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Thursday, November 21, 2024

HHS provides $18.3 million to businesses in Somerset under CARES Act

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Through the fourth quarter of 2020, businesses in Somerset received $18.3 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 $185,002 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
1Lake Cumberland Regional Hospital, LLC$12,450,198
2Lifeline Home Health Care of Somerset, LLC$909,007
3Somerset Operations, LLC$805,945
4Lake Cumberland Regional MH/mr Board, Inc.$529,362
5Sunrise Manor Opco, LLC$443,496
6Hospice of Lake Cumberland, Inc.$442,355
7Lake Cumberland Physician Practices, LLC$427,621
8Cumberland Foot & Ankle Centers$291,887
9Medicine Shoppe$140,966
10Somerset Medical Group$111,674
11City of Somerset$111,133
12Applied Behavioral Advancements, LLC$100,289
13Bluegrass Radiology Associates, Inc.$86,272
14Wecare Medical Homemakers, LLC$78,230
15Community Opportunities, Inc.$73,802
16Mindsight, PLLC$58,544
17Cumberland Anesthesia Associates, Inc.$57,481
18Bogle Street Pharmacy, Inc.$54,613
19Zev Zusman, M.D.$47,399
20Serenity Foundations, LLC$45,102
21Dermatology of Southern Kentucky, PLLC$44,640
22Somerset Mental Health$42,365
23Kfoury Medical Specialists, PLLC$41,619
24Associates in Dentistry, LLC$36,505
25Cumberland Orthodontics Psc$35,578
26Lake Cumberland Cardiology Associates, LLC$34,334
27Broadening Horizons, Inc.$33,154
28Phoenix Preferred Care, Inc.$32,834
29Pulmonary and Sleep Associates, LLC$31,124
30Mohammad Afzal Internal Medicine LLC, M.D.$30,474
31Heart Center of Somerset, PLLC$30,203
32Drez One, LLC$27,600
33Allergy Asthma & Immunology Center, LLC$26,419
34Darrell Bartley JR PSC, D.M.D.$25,648
35Cumberland Radiation Oncology Psc$25,351
36Lung and Sleep Disorder Institute, PLLC$24,584
37Achievements Through Actions, LLC$22,520
38Quest Counseling, LLC$22,080
39Total Rehab Center PSC$21,155
40Superior Independent Case Management, LLC$20,174
41Clifford Matthews$19,989
42Mountainview Behavioral & Neuroscience Center, LLC$19,613
43Somerset Dental, PLLC$19,300
44Henry Dale Coffey PSC, D.M.D.$18,696
45Chad Henderson Dc C. Psc$18,584
46Champion Physical Therapy Kentucky, LLC$18,326
47Diagnostic Radiology of London PSC$17,980
48Robert Drake$17,694
49Michael E. Pope PSC, D.M.D.$17,323
50Women's Care of Somerset$17,068

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