Ohio micro-market
Healthcare practice financing in New Franklin, Ohio
Direct answer
Density decides a lot here. New Franklin runs 11.5 providers per 10,000 residents, 16 clinicians against 13,859 people, 25 percent of them in non-medical home care, while Summit County lenders have approved 23 healthcare files worth $6,205,300 and the nearest metro is 9 miles out.
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 Ohio, and how many partners see it, is set out on the Ohio page.
- Population: 13,859 residents (10K-25K band)1
- Healthcare providers registered here: 16 across 9 fields2
- Median household income: $88,3063
- Largest provider field: Non-medical home care: 4 registered providers2
- Nearest metro: Akron, OH, 9 miles1
- SBA healthcare approvals in the county: 23 approvals totaling $6,205,3004
The provider census in New Franklin
Counted at the town's own addresses: 16 providers, 9 fields, 11.5 clinicians per 10,000 of the 13,859 residents here
| Field | Providers | Per 10,000 residents | Source |
|---|---|---|---|
| Non-medical home care | 4 | 2.9 | NPPES [2] |
| Physical, occupational, and speech therapy | 4 | 2.9 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 2 | 1.4 | NPPES [2] |
| DME and HME suppliers | 1 | 0.7 | NPPES [2] |
| Home health | 1 | 0.7 | NPPES [2] |
| Primary care and family medicine | 1 | 0.7 | NPPES [2] |
| SUD treatment and residential | 1 | 0.7 | NPPES [2] |
| General dentistry | 1 | 0.7 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.7 | NPPES [2] |
A single New Franklin practice can hold more than one of these numbers. 25 percent sit in non-medical home care, counted as clinicians rather than as owners.
What lenders have already approved in Summit County
23 healthcare approvals averaging $269,796 set the deal shape lenders in Summit County have already underwritten
| Line | Amount | Reading and source |
|---|---|---|
| SBA healthcare approvals | 23 | Fiscal year published in the SBA file [4] |
| Approved dollars | $6,205,300 | Sum of approvals to healthcare borrowers [4] |
| Average approval | $269,796 | Dollars divided by approvals [4] |
| Lending establishments in the county | 245 | Credit intermediation establishments, NAICS 522 [5] |
How this data lands in an underwriting decision
11.5 per 10,000 is the first number a credit analyst converts into a realistic new-patient count. 23 approvals worth $6,205,300 in Summit County means the size you are asking for has a local precedent to point at. A $88,306 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Programs the New Franklin mix reaches for
- Medical receivables factoring
- Practice acquisition
- Working capital term loan
- Startup and de novo
- Healthcare AR line and payroll funding
The order comes from New Franklin's own provider mix, which non-medical home care dominates at 25 percent. What a partner can actually place in Ohio is a separate question.
Underwriting by field in New Franklin
non-medical home care, physical, occupational, and speech therapy, skilled nursing, assisted living, and memory care account for most of what is enumerated in New Franklin, so those are the files funders see from this town
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Non-medical home care (4) | Payer mix between waiver and private pay, Caregiver retention, Electronic visit verification compliance | Payroll funding against waiver and managed care receivables |
| Physical, occupational, and speech therapy (4) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Skilled nursing, assisted living, and memory care (2) | Census and occupancy, Staffing reporting, Survey history | Working capital |
Column one counts New Franklin clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a New Franklin file differently.
Density beside the neighboring Ohio towns
Set New Franklin's 11.5 per 10,000 against the towns an appraiser would reach for next
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| New Franklin (current) | 13,859 | 16 | 11.5 | |
| Barberton | 24,624 | 215 | 87.3 | 4 |
| Norton | 11,423 | 72 | 63.0 | 6 |
| Green | 27,476 | 19 | 6.9 | 6 |
| Wadsworth | 24,753 | 231 | 93.3 | 9 |
| North Canton | 17,677 | 932 | 527.2 | 11 |
| Massillon | 32,750 | 336 | 102.6 | 12 |
How New Franklin sits against the nearest metro
Distance to Akron, OH is 9 miles. Appraisers borrow Akron, OH rents, and the 13,859 residents set the ceiling on collections. Households here carry $88,306 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. With no hospital in town, a projection has to name where referrals and coverage come from.
Other Ohio markets
What owners in New Franklin ask
01How many providers practice in New Franklin, and in what?
NPPES lists 16 providers at a New Franklin practice address, 11.5 per 10,000 residents across 9 tracked fields. Non-medical home care accounts for 4 of them, 25 percent of the total, with physical, occupational, and speech therapy next at 4. Read that as clinicians: 16 enumerations, not 16 owners.
02What does Summit County's shortage designation change?
HRSA designates Summit County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into New Franklin and evidences a staffing ramp in a 13,859 resident market.
03Is New Franklin underwritten as part of Akron, OH?
Comparables and demand split at 9 miles. An appraiser prices the lease and the equipment off Akron, OH; the revenue line has to hold up against 13,859 local residents.
04What does SBA lending look like around New Franklin?
$6,205,300 went to healthcare borrowers in Summit County across 23 approvals, $269,796 on average. Deals near New Franklin get sized against that record before anything else.
05Is there local lending capacity in Summit County?
County Business Patterns records 245 credit intermediation establishments in Summit County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen New Franklin rents and resale before or by somebody working from a screen.
06What does the underserved designation in Summit County support?
Summit County carries a medically underserved designation. It evidences unmet demand behind a capacity build, and it opens recruitment programs that make a staffing line in a projection easier to defend than local wage data alone would.
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
- 5U.S. Census Bureau, County Business Patterns 2022
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