Michigan micro-market
Healthcare practice financing in Lincoln Park, Michigan
Direct answer
A Lincoln Park file is read against 175 local clinicians, 45.1 for every 10,000 of its 38,774 residents, 19 percent of them in independent pharmacy, plus the 38 SBA healthcare approvals worth $13,826,400 already recorded in Wayne County, 11 miles from 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: 38,774 residents (25K-50K band)1
- Healthcare providers registered here: 175 across 21 fields2
- Median household income: $57,1833
- Largest provider field: Independent pharmacy: 33 registered providers2
- Medicare-certified providers in town: 3 across 2 categories4
- Nearest metro: Detroit-Warren-Dearborn, MI, 11 miles1
Fields practicing inside Lincoln Park
Counted at the town's own addresses: 175 providers, 21 fields, 45.1 clinicians per 10,000 of the 38,774 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Independent pharmacy | 33 | 8.5 | NPPES [2] |
| General dentistry | 29 | 7.5 | NPPES [2] |
| Home health | 22 | 5.7 | NPPES [2] |
| Primary care and family medicine | 15 | 3.9 | NPPES [2] |
| Specialty physician groups | 12 | 3.1 | NPPES [2] |
| Optometry and ophthalmology | 10 | 2.6 | NPPES [2] |
| Behavioral and mental health group practices | 10 | 2.6 | NPPES [2] |
| DME and HME suppliers | 8 | 2.1 | NPPES [2] |
| Urgent care | 6 | 1.5 | NPPES [2] |
| Chiropractic | 5 | 1.3 | NPPES [2] |
| Dental specialties | 3 | 0.8 | NPPES [2] |
| Non-medical home care | 3 | 0.8 | NPPES [2] |
| ABA and autism therapy | 3 | 0.8 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 3 | 0.8 | NPPES [2] |
| Occupational health and drug testing | 3 | 0.8 | NPPES [2] |
| Physical, occupational, and speech therapy | 3 | 0.8 | NPPES [2] |
| NEMT and ambulance | 2 | 0.5 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 0.5 | NPPES [2] |
| Dermatology | 1 | 0.3 | NPPES [2] |
| SUD treatment and residential | 1 | 0.3 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.3 | NPPES [2] |
| Medical equipment suppliers | 5 | CMS [4] | |
| Home health agencies | 2 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Several of the 33 independent pharmacy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What Wayne County credit files already show
38 healthcare approvals averaging $363,853 set the deal shape lenders in Wayne County have already underwritten
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 38 | One published fiscal year, healthcare borrowers only [5] |
| Approved dollars | $13,826,400 | Approved, not disbursed, and not net of withdrawals [5] |
| Average approval | $363,853 | A mean, so one large approval moves it [5] |
| Lending establishments in the county | 637 | Credit intermediation offices sited in the county [6] |
The consequence of these numbers
At 45.1 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A request measured against 38 prior Wayne County approvals is priced on precedent, which shortens the questions about valuation. With $57,183 as the median household income, the payer mix in a projection has to match what Lincoln Park households actually spend.
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
Weighted by how often each of the 21 local fields reaches for a program, not by what is easiest to refer. Michigan rules and the partner decide availability.
The first pages of a Lincoln Park file
What a funder opens first depends on the field. In Lincoln Park that means independent pharmacy, general dentistry, home health.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Independent pharmacy (33) | 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 |
| General dentistry (29) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Home health (22) | Medicare certification first, Payer mix second, Days in accounts receivable third | Payroll between visit and remittance |
The first column is Lincoln Park's own NPPES count. The rest is how the field is generally underwritten, whether the address is Lincoln Park or anywhere else.
How Lincoln Park prices against its neighbors
Density is the number that moves an appraisal: 45.1 per 10,000 here
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Lincoln Park (current) | 38,774 | 175 | 45.1 | |
| Allen Park | 27,604 | 241 | 87.3 | 2 |
| Melvindale | 12,401 | 22 | 17.7 | 2 |
| Southgate | 29,081 | 391 | 134.5 | 3 |
| Wyandotte | 24,214 | 226 | 93.3 | 3 |
| Taylor | 61,544 | 519 | 84.3 | 5 |
| Riverview | 12,011 | 131 | 109.1 | 5 |
How Lincoln Park sits against the nearest metro
Distance to Detroit-Warren-Dearborn, MI is 11 miles. Appraisers borrow Detroit-Warren-Dearborn, MI rents, and the 38,774 residents set the ceiling on collections. At $57,183 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Referral flow comes from outside Lincoln Park, which a projection needs to state plainly.
Other Michigan markets
- Allen Park 27,604 residents
- Melvindale 12,401 residents
- Southgate 29,081 residents
- Wyandotte 24,214 residents
- Taylor 61,544 residents
- Riverview 12,011 residents
Lincoln Park owners, answered
01How many providers practice in Lincoln Park, and in what?
175 enumerations sit at Lincoln Park addresses in the monthly NPPES file, working out to 45.1 for every 10,000 residents. 19 percent of them are independent pharmacy, and general dentistry follows with 29. An enumeration is a clinician, so the 175 here cover fewer than 175 practices.
02What does SBA lending look like around Lincoln Park?
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 Lincoln Park reaches for first.
03What does Wayne County's shortage designation change?
HRSA designates Wayne County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Lincoln Park and evidences a staffing ramp in a 38,774 resident market.
04What does a $57,183 median income mean for case acceptance?
Median household income in Lincoln Park runs $57,183. 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.
05Which fields carry the volume in Lincoln Park?
Independent pharmacy at 33 providers and general dentistry at 29 lead the 21 fields enumerated here. A funder reads that mix as the local competition set and the local hiring pool at once, before it reads a single line of your own numbers.
06Is Lincoln Park underwritten as part of Detroit-Warren-Dearborn, MI?
Comparables and demand split at 11 miles. An appraiser prices the lease and the equipment off Detroit-Warren-Dearborn, MI; the revenue line has to hold up against 38,774 local residents.
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.