New Mexico micro-market
Healthcare practice financing in Hobbs, New Mexico
Direct answer
41,061 residents, 230 enumerated clinicians, 56.0 per 10,000, 30 percent of them in physical, occupational, and speech therapy: that is the Hobbs market a funder prices. Lea County adds 1 healthcare approvals worth $59,500 and 76 miles of distance to Odessa, TX.
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: 41,061 residents (25K-50K band)1
- Healthcare providers registered here: 230 across 27 fields2
- Median household income: $65,6913
- Largest provider field: Physical, occupational, and speech therapy: 69 registered providers2
- Medicare-certified providers in town: 8 across 3 categories4
- Nearest metro: Odessa, TX, 76 miles1
What NPPES records at Hobbs addresses
The NPPES file puts 230 enumerated clinicians inside Hobbs, spread over 27 fields at 56.0 per 10,000 residents
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Physical, occupational, and speech therapy | 69 | 16.8 | NPPES [2] |
| General dentistry | 19 | 4.6 | NPPES [2] |
| Primary care and family medicine | 17 | 4.1 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 17 | 4.1 | NPPES [2] |
| Optometry and ophthalmology | 16 | 3.9 | NPPES [2] |
| Specialty physician groups | 13 | 3.2 | NPPES [2] |
| Chiropractic | 11 | 2.7 | NPPES [2] |
| Home health | 9 | 2.2 | NPPES [2] |
| ABA and autism therapy | 9 | 2.2 | NPPES [2] |
| DME and HME suppliers | 8 | 1.9 | NPPES [2] |
| Independent pharmacy | 5 | 1.2 | NPPES [2] |
| Urgent care | 4 | 1.0 | NPPES [2] |
| Dental specialties | 4 | 1.0 | NPPES [2] |
| Behavioral and mental health group practices | 4 | 1.0 | NPPES [2] |
| NEMT and ambulance | 3 | 0.7 | NPPES [2] |
| Non-medical home care | 3 | 0.7 | NPPES [2] |
| Occupational health and drug testing | 3 | 0.7 | NPPES [2] |
| Podiatry | 2 | 0.5 | NPPES [2] |
| Imaging centers | 2 | 0.5 | NPPES [2] |
| Hospice and palliative | 2 | 0.5 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 2 | 0.5 | NPPES [2] |
| Clinical and toxicology labs | 2 | 0.5 | NPPES [2] |
| Dialysis and infusion centers | 2 | 0.5 | NPPES [2] |
| Sleep centers | 1 | 0.2 | NPPES [2] |
| Clinical research sites | 1 | 0.2 | NPPES [2] |
| Plastic and cosmetic surgery | 1 | 0.2 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.2 | NPPES [2] |
| Medical equipment suppliers | 7 | CMS [4] | |
| Home health agencies | 4 | CMS [4] | |
| Hospice providers | 2 | CMS [4] | |
| Dialysis facilities | 2 | CMS [4] |
Several of the 69 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What lenders have already approved in Lea County
The county file holds 1 healthcare approvals, which is a thin comparable set for anyone pricing collateral
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 1 | Fiscal year published in the SBA file [5] |
| Approved dollars | $59,500 | Sum of approvals to healthcare borrowers [5] |
| Average approval | $59,500 | Dollars divided by approvals [5] |
| Lending establishments in the county | 38 | Credit intermediation establishments, NAICS 522 [6] |
How this data lands in an underwriting decision
At 56.0 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A short county record of 1 approvals usually means more documentation and a lower advance against the same collateral. Household income of $65,691 in Hobbs is the number a lender uses to sanity check the self-pay share of a revenue projection.
Programs the Hobbs mix reaches for
- 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 New Mexico.
Underwriting by field in Hobbs
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, general dentistry, primary care and family medicine
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (69) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (19) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Primary care and family medicine (17) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
Column one counts Hobbs clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Hobbs file differently.
Hobbs against nearby New Mexico markets
56.0 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Hobbs
| Comparable | People | Enumerations | Per 10,000 residents | Miles |
|---|---|---|---|---|
| Hobbs (current) | 41,061 | 230 | 56.0 | |
| Lovington | 11,693 | 86 | 73.5 | 18 |
| Carlsbad | 31,999 | 202 | 63.1 | 67 |
| Artesia | 12,550 | 90 | 71.7 | 74 |
| Roswell | 47,176 | 388 | 82.2 | 91 |
| Portales | 11,789 | 134 | 113.7 | 101 |
| Clovis | 37,555 | 448 | 119.3 | 118 |
Distance, income, and the wage floor around Hobbs
Distance to Odessa, TX is 76 miles. Resale for used clinical equipment is effectively absent, which is why collateral gets marked down. Households here carry $65,691 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. A Medicare-certified hospital operates here, so referral flow is verifiable and the clinical wage floor is already set. A degree-granting institution here moves volume on the academic calendar.
Other New Mexico markets
Hobbs owners, answered
01How many providers practice in Hobbs, and in what?
Across 27 fields, Hobbs carries 230 enumerated clinicians, 56.0 per 10,000 of the 41,061 people living here. The concentration is in physical, occupational, and speech therapy, 69 of the total, then general dentistry at 19. Count practices from that only with care.
02Why does Lea County show so little SBA activity?
Only 1 healthcare approvals appear for Lea County in the published 7(a) and 504 file. Thin volume in Lea County is a transaction count, not a verdict on borrowers here. The county still holds 38 credit intermediation establishments.
03Does being 76 miles out change the underwriting?
Odessa, TX is 76 miles away, far enough that rent and equipment resale comparables get pulled from Lea County rather than a metro market. At 76 miles the appraisal window runs longer and equipment resale gets discounted.
04What does Lea County's shortage designation change?
HRSA designates Lea County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Hobbs and evidences a staffing ramp in a 41,061 resident market.
05How does the hospital in Hobbs affect a practice file?
Referral flow, coverage, and the local pay scale all trace back to it. The town carries 8 Medicare-certified providers in total. A Hobbs projection that names the call arrangement reads better than one that assumes it.
06How many Medicare-certified providers are based in Hobbs?
The town carries 8 Medicare-certified providers. On a receivables request that number sets the expected collection lag, which is priced before anything about the practice itself is read.
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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