Kansas micro-market
Healthcare practice financing in Andover, Kansas
Direct answer
Density decides a lot here. Andover runs 77.6 providers per 10,000 residents, 132 clinicians against 17,000 people, 31 percent of them in physical, occupational, and speech therapy, while Butler County lenders have approved 2 healthcare files worth $630,500 and the nearest metro is 12 miles out.
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 Kansas, and how many partners see it, is set out on the Kansas page.
- Population: 17,000 residents (10K-25K band)1
- Healthcare providers registered here: 132 across 19 fields2
- Median household income: $106,6763
- Largest provider field: Physical, occupational, and speech therapy: 41 registered providers2
- Medicare-certified providers in town: 3 across 3 categories4
- Nearest metro: Wichita, KS, 12 miles1
The clinical base a lender can verify here
Counted at the town's own addresses: 132 providers, 19 fields, 77.6 clinicians per 10,000 of the 17,000 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 41 | 24.1 | NPPES [2] |
| Primary care and family medicine | 27 | 15.9 | NPPES [2] |
| Chiropractic | 17 | 10.0 | NPPES [2] |
| Optometry and ophthalmology | 8 | 4.7 | NPPES [2] |
| General dentistry | 6 | 3.5 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 6 | 3.5 | NPPES [2] |
| Specialty physician groups | 4 | 2.4 | NPPES [2] |
| Home health | 3 | 1.8 | NPPES [2] |
| Independent pharmacy | 3 | 1.8 | NPPES [2] |
| Behavioral and mental health group practices | 3 | 1.8 | NPPES [2] |
| DME and HME suppliers | 2 | 1.2 | NPPES [2] |
| ASCs and OBLs | 2 | 1.2 | NPPES [2] |
| SUD treatment and residential | 2 | 1.2 | NPPES [2] |
| ABA and autism therapy | 2 | 1.2 | NPPES [2] |
| Clinical and toxicology labs | 2 | 1.2 | NPPES [2] |
| Dental specialties | 1 | 0.6 | NPPES [2] |
| Non-medical home care | 1 | 0.6 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.6 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 5 | CMS [4] | |
| Ambulatory surgical centers | 1 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Several of the 41 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Butler County approvals, dollars, and lending establishments
2 healthcare approvals sit in the county file, so an appraiser here works from a short comparable set
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 2 | Fiscal year published in the SBA file [5] |
| Approved dollars | $630,500 | Sum of approvals to healthcare borrowers [5] |
| Average approval | $315,250 | Dollars divided by approvals [5] |
| Lending establishments in the county | 41 | Credit intermediation establishments, NAICS 522 [6] |
Reading Andover the way a credit committee does
At 77.6 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A short county record of 2 approvals usually means more documentation and a lower advance against the same collateral. With $106,676 as the median household income, the payer mix in a projection has to match what Andover households actually spend.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Expansion, relocation, and build-out
- Equipment financing and leasing
Built from what is enumerated here rather than from a national list, so a field with no presence in Andover does not appear. Availability is still a Kansas question.
Underwriting by field in Andover
physical, occupational, and speech therapy, primary care and family medicine, chiropractic account for most of what is enumerated in Andover, 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 (41) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (27) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (17) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Counts in the first column are Andover providers from NPPES. The other two columns describe how funders read that field across markets like Andover, not what any funder will do with your file.
How Andover prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when Andover has too few sales of its own
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Andover (current) | 17,000 | 132 | 77.6 | |
| Bel Aire | 10,066 | 33 | 32.8 | 9 |
| Derby | 26,604 | 198 | 74.4 | 11 |
| Haysville | 11,406 | 47 | 41.2 | 15 |
| El Dorado | 12,694 | 102 | 80.4 | 17 |
| Newton | 18,320 | 224 | 122.3 | 27 |
| Winfield | 11,678 | 114 | 97.6 | 32 |
How Andover sits against the nearest metro
Distance to Wichita, KS is 12 miles. Appraisers borrow Wichita, KS rents, and the 17,000 residents set the ceiling on collections. Households here carry $106,676 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. Because a certified hospital sits inside the town, both the referral path and the pay a clinical hire expects are already observable. Campus terms, not calendar quarters, set the busy months in Andover.
Other Kansas markets
Questions from Andover
01How many providers practice in Andover, and in what?
NPPES lists 132 providers at a Andover practice address, 77.6 per 10,000 residents across 19 tracked fields. Physical, occupational, and speech therapy accounts for 41 of them, 31 percent of the total, with primary care and family medicine next at 27. Read that as clinicians: 132 enumerations, not 132 owners.
02Why does Butler County show so little SBA activity?
Only 2 healthcare approvals appear for Butler County in the published 7(a) and 504 file. Thin volume in Butler County is a transaction count, not a verdict on borrowers here. The county still holds 41 credit intermediation establishments.
03What does a $106,676 median income mean for case acceptance?
Median household income in Andover runs $106,676. 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.
04What does Butler County's shortage designation change?
HRSA designates Butler County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Andover and evidences a staffing ramp in a 17,000 resident market.
05How does the hospital in Andover 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 Andover projection that names the call arrangement reads better than one that assumes it.
06Which fields carry the volume in Andover?
Physical, occupational, and speech therapy at 41 providers and primary care and family medicine at 27 lead the 19 fields enumerated here. A funder reads that mix as the local competition set and the local hiring pool at once, before it reads a single line of your own numbers.
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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