Minnesota micro-market
Healthcare practice financing in Moorhead, Minnesota
Direct answer
Clay County carries 2 SBA healthcare approvals worth $146,000, and inside Moorhead the census shows 304 enumerated clinicians against 45,726 residents, 66.5 per 10,000, 25 percent of them in physical, occupational, and speech therapy. Fargo, ND-MN lies 11 miles away.
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- Population: 45,726 residents (25K-50K band)1
- Healthcare providers registered here: 304 across 23 fields2
- Median household income: $69,3713
- Largest provider field: Physical, occupational, and speech therapy: 76 registered providers2
- Nearest metro: Fargo, ND-MN, 11 miles1
- Higher education: At least one degree-granting institution is based here4
Who is enumerated in Moorhead
The NPPES file puts 304 enumerated clinicians inside Moorhead, spread over 23 fields at 66.5 per 10,000 residents
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 76 | 16.6 | NPPES [2] |
| Chiropractic | 34 | 7.4 | NPPES [2] |
| ABA and autism therapy | 32 | 7.0 | NPPES [2] |
| Home health | 25 | 5.5 | NPPES [2] |
| Behavioral and mental health group practices | 18 | 3.9 | NPPES [2] |
| Primary care and family medicine | 16 | 3.5 | NPPES [2] |
| Non-medical home care | 16 | 3.5 | NPPES [2] |
| General dentistry | 15 | 3.3 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 11 | 2.4 | NPPES [2] |
| DME and HME suppliers | 10 | 2.2 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 10 | 2.2 | NPPES [2] |
| Optometry and ophthalmology | 9 | 2.0 | NPPES [2] |
| SUD treatment and residential | 8 | 1.7 | NPPES [2] |
| Independent pharmacy | 6 | 1.3 | NPPES [2] |
| Specialty physician groups | 5 | 1.1 | NPPES [2] |
| Dental specialties | 4 | 0.9 | NPPES [2] |
| Audiology and hearing centers | 2 | 0.4 | NPPES [2] |
| Occupational health and drug testing | 2 | 0.4 | NPPES [2] |
| Urgent care | 1 | 0.2 | NPPES [2] |
| Sleep centers | 1 | 0.2 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.2 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.2 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.2 | NPPES [2] |
| Medical equipment suppliers | 6 | CMS [5] |
A single Moorhead practice can hold more than one of these numbers. 25 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
What Clay County credit files already show
With 2 healthcare approvals recorded, Clay County gives a valuation almost nothing local to lean on
| Line | Amount | Reading and source |
|---|---|---|
| SBA healthcare approvals | 2 | Fiscal year published in the SBA file [6] |
| Approved dollars | $146,000 | Sum of approvals to healthcare borrowers [6] |
| Average approval | $73,000 | Dollars divided by approvals [6] |
| Lending establishments in the county | 31 | Credit intermediation establishments, NAICS 522 [7] |
What the two tables above change about a file
At 66.5 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A short county record of 2 approvals usually means more documentation and a lower advance against the same collateral. With $69,371 as the median household income, the payer mix in a projection has to match what Moorhead households actually spend.
Programs the Moorhead mix reaches for
- Practice acquisition
- Working capital term loan
- Startup and de novo
- Medical receivables factoring
- Equipment financing and leasing
Ranked from the 23 fields that actually practice in Moorhead, weighted toward physical, occupational, and speech therapy. Availability still depends on Minnesota and on the funding partner.
What a funder reads first in Moorhead
What a funder opens first depends on the field. In Moorhead that means physical, occupational, and speech therapy, chiropractic, aba and autism therapy.
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (76) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (34) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| ABA and autism therapy (32) | Authorized hours against delivered hours, Payer mix stability, Billing compliance history | Working capital against authorization and billing lag |
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.
How Moorhead prices against its neighbors
Set Moorhead's 66.5 per 10,000 against the towns an appraiser would reach for next
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Moorhead (current) | 45,726 | 304 | 66.5 | |
| Detroit Lakes | 10,033 | 206 | 205.3 | 43 |
| Fergus Falls | 14,258 | 203 | 142.4 | 51 |
| Alexandria | 14,914 | 313 | 209.9 | 94 |
| Bemidji | 15,733 | 359 | 228.2 | 98 |
| Brainerd | 14,400 | 242 | 168.1 | 125 |
| Willmar | 21,892 | 269 | 122.9 | 144 |
How Moorhead sits against the nearest metro
Distance to Fargo, ND-MN is 11 miles. Appraisers borrow Fargo, ND-MN rents, and the 45,726 residents set the ceiling on collections. Households here carry $69,371 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. No hospital operates here, so the referral sources and the call arrangement have to be named rather than assumed. A degree-granting institution here moves volume on the academic calendar. Moorhead is the Clay County seat, so county employment steadies the payer mix.
Nearby Minnesota towns
- Detroit Lakes 10,033 residents
- Fergus Falls 14,258 residents
- Alexandria 14,914 residents
- Bemidji 15,733 residents
- Brainerd 14,400 residents
- Willmar 21,892 residents
Moorhead owners, answered
01How many providers practice in Moorhead, and in what?
304 enumerations sit at Moorhead addresses in the monthly NPPES file, working out to 66.5 for every 10,000 residents. 25 percent of them are physical, occupational, and speech therapy, and chiropractic follows with 34. An enumeration is a clinician, so the 304 here cover fewer than 304 practices.
02What does Clay County's shortage designation change?
Clay County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Moorhead can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03Why does Clay County show so little SBA activity?
Only 2 healthcare approvals appear for Clay County in the published 7(a) and 504 file. Thin volume in Clay County is a transaction count, not a verdict on borrowers here. The county still holds 31 credit intermediation establishments.
04Is Moorhead underwritten as part of Fargo, ND-MN?
Partly. Fargo, ND-MN is 11 miles out, so rent and equipment comparables travel in from there while patients still come from the 45,726 residents around Moorhead. Cost side metro, revenue side local.
05Which fields carry the volume in Moorhead?
Physical, occupational, and speech therapy at 76 providers and chiropractic at 34 lead the 23 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.
06Does being the Clay County seat change anything?
Moorhead is the Clay County seat, so county payroll steadies the payer mix and courthouse traffic keeps the daytime population above the 45,726 residents on the census. Both show up as a flatter seasonal curve in a collections history.
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
- 4U.S. Department of Education, IPEDS 2023 institutional directory
- 5CMS Care Compare provider datasets
- 6U.S. Small Business Administration, 7(a) and 504 approvals
- 7U.S. Census Bureau, County Business Patterns 2022
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