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Saturday, November 23, 2024

HHS provides $4.7 million to businesses in Albany under CARES Act

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Through the fourth quarter of 2020, businesses in Albany received $4.7 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 $362,195 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
1The Medical Center at Clinton County, Inc.$3,627,173
2Buckeye Home Health Center, Inc.$439,290
3CRMC MSO Sub 1 Incorporated$293,894
4Associates in Eye Care, Inc.$115,225
5Albany Family Chiropractic, PLLC$64,096
6Roberts' Pharmacy, LLC$51,325
7Southern Kentucky Eye Center, PSC$48,983
8County Judge County of Clinton$28,923
9Carol B Peddicord PLLC, M.D.$21,435
10William Calvin Powell PSC, M.D.$8,892
11Central Kentucky Apothecary$8,229
12Osborne Chiropractic Center$817
13Doctors Health & Weightloss Clinic$249

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