Wisconsin micro-market
Healthcare practice financing in Menasha, Wisconsin
Direct answer
A Menasha file is read against 174 local clinicians, 94.4 for every 10,000 of its 18,433 residents, 29 percent of them in physical, occupational, and speech therapy, plus the 2 SBA healthcare approvals worth $658,000 already recorded in Winnebago County, 5 miles from Appleton, WI.
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 Wisconsin, and how many partners see it, is set out on the Wisconsin page.
- Population: 18,433 residents (10K-25K band)1
- Healthcare providers registered here: 174 across 24 fields2
- Median household income: $64,3923
- Largest provider field: Physical, occupational, and speech therapy: 51 registered providers2
- Nearest metro: Appleton, WI, 5 miles1
- SBA healthcare approvals in the county: 2 approvals totaling $658,0004
Fields practicing inside Menasha
174 providers across 24 fields, 94.4 per 10,000 residents, counted at Menasha addresses in the NPPES monthly file
| Specialty | Enumerated clinicians | Density per 10,000 | Where it comes from |
|---|---|---|---|
| Physical, occupational, and speech therapy | 51 | 27.7 | NPPES [2] |
| Behavioral and mental health group practices | 29 | 15.7 | NPPES [2] |
| Primary care and family medicine | 14 | 7.6 | NPPES [2] |
| Chiropractic | 12 | 6.5 | NPPES [2] |
| General dentistry | 12 | 6.5 | NPPES [2] |
| Optometry and ophthalmology | 11 | 6.0 | NPPES [2] |
| Ketamine, TMS, and interventional psychiatry | 6 | 3.3 | NPPES [2] |
| Specialty physician groups | 5 | 2.7 | NPPES [2] |
| DME and HME suppliers | 4 | 2.2 | NPPES [2] |
| Independent pharmacy | 4 | 2.2 | NPPES [2] |
| Dermatology | 3 | 1.6 | NPPES [2] |
| Med spa and aesthetics | 3 | 1.6 | NPPES [2] |
| Skilled nursing, assisted living, and memory care | 3 | 1.6 | NPPES [2] |
| Home health | 2 | 1.1 | NPPES [2] |
| ASCs and OBLs | 2 | 1.1 | NPPES [2] |
| SUD treatment and residential | 2 | 1.1 | NPPES [2] |
| Dental specialties | 2 | 1.1 | NPPES [2] |
| Hormone, TRT, and men's health clinics | 2 | 1.1 | NPPES [2] |
| Telehealth and virtual clinics | 2 | 1.1 | NPPES [2] |
| NEMT and ambulance | 1 | 0.5 | NPPES [2] |
| Non-medical home care | 1 | 0.5 | NPPES [2] |
| ABA and autism therapy | 1 | 0.5 | NPPES [2] |
| Clinical and toxicology labs | 1 | 0.5 | NPPES [2] |
| Occupational health and drug testing | 1 | 0.5 | NPPES [2] |
| Medical equipment suppliers | 3 | CMS [5] |
Several of the 51 physical, occupational, and speech therapy enumerations can belong to one practice, so the column counts clinicians rather than businesses or owners
What Winnebago County credit files already show
With 2 healthcare approvals recorded, Winnebago County gives a valuation almost nothing local to lean on
| Measure | Published figure | What sits behind it |
|---|---|---|
| SBA healthcare approvals | 2 | One published fiscal year, healthcare borrowers only [4] |
| Approved dollars | $658,000 | Approved, not disbursed, and not net of withdrawals [4] |
| Average approval | $329,000 | A mean, so one large approval moves it [4] |
| Lending establishments in the county | 92 | Credit intermediation offices sited in the county [6] |
How this data lands in an underwriting decision
A file from here opens on 94.4 providers per 10,000 residents, and everything about volume follows from it. A short county record of 2 approvals usually means more documentation and a lower advance against the same collateral. A $64,392 median household income here sets the ceiling on what an elective or cash-pay line can be expected to carry.
The programs this provider mix points at
- Practice acquisition
- Startup and de novo
- Working capital term loan
- 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 Menasha does not appear. Availability is still a Wisconsin question.
The first pages of a Menasha file
What a funder opens first depends on the field. In Menasha that means physical, occupational, and speech therapy, behavioral and mental health group practices, primary care and family medicine.
| Field | What the file turns on | The capital event behind most requests |
|---|---|---|
| Physical, occupational, and speech therapy (51) | Visits per case, Referral source concentration, Payer mix and authorization rules | Startup or expansion clinic |
| Behavioral and mental health group practices (29) | 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 (14) | Panel size, Value-based contract exposure, Provider productivity | Acquisition |
Column one counts Menasha clinicians from the federal file. Columns two and three describe how the field is usually underwritten, and a partner can read a Menasha file differently.
Density beside the neighboring Wisconsin towns
Set Menasha's 94.4 per 10,000 against the towns an appraiser would reach for next
| Town | Residents | Providers | Per 10,000 | Miles away |
|---|---|---|---|---|
| Menasha (current) | 18,433 | 174 | 94.4 | |
| Neenah | 27,502 | 374 | 136.0 | 4 |
| Appleton | 75,344 | 1,350 | 179.2 | 5 |
| Greenville | 13,273 | 35 | 26.4 | 8 |
| Little Chute | 11,761 | 27 | 23.0 | 8 |
| Kaukauna | 18,363 | 87 | 47.4 | 9 |
| Oshkosh | 67,242 | 629 | 93.5 | 15 |
How Menasha sits against the nearest metro
Distance to Appleton, WI is 5 miles. Appraisers borrow Appleton, WI rents, and the 18,433 residents set the ceiling on collections. At $64,392 median household income, the elective and cash-pay share of a projection is the line that gets tested first. Referral flow comes from outside Menasha, which a projection needs to state plainly.
Other Wisconsin markets
- Neenah 27,502 residents
- Appleton 75,344 residents
- Greenville 13,273 residents
- Little Chute 11,761 residents
- Kaukauna 18,363 residents
- Oshkosh 67,242 residents
What owners in Menasha ask
01How many providers practice in Menasha, and in what?
174 enumerations sit at Menasha addresses in the monthly NPPES file, working out to 94.4 for every 10,000 residents. 29 percent of them are physical, occupational, and speech therapy, and behavioral and mental health group practices follows with 29. An enumeration is a clinician, so the 174 here cover fewer than 174 practices.
02What does Winnebago County's shortage designation change?
HRSA designates Winnebago County for primary care, dental, mental health. That opens loan repayment programs for clinicians recruited into Menasha and evidences a staffing ramp in a 18,433 resident market.
03Why does Winnebago County show so little SBA activity?
The published file records 2 7(a) and 504 approvals to healthcare borrowers in Winnebago County. That tracks how few Winnebago County practices changed hands that year, not credit quality. 92 credit intermediation establishments operate in Winnebago County, so the lending capacity is local even where the healthcare history is not.
04Which fields carry the volume in Menasha?
Volume concentrates in physical, occupational, and speech therapy, 51 of them, ahead of behavioral and mental health group practices at 29, across 24 fields. A thin second field usually means a longer search for staff than a pro forma allows for.
05Is Menasha underwritten as part of Appleton, WI?
Comparables and demand split at 5 miles. An appraiser prices the lease and the equipment off Appleton, WI; the revenue line has to hold up against 18,433 local residents.
06Is there local lending capacity in Winnebago County?
County Business Patterns records 92 credit intermediation establishments in Winnebago County. That is the local origination bench, and it decides whether a file gets underwritten by somebody who has seen Menasha 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
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