Indiana micro-market
Healthcare practice financing in Muncie, Indiana
Direct answer
Delaware County carries 3 SBA healthcare approvals worth $628,600, and inside Muncie the census shows 879 enumerated clinicians against 65,320 residents, 134.6 per 10,000, 21 percent of them in physical, occupational, and speech therapy. Muncie, IN lies 0 miles away.
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 Indiana, and how many partners see it, is set out on the Indiana page.
- Population: 65,320 residents (50K-100K band)1
- Healthcare providers registered here: 879 across 30 fields2
- Median household income: $43,3953
- Largest provider field: Physical, occupational, and speech therapy: 188 registered providers2
- Medicare-certified providers in town: 9 across 4 categories4
- Nearest metro: Muncie, IN, 0 miles1
Muncie clinicians, by field
Counted at the town's own addresses: 879 providers, 30 fields, 134.6 clinicians per 10,000 of the 65,320 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 188 | 28.8 | NPPES [2] |
| Specialty physician groups | 118 | 18.1 | NPPES [2] |
| Primary care and family medicine | 98 | 15.0 | NPPES [2] |
| Behavioral and mental health group practices | 61 | 9.3 | NPPES [2] |
| General dentistry | 54 | 8.3 | NPPES [2] |
| Optometry and ophthalmology | 53 | 8.1 | NPPES [2] |
| ABA and autism therapy | 49 | 7.5 | NPPES [2] |
| DME and HME suppliers | 27 | 4.1 | NPPES [2] |
| Chiropractic | 24 | 3.7 | NPPES [2] |
| Dental specialties | 23 | 3.5 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 23 | 3.5 | NPPES [2] |
| Med spa and aesthetics | 21 | 3.2 | NPPES [2] |
| Independent pharmacy | 17 | 2.6 | NPPES [2] |
| Dermatology | 16 | 2.4 | NPPES [2] |
| Home health | 16 | 2.4 | NPPES [2] |
| Audiology and hearing centers | 12 | 1.8 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 12 | 1.8 | NPPES [2] |
| ASCs and OBLs | 11 | 1.7 | NPPES [2] |
| Dialysis and infusion centers | 9 | 1.4 | NPPES [2] |
| Non-medical home care | 8 | 1.2 | NPPES [2] |
| Clinical and toxicology labs | 7 | 1.1 | NPPES [2] |
| Telehealth and virtual clinics | 6 | 0.9 | NPPES [2] |
| Urgent care | 5 | 0.8 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 5 | 0.8 | NPPES [2] |
| Podiatry | 4 | 0.6 | NPPES [2] |
| SUD treatment and residential | 4 | 0.6 | NPPES [2] |
| NEMT and ambulance | 3 | 0.5 | NPPES [2] |
| Hospice and palliative | 2 | 0.3 | NPPES [2] |
| Occupational health and drug testing | 2 | 0.3 | NPPES [2] |
| Imaging centers | 1 | 0.2 | NPPES [2] |
| Medical equipment suppliers | 22 | CMS [4] | |
| Ambulatory surgical centers | 4 | CMS [4] | |
| Dialysis facilities | 2 | CMS [4] | |
| Home health agencies | 2 | CMS [4] | |
| Hospice providers | 1 | CMS [4] |
A single Muncie practice can hold more than one of these numbers. 21 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
The lending record behind Muncie
The county file holds 3 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Line | Amount | Reading and source |
|---|---|---|
| Healthcare files approved | 3 | One published fiscal year, healthcare borrowers only [5] |
| Dollars behind them | $628,600 | Approved, not disbursed, and not net of withdrawals [5] |
| Typical approval size | $209,533 | A mean, so one large approval moves it [5] |
| Credit offices operating locally | 60 | Credit intermediation offices sited in the county [6] |
The consequence of these numbers
At 134.6 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A short county record of 3 approvals usually means more documentation and a lower advance against the same collateral. A $43,395 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Programs the Muncie mix reaches for
- Practice acquisition
- Expansion, relocation, and build-out
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
The order comes from Muncie's own provider mix, which physical, occupational, and speech therapy dominates at 21 percent. What a partner can actually place in Indiana is a separate question.
The first pages of a Muncie file
What a funder opens first depends on the field. In Muncie that means physical, occupational, and speech therapy, specialty physician groups, primary care and family medicine.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (188) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Specialty physician groups (118) | Ancillary revenue contribution, Provider productivity, Payer contracts | Ancillary build-out |
| Primary care and family medicine (98) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
The first column is Muncie's own NPPES count. The rest is how the field is generally underwritten, whether the address is Muncie or anywhere else.
Muncie against nearby Indiana markets
134.6 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Muncie
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Muncie (current) | 65,320 | 879 | 134.6 | |
| Yorktown | 11,900 | 43 | 36.1 | 6 |
| New Castle | 17,382 | 160 | 92.0 | 19 |
| Marion | 28,216 | 370 | 131.1 | 28 |
| Greenfield | 26,268 | 268 | 102.0 | 34 |
| Noblesville | 75,239 | 521 | 69.2 | 34 |
| McCordsville | 11,744 | 56 | 47.7 | 35 |
Distance, income, and the wage floor around Muncie
Muncie, IN lies 0 miles from Muncie, close enough that appraisers price the lease against Muncie, IN rents while 65,320 residents set the revenue ceiling. Households here carry $43,395 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. The hospital fixes two inputs a lender would otherwise estimate in a 65,320 resident town: where referrals originate, and what staff cost. Higher education here explains why summer looks unlike the rest of the year. Muncie is the Delaware County seat, so county employment steadies the payer mix.
Other Indiana markets
- Yorktown 11,900 residents
- New Castle 17,382 residents
- Marion 28,216 residents
- Greenfield 26,268 residents
- Noblesville 75,239 residents
- McCordsville 11,744 residents
Questions from Muncie
01How many providers practice in Muncie, and in what?
Across 30 fields, Muncie carries 879 enumerated clinicians, 134.6 per 10,000 of the 65,320 people living here. The concentration is in physical, occupational, and speech therapy, 188 of the total, then specialty physician groups at 118. Count practices from that only with care.
02What does Delaware County's shortage designation change?
Delaware County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Muncie can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03Why does Delaware County show so little SBA activity?
The published file records 3 7(a) and 504 approvals to healthcare borrowers in Delaware County. That tracks how few Delaware County practices changed hands that year, not credit quality. 60 credit intermediation establishments operate in Delaware County, so the lending capacity is local even where the healthcare history is not.
04Which fields carry the volume in Muncie?
The 30 enumerated fields are led by physical, occupational, and speech therapy at 188, with specialty physician groups at 118 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
05Is Muncie underwritten as part of Muncie, IN?
Comparables and demand split at 0 miles. An appraiser prices the lease and the equipment off Muncie, IN; the revenue line has to hold up against 65,320 local residents.
06How does the hospital in Muncie affect a practice file?
It makes the staffing and referral lines checkable. 9 Medicare-certified providers hold Muncie addresses, and the hospital sets the wage a clinical hire is bid against in a 134.6 per 10,000 market.
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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