Minnesota micro-market
Healthcare practice financing in Worthington, Minnesota
Direct answer
13,754 residents, 125 enumerated clinicians, 90.9 per 10,000, 22 percent of them in physical, occupational, and speech therapy: that is the Worthington market a funder prices. Nobles County adds 0 healthcare approvals worth $0 and 57 miles of distance to Sioux Falls, SD-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: 13,754 residents (10K-25K band)1
- Healthcare providers registered here: 125 across 20 fields2
- Median household income: $61,8403
- Largest provider field: Physical, occupational, and speech therapy: 28 registered providers2
- Medicare-certified providers in town: 2 across 2 categories4
- Nearest metro: Sioux Falls, SD-MN, 57 miles1
What NPPES records at Worthington addresses
90.9 providers per 10,000 residents is what 125 enumerations across 20 fields works out to in a town of 13,754
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 28 | 20.4 | NPPES [2] |
| Primary care and family medicine | 16 | 11.6 | NPPES [2] |
| Chiropractic | 14 | 10.2 | NPPES [2] |
| General dentistry | 11 | 8.0 | NPPES [2] |
| Specialty physician groups | 11 | 8.0 | NPPES [2] |
| Optometry and ophthalmology | 11 | 8.0 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 8 | 5.8 | NPPES [2] |
| Independent pharmacy | 6 | 4.4 | NPPES [2] |
| DME and HME suppliers | 5 | 3.6 | NPPES [2] |
| Podiatry | 2 | 1.5 | NPPES [2] |
| Home health | 2 | 1.5 | NPPES [2] |
| Dental specialties | 2 | 1.5 | NPPES [2] |
| Hospice and palliative | 2 | 1.5 | NPPES [2] |
| ASCs and OBLs | 1 | 0.7 | NPPES [2] |
| SUD treatment and residential | 1 | 0.7 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.7 | NPPES [2] |
| Behavioral and mental health group practices | 1 | 0.7 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.7 | NPPES [2] |
| Dialysis and infusion centers | 1 | 0.7 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.7 | NPPES [2] |
| Medical equipment suppliers | 7 | CMS [4] | |
| Hospice providers | 1 | CMS [4] | |
| Dialysis facilities | 1 | CMS [4] |
A single Worthington practice can hold more than one of these numbers. 22 percent sit in physical, occupational, and speech therapy, counted as clinicians rather than as owners.
What lenders have already approved in Nobles County
With 0 healthcare approvals recorded, Nobles County gives a valuation almost nothing local to lean on
| Line | Amount | Reading and source |
|---|---|---|
| Approvals on record | 0 | Fiscal year published in the SBA file [5] |
| Total approved capital | $0 | Sum of approvals to healthcare borrowers [5] |
| Mean deal size | No approvals recorded | Dollars divided by approvals [5] |
| Lenders sited in the county | 18 | Credit intermediation establishments, NAICS 522 [6] |
The consequence of these numbers
At 90.9 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. With 0 approvals on record in Nobles County, expect a longer appraisal and a wider collateral discount. With $61,840 as the median household income, the payer mix in a projection has to match what Worthington households actually spend.
Programs the Worthington mix reaches for
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Equipment financing and leasing
- Working capital term loan
Ranked from the 20 fields that actually practice in Worthington, weighted toward physical, occupational, and speech therapy. Availability still depends on Minnesota and on the funding partner.
Underwriting by field in Worthington
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, primary care and family medicine, chiropractic
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (28) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (16) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (14) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
NPPES supplies the Worthington counts. The reading columns describe the field in general, and no partner reviewing a Worthington file is bound by them.
Density beside the neighboring Minnesota towns
Set Worthington's 90.9 per 10,000 against the towns an appraiser would reach for next
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Worthington (current) | 13,754 | 125 | 90.9 | |
| Fairmont | 10,176 | 107 | 105.1 | 57 |
| Marshall | 13,996 | 211 | 150.8 | 57 |
| New Ulm | 13,970 | 155 | 111.0 | 74 |
| North Mankato | 14,142 | 72 | 50.9 | 87 |
| Mankato | 46,459 | 632 | 136.0 | 89 |
| Hutchinson | 14,708 | 164 | 111.5 | 106 |
How Worthington sits against the nearest metro
57 miles separate Worthington from Sioux Falls, SD-MN. Rent comparables cross that gap; patients mostly do not. Median household income runs $61,840, 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. A degree-granting institution here moves volume on the academic calendar. Worthington is the Nobles County seat, so county employment steadies the payer mix.
Other Minnesota markets
- Fairmont 10,176 residents
- Marshall 13,996 residents
- New Ulm 13,970 residents
- North Mankato 14,142 residents
- Mankato 46,459 residents
- Hutchinson 14,708 residents
Worthington owners, answered
01How many providers practice in Worthington, and in what?
Across 20 fields, Worthington carries 125 enumerated clinicians, 90.9 per 10,000 of the 13,754 people living here. The concentration is in physical, occupational, and speech therapy, 28 of the total, then primary care and family medicine at 16. Count practices from that only with care.
02What does Nobles County's shortage designation change?
HRSA designates Nobles County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Worthington and evidences a staffing ramp in a 13,754 resident market.
03Why does Nobles County show so little SBA activity?
The published file records 0 7(a) and 504 approvals to healthcare borrowers in Nobles County. That tracks how few Nobles County practices changed hands that year, not credit quality. 18 credit intermediation establishments operate in Nobles County, so the lending capacity is local even where the healthcare history is not.
04Is Worthington underwritten as part of Sioux Falls, SD-MN?
Partly. Sioux Falls, SD-MN is 57 miles out, so rent and equipment comparables travel in from there while patients still come from the 13,754 residents around Worthington. Cost side metro, revenue side local.
05How does the hospital in Worthington 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 Worthington projection that names the call arrangement reads better than one that assumes it.
06What does a $61,840 median income mean for case acceptance?
Median household income in Worthington runs $61,840. 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.
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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