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Monday, November 25, 2024

HHS provides $7.2 million to businesses in Cynthiana under CARES Act

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Through the fourth quarter of 2020, businesses in Cynthiana received $7.2 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 $311,451 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
1Harrison Memorial Hospital$5,543,888
2Trilogy Healthcare of Cynthiana, LLC$400,082
3Edgemont Healthcare, Inc.$359,117
4Martin's Rest Home, Inc.$351,819
5Wedco District Health Department$113,981
6Sorrell Home Medical Equipment, LLC$56,654
7Cynthiana Dental Center, PLLC$51,062
8Family Care Associates, PSC$37,062
9Gary McCord$36,425
10Brown Ambulance Service, Inc.$32,354
11Dr. Brett A. Hines Psc$31,452
12My Turning Point, LLC$23,015
13Harrison County Commission on Aging, Inc.$22,194
14Kentucky Medical Imaging Associates, LLC$20,848
15Central Kentucky Recovery Management$20,487
16Positive Directions II$18,994
17Amanda Howell DC, PLLC$13,556
18Community Anesthesia of the Bluegrass, PLLC$11,280
19Combined Physicians Lab, LLC$8,850
20Dwight E Lewis, PSC, M.D.$7,746
21Clinic Pharmacy, LLC$1,428
22David Ferguson$1,046
23Eastside Pharmacy of Cynthiana, Inc.$38

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