Utah micro-market
Healthcare practice financing in South Salt Lake, Utah
Direct answer
Salt Lake County carries 46 SBA healthcare approvals worth $38,190,600, and inside South Salt Lake the census shows 134 enumerated clinicians against 26,561 residents, 50.4 per 10,000, 53 percent of them in physical, occupational, and speech therapy. Salt Lake City-Murray, UT lies 5 miles away.
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: 26,561 residents (25K-50K band)1
- Healthcare providers registered here: 134 across 21 fields2
- Median household income: $68,0353
- Largest provider field: Physical, occupational, and speech therapy: 71 registered providers2
- Medicare-certified providers in town: 3 across 2 categories4
- Nearest metro: Salt Lake City-Murray, UT, 5 miles1
Who is enumerated in South Salt Lake
Counted at the town's own addresses: 134 providers, 21 fields, 50.4 clinicians per 10,000 of the 26,561 residents here
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 71 | 26.7 | NPPES [2] |
| Behavioral and mental health group practices | 19 | 7.2 | NPPES [2] |
| DME and HME suppliers | 6 | 2.3 | NPPES [2] |
| Home health | 6 | 2.3 | NPPES [2] |
| ABA and autism therapy | 4 | 1.5 | NPPES [2] |
| Specialty physician groups | 4 | 1.5 | NPPES [2] |
| Primary care and family medicine | 3 | 1.1 | NPPES [2] |
| SUD treatment and residential | 2 | 0.8 | NPPES [2] |
| General dentistry | 2 | 0.8 | NPPES [2] |
| Independent pharmacy | 2 | 0.8 | NPPES [2] |
| Non-medical home care | 2 | 0.8 | NPPES [2] |
| Hospice and palliative | 2 | 0.8 | NPPES [2] |
| Optometry and ophthalmology | 2 | 0.8 | NPPES [2] |
| Dialysis and infusion centers | 2 | 0.8 | NPPES [2] |
| Imaging centers | 1 | 0.4 | NPPES [2] |
| Audiology and hearing centers | 1 | 0.4 | NPPES [2] |
| Med spa and aesthetics | 1 | 0.4 | NPPES [2] |
| Clinical research sites | 1 | 0.4 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.4 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.4 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 1 | 0.4 | NPPES [2] |
| Medical equipment suppliers | 2 | CMS [4] | |
| Hospice providers | 2 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Several of the 71 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Salt Lake County approvals, dollars, and lending establishments
The published file shows 46 healthcare approvals in Salt Lake County, $38,190,600 in total, and that history is what an appraiser and a credit committee reach for
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 46 | Fiscal year published in the SBA file [5] |
| Total approved capital | $38,190,600 | Sum of approvals to healthcare borrowers [5] |
| Mean deal size | $830,230 | Dollars divided by approvals [5] |
| Lenders sited in the county | 920 | Credit intermediation establishments, NAICS 522 [6] |
What the two tables above change about a file
Underwriting starts with 50.4 providers per 10,000 residents, because that ratio caps how fast a chair or a room fills. Because Salt Lake County already carries $38,190,600 across 46 healthcare approvals, a request near that average moves faster than one well above it. With $68,035 as the median household income, the payer mix in a projection has to match what South Salt Lake households actually spend.
The programs this provider mix points at
- Practice acquisition
- Working capital term loan
- Startup and de novo
- Medical receivables factoring
- Business line of credit
The 21 fields practicing locally set this order. A funding partner, not this list, decides what is available in Utah.
Underwriting by field in South Salt Lake
What a funder opens first depends on the field. In South Salt Lake that means physical, occupational, and speech therapy, behavioral and mental health group practices, dme and hme suppliers.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (71) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Behavioral and mental health group practices (19) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
| DME and HME suppliers (6) | Accreditation and surety bond status, Rental versus sale revenue split, Denial rate and documentation quality | Inventory and rental fleet |
NPPES supplies the South Salt Lake counts. The reading columns describe the field in general, and no partner reviewing a South Salt Lake file is bound by them.
How South Salt Lake prices against its neighbors
The neighboring markets below are the ones a valuation borrows from when South Salt Lake has too few sales of its own
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| South Salt Lake (current) | 26,561 | 134 | 50.4 | |
| Millcreek | 64,217 | 49 | 7.6 | 4 |
| Taylorsville | 57,819 | 989 | 171.1 | 4 |
| Holladay | 30,588 | 129 | 42.2 | 5 |
| Midvale | 36,219 | 232 | 64.1 | 6 |
| Kearns | 39,398 | 20 | 5.1 | 7 |
| Cottonwood Heights | 32,437 | 153 | 47.2 | 8 |
What the geography does to a South Salt Lake projection
5 miles separate South Salt Lake from Salt Lake City-Murray, UT. Lease pricing follows Salt Lake City-Murray, UT, while revenue stays capped by the 26,561 residents here. At $68,035 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.
Nearby Utah towns
- Millcreek 64,217 residents
- Taylorsville 57,819 residents
- Holladay 30,588 residents
- Midvale 36,219 residents
- Kearns 39,398 residents
- Cottonwood Heights 32,437 residents
Questions from South Salt Lake
01How many providers practice in South Salt Lake, and in what?
NPPES lists 134 providers at a South Salt Lake practice address, 50.4 per 10,000 residents across 21 tracked fields. Physical, occupational, and speech therapy accounts for 71 of them, 53 percent of the total, with behavioral and mental health group practices next at 19. Read that as clinicians: 134 enumerations, not 134 owners.
02What 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 South Salt Lake can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03What does SBA lending look like around South Salt Lake?
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 South Salt Lake reaches for first.
04Which fields carry the volume in South Salt Lake?
Physical, occupational, and speech therapy at 71 providers and behavioral and mental health group practices at 19 lead the 21 fields enumerated here. A funder reads that mix as the local competition set and the local hiring pool at once, before it reads a single line of your own numbers.
05Is South Salt Lake underwritten as part of Salt Lake City-Murray, UT?
Partly. Salt Lake City-Murray, UT is 5 miles out, so rent and equipment comparables travel in from there while patients still come from the 26,561 residents around South Salt Lake. Cost side metro, revenue side local.
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 South Salt Lake 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
- 4CMS Care Compare provider datasets
- 5U.S. Small Business Administration, 7(a) and 504 approvals
- 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.