Kentucky micro-market
Healthcare practice financing in Franklin, Kentucky
Direct answer
10,524 residents, 90 enumerated clinicians, 85.5 per 10,000, 19 percent of them in primary care and family medicine: that is the Franklin market a funder prices. Simpson County adds 0 healthcare approvals worth $0 and 19 miles of distance to Bowling Green, KY.
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: 10,524 residents (10K-25K band)1
- Healthcare providers registered here: 90 across 18 fields2
- Median household income: $55,5523
- Largest provider field: Primary care and family medicine: 17 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Bowling Green, KY, 19 miles1
Who is enumerated in Franklin
Counted at the town's own addresses: 90 providers, 18 fields, 85.5 clinicians per 10,000 of the 10,524 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Primary care and family medicine | 17 | 16.2 | NPPES [2] |
| Physical, occupational, and speech therapy | 12 | 11.4 | NPPES [2] |
| Specialty physician groups | 10 | 9.5 | NPPES [2] |
| Chiropractic | 9 | 8.6 | NPPES [2] |
| Optometry and ophthalmology | 7 | 6.7 | NPPES [2] |
| DME and HME suppliers | 6 | 5.7 | NPPES [2] |
| Independent pharmacy | 5 | 4.8 | NPPES [2] |
| General dentistry | 4 | 3.8 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 4 | 3.8 | NPPES [2] |
| Audiology and hearing centers | 3 | 2.9 | NPPES [2] |
| Behavioral and mental health group practices | 3 | 2.9 | NPPES [2] |
| Dermatology | 2 | 1.9 | NPPES [2] |
| SUD treatment and residential | 2 | 1.9 | NPPES [2] |
| Clinical and toxicology labs | 2 | 1.9 | NPPES [2] |
| Podiatry | 1 | 1.0 | NPPES [2] |
| NEMT and ambulance | 1 | 1.0 | NPPES [2] |
| Non-medical home care | 1 | 1.0 | NPPES [2] |
| Dialysis and infusion centers | 1 | 1.0 | NPPES [2] |
| Medical equipment suppliers | 3 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Several of the 17 primary care and family medicine enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
The lending record behind Franklin
With 0 healthcare approvals recorded, Simpson County gives a valuation almost nothing local to lean on
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 0 | One published fiscal year, healthcare borrowers only [5] |
| Total approved capital | $0 | Approved, not disbursed, and not net of withdrawals [5] |
| Mean deal size | No approvals recorded | A mean, so one large approval moves it [5] |
| Lenders sited in the county | 11 | Credit intermediation offices sited in the county [6] |
The consequence of these numbers
The ratio that matters up front is 85.5 per 10,000, which decides whether a ramp schedule reads as conservative. A short county record of 0 approvals usually means more documentation and a lower advance against the same collateral. With $55,552 as the median household income, the payer mix in a projection has to match what Franklin households actually spend.
Programs the Franklin mix reaches for
- Practice acquisition
- Expansion, relocation, and build-out
- Working capital term loan
- Equipment financing and leasing
- Startup and de novo
The 18 fields practicing locally set this order. A funding partner, not this list, decides what is available in Kentucky.
The first pages of a Franklin file
primary care and family medicine, physical, occupational, and speech therapy, specialty physician groups account for most of what is enumerated in Franklin, so those are the files funders see from this town
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Primary care and family medicine (17) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Physical, occupational, and speech therapy (12) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Specialty physician groups (10) | Ancillary revenue contribution, Provider productivity, Payer contracts | Ancillary build-out |
NPPES supplies the Franklin counts. The reading columns describe the field in general, and no partner reviewing a Franklin file is bound by them.
How Franklin prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when Franklin has too few sales of its own
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Franklin (current) | 10,524 | 90 | 85.5 | |
| Bowling Green | 79,076 | 1,114 | 140.9 | 19 |
| Glasgow | 15,388 | 243 | 157.9 | 40 |
| Hopkinsville | 30,800 | 357 | 115.9 | 51 |
| Madisonville | 19,502 | 262 | 134.3 | 68 |
| Elizabethtown | 34,565 | 700 | 202.5 | 78 |
| Owensboro | 60,675 | 910 | 150.0 | 78 |
What the geography does to a Franklin projection
19 miles separate Franklin from Bowling Green, KY. Lease pricing follows Bowling Green, KY, while revenue stays capped by the 10,524 residents here. Households here carry $55,552 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. Franklin is the Simpson County seat, so county employment steadies the payer mix.
Other Kentucky markets
- Bowling Green 79,076 residents
- Glasgow 15,388 residents
- Hopkinsville 30,800 residents
- Madisonville 19,502 residents
- Elizabethtown 34,565 residents
- Owensboro 60,675 residents
Franklin owners, answered
01How many providers practice in Franklin, and in what?
90 enumerations sit at Franklin addresses in the monthly NPPES file, working out to 85.5 for every 10,000 residents. 19 percent of them are primary care and family medicine, and physical, occupational, and speech therapy follows with 12. An enumeration is a clinician, so the 90 here cover fewer than 90 practices.
02What does Simpson County's shortage designation change?
Designated for primary care, dental, mental health, Simpson 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 Simpson County show so little SBA activity?
The published file records 0 7(a) and 504 approvals to healthcare borrowers in Simpson County. That tracks how few Simpson County practices changed hands that year, not credit quality. 11 credit intermediation establishments operate in Simpson County, so the lending capacity is local even where the healthcare history is not.
04Is Franklin underwritten as part of Bowling Green, KY?
Bowling Green, KY sits 19 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Bowling Green, KY; the 10,524 residents set the ceiling a projection can defend.
05How does the hospital in Franklin affect a practice file?
It makes the staffing and referral lines checkable. 1 Medicare-certified providers hold Franklin addresses, and the hospital sets the wage a clinical hire is bid against in a 85.5 per 10,000 market.
06What does a $55,552 median income mean for case acceptance?
Median household income in Franklin runs $55,552. 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.
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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