New Mexico micro-market
Healthcare practice financing in Farmington, New Mexico
Direct answer
A Farmington file is read against 587 local clinicians, 126.9 for every 10,000 of its 46,262 residents, 21 percent of them in physical, occupational, and speech therapy, plus the 1 SBA healthcare approvals worth $200,000 already recorded in San Juan County, 0 miles from Farmington, NM.
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 New Mexico, and how many partners see it, is set out on the New Mexico page.
- Population: 46,262 residents (25K-50K band)1
- Healthcare providers registered here: 587 across 31 fields2
- Median household income: $63,7453
- Largest provider field: Physical, occupational, and speech therapy: 125 registered providers2
- Medicare-certified providers in town: 10 across 4 categories4
- Nearest metro: Farmington, NM, 0 miles1
Fields practicing inside Farmington
Counted at the town's own addresses: 587 providers, 31 fields, 126.9 clinicians per 10,000 of the 46,262 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 125 | 27.0 | NPPES [2] |
| Primary care and family medicine | 66 | 14.3 | NPPES [2] |
| General dentistry | 56 | 12.1 | NPPES [2] |
| Behavioral and mental health group practices | 50 | 10.8 | NPPES [2] |
| Specialty physician groups | 42 | 9.1 | NPPES [2] |
| Chiropractic | 41 | 8.9 | NPPES [2] |
| ABA and autism therapy | 41 | 8.9 | NPPES [2] |
| Dental specialties | 28 | 6.1 | NPPES [2] |
| DME and HME suppliers | 24 | 5.2 | NPPES [2] |
| Home health | 22 | 4.8 | NPPES [2] |
| Optometry and ophthalmology | 22 | 4.8 | NPPES [2] |
| Independent pharmacy | 10 | 2.2 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 9 | 1.9 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 7 | 1.5 | NPPES [2] |
| Podiatry | 6 | 1.3 | NPPES [2] |
| Urgent care | 4 | 0.9 | NPPES [2] |
| SUD treatment and residential | 4 | 0.9 | NPPES [2] |
| Audiology and hearing centers | 4 | 0.9 | NPPES [2] |
| Med spa and aesthetics | 4 | 0.9 | NPPES [2] |
| Dialysis and infusion centers | 4 | 0.9 | NPPES [2] |
| Non-medical home care | 3 | 0.6 | NPPES [2] |
| Occupational health and drug testing | 3 | 0.6 | NPPES [2] |
| Hospice and palliative | 2 | 0.4 | NPPES [2] |
| Clinical and toxicology labs | 2 | 0.4 | NPPES [2] |
| Plastic and cosmetic surgery | 2 | 0.4 | NPPES [2] |
| Dermatology | 1 | 0.2 | NPPES [2] |
| ASCs and OBLs | 1 | 0.2 | NPPES [2] |
| Pain management and interventional | 1 | 0.2 | NPPES [2] |
| NEMT and ambulance | 1 | 0.2 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 1 | 0.2 | NPPES [2] |
| IV hydration and infusion | 1 | 0.2 | NPPES [2] |
| Medical equipment suppliers | 17 | CMS [4] | |
| Dialysis facilities | 4 | CMS [4] | |
| Home health agencies | 3 | CMS [4] | |
| Hospice providers | 2 | CMS [4] | |
| Ambulatory surgical centers | 1 | CMS [4] |
Several of the 125 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 Farmington
With 1 healthcare approvals recorded, San Juan County gives a valuation almost nothing local to lean on
| Measure | Published figure | What sits behind it |
|---|---|---|
| Healthcare files approved | 1 | Counted for the fiscal year the SBA publishes [5] |
| Dollars behind them | $200,000 | Everything approved to healthcare borrowers, added up [5] |
| Typical approval size | $200,000 | The dollar column over the approval column [5] |
| Credit offices operating locally | 83 | Places that write credit locally, NAICS 522 [6] |
How this data lands in an underwriting decision
Density of 126.9 per 10,000 sets the patient draw a projection can claim without an argument. San Juan County has 1 approvals to compare against, so plan for extra appraisal time and a conservative valuation. With $63,745 as the median household income, the payer mix in a projection has to match what Farmington households actually spend.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Expansion, relocation, and build-out
- Working capital term loan
- Equipment financing and leasing
Ranked from the 31 fields that actually practice in Farmington, weighted toward physical, occupational, and speech therapy. Availability still depends on New Mexico and on the funding partner.
What a funder reads first in Farmington
What a funder opens first depends on the field. In Farmington that means physical, occupational, and speech therapy, primary care and family medicine, general dentistry.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (125) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (66) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| General dentistry (56) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
NPPES supplies the Farmington counts. The reading columns describe the field in general, and no partner reviewing a Farmington file is bound by them.
Density beside the neighboring New Mexico towns
126.9 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Farmington
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Farmington (current) | 46,262 | 587 | 126.9 | |
| Gallup | 20,339 | 303 | 149.0 | 91 |
| Santa Fe | 90,551 | 1,581 | 174.6 | 143 |
| Los Lunas | 19,907 | 233 | 117.0 | 155 |
| Las Vegas | 12,711 | 307 | 241.5 | 182 |
| Alamogordo | 31,667 | 381 | 120.3 | 294 |
| Roswell | 47,176 | 388 | 82.2 | 308 |
Distance, income, and the wage floor around Farmington
Farmington, NM lies 0 miles from Farmington, close enough that appraisers price the lease against Farmington, NM rents while 46,262 residents set the revenue ceiling. At $63,745 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Because a certified hospital sits inside the town, both the referral path and the pay a clinical hire expects are already observable. A degree-granting institution here moves volume on the academic calendar.
More of New Mexico
Questions from Farmington
01How many providers practice in Farmington, and in what?
Across 31 fields, Farmington carries 587 enumerated clinicians, 126.9 per 10,000 of the 46,262 people living here. The concentration is in physical, occupational, and speech therapy, 125 of the total, then primary care and family medicine at 66. Count practices from that only with care.
02What does San Juan County's shortage designation change?
San Juan County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Farmington can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03Which fields carry the volume in Farmington?
Volume concentrates in physical, occupational, and speech therapy, 125 of them, ahead of primary care and family medicine at 66, across 31 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
04Why does San Juan County show so little SBA activity?
San Juan County shows 1 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. 83 lending establishments operate locally.
05How does the hospital in Farmington affect a practice file?
A Medicare-certified hospital operates in the town, which gives referral flow, a call schedule, and a clinical labor pool a funder can verify. 10 Medicare-certified providers are located here in total. It also sets the wage floor behind every hire in a 126.9 per 10,000 market.
06What does a $63,745 median income mean for case acceptance?
Median household income in Farmington runs $63,745. 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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