Indiana micro-market
Healthcare practice financing in Warsaw, Indiana
Direct answer
16,111 residents, 245 enumerated clinicians, 152.1 per 10,000, 23 percent of them in physical, occupational, and speech therapy: that is the Warsaw market a funder prices. Kosciusko County adds 1 healthcare approvals worth $50,000 and 31 miles of distance to Elkhart-Goshen, 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 Indiana, and how many partners see it, is set out on the Indiana page.
- Population: 16,111 residents (10K-25K band)1
- Healthcare providers registered here: 245 across 25 fields2
- Median household income: $57,1703
- Largest provider field: Physical, occupational, and speech therapy: 57 registered providers2
- Medicare-certified providers in town: 3 across 3 categories4
- Nearest metro: Elkhart-Goshen, IN, 31 miles1
The clinical base a lender can verify here
245 providers across 25 fields, 152.1 per 10,000 residents, counted at Warsaw addresses in the NPPES monthly file
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 57 | 35.4 | NPPES [2] |
| Optometry and ophthalmology | 29 | 18.0 | NPPES [2] |
| Primary care and family medicine | 25 | 15.5 | NPPES [2] |
| Chiropractic | 23 | 14.3 | NPPES [2] |
| General dentistry | 18 | 11.2 | NPPES [2] |
| DME and HME suppliers | 17 | 10.6 | NPPES [2] |
| Behavioral and mental health group practices | 11 | 6.8 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 11 | 6.8 | NPPES [2] |
| ABA and autism therapy | 9 | 5.6 | NPPES [2] |
| Specialty physician groups | 9 | 5.6 | NPPES [2] |
| Independent pharmacy | 6 | 3.7 | NPPES [2] |
| Podiatry | 3 | 1.9 | NPPES [2] |
| Audiology and hearing centers | 3 | 1.9 | NPPES [2] |
| Hospice and palliative | 3 | 1.9 | NPPES [2] |
| Home health | 2 | 1.2 | NPPES [2] |
| Urgent care | 2 | 1.2 | NPPES [2] |
| ASCs and OBLs | 2 | 1.2 | NPPES [2] |
| Dental specialties | 2 | 1.2 | NPPES [2] |
| Non-medical home care | 2 | 1.2 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 2 | 1.2 | NPPES [2] |
| Clinical and toxicology labs | 2 | 1.2 | NPPES [2] |
| Dialysis and infusion centers | 2 | 1.2 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.2 | NPPES [2] |
| Occupational health and drug testing | 2 | 1.2 | NPPES [2] |
| NEMT and ambulance | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 7 | CMS [4] | |
| Ambulatory surgical centers | 1 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
A single Warsaw practice can hold more than one of these numbers. 23 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
The lending record behind Warsaw
The county file holds 1 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Line | Amount | Reading and source |
|---|---|---|
| SBA healthcare approvals | 1 | Fiscal year published in the SBA file [5] |
| Approved dollars | $50,000 | Sum of approvals to healthcare borrowers [5] |
| Average approval | $50,000 | Dollars divided by approvals [5] |
| Lending establishments in the county | 53 | Credit intermediation establishments, NAICS 522 [6] |
How this data lands in an underwriting decision
Density of 152.1 per 10,000 sets the patient draw a projection can claim without an argument. With 1 approvals on record in Kosciusko County, expect a longer appraisal and a wider collateral discount. Household income of $57,170 in Warsaw is the number a lender uses to sanity check the self-pay share of a revenue projection.
Programs the Warsaw mix reaches for
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
Ranked from the 25 fields that actually practice in Warsaw, weighted toward physical, occupational, and speech therapy. Availability still depends on Indiana and on the funding partner.
The first pages of a Warsaw file
What a funder opens first depends on the field. In Warsaw that means physical, occupational, and speech therapy, optometry and ophthalmology, primary care and family medicine.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (57) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Optometry and ophthalmology (29) | Exam volume and optical capture, Vision plan mix, Inventory turns | Cold start or acquisition |
| Primary care and family medicine (25) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
Local counts come from NPPES. What a file turns on is drawn from how the field is generally reviewed, not from any decision about your practice.
Warsaw against nearby Indiana markets
Comparables travel. These are the Indiana towns whose density, at 152.1 per 10,000 here, gets weighed beside this one.
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Warsaw (current) | 16,111 | 245 | 152.1 | |
| Goshen | 34,458 | 345 | 100.1 | 23 |
| Plymouth | 11,042 | 131 | 118.6 | 25 |
| Elkhart | 53,690 | 564 | 105.0 | 31 |
| Huntington | 17,033 | 129 | 75.7 | 31 |
| Wabash | 10,275 | 118 | 114.8 | 31 |
| Kendallville | 10,326 | 82 | 79.4 | 34 |
How Warsaw sits against the nearest metro
Distance to Elkhart-Goshen, IN is 31 miles. That is close enough for rent in Warsaw to be compared against the metro and far enough that patient draw is not. Median household income runs $57,170, which is the number a funder converts into case acceptance on anything elective or cash-pay. A Medicare-certified hospital operates here, so referral flow is verifiable and the clinical wage floor is already set. Warsaw is the Kosciusko County seat, so county employment steadies the payer mix.
Other Indiana markets
- Goshen 34,458 residents
- Plymouth 11,042 residents
- Elkhart 53,690 residents
- Huntington 17,033 residents
- Wabash 10,275 residents
- Kendallville 10,326 residents
Questions from Warsaw
01How many providers practice in Warsaw, and in what?
245 enumerations sit at Warsaw addresses in the monthly NPPES file, working out to 152.1 for every 10,000 residents. 23 percent of them are physical, occupational, and speech therapy, and optometry and ophthalmology follows with 29. An enumeration is a clinician, so the 245 here cover fewer than 245 practices.
02What does Kosciusko County's shortage designation change?
Kosciusko County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Warsaw can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03Why does Kosciusko County show so little SBA activity?
Only 1 healthcare approvals appear for Kosciusko County in the published 7(a) and 504 file. Thin volume in Kosciusko County is a transaction count, not a verdict on borrowers here. The county still holds 53 credit intermediation establishments.
04How does the hospital in Warsaw affect a practice file?
Referral flow, coverage, and the local pay scale all trace back to it. The town carries 3 Medicare-certified providers in total. A Warsaw projection that names the call arrangement reads better than one that assumes it.
05Which fields carry the volume in Warsaw?
The 25 enumerated fields are led by physical, occupational, and speech therapy at 57, with optometry and ophthalmology at 29 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
06Is Warsaw underwritten as part of Elkhart-Goshen, IN?
Comparables and demand split at 31 miles. An appraiser prices the lease and the equipment off Elkhart-Goshen, IN; the revenue line has to hold up against 16,111 local residents.
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
Our team reviews every request within 1 business day. If a funding partner thinks they can help, a specialist from that partner contacts you to discuss next steps.