Washington micro-market
Healthcare practice financing in SeaTac, Washington
Direct answer
103 healthcare providers hold a SeaTac practice address, 30.3 per 10,000 of its 34,024 residents, 22 percent of them in behavioral and mental health group practices. King County recorded 91 SBA healthcare approvals worth $42,384,900, and Seattle-Tacoma-Bellevue, WA sits 12 miles out.
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- Population: 34,024 residents (25K-50K band)1
- Healthcare providers registered here: 103 across 17 fields2
- Median household income: $76,5173
- Largest provider field: Behavioral and mental health group practices: 23 registered providers2
- Medicare-certified providers in town: 3 across 2 categories4
- Nearest metro: Seattle-Tacoma-Bellevue, WA, 12 miles1
SeaTac clinicians, by field
103 providers across 17 fields, 30.3 per 10,000 residents, counted at SeaTac addresses in the NPPES monthly file
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Behavioral and mental health group practices | 23 | 6.8 | NPPES [2] |
| Primary care and family medicine | 20 | 5.9 | NPPES [2] |
| Chiropractic | 13 | 3.8 | NPPES [2] |
| General dentistry | 11 | 3.2 | NPPES [2] |
| Home health | 7 | 2.1 | NPPES [2] |
| Non-medical home care | 5 | 1.5 | NPPES [2] |
| Physical, occupational, and speech therapy | 5 | 1.5 | NPPES [2] |
| Independent pharmacy | 4 | 1.2 | NPPES [2] |
| ABA and autism therapy | 4 | 1.2 | NPPES [2] |
| Dialysis and infusion centers | 3 | 0.9 | NPPES [2] |
| Audiology and hearing centers | 2 | 0.6 | NPPES [2] |
| DME and HME suppliers | 1 | 0.3 | NPPES [2] |
| Urgent care | 1 | 0.3 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 1 | 0.3 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.3 | NPPES [2] |
| Telehealth and virtual clinics | 1 | 0.3 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 1 | 0.3 | NPPES [2] |
| Dialysis facilities | 2 | CMS [4] | |
| Medical equipment suppliers | 1 | CMS [4] | |
| Home health agencies | 1 | CMS [4] |
Behavioral and mental health group practices carries 23 of the 103 enumerated providers here, and several of them can sit inside one practice. Read the column as clinicians, not owners.
Loan activity in King County
Lenders in King County have already closed 91 healthcare approvals, averaging $465,768, which is the size a new file gets read beside
| What it measures | Value | How to read it |
|---|---|---|
| Healthcare files approved | 91 | Fiscal year published in the SBA file [5] |
| Dollars behind them | $42,384,900 | Sum of approvals to healthcare borrowers [5] |
| Typical approval size | $465,768 | Dollars divided by approvals [5] |
| Credit offices operating locally | 1,205 | Credit intermediation establishments, NAICS 522 [6] |
The consequence of these numbers
At 30.3 clinicians per 10,000 residents, the catchment radius in a projection has to be defended rather than assumed. A request measured against 91 prior King County approvals is priced on precedent, which shortens the questions about valuation. A $76,517 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
Where a file from this town usually lands
- Practice acquisition
- Working capital term loan
- Startup and de novo
- Expansion, relocation, and build-out
- Equipment financing and leasing
Ranked from the 17 fields that actually practice in SeaTac, weighted toward behavioral and mental health group practices. Availability still depends on Washington and on the funding partner.
What a funder reads first in SeaTac
What a funder opens first depends on the field. In SeaTac that means behavioral and mental health group practices, primary care and family medicine, chiropractic.
| Specialty | Read first in underwriting | Why the money is usually needed |
|---|---|---|
| Behavioral and mental health group practices (23) | Clinician retention and productivity, Payer mix and Medicaid concentration, Re-authorization and session limit exposure | Working capital through the credentialing lag |
| Primary care and family medicine (20) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
| Chiropractic (13) | Cash plan revenue, Personal injury receivable age, Visit volume | Startup or acquisition |
Column one counts SeaTac clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a SeaTac file differently.
Density beside the neighboring Washington towns
Set SeaTac's 30.3 per 10,000 against the towns an appraiser would reach for next
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| SeaTac (current) | 34,024 | 103 | 30.3 | |
| Burien | 52,046 | 462 | 88.8 | 3 |
| Tukwila | 21,636 | 683 | 315.7 | 3 |
| Des Moines | 33,207 | 185 | 55.7 | 4 |
| Mercer Island | 25,302 | 202 | 79.8 | 9 |
| Newcastle | 13,072 | 78 | 59.7 | 9 |
| Covington | 21,567 | 190 | 88.1 | 11 |
What the geography does to a SeaTac projection
Seattle-Tacoma-Bellevue, WA lies 12 miles from SeaTac, close enough that appraisers price the lease against Seattle-Tacoma-Bellevue, WA rents while 34,024 residents set the revenue ceiling. At $76,517 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Referral flow comes from outside SeaTac, which a projection needs to state plainly.
Other Washington markets
- Burien 52,046 residents
- Tukwila 21,636 residents
- Des Moines 33,207 residents
- Mercer Island 25,302 residents
- Newcastle 13,072 residents
- Covington 21,567 residents
SeaTac owners, answered
01How many providers practice in SeaTac, and in what?
103 enumerations sit at SeaTac addresses in the monthly NPPES file, working out to 30.3 for every 10,000 residents. 22 percent of them are behavioral and mental health group practices, and primary care and family medicine follows with 20. An enumeration is a clinician, so the 103 here cover fewer than 103 practices.
02What does SBA lending look like around SeaTac?
$42,384,900 went to healthcare borrowers in King County across 91 approvals, $465,768 on average. Deals near SeaTac get sized against that record before anything else.
03What does King County's shortage designation change?
King County holds a HRSA designation covering primary care, dental, mental health. A pro forma for SeaTac can cite it as the reason a vacancy is fillable, which is usually the weakest line in a ramp schedule.
04Which fields carry the volume in SeaTac?
The 17 enumerated fields are led by behavioral and mental health group practices at 23, with primary care and family medicine at 20 behind it. Those two counts double as the competition you are entering and the bench you would hire from.
05Is SeaTac underwritten as part of Seattle-Tacoma-Bellevue, WA?
Partly. Seattle-Tacoma-Bellevue, WA is 12 miles out, so rent and equipment comparables travel in from there while patients still come from the 34,024 residents around SeaTac. Cost side metro, revenue side local.
06Is there local lending capacity in King County?
County Business Patterns records 1,205 credit intermediation establishments in King County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen SeaTac 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
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