Illinois micro-market
Healthcare practice financing in Mundelein, Illinois
Direct answer
Density decides a lot here. Mundelein runs 58.8 providers per 10,000 residents, 192 clinicians against 32,641 people, 22 percent of them in physical, occupational, and speech therapy, while Lake County lenders have approved 16 healthcare files worth $6,809,300 and the nearest metro is 23 miles out.
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- Population: 32,641 residents (25K-50K band)1
- Healthcare providers registered here: 192 across 23 fields2
- Median household income: $107,6083
- Largest provider field: Physical, occupational, and speech therapy: 43 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Kenosha, WI, 23 miles1
Fields practicing inside Mundelein
Counted at the town's own addresses: 192 providers, 23 fields, 58.8 clinicians per 10,000 of the 32,641 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 43 | 13.2 | NPPES [2] |
| General dentistry | 36 | 11.0 | NPPES [2] |
| Chiropractic | 34 | 10.4 | NPPES [2] |
| DME and HME suppliers | 11 | 3.4 | NPPES [2] |
| Behavioral and mental health group practices | 10 | 3.1 | NPPES [2] |
| Primary care and family medicine | 9 | 2.8 | NPPES [2] |
| Specialty physician groups | 8 | 2.5 | NPPES [2] |
| Optometry and ophthalmology | 7 | 2.1 | NPPES [2] |
| Podiatry | 5 | 1.5 | NPPES [2] |
| Independent pharmacy | 4 | 1.2 | NPPES [2] |
| Non-medical home care | 4 | 1.2 | NPPES [2] |
| Home health | 3 | 0.9 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 0.9 | NPPES [2] |
| Clinical and toxicology labs | 3 | 0.9 | NPPES [2] |
| Dental specialties | 2 | 0.6 | NPPES [2] |
| ABA and autism therapy | 2 | 0.6 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 0.6 | NPPES [2] |
| SUD treatment and residential | 1 | 0.3 | NPPES [2] |
| Mobile diagnostics | 1 | 0.3 | NPPES [2] |
| NEMT and ambulance | 1 | 0.3 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.3 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.3 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 1 | 0.3 | NPPES [2] |
| Medical equipment suppliers | 9 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Several of the 43 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What Lake County credit files already show
The published file shows 16 healthcare approvals in Lake County, $6,809,300 in total, and that history is what an appraiser and a credit committee reach for
| Measure | Published figure | What sits behind it |
|---|---|---|
| Healthcare files approved | 16 | Counted for the fiscal year the SBA publishes [5] |
| Dollars behind them | $6,809,300 | Everything approved to healthcare borrowers, added up [5] |
| Typical approval size | $425,581 | The dollar column over the approval column [5] |
| Credit offices operating locally | 318 | Places that write credit locally, NAICS 522 [6] |
Reading Mundelein the way a credit committee does
A file from here opens on 58.8 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. A $107,608 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Equipment financing and leasing
- Working capital term loan
- Expansion, relocation, and build-out
The 23 fields practicing locally set this order. A funding partner, not this list, decides what is available in Illinois.
The first pages of a Mundelein file
What a funder opens first depends on the field. In Mundelein that means physical, occupational, and speech therapy, general dentistry, chiropractic.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (43) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (36) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Chiropractic (34) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
The first column is Mundelein's own NPPES count. The rest is how the field is generally underwritten, whether the address is Mundelein or anywhere else.
Density beside the neighboring Illinois towns
58.8 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Mundelein
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Mundelein (current) | 32,641 | 192 | 58.8 | |
| Libertyville | 20,643 | 643 | 311.5 | 3 |
| Vernon Hills | 27,002 | 379 | 140.4 | 4 |
| Grayslake | 21,262 | 305 | 143.4 | 5 |
| Wauconda | 14,055 | 70 | 49.8 | 6 |
| Lake Zurich | 19,960 | 230 | 115.2 | 7 |
| Round Lake | 18,654 | 44 | 23.6 | 7 |
What the geography does to a Mundelein projection
Kenosha, WI lies 23 miles from Mundelein, close enough that appraisers price the lease against Kenosha, WI rents while 32,641 residents set the revenue ceiling. At $107,608 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Referral flow comes from outside Mundelein, which a projection needs to state plainly. A degree-granting institution here moves volume on the academic calendar.
Nearby Illinois towns
- Libertyville 20,643 residents
- Vernon Hills 27,002 residents
- Grayslake 21,262 residents
- Wauconda 14,055 residents
- Lake Zurich 19,960 residents
- Round Lake 18,654 residents
What owners in Mundelein ask
01How many providers practice in Mundelein, and in what?
192 enumerations sit at Mundelein addresses in the monthly NPPES file, working out to 58.8 for every 10,000 residents. 22 percent of them are physical, occupational, and speech therapy, and general dentistry follows with 36. An enumeration is a clinician, so the 192 here cover fewer than 192 practices.
02What does a $107,608 median income mean for case acceptance?
Median household income in Mundelein runs $107,608. 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 Mundelein?
The county file behind Mundelein holds 16 healthcare approvals totaling $6,809,300, an average of $425,581. Those are the loan sizes lenders in Lake County have already carried.
04What does Lake County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Lake County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 32,641 residents gets past the question of who would take the job.
05Which fields carry the volume in Mundelein?
Volume concentrates in physical, occupational, and speech therapy, 43 of them, ahead of general dentistry at 36, across 23 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
06Is Mundelein underwritten as part of Kenosha, WI?
Partly. Kenosha, WI is 23 miles out, so rent and equipment comparables travel in from there while patients still come from the 32,641 residents around Mundelein. 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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