New Jersey micro-market
Healthcare practice financing in Madison, New Jersey
Direct answer
139 healthcare providers hold a Madison practice address, 84.0 per 10,000 of its 16,555 residents, 31 percent of them in physical, occupational, and speech therapy. Morris County recorded 13 SBA healthcare approvals worth $7,063,000, and New York-Newark-Jersey City, NY-NJ sits 26 miles out.
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- Population: 16,555 residents (10K-25K band)1
- Healthcare providers registered here: 139 across 19 fields2
- Median household income: $168,4693
- Largest provider field: Physical, occupational, and speech therapy: 43 registered providers2
- Nearest metro: New York-Newark-Jersey City, NY-NJ, 26 miles1
- Higher education: At least one degree-granting institution is based here4
The clinical base a lender can verify here
The NPPES file puts 139 enumerated clinicians inside Madison, spread over 19 fields at 84.0 per 10,000 residents
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 43 | 26.0 | NPPES [2] |
| General dentistry | 15 | 9.1 | NPPES [2] |
| Chiropractic | 12 | 7.2 | NPPES [2] |
| Dental specialties | 10 | 6.0 | NPPES [2] |
| Behavioral and mental health group practices | 8 | 4.8 | NPPES [2] |
| Med spa and aesthetics | 7 | 4.2 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 7 | 4.2 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 6 | 3.6 | NPPES [2] |
| ABA and autism therapy | 5 | 3.0 | NPPES [2] |
| Specialty physician groups | 5 | 3.0 | NPPES [2] |
| DME and HME suppliers | 4 | 2.4 | NPPES [2] |
| Independent pharmacy | 4 | 2.4 | NPPES [2] |
| Primary care and family medicine | 3 | 1.8 | NPPES [2] |
| Optometry and ophthalmology | 3 | 1.8 | NPPES [2] |
| Home health | 2 | 1.2 | NPPES [2] |
| Occupational health and drug testing | 2 | 1.2 | NPPES [2] |
| Podiatry | 1 | 0.6 | NPPES [2] |
| Sleep centers | 1 | 0.6 | NPPES [2] |
| NEMT and ambulance | 1 | 0.6 | NPPES [2] |
| Medical equipment suppliers | 3 | CMS [5] |
Physical, occupational, and speech therapy carries 43 of the 139 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
The lending record behind Madison
13 healthcare approvals averaging $543,308 set the deal shape lenders in Morris County have already underwritten
| Line | Amount | Reading and source |
|---|---|---|
| Healthcare files approved | 13 | One published fiscal year, healthcare borrowers only [6] |
| Dollars behind them | $7,063,000 | Approved, not disbursed, and not net of withdrawals [6] |
| Typical approval size | $543,308 | A mean, so one large approval moves it [6] |
| Credit offices operating locally | 311 | Credit intermediation offices sited in the county [7] |
What the two tables above change about a file
84.0 per 10,000 is the first number a credit analyst converts into a realistic new-patient count. 13 approvals worth $7,063,000 in Morris County means the size you are asking for has a local precedent to point at. A $168,469 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Where a file from this town usually lands
- Practice acquisition
- Startup and de novo
- Equipment financing and leasing
- Working capital term loan
- Expansion, relocation, and build-out
Weighted by how often each of the 19 local fields reaches for a program, not by what is easiest to refer. New Jersey rules and the partner decide availability.
Underwriting by field in Madison
physical, occupational, and speech therapy, general dentistry, chiropractic account for most of what is enumerated in Madison, so those are the files funders see from this town
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Physical, occupational, and speech therapy (43) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (15) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Chiropractic (12) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Column one counts Madison clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Madison file differently.
Density beside the neighboring New Jersey towns
The neighboring markets below are the ones a valuation borrows from when Madison has too few sales of its own
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Madison (current) | 16,555 | 139 | 84.0 | |
| Chatham | 10,062 | 185 | 183.9 | 2 |
| Florham Park | 14,533 | 286 | 196.8 | 2 |
| Morristown | 20,732 | 845 | 407.6 | 4 |
| New Providence | 13,957 | 133 | 95.3 | 4 |
| Summit | 23,102 | 394 | 170.5 | 4 |
| Westfield | 32,050 | 494 | 154.1 | 8 |
Distance, income, and the wage floor around Madison
New York-Newark-Jersey City, NY-NJ lies 26 miles from Madison, close enough for rent comparables to travel and far enough that patient draw does not. Median household income runs $168,469, which is the number a funder converts into case acceptance on anything elective or cash-pay. No hospital operates here, so the referral sources and the call arrangement have to be named rather than assumed. Higher education here explains why summer looks unlike the rest of the year.
More of New Jersey
- Chatham 10,062 residents
- Florham Park 14,533 residents
- Morristown 20,732 residents
- New Providence 13,957 residents
- Summit 23,102 residents
- Westfield 32,050 residents
What owners in Madison ask
01How many providers practice in Madison, and in what?
139 enumerations sit at Madison addresses in the monthly NPPES file, working out to 84.0 for every 10,000 residents. 31 percent of them are physical, occupational, and speech therapy, and general dentistry follows with 15. An enumeration is a clinician, so the 139 here cover fewer than 139 practices.
02What does a $168,469 median income mean for case acceptance?
Median household income in Madison runs $168,469. 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.
03What does SBA lending look like around Madison?
The county file behind Madison holds 13 healthcare approvals totaling $7,063,000, an average of $543,308. Those are the loan sizes lenders in Morris County have already carried.
04What does Morris County's shortage designation change?
The primary care, dental, mental health designation HRSA carries on Morris County is a recruiting instrument: it puts repayment incentives in front of candidates, which is how a hiring plan for 16,555 residents gets past the question of who would take the job.
05How does the college here show up in the numbers?
A campus in town means monthly collections rise and fall with terms. Say so in the projection for Madison, because a summer trough that is explained is read as seasonality, and one that is not is read as decline.
06Which fields carry the volume in Madison?
Volume concentrates in physical, occupational, and speech therapy, 43 of them, ahead of general dentistry at 15, across 19 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
- 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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