Massachusetts micro-market
Healthcare practice financing in Franklin, Massachusetts
Direct answer
33,742 residents, 268 enumerated clinicians, 79.4 per 10,000, 26 percent of them in physical, occupational, and speech therapy: that is the Franklin market a funder prices. Norfolk County adds 4 healthcare approvals worth $1,134,000 and 18 miles of distance to Providence-Warwick, RI-MA.
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 Massachusetts, and how many partners see it, is set out on the Massachusetts page.
- Population: 33,742 residents (25K-50K band)1
- Healthcare providers registered here: 268 across 22 fields2
- Median household income: $142,7883
- Largest provider field: Physical, occupational, and speech therapy: 70 registered providers2
- Nearest metro: Providence-Warwick, RI-MA, 18 miles1
- Higher education: At least one degree-granting institution is based here4
The provider census in Franklin
79.4 providers per 10,000 residents is what 268 enumerations across 22 fields works out to in a town of 33,742
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 70 | 20.7 | NPPES [2] |
| Behavioral and mental health group practices | 49 | 14.5 | NPPES [2] |
| General dentistry | 27 | 8.0 | NPPES [2] |
| ABA and autism therapy | 16 | 4.7 | NPPES [2] |
| Optometry and ophthalmology | 14 | 4.1 | NPPES [2] |
| Specialty physician groups | 13 | 3.9 | NPPES [2] |
| Chiropractic | 12 | 3.6 | NPPES [2] |
| Dental specialties | 12 | 3.6 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 10 | 3.0 | NPPES [2] |
| Primary care and family medicine | 8 | 2.4 | NPPES [2] |
| DME and HME suppliers | 7 | 2.1 | NPPES [2] |
| Med spa and aesthetics | 6 | 1.8 | NPPES [2] |
| Podiatry | 4 | 1.2 | NPPES [2] |
| Non-medical home care | 4 | 1.2 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 4 | 1.2 | NPPES [2] |
| Dermatology | 3 | 0.9 | NPPES [2] |
| Urgent care | 3 | 0.9 | NPPES [2] |
| Home health | 2 | 0.6 | NPPES [2] |
| NEMT and ambulance | 1 | 0.3 | NPPES [2] |
| Independent pharmacy | 1 | 0.3 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.3 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.3 | NPPES [2] |
| Medical equipment suppliers | 6 | CMS [5] |
A single Franklin practice can hold more than one of these numbers. 26 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
The lending record behind Franklin
The county file holds 4 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Measure | Published figure | What sits behind it |
|---|---|---|
| Healthcare files approved | 4 | Fiscal year published in the SBA file [6] |
| Dollars behind them | $1,134,000 | Sum of approvals to healthcare borrowers [6] |
| Typical approval size | $283,500 | Dollars divided by approvals [6] |
| Credit offices operating locally | 413 | Credit intermediation establishments, NAICS 522 [7] |
The consequence of these numbers
Density of 79.4 per 10,000 sets the patient draw a projection can claim without an argument. A short county record of 4 approvals usually means more documentation and a lower advance against the same collateral. Household income of $142,788 in Franklin is the number a lender uses to sanity check the self-pay share of a revenue projection.
Programs the Franklin mix reaches for
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Expansion, relocation, and build-out
- Equipment financing and leasing
The order comes from Franklin's own provider mix, which physical, occupational, and speech therapy dominates at 26 percent. What a partner can actually place in Massachusetts is a separate question.
What a funder reads first in Franklin
What a funder opens first depends on the field. In Franklin that means physical, occupational, and speech therapy, behavioral and mental health group practices, general dentistry.
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (70) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Behavioral and mental health group practices (49) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
| General dentistry (27) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
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.
Franklin against nearby Massachusetts markets
Set Franklin's 79.4 per 10,000 against the towns an appraiser would reach for next
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Franklin (current) | 33,742 | 268 | 79.4 | |
| Attleboro | 47,085 | 467 | 99.2 | 12 |
| Randolph | 35,114 | 311 | 88.6 | 19 |
| Marlborough | 42,169 | 535 | 126.9 | 20 |
| Taunton | 61,936 | 432 | 69.7 | 20 |
| Braintree | 39,134 | 497 | 127.0 | 23 |
| Bridgewater | 29,167 | 118 | 40.5 | 23 |
Distance, income, and the wage floor around Franklin
Providence-Warwick, RI-MA lies 18 miles from Franklin, close enough that appraisers price the lease against Providence-Warwick, RI-MA rents while 33,742 residents set the revenue ceiling. Households here carry $142,788 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. Referral flow comes from outside Franklin, which a projection needs to state plainly. Campus terms, not calendar quarters, set the busy months in Franklin.
Nearby Massachusetts towns
- Attleboro 47,085 residents
- Randolph 35,114 residents
- Marlborough 42,169 residents
- Taunton 61,936 residents
- Braintree 39,134 residents
- Bridgewater 29,167 residents
Questions from Franklin
01How many providers practice in Franklin, and in what?
NPPES lists 268 providers at a Franklin practice address, 79.4 per 10,000 residents across 22 tracked fields. Physical, occupational, and speech therapy accounts for 70 of them, 26 percent of the total, with behavioral and mental health group practices next at 49. Read that as clinicians: 268 enumerations, not 268 owners.
02Why does Norfolk County show so little SBA activity?
Only 4 healthcare approvals appear for Norfolk County in the published 7(a) and 504 file. Thin volume in Norfolk County is a transaction count, not a verdict on borrowers here. The county still holds 413 credit intermediation establishments.
03Is Franklin underwritten as part of Providence-Warwick, RI-MA?
Partly. Providence-Warwick, RI-MA is 18 miles out, so rent and equipment comparables travel in from there while patients still come from the 33,742 residents around Franklin. Cost side metro, revenue side local.
04What does a $142,788 median income mean for case acceptance?
Median household income in Franklin runs $142,788. 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.
05What does Norfolk County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Norfolk County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 33,742 residents gets past the question of who would take the job.
06Is there local lending capacity in Norfolk County?
County Business Patterns records 413 credit intermediation establishments in Norfolk County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Franklin 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
- 4U.S. Department of Education, IPEDS 2023 institutional directory
- 5CMS Care Compare provider datasets
- 6U.S. Small Business Administration, 7(a) and 504 approvals
- 7U.S. Census Bureau, County Business Patterns 2022
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