Indiana micro-market
Healthcare practice financing in Washington, Indiana
Direct answer
Density decides a lot here. Washington runs 90.8 providers per 10,000 residents, 117 clinicians against 12,881 people, 26 percent of them in physical, occupational, and speech therapy, while Daviess County lenders have approved 2 healthcare files worth $512,500 and the nearest metro is 49 miles out.
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- Population: 12,881 residents (10K-25K band)1
- Healthcare providers registered here: 117 across 22 fields2
- Median household income: $50,0003
- Largest provider field: Physical, occupational, and speech therapy: 31 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Bloomington, IN, 49 miles1
Washington clinicians, by field
117 providers across 22 fields, 90.8 per 10,000 residents, counted at Washington addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 31 | 24.1 | NPPES [2] |
| Primary care and family medicine | 16 | 12.4 | NPPES [2] |
| Chiropractic | 13 | 10.1 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 10 | 7.8 | NPPES [2] |
| Optometry and ophthalmology | 8 | 6.2 | NPPES [2] |
| General dentistry | 6 | 4.7 | NPPES [2] |
| DME and HME suppliers | 5 | 3.9 | NPPES [2] |
| ABA and autism therapy | 4 | 3.1 | NPPES [2] |
| Specialty physician groups | 4 | 3.1 | NPPES [2] |
| Independent pharmacy | 3 | 2.3 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 2.3 | NPPES [2] |
| NEMT and ambulance | 2 | 1.6 | NPPES [2] |
| Behavioral and mental health group practices | 2 | 1.6 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.6 | NPPES [2] |
| Podiatry | 1 | 0.8 | NPPES [2] |
| Home health | 1 | 0.8 | NPPES [2] |
| SUD treatment and residential | 1 | 0.8 | NPPES [2] |
| Hospice and palliative | 1 | 0.8 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.8 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.8 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.8 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.8 | NPPES [2] |
| Medical equipment suppliers | 5 | CMS [4] | |
| Hospice providers | 1 | CMS [4] |
Several of the 31 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Loan activity in Daviess County
With 2 healthcare approvals recorded, Daviess County gives a valuation almost nothing local to lean on
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 2 | Counted for the fiscal year the SBA publishes [5] |
| Approved dollars | $512,500 | Everything approved to healthcare borrowers, added up [5] |
| Average approval | $256,250 | The dollar column over the approval column [5] |
| Lending establishments in the county | 20 | Places that write credit locally, NAICS 522 [6] |
How this data lands in an underwriting decision
Underwriting starts with 90.8 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. A short county record of 2 approvals usually means more documentation and a lower advance against the same collateral. With $50,000 as the median household income, the payer mix in a projection has to match what Washington households actually spend.
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
Built from what is enumerated here rather than from a national list, so a field with no presence in Washington does not appear. Availability is still a Indiana question.
Underwriting by field in Washington
What a funder opens first depends on the field. In Washington that means physical, occupational, and speech therapy, primary care and family medicine, chiropractic.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (31) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (16) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (13) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
The first column is Washington's own NPPES count. The rest is how the field is generally underwritten, whether the address is Washington or anywhere else.
How Washington prices against its neighbors
Density is the number that moves an appraisal: 90.8 per 10,000 here
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Washington (current) | 12,881 | 117 | 90.8 | |
| Vincennes | 16,506 | 290 | 175.7 | 19 |
| Jasper | 16,967 | 282 | 166.2 | 22 |
| Bedford | 13,853 | 191 | 137.9 | 39 |
| Bloomington | 79,986 | 1,133 | 141.6 | 49 |
| Terre Haute | 58,531 | 775 | 132.4 | 57 |
| Martinsville | 11,952 | 121 | 101.2 | 65 |
How Washington sits against the nearest metro
Distance to Bloomington, IN is 49 miles. That is close enough for rent in Washington to be compared against the metro and far enough that patient draw is not. At $50,000 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Because a certified hospital sits inside the town, both the referral path and the pay a clinical hire expects are already observable. Washington is the Daviess County seat, so county employment steadies the payer mix.
More of Indiana
- Vincennes 16,506 residents
- Jasper 16,967 residents
- Bedford 13,853 residents
- Bloomington 79,986 residents
- Terre Haute 58,531 residents
- Martinsville 11,952 residents
Questions from Washington
01How many providers practice in Washington, and in what?
117 enumerations sit at Washington addresses in the monthly NPPES file, working out to 90.8 for every 10,000 residents. 26 percent of them are physical, occupational, and speech therapy, and primary care and family medicine follows with 16. An enumeration is a clinician, so the 117 here cover fewer than 117 practices.
02What does Daviess County's shortage designation change?
Designated for primary care, dental, mental health, Daviess 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.
03Why does Daviess County show so little SBA activity?
Daviess County shows 2 approvals in the SBA healthcare file, which means an appraiser reaches outside the county for comparables. Few sales, not weak credit, is the usual reason. 20 lending establishments operate locally.
04How does the hospital in Washington affect a practice file?
A Medicare-certified hospital operates in the town, which gives referral flow, a call schedule, and a clinical labor pool a funder can verify. 1 Medicare-certified providers are located here in total. It also sets the wage floor behind every hire in a 90.8 per 10,000 market.
05What does a $50,000 median income mean for case acceptance?
Median household income in Washington runs $50,000. 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.
06Which fields carry the volume in Washington?
Volume concentrates in physical, occupational, and speech therapy, 31 of them, ahead of primary care and family medicine at 16, across 22 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
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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