Michigan micro-market
Healthcare practice financing in Hamtramck, Michigan
Direct answer
27,424 residents, 181 enumerated clinicians, 66.0 per 10,000, 15 percent of them in independent pharmacy: that is the Hamtramck market a funder prices. Wayne County adds 38 healthcare approvals worth $13,826,400 and 3 miles of distance to Detroit-Warren-Dearborn, MI.
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 Michigan, and how many partners see it, is set out on the Michigan page.
- Population: 27,424 residents (25K-50K band)1
- Healthcare providers registered here: 181 across 23 fields2
- Median household income: $40,1033
- Largest provider field: Independent pharmacy: 28 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Detroit-Warren-Dearborn, MI, 3 miles1
Hamtramck clinicians, by field
181 providers across 23 fields, 66.0 per 10,000 residents, counted at Hamtramck addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Independent pharmacy | 28 | 10.2 | NPPES [2] |
| Non-medical home care | 23 | 8.4 | NPPES [2] |
| Primary care and family medicine | 22 | 8.0 | NPPES [2] |
| Specialty physician groups | 21 | 7.7 | NPPES [2] |
| Physical, occupational, and speech therapy | 14 | 5.1 | NPPES [2] |
| General dentistry | 13 | 4.7 | NPPES [2] |
| Home health | 11 | 4.0 | NPPES [2] |
| DME and HME suppliers | 8 | 2.9 | NPPES [2] |
| Urgent care | 7 | 2.6 | NPPES [2] |
| Telehealth and virtual clinics | 6 | 2.2 | NPPES [2] |
| ABA and autism therapy | 5 | 1.8 | NPPES [2] |
| Podiatry | 3 | 1.1 | NPPES [2] |
| Chiropractic | 3 | 1.1 | NPPES [2] |
| Clinical and toxicology labs | 3 | 1.1 | NPPES [2] |
| Med spa and aesthetics | 2 | 0.7 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 2 | 0.7 | NPPES [2] |
| Optometry and ophthalmology | 2 | 0.7 | NPPES [2] |
| Behavioral and mental health group practices | 2 | 0.7 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 2 | 0.7 | NPPES [2] |
| Sleep centers | 1 | 0.4 | NPPES [2] |
| Clinical research sites | 1 | 0.4 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.4 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.4 | NPPES [2] |
| Medical equipment suppliers | 5 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Independent pharmacy carries 28 of the 181 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
What lenders have already approved in Wayne County
The published file shows 38 healthcare approvals in Wayne County, $13,826,400 in total, and that history is what an appraiser and a credit committee reach for
| What it measures | Value | How to read it |
|---|---|---|
| Healthcare files approved | 38 | Counted for the fiscal year the SBA publishes [5] |
| Dollars behind them | $13,826,400 | Everything approved to healthcare borrowers, added up [5] |
| Typical approval size | $363,853 | The dollar column over the approval column [5] |
| Credit offices operating locally | 637 | Places that write credit locally, NAICS 522 [6] |
How this data lands in an underwriting decision
A file from here opens on 66.0 providers per 10,000 residents, and everything about volume follows from it. 38 approvals worth $13,826,400 in Wayne County means the size you are asking for has a local precedent to point at. A $40,103 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Where a file from this town usually lands
- Practice acquisition
- Expansion, relocation, and build-out
- Commercial real estate, owner-occupied
- Startup and de novo
- Equipment financing and leasing
Built from what is enumerated here rather than from a national list, so a field with no presence in Hamtramck does not appear. Availability is still a Michigan question.
Underwriting by field in Hamtramck
Drawn from the fields that actually practice here: independent pharmacy, non-medical home care, primary care and family medicine
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Independent pharmacy (28) | Script count and file retention, Gross margin after direct and indirect remuneration, Wholesaler terms against reimbursement timing | Acquisition of the business or the prescription files |
| Non-medical home care (23) | Payer mix between waiver and private pay, Caregiver retention, Electronic visit verification compliance | Payroll funding against waiver and managed care receivables |
| Primary care and family medicine (22) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
Column one counts Hamtramck clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Hamtramck file differently.
Density beside the neighboring Michigan towns
Comparables travel. These are the Michigan towns whose density, at 66.0 per 10,000 here, gets weighed beside this one.
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Hamtramck (current) | 27,424 | 181 | 66.0 | |
| Hazel Park | 15,064 | 87 | 57.8 | 5 |
| Ferndale | 19,431 | 204 | 105.0 | 6 |
| Eastpointe | 33,943 | 286 | 84.3 | 7 |
| Grosse Pointe Park | 11,158 | 64 | 57.4 | 7 |
| Harper Woods | 14,936 | 120 | 80.3 | 7 |
| Madison Heights | 28,626 | 425 | 148.5 | 8 |
What the geography does to a Hamtramck projection
Detroit-Warren-Dearborn, MI lies 3 miles from Hamtramck, close enough that appraisers price the lease against Detroit-Warren-Dearborn, MI rents while 27,424 residents set the revenue ceiling. At $40,103 median household income, the elective and cash-pay share of a projection is the line that gets tested first. With no hospital in town, a projection has to name where referrals and coverage come from.
More of Michigan
- Hazel Park 15,064 residents
- Ferndale 19,431 residents
- Eastpointe 33,943 residents
- Grosse Pointe Park 11,158 residents
- Harper Woods 14,936 residents
- Madison Heights 28,626 residents
What owners in Hamtramck ask
01How many providers practice in Hamtramck, and in what?
Across 23 fields, Hamtramck carries 181 enumerated clinicians, 66.0 per 10,000 of the 27,424 people living here. The concentration is in independent pharmacy, 28 of the total, then non-medical home care at 23. Count practices from that only with care.
02What does Wayne County's shortage designation change?
Designated for primary care, dental, mental health, Wayne 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.
03What does SBA lending look like around Hamtramck?
Healthcare borrowers in Wayne County took 38 approvals worth $13,826,400 in the published fiscal year, averaging $363,853. That is the comparable set an appraiser near Hamtramck reaches for first.
04Is Hamtramck underwritten as part of Detroit-Warren-Dearborn, MI?
Comparables and demand split at 3 miles. An appraiser prices the lease and the equipment off Detroit-Warren-Dearborn, MI; the revenue line has to hold up against 27,424 local residents.
05Is there local lending capacity in Wayne County?
County Business Patterns records 637 credit intermediation establishments in Wayne County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Hamtramck rents and resale before or by somebody working from a screen.
06What does the underserved designation in Wayne County support?
Wayne County carries a medically underserved designation. It evidences unmet demand behind a capacity build, and it opens recruitment programs that make a staffing line in a projection easier to defend than local wage data alone would.
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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