Utah micro-market
Healthcare practice financing in Herriman, Utah
Direct answer
A Herriman file is read against 97 local clinicians, 15.6 for every 10,000 of its 62,352 residents, 30 percent of them in physical, occupational, and speech therapy, plus the 46 SBA healthcare approvals worth $38,190,600 already recorded in Salt Lake County, 20 miles from Salt Lake City-Murray, UT.
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 Utah, and how many partners see it, is set out on the Utah page.
- Population: 62,352 residents (50K-100K band)1
- Healthcare providers registered here: 97 across 18 fields2
- Median household income: $118,4463
- Largest provider field: Physical, occupational, and speech therapy: 29 registered providers2
- Nearest metro: Salt Lake City-Murray, UT, 20 miles1
- SBA healthcare approvals in the county: 46 approvals totaling $38,190,6004
The clinical base a lender can verify here
The NPPES file puts 97 enumerated clinicians inside Herriman, spread over 18 fields at 15.6 per 10,000 residents
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Physical, occupational, and speech therapy | 29 | 4.7 | NPPES [2] |
| General dentistry | 11 | 1.8 | NPPES [2] |
| Dental specialties | 9 | 1.4 | NPPES [2] |
| DME and HME suppliers | 7 | 1.1 | NPPES [2] |
| Chiropractic | 6 | 1.0 | NPPES [2] |
| Primary care and family medicine | 6 | 1.0 | NPPES [2] |
| Behavioral and mental health group practices | 6 | 1.0 | NPPES [2] |
| ABA and autism therapy | 4 | 0.6 | NPPES [2] |
| Optometry and ophthalmology | 4 | 0.6 | NPPES [2] |
| SUD treatment and residential | 3 | 0.5 | NPPES [2] |
| Dermatology | 2 | 0.3 | NPPES [2] |
| Home health | 2 | 0.3 | NPPES [2] |
| Independent pharmacy | 2 | 0.3 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 2 | 0.3 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.2 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.2 | NPPES [2] |
| Specialty physician groups | 1 | 0.2 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.2 | NPPES [2] |
| Medical equipment suppliers | 4 | CMS [5] |
Physical, occupational, and speech therapy carries 29 of the 97 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
Salt Lake County approvals, dollars, and lending establishments
Lenders in Salt Lake County have already closed 46 healthcare approvals, averaging $830,230, which is the size a new file gets read beside
| Line | Amount | Reading and source |
|---|---|---|
| Approvals on record | 46 | Counted for the fiscal year the SBA publishes [4] |
| Total approved capital | $38,190,600 | Everything approved to healthcare borrowers, added up [4] |
| Mean deal size | $830,230 | The dollar column over the approval column [4] |
| Lenders sited in the county | 920 | Places that write credit locally, NAICS 522 [6] |
The consequence of these numbers
The ratio that matters up front is 15.6 per 10,000, which decides whether a ramp schedule reads as conservative. A request measured against 46 prior Salt Lake County approvals is priced on precedent, which shortens the questions about valuation. With $118,446 as the median household income, the payer mix in a projection has to match what Herriman households actually spend.
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
Built from what is enumerated here rather than from a national list, so a field with no presence in Herriman does not appear. Availability is still a Utah question.
The first pages of a Herriman file
Drawn from the fields that actually practice here: physical, occupational, and speech therapy, general dentistry, dental specialties
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (29) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| General dentistry (11) | Three years of collections history, Hygiene as a share of collections, Overhead ratio and owner add-backs | Acquisition of an established practice |
| Dental specialties (9) | Collections concentrated in the selling doctor, Referral source concentration, Contract receivables on payment plans | Specialty practice 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 Herriman prices against its neighbors
15.6 per 10,000 is the figure a neighboring town gets compared against when an appraiser prices Herriman
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Herriman (current) | 62,352 | 97 | 15.6 | |
| Riverton | 46,680 | 297 | 63.6 | 3 |
| Bluffdale | 19,393 | 31 | 16.0 | 4 |
| South Jordan | 86,156 | 500 | 58.0 | 5 |
| Draper | 50,166 | 610 | 121.6 | 8 |
| Kearns | 39,398 | 20 | 5.1 | 11 |
| Midvale | 36,219 | 232 | 64.1 | 11 |
What the geography does to a Herriman projection
20 miles separate Herriman from Salt Lake City-Murray, UT. Lease pricing follows Salt Lake City-Murray, UT, while revenue stays capped by the 62,352 residents here. Median household income runs $118,446, which is the number a funder converts into case acceptance on anything elective or cash-pay. Referral flow comes from outside Herriman, which a projection needs to state plainly.
Nearby Utah towns
Questions from Herriman
01How many providers practice in Herriman, and in what?
NPPES lists 97 providers at a Herriman practice address, 15.6 per 10,000 residents across 18 tracked fields. Physical, occupational, and speech therapy accounts for 29 of them, 30 percent of the total, with general dentistry next at 11. Read that as clinicians: 97 enumerations, not 97 owners.
02What does SBA lending look like around Herriman?
Healthcare borrowers in Salt Lake County took 46 approvals worth $38,190,600 in the published fiscal year, averaging $830,230. That is the comparable set an appraiser near Herriman reaches for first.
03Is Herriman underwritten as part of Salt Lake City-Murray, UT?
Partly. Salt Lake City-Murray, UT is 20 miles out, so rent and equipment comparables travel in from there while patients still come from the 62,352 residents around Herriman. Cost side metro, revenue side local.
04What does a $118,446 median income mean for case acceptance?
Median household income in Herriman runs $118,446. 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 Salt Lake County's shortage designation change?
Salt Lake County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Herriman can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
06Is there local lending capacity in Salt Lake County?
County Business Patterns records 920 credit intermediation establishments in Salt Lake County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Herriman 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
Our team reviews every request within 1 business day. If a funding partner thinks they can help, a specialist from that partner contacts you to discuss next steps.