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Monday, November 25, 2024

HHS provides $3.6 million to businesses in Frankfort under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Frankfort received $3.6 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 $72,428 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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Woodspoint, LLC$901,722
2Bradford Square Nursing, LLC$621,272
3Eye Associates of Southern Indiana, PC$410,758
4Hometown Pharmacy of Frankfort, PLLC$239,233
5Commonwealth Pain Specialists, PLLC$154,849
6Bray Pharmacy, Inc.$144,529
7Covenant Oncology & Hematology, LLC$131,323
8Capital Family Physicians PSC$126,647
9Frankfort Eye Center PSC$89,750
10Franklin County Health Department$73,764
11Everyday Matters, L.L.C.$73,539
12Buffalo Trail Inpatient Services, LLC$65,454
13Dr. Peters Psc$65,079
14Rebound Orthopaedics & Sports Medicine$51,456
15East Side Family Medicine, PSC$43,612
16Jason W Luking DC, PLLC$40,504
17City of Frankfort$39,894
18Fresenius Medical Care Nak Frankfort, LLC$37,520
19Juniper Hill Park Emergency Physicians, LLC$34,341
20Abilities Unlimited, LLC$32,425
21Proactive Therapy, Inc.$31,860
22KY I Medical Services PSC$27,394
23Frankfort Chiropractic Center East, PLLC$21,476
24Diagnostic Medical Testing, Inc.$20,515
25Universal Behavioral Health$15,911
26Frankfort MRI Associates, LLC$14,899
27Darryl V Smith Family Dentistry, D.D.S.$14,664
28Hometown Pharmacy of Frankfort East$14,230
29Internal Medicine Associates of Frankfort, PSC$11,858
30Edmonds Dental Center PSC$10,073
31Frankfort Foot Clinic, PLLC$9,832
32Randolph L Offutt, M.D.$9,128
33Blue Grass Community Action Partnership, Inc.$8,856
34James D Quarles, M.D.$8,127
35Frankfort Family Care Center, PLLC$7,032
36Westside Family Chiropractic and Rehabilitation PSC$6,776
37Susan L Payton, ARNP, PLLC$2,093
38Milum Wound Care PSC$1,660
39Stewart Home School, Inc.$1,333
40Angela Simmons, LLC$1,332
41Parandhamulu Saranga$1,023
42Paula Hernandez Hoover$1,005
43Infinity Center-Frankfort, LLC$668
44Abdolkarim Tahanasab$470
45Adams D.$368
46Oral Surgery Group of Frankfort, PLLC$329
47Frankfort Family Chiropractic, PLLC$305
48Melinda B. Simpson, LCSW, LLC$287
49Griffin Lyons Counseling, LLC$219
50Howell Chiropractic Center, PLLC$8

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