Kentucky micro-market
Healthcare practice financing in Berea, Kentucky
Direct answer
Density decides a lot here. Berea runs 105.3 providers per 10,000 residents, 173 clinicians against 16,436 people, 36 percent of them in physical, occupational, and speech therapy, while Madison County lenders have approved 2 healthcare files worth $240,000 and the nearest metro is 32 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 Kentucky, and how many partners see it, is set out on the Kentucky page.
- Population: 16,436 residents (10K-25K band)1
- Healthcare providers registered here: 173 across 22 fields2
- Median household income: $56,4843
- Largest provider field: Physical, occupational, and speech therapy: 63 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Lexington-Fayette, KY, 32 miles1
What NPPES records at Berea addresses
Counted at the town's own addresses: 173 providers, 22 fields, 105.3 clinicians per 10,000 of the 16,436 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 63 | 38.3 | NPPES [2] |
| Chiropractic | 16 | 9.7 | NPPES [2] |
| Primary care and family medicine | 16 | 9.7 | NPPES [2] |
| Specialty physician groups | 11 | 6.7 | NPPES [2] |
| General dentistry | 10 | 6.1 | NPPES [2] |
| Independent pharmacy | 9 | 5.5 | NPPES [2] |
| Behavioral and mental health group practices | 9 | 5.5 | NPPES [2] |
| Optometry and ophthalmology | 8 | 4.9 | NPPES [2] |
| DME and HME suppliers | 6 | 3.7 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 4 | 2.4 | NPPES [2] |
| SUD treatment and residential | 3 | 1.8 | NPPES [2] |
| ABA and autism therapy | 3 | 1.8 | NPPES [2] |
| Hospice and palliative | 3 | 1.8 | NPPES [2] |
| Home health | 2 | 1.2 | NPPES [2] |
| Dental specialties | 2 | 1.2 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.2 | NPPES [2] |
| Podiatry | 1 | 0.6 | NPPES [2] |
| Urgent care | 1 | 0.6 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.6 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.6 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.6 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Several of the 63 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What lenders have already approved in Madison County
The county file holds 2 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 2 | One published fiscal year, healthcare borrowers only [5] |
| Total approved capital | $240,000 | Approved, not disbursed, and not net of withdrawals [5] |
| Mean deal size | $120,000 | A mean, so one large approval moves it [5] |
| Lenders sited in the county | 60 | Credit intermediation offices sited in the county [6] |
The consequence of these numbers
At 105.3 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. A $56,484 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
- Expansion, relocation, and build-out
- Equipment financing and leasing
The 22 fields practicing locally set this order. A funding partner, not this list, decides what is available in Kentucky.
Underwriting by field in Berea
physical, occupational, and speech therapy, chiropractic, primary care and family medicine account for most of what is enumerated in Berea, so those are the files funders see from this town
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (63) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (16) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| Primary care and family medicine (16) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
Column one counts Berea clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Berea file differently.
Berea against nearby Kentucky markets
Comparables travel. These are the Kentucky towns whose density, at 105.3 per 10,000 here, gets weighed beside this one.
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Berea (current) | 16,436 | 173 | 105.3 | |
| Richmond | 39,581 | 615 | 155.4 | 10 |
| Nicholasville | 33,458 | 307 | 91.8 | 26 |
| Danville | 17,562 | 293 | 166.8 | 27 |
| Winchester | 19,413 | 275 | 141.7 | 29 |
| Somerset | 12,389 | 576 | 464.9 | 39 |
| Versailles | 10,656 | 133 | 124.8 | 40 |
What the geography does to a Berea projection
32 miles separate Berea from Lexington-Fayette, KY. Rent comparables cross that gap; patients mostly do not. Households here carry $56,484 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 16,436 resident town: where referrals originate, and what staff cost. A degree-granting institution here moves volume on the academic calendar.
More of Kentucky
- Richmond 39,581 residents
- Nicholasville 33,458 residents
- Danville 17,562 residents
- Winchester 19,413 residents
- Somerset 12,389 residents
- Versailles 10,656 residents
Berea owners, answered
01How many providers practice in Berea, and in what?
Across 22 fields, Berea carries 173 enumerated clinicians, 105.3 per 10,000 of the 16,436 people living here. The concentration is in physical, occupational, and speech therapy, 63 of the total, then chiropractic at 16. Count practices from that only with care.
02What does Madison County's shortage designation change?
Designated for primary care, dental, mental health, Madison 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 Madison County show so little SBA activity?
The published file records 2 7(a) and 504 approvals to healthcare borrowers in Madison County. That tracks how few Madison County practices changed hands that year, not credit quality. 60 credit intermediation establishments operate in Madison County, so the lending capacity is local even where the healthcare history is not.
04How does the hospital in Berea affect a practice file?
It makes the staffing and referral lines checkable. 1 Medicare-certified providers hold Berea addresses, and the hospital sets the wage a clinical hire is bid against in a 105.3 per 10,000 market.
05Is Berea underwritten as part of Lexington-Fayette, KY?
Partly. Lexington-Fayette, KY is 32 miles out, so rent and equipment comparables travel in from there while patients still come from the 16,436 residents around Berea. Cost side metro, revenue side local.
06Is there local lending capacity in Madison County?
County Business Patterns records 60 credit intermediation establishments in Madison County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Berea 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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