Minnesota micro-market
Healthcare practice financing in Fergus Falls, Minnesota
Direct answer
14,258 residents, 203 enumerated clinicians, 142.4 per 10,000, 15 percent of them in physical, occupational, and speech therapy: that is the Fergus Falls market a funder prices. Otter Tail County adds 0 healthcare approvals worth $0 and 61 miles of distance to Fargo, ND-MN.
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: 14,258 residents (10K-25K band)1
- Healthcare providers registered here: 203 across 24 fields2
- Median household income: $50,8653
- Largest provider field: Physical, occupational, and speech therapy: 30 registered providers2
- Medicare-certified providers in town: 2 across 2 categories4
- Nearest metro: Fargo, ND-MN, 61 miles1
The clinical base a lender can verify here
The NPPES file puts 203 enumerated clinicians inside Fergus Falls, spread over 24 fields at 142.4 per 10,000 residents
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 30 | 21.0 | NPPES [2] |
| Chiropractic | 28 | 19.6 | NPPES [2] |
| General dentistry | 23 | 16.1 | NPPES [2] |
| Primary care and family medicine | 20 | 14.0 | NPPES [2] |
| Optometry and ophthalmology | 13 | 9.1 | NPPES [2] |
| Specialty physician groups | 11 | 7.7 | NPPES [2] |
| Home health | 10 | 7.0 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 10 | 7.0 | NPPES [2] |
| Dental specialties | 8 | 5.6 | NPPES [2] |
| Behavioral and mental health group practices | 8 | 5.6 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 7 | 4.9 | NPPES [2] |
| DME and HME suppliers | 6 | 4.2 | NPPES [2] |
| SUD treatment and residential | 5 | 3.5 | NPPES [2] |
| Independent pharmacy | 5 | 3.5 | NPPES [2] |
| Audiology and hearing centers | 3 | 2.1 | NPPES [2] |
| Hospice and palliative | 3 | 2.1 | NPPES [2] |
| Med spa and aesthetics | 3 | 2.1 | NPPES [2] |
| Podiatry | 2 | 1.4 | NPPES [2] |
| ABA and autism therapy | 2 | 1.4 | NPPES [2] |
| Occupational health and drug testing | 2 | 1.4 | NPPES [2] |
| Urgent care | 1 | 0.7 | NPPES [2] |
| NEMT and ambulance | 1 | 0.7 | NPPES [2] |
| Non-medical home care | 1 | 0.7 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.7 | NPPES [2] |
| Medical equipment suppliers | 9 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Physical, occupational, and speech therapy carries 30 of the 203 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 Otter Tail County
With 0 healthcare approvals recorded, Otter Tail County gives a valuation almost nothing local to lean on
| What it measures | Value | How to read it |
|---|---|---|
| SBA healthcare approvals | 0 | Fiscal year published in the SBA file [5] |
| Approved dollars | $0 | Sum of approvals to healthcare borrowers [5] |
| Average approval | No approvals recorded | Dollars divided by approvals [5] |
| Lending establishments in the county | 38 | Credit intermediation establishments, NAICS 522 [6] |
Reading Fergus Falls the way a credit committee does
Density of 142.4 per 10,000 sets the patient draw a projection can claim without an argument. Otter Tail County has 0 approvals to compare against, so plan for extra appraisal time and a conservative valuation. With $50,865 as the median household income, the payer mix in a projection has to match what Fergus Falls households actually spend.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Equipment financing and leasing
- Expansion, relocation, and build-out
- Working capital term loan
The 24 fields practicing locally set this order. A funding partner, not this list, decides what is available in Minnesota.
What a funder reads first in Fergus Falls
physical, occupational, and speech therapy, chiropractic, general dentistry account for most of what is enumerated in Fergus Falls, so those are the files funders see from this town
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (30) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (28) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| General dentistry (23) | 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.
Density beside the neighboring Minnesota towns
142.4 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Fergus Falls
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Fergus Falls (current) | 14,258 | 203 | 142.4 | |
| Detroit Lakes | 10,033 | 206 | 205.3 | 38 |
| Alexandria | 14,914 | 313 | 209.9 | 44 |
| Moorhead | 45,726 | 304 | 66.5 | 51 |
| Brainerd | 14,400 | 242 | 168.1 | 90 |
| Willmar | 21,892 | 269 | 122.9 | 94 |
| Sartell | 19,979 | 196 | 98.1 | 100 |
Distance, income, and the wage floor around Fergus Falls
Distance to Fargo, ND-MN is 61 miles. Resale for used clinical equipment is effectively absent, which is why collateral gets marked down. At $50,865 median household income, the elective and cash-pay share of a projection is the line that gets tested first. The Medicare-certified hospital in Fergus Falls sets the local wage floor before you hire against it. Campus terms, not calendar quarters, set the busy months in Fergus Falls. Fergus Falls is the Otter Tail County seat, so county employment steadies the payer mix.
Other Minnesota markets
- Detroit Lakes 10,033 residents
- Alexandria 14,914 residents
- Moorhead 45,726 residents
- Brainerd 14,400 residents
- Willmar 21,892 residents
- Sartell 19,979 residents
Questions from Fergus Falls
01How many providers practice in Fergus Falls, and in what?
203 enumerations sit at Fergus Falls addresses in the monthly NPPES file, working out to 142.4 for every 10,000 residents. 15 percent of them are physical, occupational, and speech therapy, and chiropractic follows with 28. An enumeration is a clinician, so the 203 here cover fewer than 203 practices.
02Does being 61 miles out change the underwriting?
Fargo, ND-MN is 61 miles away, far enough that rent and equipment resale comparables get pulled from Otter Tail County rather than a metro market. At 61 miles the appraisal window runs longer and equipment resale gets discounted.
03What does Otter Tail County's shortage designation change?
HRSA designates Otter Tail County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Fergus Falls and evidences a staffing ramp in a 14,258 resident market.
04Why does Otter Tail County show so little SBA activity?
Only 0 healthcare approvals appear for Otter Tail County in the published 7(a) and 504 file. Thin volume in Otter Tail County is a transaction count, not a verdict on borrowers here. The county still holds 38 credit intermediation establishments.
05How does the hospital in Fergus Falls affect a practice file?
Referral flow, coverage, and the local pay scale all trace back to it. The town carries 2 Medicare-certified providers in total. A Fergus Falls projection that names the call arrangement reads better than one that assumes it.
06Which fields carry the volume in Fergus Falls?
Physical, occupational, and speech therapy at 30 providers and chiropractic at 28 lead the 24 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.
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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