medical equipment suppliers | 5 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Physical, occupational, and speech therapy carries 121 of the 305 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
What Lake County credit files already show
16 healthcare approvals averaging $425,581 set the deal shape lenders in Lake County have already underwritten
| What it measures | Value | How to read it |
|---|---|---|
| Approvals on record | 16 | Fiscal year published in the SBA file [5] |
| Total approved capital | $6,809,300 | Sum of approvals to healthcare borrowers [5] |
| Mean deal size | $425,581 | Dollars divided by approvals [5] |
| Lenders sited in the county | 318 | Credit intermediation establishments, NAICS 522 [6] |
What the two tables above change about a file
A file from here opens on 143.4 providers per 10,000 residents, and everything about volume follows from it. 16 approvals worth $6,809,300 in Lake County means the size you are asking for has a local precedent to point at. With $113,697 as the median household income, the payer mix in a projection has to match what Grayslake households actually spend.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Expansion, relocation, and build-out
- Equipment financing and leasing
The 22 fields practicing locally set this order. A funding partner, not this list, decides what is available in Illinois.
What a funder reads first in Grayslake
physical, occupational, and speech therapy, primary care and family medicine, behavioral and mental health group practices account for most of what is enumerated in Grayslake, so those are the files funders see from this town
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (121) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (42) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Behavioral and mental health group practices (31) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
Column one counts Grayslake clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Grayslake file differently.
How Grayslake prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when Grayslake has too few sales of its own
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Grayslake (current) | 21,262 | 305 | 143.4 | |
| Round Lake | 18,654 | 44 | 23.6 | 3 |
| Round Lake Beach | 27,091 | 62 | 22.9 | 4 |
| Gurnee | 30,546 | 493 | 161.4 | 5 |
| Libertyville | 20,643 | 643 | 311.5 | 5 |
| Lindenhurst | 14,564 | 91 | 62.5 | 5 |
| Mundelein | 32,641 | 192 | 58.8 | 5 |
What the geography does to a Grayslake projection
19 miles separate Grayslake from Kenosha, WI. Lease pricing follows Kenosha, WI, while revenue stays capped by the 21,262 residents here. At $113,697 median household income, the elective and cash-pay share of a projection is the line that gets tested first. No hospital operates here, so the referral sources and the call arrangement have to be named rather than assumed. Higher education here explains why summer looks unlike the rest of the year.
Other Illinois markets
- Round Lake 18,654 residents
- Round Lake Beach 27,091 residents
- Gurnee 30,546 residents
- Libertyville 20,643 residents
- Lindenhurst 14,564 residents
- Mundelein 32,641 residents
Grayslake owners, answered
01How many providers practice in Grayslake, and in what?
305 enumerations sit at Grayslake addresses in the monthly NPPES file, working out to 143.4 for every 10,000 residents. 40 percent of them are physical, occupational, and speech therapy, and primary care and family medicine follows with 42. An enumeration is a clinician, so the 305 here cover fewer than 305 practices.
02What does a $113,697 median income mean for case acceptance?
Median household income in Grayslake runs $113,697. On elective and cash-pay work that is the number a funder converts into case acceptance, and it sets how much of a treatment plan a projection can assume gets started rather than deferred.
03What does SBA lending look like around Grayslake?
Healthcare borrowers in Lake County took 16 approvals worth $6,809,300 in the published fiscal year, averaging $425,581. That is the comparable set an appraiser near Grayslake reaches for first.
04What does Lake County's shortage designation change?
Designated for primary care, dental, mental health, Lake County qualifies its clinicians for federal repayment support. On a file that turns on adding staff, that is the difference between a hiring assumption and a hiring plan.
05Which fields carry the volume in Grayslake?
Physical, occupational, and speech therapy at 121 providers and primary care and family medicine at 42 lead the 22 fields enumerated here. A funder reads that mix as the local competition set and the local hiring pool at once, before it reads a single line of your own numbers.
06Is Grayslake underwritten as part of Kenosha, WI?
Partly. Kenosha, WI is 19 miles out, so rent and equipment comparables travel in from there while patients still come from the 21,262 residents around Grayslake. Cost side metro, revenue side local.
Sources
- 1U.S. Census Bureau, Population Estimates, vintage 2024
- 2CMS NPPES, monthly full replacement file
- 3U.S. Census Bureau, ACS 5-year 2023, table B19013
- 4CMS Care Compare provider datasets
- 5U.S. Small Business Administration, 7(a) and 504 approvals
- 6U.S. Census Bureau, County Business Patterns 2022
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