Illinois micro-market
Healthcare practice financing in McHenry, Illinois
Direct answer
28,825 residents, 438 enumerated clinicians, 152.0 per 10,000, 27 percent of them in specialty physician groups: that is the McHenry market a funder prices. McHenry County adds 12 healthcare approvals worth $8,908,400 and 27 miles of distance to Kenosha, WI.
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: 28,825 residents (25K-50K band)1
- Healthcare providers registered here: 438 across 28 fields2
- Median household income: $86,8653
- Largest provider field: Specialty physician groups: 119 registered providers2
- Medicare-certified providers in town: 4 across 2 categories4
- Nearest metro: Kenosha, WI, 27 miles1
The clinical base a lender can verify here
438 providers across 28 fields, 152.0 per 10,000 residents, counted at McHenry addresses in the NPPES monthly file
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Specialty physician groups | 119 | 41.3 | NPPES [2] |
| Physical, occupational, and speech therapy | 117 | 40.6 | NPPES [2] |
| Behavioral and mental health group practices | 46 | 16.0 | NPPES [2] |
| Chiropractic | 25 | 8.7 | NPPES [2] |
| General dentistry | 22 | 7.6 | NPPES [2] |
| Primary care and family medicine | 18 | 6.2 | NPPES [2] |
| Optometry and ophthalmology | 16 | 5.6 | NPPES [2] |
| DME and HME suppliers | 9 | 3.1 | NPPES [2] |
| Dental specialties | 9 | 3.1 | NPPES [2] |
| ABA and autism therapy | 9 | 3.1 | NPPES [2] |
| Independent pharmacy | 5 | 1.7 | NPPES [2] |
| Podiatry | 4 | 1.4 | NPPES [2] |
| Audiology and hearing centers | 4 | 1.4 | NPPES [2] |
| Med spa and aesthetics | 4 | 1.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 4 | 1.4 | NPPES [2] |
| Dialysis and infusion centers | 4 | 1.4 | NPPES [2] |
| Home health | 3 | 1.0 | NPPES [2] |
| NEMT and ambulance | 3 | 1.0 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 3 | 1.0 | NPPES [2] |
| Clinical and toxicology labs | 3 | 1.0 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 3 | 1.0 | NPPES [2] |
| Clinical research sites | 2 | 0.7 | NPPES [2] |
| Dermatology | 1 | 0.3 | NPPES [2] |
| ASCs and OBLs | 1 | 0.3 | NPPES [2] |
| SUD treatment and residential | 1 | 0.3 | NPPES [2] |
| Pain management and interventional | 1 | 0.3 | NPPES [2] |
| Non-medical home care | 1 | 0.3 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.3 | NPPES [2] |
| Medical equipment suppliers | 7 | CMS [4] | |
| Dialysis facilities | 3 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Several of the 119 specialty physician groups enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Loan activity in McHenry County
The published file shows 12 healthcare approvals in McHenry County, $8,908,400 in total, and that history is what an appraiser and a credit committee reach for
| What it measures | Value | How to read it |
|---|---|---|
| SBA healthcare approvals | 12 | Fiscal year published in the SBA file [5] |
| Approved dollars | $8,908,400 | Sum of approvals to healthcare borrowers [5] |
| Average approval | $742,367 | Dollars divided by approvals [5] |
| Lending establishments in the county | 132 | Credit intermediation establishments, NAICS 522 [6] |
Reading McHenry the way a credit committee does
At 152.0 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A request measured against 12 prior McHenry County approvals is priced on precedent, which shortens the questions about valuation. Household income of $86,865 in McHenry is the number a lender uses to sanity check the self-pay share of a revenue projection.
The programs this provider mix points at
- Practice acquisition
- Expansion, relocation, and build-out
- Startup and de novo
- Equipment financing and leasing
- Working capital term loan
Weighted by how often each of the 28 local fields reaches for a program, not by what is easiest to refer. Illinois rules and the partner decide availability.
Underwriting by field in McHenry
What a funder opens first depends on the field. In McHenry that means specialty physician groups, physical, occupational, and speech therapy, behavioral and mental health group practices.
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Specialty physician groups (119) | Ancillary revenue contribution, Provider productivity, Payer contracts | Ancillary build-out |
| Physical, occupational, and speech therapy (117) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Behavioral and mental health group practices (46) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
Column one counts McHenry clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a McHenry file differently.
McHenry against nearby Illinois markets
Density is the number that moves an appraisal: 152.0 per 10,000 here
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| McHenry (current) | 28,825 | 438 | 152.0 | |
| Crystal Lake | 41,513 | 710 | 171.0 | 7 |
| Fox Lake | 10,925 | 45 | 41.2 | 8 |
| Woodstock | 25,892 | 245 | 94.6 | 8 |
| Cary | 18,031 | 104 | 57.7 | 9 |
| Wauconda | 14,055 | 70 | 49.8 | 9 |
| Round Lake | 18,654 | 44 | 23.6 | 10 |
How McHenry sits against the nearest metro
Distance to Kenosha, WI is 27 miles. That is close enough for rent in McHenry to be compared against the metro and far enough that patient draw is not. At $86,865 median household income, the elective and cash-pay share of a projection is the line that gets tested first. A Medicare-certified hospital operates here, so referral flow is verifiable and the clinical wage floor is already set.
Other Illinois markets
- Crystal Lake 41,513 residents
- Fox Lake 10,925 residents
- Woodstock 25,892 residents
- Cary 18,031 residents
- Wauconda 14,055 residents
- Round Lake 18,654 residents
McHenry owners, answered
01How many providers practice in McHenry, and in what?
Across 28 fields, McHenry carries 438 enumerated clinicians, 152.0 per 10,000 of the 28,825 people living here. The concentration is in specialty physician groups, 119 of the total, then physical, occupational, and speech therapy at 117. Count practices from that only with care.
02Which fields carry the volume in McHenry?
The 28 enumerated fields are led by specialty physician groups at 119, with physical, occupational, and speech therapy at 117 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
03What does SBA lending look like around McHenry?
Healthcare borrowers in McHenry County took 12 approvals worth $8,908,400 in the published fiscal year, averaging $742,367. That is the comparable set an appraiser near McHenry reaches for first.
04How does the hospital in McHenry 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 McHenry projection that names the call arrangement reads better than one that assumes it.
05What does McHenry County's shortage designation change?
HRSA designates McHenry County for mental health. That opens loan repayment programs for clinicians recruited into McHenry and evidences a staffing ramp in a 28,825 resident market.
06Is McHenry underwritten as part of Kenosha, WI?
Kenosha, WI sits 27 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Kenosha, WI; the 28,825 residents set the ceiling a projection can defend.
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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