Minnesota micro-market
Healthcare practice financing in Red Wing, Minnesota
Direct answer
Density decides a lot here. Red Wing runs 109.0 providers per 10,000 residents, 183 clinicians against 16,788 people, 31 percent of them in physical, occupational, and speech therapy, while Goodhue County lenders have approved 2 healthcare files worth $558,500 and the nearest metro is 40 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: 16,788 residents (10K-25K band)1
- Healthcare providers registered here: 183 across 22 fields2
- Median household income: $65,2593
- Largest provider field: Physical, occupational, and speech therapy: 56 registered providers2
- Medicare-certified providers in town: 2 across 1 categories4
- Nearest metro: Rochester, MN, 40 miles1
Red Wing clinicians, by field
183 providers across 22 fields, 109.0 per 10,000 residents, counted at Red Wing addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 56 | 33.4 | NPPES [2] |
| Chiropractic | 30 | 17.9 | NPPES [2] |
| Primary care and family medicine | 21 | 12.5 | NPPES [2] |
| Optometry and ophthalmology | 15 | 8.9 | NPPES [2] |
| General dentistry | 10 | 6.0 | NPPES [2] |
| Specialty physician groups | 10 | 6.0 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 9 | 5.4 | NPPES [2] |
| DME and HME suppliers | 8 | 4.8 | NPPES [2] |
| Home health | 4 | 2.4 | NPPES [2] |
| ABA and autism therapy | 4 | 2.4 | NPPES [2] |
| Dental specialties | 3 | 1.8 | NPPES [2] |
| Independent pharmacy | 2 | 1.2 | NPPES [2] |
| Behavioral and mental health group practices | 2 | 1.2 | NPPES [2] |
| Podiatry | 1 | 0.6 | NPPES [2] |
| SUD treatment and residential | 1 | 0.6 | NPPES [2] |
| NEMT and ambulance | 1 | 0.6 | NPPES [2] |
| Audiology and hearing centers | 1 | 0.6 | NPPES [2] |
| Non-medical home care | 1 | 0.6 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 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 | 8 | CMS [4] | |
| Home health agencies | 2 | CMS [4] |
Several of the 56 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
The lending record behind Red Wing
2 healthcare approvals sit in the county file, so an appraiser here works from a short comparable set
| Measure | Published figure | What sits behind it |
|---|---|---|
| Healthcare files approved | 2 | Fiscal year published in the SBA file [5] |
| Dollars behind them | $558,500 | Sum of approvals to healthcare borrowers [5] |
| Typical approval size | $279,250 | Dollars divided by approvals [5] |
| Credit offices operating locally | 24 | Credit intermediation establishments, NAICS 522 [6] |
The consequence of these numbers
109.0 per 10,000 is the first number a credit analyst converts into a realistic new-patient count. Goodhue County has 2 approvals to compare against, so plan for extra appraisal time and a conservative valuation. Household income of $65,259 in Red Wing 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
- Startup and de novo
- Working capital term loan
- Equipment financing and leasing
- Expansion, relocation, and build-out
The order comes from Red Wing's own provider mix, which physical, occupational, and speech therapy dominates at 31 percent. What a partner can actually place in Minnesota is a separate question.
What a funder reads first in Red Wing
What a funder opens first depends on the field. In Red Wing that means physical, occupational, and speech therapy, chiropractic, primary care and family medicine.
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (56) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Chiropractic (30) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
| Primary care and family medicine (21) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
NPPES supplies the Red Wing counts. The reading columns describe the field in general, and no partner reviewing a Red Wing file is bound by them.
How Red Wing prices against its neighbors
Set Red Wing's 109.0 per 10,000 against the towns an appraiser would reach for next
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Red Wing (current) | 16,788 | 183 | 109.0 | |
| Hastings | 22,502 | 179 | 79.5 | 16 |
| Cottage Grove | 42,760 | 177 | 41.4 | 22 |
| Rosemount | 30,581 | 100 | 32.7 | 25 |
| Woodbury | 80,596 | 1,002 | 124.3 | 27 |
| Farmington | 24,464 | 102 | 41.7 | 28 |
| Inver Grove Heights | 36,226 | 206 | 56.9 | 28 |
Distance, income, and the wage floor around Red Wing
Rochester, MN lies 40 miles from Red Wing, close enough for rent comparables to travel and far enough that patient draw does not. At $65,259 median household income, the elective and cash-pay share of a projection is the line that gets tested first. The hospital fixes two inputs a lender would otherwise estimate in a 16,788 resident town: where referrals originate, and what staff cost. Red Wing is the Goodhue County seat, so county employment steadies the payer mix.
Other Minnesota markets
- Hastings 22,502 residents
- Cottage Grove 42,760 residents
- Rosemount 30,581 residents
- Woodbury 80,596 residents
- Farmington 24,464 residents
- Inver Grove Heights 36,226 residents
Red Wing owners, answered
01How many providers practice in Red Wing, and in what?
183 enumerations sit at Red Wing addresses in the monthly NPPES file, working out to 109.0 for every 10,000 residents. 31 percent of them are physical, occupational, and speech therapy, and chiropractic follows with 30. An enumeration is a clinician, so the 183 here cover fewer than 183 practices.
02What does Goodhue County's shortage designation change?
Goodhue County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Red Wing can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03Why does Goodhue County show so little SBA activity?
Only 2 healthcare approvals appear for Goodhue County in the published 7(a) and 504 file. Thin volume in Goodhue County is a transaction count, not a verdict on borrowers here. The county still holds 24 credit intermediation establishments.
04How does the hospital in Red Wing 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 Red Wing projection that names the call arrangement reads better than one that assumes it.
05Which fields carry the volume in Red Wing?
The 22 enumerated fields are led by physical, occupational, and speech therapy at 56, with chiropractic at 30 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
06Is Red Wing underwritten as part of Rochester, MN?
Comparables and demand split at 40 miles. An appraiser prices the lease and the equipment off Rochester, MN; the revenue line has to hold up against 16,788 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
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