Washington micro-market
Healthcare practice financing in Olympia, Washington
Direct answer
56,271 residents, 1,819 enumerated clinicians, 323.3 per 10,000, 27 percent of them in behavioral and mental health group practices: that is the Olympia market a funder prices. Thurston County adds 10 healthcare approvals worth $7,159,000 and 5 miles of distance to Olympia-Lacey-Tumwater, WA.
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 Washington, and how many partners see it, is set out on the Washington page.
- Population: 56,271 residents (50K-100K band)1
- Healthcare providers registered here: 1,819 across 34 fields2
- Median household income: $76,9303
- Largest provider field: Behavioral and mental health group practices: 492 registered providers2
- Medicare-certified providers in town: 7 across 2 categories4
- Nearest metro: Olympia-Lacey-Tumwater, WA, 5 miles1
Who is enumerated in Olympia
1,819 providers across 34 fields, 323.3 per 10,000 residents, counted at Olympia addresses in the NPPES monthly file
| Practice type | Count | Rate per 10,000 residents | Published by |
|---|---|---|---|
| Behavioral and mental health group practices | 492 | 87.4 | NPPES [2] |
| Physical, occupational, and speech therapy | 329 | 58.5 | NPPES [2] |
| Primary care and family medicine | 208 | 37.0 | NPPES [2] |
| Specialty physician groups | 117 | 20.8 | NPPES [2] |
| Chiropractic | 107 | 19.0 | NPPES [2] |
| General dentistry | 103 | 18.3 | NPPES [2] |
| ABA and autism therapy | 80 | 14.2 | NPPES [2] |
| Optometry and ophthalmology | 61 | 10.8 | NPPES [2] |
| Dental specialties | 41 | 7.3 | NPPES [2] |
| Audiology and hearing centers | 34 | 6.0 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 33 | 5.9 | NPPES [2] |
| DME and HME suppliers | 26 | 4.6 | NPPES [2] |
| Med spa and aesthetics | 23 | 4.1 | NPPES [2] |
| Clinical and toxicology labs | 21 | 3.7 | NPPES [2] |
| Dermatology | 18 | 3.2 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 18 | 3.2 | NPPES [2] |
| Independent pharmacy | 16 | 2.8 | NPPES [2] |
| ASCs and OBLs | 15 | 2.7 | NPPES [2] |
| Non-medical home care | 12 | 2.1 | NPPES [2] |
| Telehealth and virtual clinics | 12 | 2.1 | NPPES [2] |
| Podiatry | 10 | 1.8 | NPPES [2] |
| Home health | 8 | 1.4 | NPPES [2] |
| NEMT and ambulance | 8 | 1.4 | NPPES [2] |
| Occupational health and drug testing | 6 | 1.1 | NPPES [2] |
| SUD treatment and residential | 5 | 0.9 | NPPES [2] |
| Plastic and cosmetic surgery | 4 | 0.7 | NPPES [2] |
| Pain management and interventional | 3 | 0.5 | NPPES [2] |
| Urgent care | 2 | 0.4 | NPPES [2] |
| Dialysis and infusion centers | 2 | 0.4 | NPPES [2] |
| Sleep centers | 1 | 0.2 | NPPES [2] |
| Imaging centers | 1 | 0.2 | NPPES [2] |
| Hospice and palliative | 1 | 0.2 | NPPES [2] |
| Clinical research sites | 1 | 0.2 | NPPES [2] |
| IV hydration and infusion | 1 | 0.2 | NPPES [2] |
| Medical equipment suppliers | 21 | CMS [4] | |
| Ambulatory surgical centers | 5 | CMS [4] | |
| Dialysis facilities | 2 | CMS [4] |
Several of the 492 behavioral and mental health group practices enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
Loan activity in Thurston County
10 healthcare approvals averaging $715,900 set the deal shape lenders in Thurston County have already underwritten
| Measure | Published figure | What sits behind it |
|---|---|---|
| Approvals on record | 10 | Counted for the fiscal year the SBA publishes [5] |
| Total approved capital | $7,159,000 | Everything approved to healthcare borrowers, added up [5] |
| Mean deal size | $715,900 | The dollar column over the approval column [5] |
| Lenders sited in the county | 135 | Places that write credit locally, NAICS 522 [6] |
The consequence of these numbers
At 323.3 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A request measured against 10 prior Thurston County approvals is priced on precedent, which shortens the questions about valuation. With $76,930 as the median household income, the payer mix in a projection has to match what Olympia households actually spend.
