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Thursday, November 7, 2024

HHS provides $4.4 million to businesses in Whitesburg under CARES Act

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Through the fourth quarter of 2020, businesses in Whitesburg received $4.4 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 $275,189 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
1Mountain Comprehensive Health Corporation$3,209,985
2DJLM Operations, LLC$1,035,026
3Appalachian Rehabilitation Team, Inc.$47,941
4Mountain Heart Center, PSC$25,343
5Teal Group, PLLC$21,732
6Williams D.K. Psc$18,914
7Walters and Griffin Enterprises, Inc.$15,899
8William M. Collins$9,332
9Physical Therapy Clinic PSC$7,252
10Mountain Medical Equipment, Inc.$4,782
11Mountain Instant Care, PLLC$2,330
12Medi Corporation, Inc.$2,160
13Joseph M. Banks$1,918
14Kimberly Tully$199
15Kyva Investments, Inc.$172
16Pine Mountain Pharmacy, Inc.$33

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