New Jersey micro-market
Healthcare practice financing in New Providence, New Jersey
Direct answer
133 healthcare providers hold a New Providence practice address, 95.3 per 10,000 of its 13,957 residents, 32 percent of them in physical, occupational, and speech therapy. Union County recorded 14 SBA healthcare approvals worth $9,015,200, and New York-Newark-Jersey City, NY-NJ sits 25 miles out.
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- Population: 13,957 residents (10K-25K band)1
- Healthcare providers registered here: 133 across 22 fields2
- Median household income: $162,8773
- Largest provider field: Physical, occupational, and speech therapy: 42 registered providers2
- Nearest metro: New York-Newark-Jersey City, NY-NJ, 25 miles1
- SBA healthcare approvals in the county: 14 approvals totaling $9,015,2004
What NPPES records at New Providence addresses
133 providers across 22 fields, 95.3 per 10,000 residents, counted at New Providence addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 42 | 30.1 | NPPES [2] |
| Optometry and ophthalmology | 13 | 9.3 | NPPES [2] |
| Chiropractic | 10 | 7.2 | NPPES [2] |
| General dentistry | 9 | 6.4 | NPPES [2] |
| Specialty physician groups | 8 | 5.7 | NPPES [2] |
| Behavioral and mental health group practices | 7 | 5.0 | NPPES [2] |
| Primary care and family medicine | 5 | 3.6 | NPPES [2] |
| Dental specialties | 5 | 3.6 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 5 | 3.6 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 5 | 3.6 | NPPES [2] |
| Podiatry | 3 | 2.1 | NPPES [2] |
| DME and HME suppliers | 3 | 2.1 | NPPES [2] |
| Med spa and aesthetics | 3 | 2.1 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 3 | 2.1 | NPPES [2] |
| Dermatology | 2 | 1.4 | NPPES [2] |
| Independent pharmacy | 2 | 1.4 | NPPES [2] |
| Audiology and hearing centers | 2 | 1.4 | NPPES [2] |
| ABA and autism therapy | 2 | 1.4 | NPPES [2] |
| Home health | 1 | 0.7 | NPPES [2] |
| Urgent care | 1 | 0.7 | NPPES [2] |
| Imaging centers | 1 | 0.7 | NPPES [2] |
| Non-medical home care | 1 | 0.7 | NPPES [2] |
| Medical equipment suppliers | 3 | CMS [5] |
Several of the 42 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Loan activity in Union County
Lenders in Union County have already closed 14 healthcare approvals, averaging $643,943, which is the size a new file gets read beside
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 14 | Counted for the fiscal year the SBA publishes [4] |
| Total approved capital | $9,015,200 | Everything approved to healthcare borrowers, added up [4] |
| Mean deal size | $643,943 | The dollar column over the approval column [4] |
| Lenders sited in the county | 256 | Places that write credit locally, NAICS 522 [6] |
Reading New Providence the way a credit committee does
The ratio that matters up front is 95.3 per 10,000, which decides whether a ramp schedule reads as conservative. A request measured against 14 prior Union County approvals is priced on precedent, which shortens the questions about valuation. With $162,877 as the median household income, the payer mix in a projection has to match what New Providence households actually spend.
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
Built from what is enumerated here rather than from a national list, so a field with no presence in New Providence does not appear. Availability is still a New Jersey question.
The first pages of a New Providence file
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, optometry and ophthalmology, chiropractic
| Practice type | The pages that decide it | Typical capital event |
|---|---|---|
| Physical, occupational, and speech therapy (42) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Optometry and ophthalmology (13) | Exam volume and optical capture, Vision plan mix, Inventory turns | Cold start or acquisition |
| Chiropractic (10) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
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 New Providence prices against its neighbors
Set New Providence's 95.3 per 10,000 against the towns an appraiser would reach for next
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| New Providence (current) | 13,957 | 133 | 95.3 | |
| Summit | 23,102 | 394 | 170.5 | 2 |
| Chatham | 10,062 | 185 | 183.9 | 3 |
| Madison | 16,555 | 139 | 84.0 | 4 |
| Florham Park | 14,533 | 286 | 196.8 | 5 |
| Westfield | 32,050 | 494 | 154.1 | 5 |
| North Plainfield | 23,072 | 66 | 28.6 | 6 |
What the geography does to a New Providence projection
25 miles separate New Providence from New York-Newark-Jersey City, NY-NJ. Lease pricing follows New York-Newark-Jersey City, NY-NJ, while revenue stays capped by the 13,957 residents here. At $162,877 median household income, the elective and cash-pay share of a projection is the line that gets tested first. With no hospital in town, a projection has to name where referrals and coverage come from.
More of New Jersey
- Summit 23,102 residents
- Chatham 10,062 residents
- Madison 16,555 residents
- Florham Park 14,533 residents
- Westfield 32,050 residents
- North Plainfield 23,072 residents
New Providence owners, answered
01How many providers practice in New Providence, and in what?
Across 22 fields, New Providence carries 133 enumerated clinicians, 95.3 per 10,000 of the 13,957 people living here. The concentration is in physical, occupational, and speech therapy, 42 of the total, then optometry and ophthalmology at 13. Count practices from that only with care.
02What does Union County's shortage designation change?
Designated for primary care, dental, mental health, Union County qualifies its clinicians for federal repayment support. On a file that turns on adding staff, that is the difference between a hiring assumption and a hiring plan.
03Is New Providence underwritten as part of New York-Newark-Jersey City, NY-NJ?
Comparables and demand split at 25 miles. An appraiser prices the lease and the equipment off New York-Newark-Jersey City, NY-NJ; the revenue line has to hold up against 13,957 local residents.
04What does a $162,877 median income mean for case acceptance?
Median household income in New Providence runs $162,877. 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 SBA lending look like around New Providence?
The county file behind New Providence holds 14 healthcare approvals totaling $9,015,200, an average of $643,943. Those are the loan sizes lenders in Union County have already carried.
06Is there local lending capacity in Union County?
County Business Patterns records 256 credit intermediation establishments in Union County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen New Providence rents and resale before or by somebody working from a screen.
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. Small Business Administration, 7(a) and 504 approvals
- 5CMS Care Compare provider datasets
- 6U.S. Census Bureau, County Business Patterns 2022
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