Illinois micro-market
Healthcare practice financing in Round Lake, Illinois
Direct answer
18,654 residents, 44 enumerated clinicians, 23.6 per 10,000, 41 percent of them in physical, occupational, and speech therapy: that is the Round Lake market a funder prices. Lake County adds 16 healthcare approvals worth $6,809,300 and 20 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: 18,654 residents (10K-25K band)1
- Healthcare providers registered here: 44 across 14 fields2
- Median household income: $108,9653
- Largest provider field: Physical, occupational, and speech therapy: 18 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Kenosha, WI, 20 miles1
Who is enumerated in Round Lake
44 providers across 14 fields, 23.6 per 10,000 residents, counted at Round Lake addresses in the NPPES monthly file
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 18 | 9.6 | NPPES [2] |
| General dentistry | 5 | 2.7 | NPPES [2] |
| Chiropractic | 4 | 2.1 | NPPES [2] |
| Behavioral and mental health group practices | 3 | 1.6 | NPPES [2] |
| DME and HME suppliers | 2 | 1.1 | NPPES [2] |
| Primary care and family medicine | 2 | 1.1 | NPPES [2] |
| Specialty physician groups | 2 | 1.1 | NPPES [2] |
| Dialysis and infusion centers | 2 | 1.1 | NPPES [2] |
| Home health | 1 | 0.5 | NPPES [2] |
| SUD treatment and residential | 1 | 0.5 | NPPES [2] |
| NEMT and ambulance | 1 | 0.5 | NPPES [2] |
| Non-medical home care | 1 | 0.5 | NPPES [2] |
| Optometry and ophthalmology | 1 | 0.5 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.5 | NPPES [2] |
| Medical equipment suppliers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Several of the 18 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Loan activity in Lake County
Lenders in Lake County have already closed 16 healthcare approvals, averaging $425,581, which is the size a new file gets read beside
| 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] |
What the two tables above change about a file
23.6 per 10,000 is the first number a credit analyst converts into a realistic new-patient count. 16 approvals worth $6,809,300 in Lake County means the size you are asking for has a local precedent to point at. A $108,965 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
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
Ranked from the 14 fields that actually practice in Round Lake, weighted toward physical, occupational, and speech therapy. Availability still depends on Illinois and on the funding partner.
What a funder reads first in Round Lake
physical, occupational, and speech therapy, general dentistry, chiropractic account for most of what is enumerated in Round Lake, so those are the files funders see from this town
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (18) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (5) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Chiropractic (4) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Column one counts Round Lake clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Round Lake file differently.
Density beside the neighboring Illinois towns
The neighboring markets below are the ones a valuation borrows from when Round Lake has too few sales of its own
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Round Lake (current) | 18,654 | 44 | 23.6 | |
| Grayslake | 21,262 | 305 | 143.4 | 3 |
| Round Lake Beach | 27,091 | 62 | 22.9 | 3 |
| Wauconda | 14,055 | 70 | 49.8 | 5 |
| Lindenhurst | 14,564 | 91 | 62.5 | 6 |
| Fox Lake | 10,925 | 45 | 41.2 | 7 |
| Mundelein | 32,641 | 192 | 58.8 | 7 |
Distance, income, and the wage floor around Round Lake
Kenosha, WI lies 20 miles from Round Lake, close enough that appraisers price the lease against Kenosha, WI rents while 18,654 residents set the revenue ceiling. At $108,965 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.
More of Illinois
- Grayslake 21,262 residents
- Round Lake Beach 27,091 residents
- Wauconda 14,055 residents
- Lindenhurst 14,564 residents
- Fox Lake 10,925 residents
- Mundelein 32,641 residents
What owners in Round Lake ask
01How many providers practice in Round Lake, and in what?
Across 14 fields, Round Lake carries 44 enumerated clinicians, 23.6 per 10,000 of the 18,654 people living here. The concentration is in physical, occupational, and speech therapy, 18 of the total, then general dentistry at 5. Count practices from that only with care.
02What 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.
03Is Round Lake underwritten as part of Kenosha, WI?
Partly. Kenosha, WI is 20 miles out, so rent and equipment comparables travel in from there while patients still come from the 18,654 residents around Round Lake. Cost side metro, revenue side local.
04What does a $108,965 median income mean for case acceptance?
Median household income in Round Lake runs $108,965. 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.
05What does SBA lending look like around Round Lake?
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 Round Lake reaches for first.
06Is there local lending capacity in Lake County?
County Business Patterns records 318 credit intermediation establishments in Lake County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Round Lake 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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