Programs the Olympia mix reaches for
- Practice acquisition
- Working capital term loan
- Startup and de novo
- Expansion, relocation, and build-out
- Equipment financing and leasing
Built from what is enumerated here rather than from a national list, so a field with no presence in Olympia does not appear. Availability is still a Washington question.
Underwriting by field in Olympia
Drawn from the fields that actually practice here: behavioral and mental health group practices, physical, occupational, and speech therapy, primary care and family medicine
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Behavioral and mental health group practices (492) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
| Physical, occupational, and speech therapy (329) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Primary care and family medicine (208) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
NPPES supplies the Olympia counts. The reading columns describe the field in general, and no partner reviewing a Olympia file is bound by them.
How Olympia prices against its neighbors
Density is the number that moves an appraisal: 323.3 per 10,000 here
| Market | Population | Clinicians | Density per 10,000 | Distance in miles |
|---|---|---|---|---|
| Olympia (current) | 56,271 | 1,819 | 323.3 | |
| Tumwater | 27,826 | 277 | 99.5 | 4 |
| Lacey | 58,644 | 712 | 121.4 | 5 |
| Yelm | 11,715 | 113 | 96.5 | 14 |
| Shelton | 10,737 | 175 | 163.0 | 16 |
| University Place | 35,160 | 364 | 103.5 | 20 |
| Centralia | 19,061 | 412 | 216.1 | 22 |
What the geography does to a Olympia projection
5 miles separate Olympia from Olympia-Lacey-Tumwater, WA. Lease pricing follows Olympia-Lacey-Tumwater, WA, while revenue stays capped by the 56,271 residents here. Households here carry $76,930 in median income, and that ceiling decides how much of a treatment plan gets started rather than deferred. Because a certified hospital sits inside the town, both the referral path and the pay a clinical hire expects are already observable. A college in Olympia puts a term-shaped curve into monthly collections. Olympia is the Thurston County seat, so county employment steadies the payer mix.
More of Washington
Questions from Olympia
01How many providers practice in Olympia, and in what?
NPPES lists 1,819 providers at a Olympia practice address, 323.3 per 10,000 residents across 34 tracked fields. Behavioral and mental health group practices accounts for 492 of them, 27 percent of the total, with physical, occupational, and speech therapy next at 329. Read that as clinicians: 1,819 enumerations, not 1,819 owners.
02What does Thurston County's shortage designation change?
Thurston County holds a HRSA designation covering primary care, dental, mental health. A pro forma for Olympia can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
03How does the hospital in Olympia 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. 7 Medicare-certified providers are located here in total. It also sets the wage floor behind every hire in a 323.3 per 10,000 market.
04Which fields carry the volume in Olympia?
The 34 enumerated fields are led by behavioral and mental health group practices at 492, with physical, occupational, and speech therapy at 329 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
05Is Olympia underwritten as part of Olympia-Lacey-Tumwater, WA?
Comparables and demand split at 5 miles. An appraiser prices the lease and the equipment off Olympia-Lacey-Tumwater, WA; the revenue line has to hold up against 56,271 local residents.
06What does SBA lending look like around Olympia?
$7,159,000 went to healthcare borrowers in Thurston County across 10 approvals, $715,900 on average. Deals near Olympia get sized against that record before anything else.
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.