Michigan micro-market
Healthcare practice financing in Hazel Park, Michigan
Direct answer
87 healthcare providers hold a Hazel Park practice address, 57.8 per 10,000 of its 15,064 residents, 18 percent of them in independent pharmacy. Oakland County recorded 53 SBA healthcare approvals worth $30,622,600, and Detroit-Warren-Dearborn, MI sits 6 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 Michigan, and how many partners see it, is set out on the Michigan page.
- Population: 15,064 residents (10K-25K band)1
- Healthcare providers registered here: 87 across 20 fields2
- Median household income: $62,8783
- Largest provider field: Independent pharmacy: 16 registered providers2
- Medicare-certified providers in town: 1 across 1 categories4
- Nearest metro: Detroit-Warren-Dearborn, MI, 6 miles1
Fields practicing inside Hazel Park
Counted at the town's own addresses: 87 providers, 20 fields, 57.8 clinicians per 10,000 of the 15,064 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Independent pharmacy | 16 | 10.6 | NPPES [2] |
| Optometry and ophthalmology | 9 | 6.0 | NPPES [2] |
| Physical, occupational, and speech therapy | 9 | 6.0 | NPPES [2] |
| Primary care and family medicine | 8 | 5.3 | NPPES [2] |
| General dentistry | 8 | 5.3 | NPPES [2] |
| Specialty physician groups | 8 | 5.3 | NPPES [2] |
| Chiropractic | 5 | 3.3 | NPPES [2] |
| Urgent care | 4 | 2.7 | NPPES [2] |
| Home health | 3 | 2.0 | NPPES [2] |
| Dental specialties | 3 | 2.0 | NPPES [2] |
| DME and HME suppliers | 2 | 1.3 | NPPES [2] |
| Non-medical home care | 2 | 1.3 | NPPES [2] |
| Behavioral and mental health group practices | 2 | 1.3 | NPPES [2] |
| Dialysis and infusion centers | 2 | 1.3 | NPPES [2] |
| NEMT and ambulance | 1 | 0.7 | NPPES [2] |
| ABA and autism therapy | 1 | 0.7 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.7 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.7 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.7 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.7 | NPPES [2] |
| Medical equipment suppliers | 3 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Independent pharmacy carries 16 of the 87 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 Oakland County
Lenders in Oakland County have already closed 53 healthcare approvals, averaging $577,785, which is the size a new file gets read beside
| What it measures | Value | How to read it |
|---|---|---|
| Healthcare files approved | 53 | Fiscal year published in the SBA file [5] |
| Dollars behind them | $30,622,600 | Sum of approvals to healthcare borrowers [5] |
| Typical approval size | $577,785 | Dollars divided by approvals [5] |
| Credit offices operating locally | 814 | Credit intermediation establishments, NAICS 522 [6] |
How this data lands in an underwriting decision
A file from here opens on 57.8 providers per 10,000 residents, and everything about volume follows from it. 53 approvals worth $30,622,600 in Oakland County means the size you are asking for has a local precedent to point at. Household income of $62,878 in Hazel Park is the number a lender uses to sanity check the self-pay share of a revenue projection.
The programs this provider mix points at
- Practice acquisition
- Expansion, relocation, and build-out
- Startup and de novo
- Commercial real estate, owner-occupied
- Equipment financing and leasing
The 20 fields practicing locally set this order. A funding partner, not this list, decides what is available in Michigan.
The first pages of a Hazel Park file
What a funder opens first depends on the field. In Hazel Park that means independent pharmacy, optometry and ophthalmology, physical, occupational, and speech therapy.
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Independent pharmacy (16) | 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 |
| Optometry and ophthalmology (9) | Exam volume and optical capture, Vision plan mix, Inventory turns | Cold start or acquisition |
| Physical, occupational, and speech therapy (9) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
The first column is Hazel Park's own NPPES count. The rest is how the field is generally underwritten, whether the address is Hazel Park or anywhere else.
Hazel Park against nearby Michigan markets
Set Hazel Park's 57.8 per 10,000 against the towns an appraiser would reach for next
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Hazel Park (current) | 15,064 | 87 | 57.8 | |
| Ferndale | 19,431 | 204 | 105.0 | 2 |
| Madison Heights | 28,626 | 425 | 148.5 | 3 |
| Oak Park | 29,402 | 321 | 109.2 | 4 |
| Royal Oak | 58,251 | 1,246 | 213.9 | 4 |
| Berkley | 15,313 | 174 | 113.6 | 5 |
| Hamtramck | 27,424 | 181 | 66.0 | 5 |
Distance, income, and the wage floor around Hazel Park
Detroit-Warren-Dearborn, MI lies 6 miles from Hazel Park, close enough that appraisers price the lease against Detroit-Warren-Dearborn, MI rents while 15,064 residents set the revenue ceiling. At $62,878 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.
Nearby Michigan towns
What owners in Hazel Park ask
01How many providers practice in Hazel Park, and in what?
87 enumerations sit at Hazel Park addresses in the monthly NPPES file, working out to 57.8 for every 10,000 residents. 18 percent of them are independent pharmacy, and optometry and ophthalmology follows with 9. An enumeration is a clinician, so the 87 here cover fewer than 87 practices.
02What does SBA lending look like around Hazel Park?
$30,622,600 went to healthcare borrowers in Oakland County across 53 approvals, $577,785 on average. Deals near Hazel Park get sized against that record before anything else.
03What does Oakland County's shortage designation change?
Designated for primary care, dental, mental health, Oakland 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.
04What does a $62,878 median income mean for case acceptance?
Median household income in Hazel Park runs $62,878. 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.
05Is Hazel Park underwritten as part of Detroit-Warren-Dearborn, MI?
Detroit-Warren-Dearborn, MI sits 6 miles away, close enough that appraisers reach into that market for rent and resale comparables while your patient draw stays local. The comparables read Detroit-Warren-Dearborn, MI; the 15,064 residents set the ceiling a projection can defend.
06How many Medicare-certified providers are based in Hazel Park?
1 Medicare-certified providers hold an address in the town across the Care Compare categories. Certified volume this close matters on a working-capital file, because it shows the payer-mix and the reimbursement lag a funder will price into a 15,064 resident market.
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
Our team reviews every request within 1 business day. If a funding partner thinks they can help, a specialist from that partner contacts you to discuss next steps.