Illinois micro-market
Healthcare practice financing in Harvey, Illinois
Direct answer
A Harvey file is read against 125 local clinicians, 63.2 for every 10,000 of its 19,781 residents, 16 percent of them in specialty physician groups, plus the 122 SBA healthcare approvals worth $56,780,300 already recorded in Cook County, 16 miles from Chicago-Naperville-Elgin, IL-IN.
A location page indicates that Practition Finance is taking clients in that market. It does not represent a physical office, storefront, or licensed presence in that city or state. All services are delivered remotely by our US-based team. How a referral works in Illinois, and how many partners see it, is set out on the Illinois page.
- Population: 19,781 residents (10K-25K band)1
- Healthcare providers registered here: 125 across 22 fields2
- Median household income: $41,0913
- Largest provider field: Specialty physician groups: 20 registered providers2
- Medicare-certified providers in town: 4 across 3 categories4
- Nearest metro: Chicago-Naperville-Elgin, IL-IN, 16 miles1
Harvey clinicians, by field
125 providers across 22 fields, 63.2 per 10,000 residents, counted at Harvey addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Specialty physician groups | 20 | 10.1 | NPPES [2] |
| Primary care and family medicine | 19 | 9.6 | NPPES [2] |
| Physical, occupational, and speech therapy | 18 | 9.1 | NPPES [2] |
| Optometry and ophthalmology | 14 | 7.1 | NPPES [2] |
| Behavioral and mental health group practices | 11 | 5.6 | NPPES [2] |
| Independent pharmacy | 6 | 3.0 | NPPES [2] |
| DME and HME suppliers | 5 | 2.5 | NPPES [2] |
| Home health | 5 | 2.5 | NPPES [2] |
| General dentistry | 5 | 2.5 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 1.5 | NPPES [2] |
| Clinical and toxicology labs | 3 | 1.5 | NPPES [2] |
| Dialysis and infusion centers | 3 | 1.5 | NPPES [2] |
| SUD treatment and residential | 2 | 1.0 | NPPES [2] |
| Non-medical home care | 2 | 1.0 | NPPES [2] |
| Med spa and aesthetics | 2 | 1.0 | NPPES [2] |
| Urgent care | 1 | 0.5 | NPPES [2] |
| Chiropractic | 1 | 0.5 | NPPES [2] |
| Mobile diagnostics | 1 | 0.5 | NPPES [2] |
| Hospice and palliative | 1 | 0.5 | NPPES [2] |
| Clinical research sites | 1 | 0.5 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.5 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 1 | 0.5 | NPPES [2] |
| Dialysis facilities | 2 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Several of the 20 specialty physician groups enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What lenders have already approved in Cook County
Lenders in Cook County have already closed 122 healthcare approvals, averaging $465,412, which is the size a new file gets read beside
| Measure | Published figure | What sits behind it |
|---|---|---|
| Healthcare files approved | 122 | Fiscal year published in the SBA file [5] |
| Dollars behind them | $56,780,300 | Sum of approvals to healthcare borrowers [5] |
| Typical approval size | $465,412 | Dollars divided by approvals [5] |
| Credit offices operating locally | 2,528 | Credit intermediation establishments, NAICS 522 [6] |
Reading Harvey the way a credit committee does
63.2 per 10,000 is the first number a credit analyst converts into a realistic new-patient count. 122 approvals worth $56,780,300 in Cook County means the size you are asking for has a local precedent to point at. With $41,091 as the median household income, the payer mix in a projection has to match what Harvey households actually spend.
The programs this provider mix points at
- Practice acquisition
- Expansion, relocation, and build-out
- Working capital term loan
- Startup and de novo
- Equipment financing and leasing
Built from what is enumerated here rather than from a national list, so a field with no presence in Harvey does not appear. Availability is still a Illinois question.
Underwriting by field in Harvey
What a funder opens first depends on the field. In Harvey that means specialty physician groups, primary care and family medicine, physical, occupational, and speech therapy.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Specialty physician groups (20) | Ancillary revenue contribution, Provider productivity, Payer contracts | Ancillary build-out |
| Primary care and family medicine (19) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Physical, occupational, and speech therapy (18) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
NPPES supplies the Harvey counts. The reading columns describe the field in general, and no partner reviewing a Harvey file is bound by them.
How Harvey prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when Harvey has too few sales of its own
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Harvey (current) | 19,781 | 125 | 63.2 | |
| Markham | 11,290 | 29 | 25.7 | 2 |
| Dolton | 20,697 | 54 | 26.1 | 3 |
| Hazel Crest | 13,036 | 181 | 138.8 | 3 |
| Homewood | 18,789 | 313 | 166.6 | 3 |
| Riverdale | 10,299 | 20 | 19.4 | 3 |
| South Holland | 20,775 | 237 | 114.1 | 3 |
Distance, income, and the wage floor around Harvey
Chicago-Naperville-Elgin, IL-IN lies 16 miles from Harvey, close enough that appraisers price the lease against Chicago-Naperville-Elgin, IL-IN rents while 19,781 residents set the revenue ceiling. At $41,091 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Because a certified hospital sits inside the town, both the referral path and the pay a clinical hire expects are already observable.
Other Illinois markets
- Markham 11,290 residents
- Dolton 20,697 residents
- Hazel Crest 13,036 residents
- Homewood 18,789 residents
- Riverdale 10,299 residents
- South Holland 20,775 residents
What owners in Harvey ask
01How many providers practice in Harvey, and in what?
NPPES lists 125 providers at a Harvey practice address, 63.2 per 10,000 residents across 22 tracked fields. Specialty physician groups accounts for 20 of them, 16 percent of the total, with primary care and family medicine next at 19. Read that as clinicians: 125 enumerations, not 125 owners.
02What does SBA lending look like around Harvey?
Healthcare borrowers in Cook County took 122 approvals worth $56,780,300 in the published fiscal year, averaging $465,412. That is the comparable set an appraiser near Harvey reaches for first.
03What does Cook County's shortage designation change?
Cook County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Harvey can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
04How does the hospital in Harvey affect a practice file?
Referral flow, coverage, and the local pay scale all trace back to it. The town carries 4 Medicare-certified providers in total. A Harvey projection that names the call arrangement reads better than one that assumes it.
05Is Harvey underwritten as part of Chicago-Naperville-Elgin, IL-IN?
Comparables and demand split at 16 miles. An appraiser prices the lease and the equipment off Chicago-Naperville-Elgin, IL-IN; the revenue line has to hold up against 19,781 local residents.
06Is there local lending capacity in Cook County?
County Business Patterns records 2,528 credit intermediation establishments in Cook County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Harvey rents and resale before or by somebody working from a screen.
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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