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Thursday, November 7, 2024

HHS provides $8.9 million to businesses in Pineville under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Pineville received $8.9 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 $740,897 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
1Tennessee Cancer Specialists, PLLC$4,714,790
2Pineville Community Health Center, Inc.$3,682,578
3Pineville Medical Center, LLC$157,188
4Pine Mountain Clinic PSC$132,945
5Dialysis Services of Pineville, LLC$74,014
6Log Mountain Family Healthcare, LLC$73,520
7County of Bell$27,687
8Audrey Kinder PLLC, D.M.D.$19,557
9Apex Physical Therapy and Sports Performance, LLC$2,892
10Pineville Radiology Associates, PSC$2,562
11Taylor Drug Store, LLC$1,563
12Pineville Community Hospital Association, Inc.$1,473

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