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Saturday, December 28, 2024

HHS provides $499,625 to businesses in Central City under CARES Act

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Through the fourth quarter of 2020, businesses in Central City received $499,625 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Kentucky received $1.6 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was St. Elizabeth Medical Center, Inc. with a total of $67.3 million. The average loan size in the city was $35,688 while the state's average loan amount was $337,672.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Poole's Pharmacy Care, Inc.$251,833
2Care Now at a New Start, LLC$103,356
3Home Dialysis of Muhlenberg County, Inc.$63,423
4Oak Tree Eye Clinic, PSC, Inc.$18,222
5Community Oxygen & Medical Equipment, Inc.$17,723
6Greenville Family Dentistry Psc$11,879
7David Scott Morehead Family Dentistry Inc., D.M.D.$11,750
8A New Start II, LLC$8,004
9Oak Tree Eye Clinic 2, Inc.$7,630
10Central City Clinic Pharmacy, Inc.$2,012
11James S. Brashear PSC, M.D.$1,729
12Gerald Joines$1,482
13Tillman Family Chiropractic$560
14Muhlenberg County Health Department$22

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