Minnesota micro-market
Healthcare practice financing in Stillwater, Minnesota
Direct answer
Density decides a lot here. Stillwater runs 233.7 providers per 10,000 residents, 453 clinicians against 19,386 people, 35 percent of them in physical, occupational, and speech therapy, while Washington County lenders have approved 8 healthcare files worth $2,149,000 and the nearest metro is 22 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: 19,386 residents (10K-25K band)1
- Healthcare providers registered here: 453 across 27 fields2
- Median household income: $109,2973
- Largest provider field: Physical, occupational, and speech therapy: 157 registered providers2
- Medicare-certified providers in town: 2 across 2 categories4
- Nearest metro: Minneapolis-St. Paul-Bloomington, MN-WI, 22 miles1
The clinical base a lender can verify here
453 providers across 27 fields, 233.7 per 10,000 residents, counted at Stillwater addresses in the NPPES monthly file
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 157 | 81.0 | NPPES [2] |
| Primary care and family medicine | 63 | 32.5 | NPPES [2] |
| Chiropractic | 55 | 28.4 | NPPES [2] |
| Optometry and ophthalmology | 29 | 15.0 | NPPES [2] |
| Specialty physician groups | 23 | 11.9 | NPPES [2] |
| General dentistry | 21 | 10.8 | NPPES [2] |
| Dental specialties | 21 | 10.8 | NPPES [2] |
| Med spa and aesthetics | 17 | 8.8 | NPPES [2] |
| DME and HME suppliers | 13 | 6.7 | NPPES [2] |
| Behavioral and mental health group practices | 9 | 4.6 | NPPES [2] |
| Audiology and hearing centers | 7 | 3.6 | NPPES [2] |
| Home health | 6 | 3.1 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 5 | 2.6 | NPPES [2] |
| Independent pharmacy | 4 | 2.1 | NPPES [2] |
| SUD treatment and residential | 3 | 1.5 | NPPES [2] |
| Non-medical home care | 3 | 1.5 | NPPES [2] |
| Podiatry | 2 | 1.0 | NPPES [2] |
| Dermatology | 2 | 1.0 | NPPES [2] |
| ASCs and OBLs | 2 | 1.0 | NPPES [2] |
| NEMT and ambulance | 2 | 1.0 | NPPES [2] |
| ABA and autism therapy | 2 | 1.0 | NPPES [2] |
| Occupational health and drug testing | 2 | 1.0 | NPPES [2] |
| Imaging centers | 1 | 0.5 | NPPES [2] |
| Hospice and palliative | 1 | 0.5 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.5 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.5 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.5 | NPPES [2] |
| Medical equipment suppliers | 4 | CMS [4] | |
| Ambulatory surgical centers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
Physical, occupational, and speech therapy carries 157 of the 453 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
Washington County approvals, dollars, and lending establishments
With 8 healthcare approvals recorded, Washington County gives a valuation almost nothing local to lean on
| What it measures | Value | How to read it |
|---|---|---|
| Approvals on record | 8 | One published fiscal year, healthcare borrowers only [5] |
| Total approved capital | $2,149,000 | Approved, not disbursed, and not net of withdrawals [5] |
| Mean deal size | $268,625 | A mean, so one large approval moves it [5] |
| Lenders sited in the county | 124 | Credit intermediation offices sited in the county [6] |
Reading Stillwater the way a credit committee does
Underwriting starts with 233.7 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. Washington County has 8 approvals to compare against, so plan for extra appraisal time and a conservative valuation. With $109,297 as the median household income, the payer mix in a projection has to match what Stillwater households actually spend.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Working capital term loan
- Expansion, relocation, and build-out
- Equipment financing and leasing
The 27 fields practicing locally set this order. A funding partner, not this list, decides what is available in Minnesota.
The first pages of a Stillwater file
What a funder opens first depends on the field. In Stillwater that means physical, occupational, and speech therapy, primary care and family medicine, chiropractic.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (157) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (63) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (55) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Column one counts Stillwater clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Stillwater file differently.
Density beside the neighboring Minnesota towns
Set Stillwater's 233.7 per 10,000 against the towns an appraiser would reach for next
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Stillwater (current) | 19,386 | 453 | 233.7 | |
| Lake Elmo | 14,161 | 104 | 73.4 | 6 |
| Oakdale | 30,441 | 171 | 56.2 | 8 |
| White Bear Lake | 23,479 | 277 | 118.0 | 9 |
| Hugo | 16,765 | 55 | 32.8 | 10 |
| Maplewood | 40,142 | 438 | 109.1 | 10 |
| Woodbury | 80,596 | 1,002 | 124.3 | 11 |
What the geography does to a Stillwater projection
22 miles separate Stillwater from Minneapolis-St. Paul-Bloomington, MN-WI. Lease pricing follows Minneapolis-St. Paul-Bloomington, MN-WI, while revenue stays capped by the 19,386 residents here. Median household income runs $109,297, which is the number a funder converts into case acceptance on anything elective or cash-pay. Hospital coverage inside Stillwater means a call schedule can be evidenced rather than described. Stillwater is the Washington County seat, so county employment steadies the payer mix.
More of Minnesota
Questions from Stillwater
01How many providers practice in Stillwater, and in what?
Across 27 fields, Stillwater carries 453 enumerated clinicians, 233.7 per 10,000 of the 19,386 people living here. The concentration is in physical, occupational, and speech therapy, 157 of the total, then primary care and family medicine at 63. Count practices from that only with care.
02Why does Washington County show so little SBA activity?
Washington County shows 8 approvals in the SBA healthcare file, which means an appraiser reaches outside the county for comparables. Few sales, not weak credit, is the usual reason. 124 lending establishments operate locally.
03Is Stillwater underwritten as part of Minneapolis-St. Paul-Bloomington, MN-WI?
Partly. Minneapolis-St. Paul-Bloomington, MN-WI is 22 miles out, so rent and equipment comparables travel in from there while patients still come from the 19,386 residents around Stillwater. Cost side metro, revenue side local.
04What does a $109,297 median income mean for case acceptance?
Median household income in Stillwater runs $109,297. 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.
05What does Washington County's shortage designation change?
Washington County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Stillwater can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
06Which fields carry the volume in Stillwater?
Volume concentrates in physical, occupational, and speech therapy, 157 of them, ahead of primary care and family medicine at 63, across 27 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
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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