Minnesota micro-market
Healthcare practice financing in Bemidji, Minnesota
Direct answer
Density decides a lot here. Bemidji runs 228.2 providers per 10,000 residents, 359 clinicians against 15,733 people, 22 percent of them in physical, occupational, and speech therapy, while Beltrami County lenders have approved 0 healthcare files worth $0 and the nearest metro is 94 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 Minnesota, and how many partners see it, is set out on the Minnesota page.
- Population: 15,733 residents (10K-25K band)1
- Healthcare providers registered here: 359 across 29 fields2
- Median household income: $53,8503
- Largest provider field: Physical, occupational, and speech therapy: 80 registered providers2
- Medicare-certified providers in town: 3 across 3 categories4
- Nearest metro: Grand Forks, ND-MN, 94 miles1
The provider census in Bemidji
Counted at the town's own addresses: 359 providers, 29 fields, 228.2 clinicians per 10,000 of the 15,733 residents here
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 80 | 50.8 | NPPES [2] |
| Chiropractic | 48 | 30.5 | NPPES [2] |
| Primary care and family medicine | 46 | 29.2 | NPPES [2] |
| Optometry and ophthalmology | 32 | 20.3 | NPPES [2] |
| Specialty physician groups | 29 | 18.4 | NPPES [2] |
| General dentistry | 22 | 14.0 | NPPES [2] |
| Behavioral and mental health group practices | 22 | 14.0 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 14 | 8.9 | NPPES [2] |
| Independent pharmacy | 12 | 7.6 | NPPES [2] |
| DME and HME suppliers | 11 | 7.0 | NPPES [2] |
| SUD treatment and residential | 8 | 5.1 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 8 | 5.1 | NPPES [2] |
| Home health | 6 | 3.8 | NPPES [2] |
| Dermatology | 3 | 1.9 | NPPES [2] |
| Audiology and hearing centers | 3 | 1.9 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.3 | NPPES [2] |
| Podiatry | 1 | 0.6 | NPPES [2] |
| Urgent care | 1 | 0.6 | NPPES [2] |
| ASCs and OBLs | 1 | 0.6 | NPPES [2] |
| Sleep centers | 1 | 0.6 | NPPES [2] |
| Pain management and interventional | 1 | 0.6 | NPPES [2] |
| Dental specialties | 1 | 0.6 | NPPES [2] |
| NEMT and ambulance | 1 | 0.6 | NPPES [2] |
| Non-medical home care | 1 | 0.6 | NPPES [2] |
| Hospice and palliative | 1 | 0.6 | NPPES [2] |
| Clinical research sites | 1 | 0.6 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.6 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.6 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 13 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Physical, occupational, and speech therapy carries 80 of the 359 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 Beltrami County
With 0 healthcare approvals recorded, Beltrami County gives a valuation almost nothing local to lean on
| What it measures | Value | How to read it |
|---|---|---|
| Healthcare files approved | 0 | Fiscal year published in the SBA file [5] |
| Dollars behind them | $0 | Sum of approvals to healthcare borrowers [5] |
| Typical approval size | No approvals recorded | Dollars divided by approvals [5] |
| Credit offices operating locally | 22 | Credit intermediation establishments, NAICS 522 [6] |
The consequence of these numbers
The ratio that matters up front is 228.2 per 10,000, which decides whether a ramp schedule reads as conservative. With 0 approvals on record in Beltrami County, expect a longer appraisal and a wider collateral discount. With $53,850 as the median household income, the payer mix in a projection has to match what Bemidji households actually spend.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Equipment financing and leasing
- Working capital term loan
The order comes from Bemidji's own provider mix, which physical, occupational, and speech therapy dominates at 22 percent. What a partner can actually place in Minnesota is a separate question.
The first pages of a Bemidji file
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, chiropractic, primary care and family medicine
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (80) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (48) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| Primary care and family medicine (46) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
NPPES supplies the Bemidji counts. The reading columns describe the field in general, and no partner reviewing a Bemidji file is bound by them.
Density beside the neighboring Minnesota towns
Set Bemidji's 228.2 per 10,000 against the towns an appraiser would reach for next
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Bemidji (current) | 15,733 | 359 | 228.2 | |
| Detroit Lakes | 10,033 | 206 | 205.3 | 65 |
| Grand Rapids | 11,244 | 258 | 229.5 | 65 |
| Brainerd | 14,400 | 242 | 168.1 | 84 |
| Hibbing | 15,940 | 152 | 95.4 | 90 |
| Moorhead | 45,726 | 304 | 66.5 | 97 |
| Fergus Falls | 14,258 | 203 | 142.4 | 100 |
Distance, income, and the wage floor around Bemidji
Grand Forks, ND-MN lies 94 miles from Bemidji, far enough that a used chair, chairside unit, or imaging system has no nearby resale market, which is where the collateral discount comes from. Median household income runs $53,850, which is the number a funder converts into case acceptance on anything elective or cash-pay. Wages here are anchored by the Medicare-certified hospital in town, which is what a staffing line gets measured against. Campus terms, not calendar quarters, set the busy months in Bemidji. Bemidji is the Beltrami County seat, so county employment steadies the payer mix.
Other Minnesota markets
- Detroit Lakes 10,033 residents
- Grand Rapids 11,244 residents
- Brainerd 14,400 residents
- Hibbing 15,940 residents
- Moorhead 45,726 residents
- Fergus Falls 14,258 residents
Bemidji owners, answered
01How many providers practice in Bemidji, and in what?
Across 29 fields, Bemidji carries 359 enumerated clinicians, 228.2 per 10,000 of the 15,733 people living here. The concentration is in physical, occupational, and speech therapy, 80 of the total, then chiropractic at 48. Count practices from that only with care.
02Does being 94 miles out change the underwriting?
At 94 miles from Grand Forks, ND-MN, collateral is priced without a nearby resale market. Expect a longer appraisal window in Beltrami County and a wider discount on used equipment than a metro practice would see on the same list.
03What does Beltrami County's shortage designation change?
HRSA designates Beltrami County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Bemidji and evidences a staffing ramp in a 15,733 resident market.
04Why does Beltrami County show so little SBA activity?
Only 0 healthcare approvals appear for Beltrami County in the published 7(a) and 504 file. Thin volume in Beltrami County is a transaction count, not a verdict on borrowers here. The county still holds 22 credit intermediation establishments.
05How does the hospital in Bemidji affect a practice file?
Referral flow, coverage, and the local pay scale all trace back to it. The town carries 3 Medicare-certified providers in total. A Bemidji projection that names the call arrangement reads better than one that assumes it.
06Which fields carry the volume in Bemidji?
The 29 enumerated fields are led by physical, occupational, and speech therapy at 80, with chiropractic at 48 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
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.