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Thursday, November 7, 2024

HHS provides $8.2 million to businesses in Manchester under CARES Act

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Through the fourth quarter of 2020, businesses in Manchester received $8.2 million 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 $457,824 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
1Memorial Hospital, Inc.$5,514,078
2Florida Hospital Medical Group, Inc.$1,363,637
3Landmark of Laurel Creek Rehabilitation and Nursing Center$672,011
4Life Care Physician Services, LLC$238,593
5Neeraj Mahboob Internal Medicine PSC$137,478
6Family Practice of Kentucky, LLC$120,362
7Edwards Clinic$53,189
8Clay County Fiscal Court$50,371
9L. A. Medical Supply, Inc.$30,107
10Mountain Family Practice Clinic of Manchester, Inc.$23,605
11Good Heart Corporation$15,629
12Ben H. Hensley PSC, D.M.D.$12,337
13Elite Dentistry, Inc.$3,189
14Manps, LLC$2,606
15Jared Madden$1,777
16Southeastern Family Drug Center, Inc.$719
17Christian Family Healthcare, Inc.$655
18Pinkesh Patel$484

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