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Thursday, November 28, 2024

HHS provides $1.2 million to businesses in Irvine under CARES Act

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Through the fourth quarter of 2020, businesses in Irvine received $1.2 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 $107,556 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
1Irvine Operating Company, LLC$535,844
2Spencer Drug, LLC$258,433
3Estill Medical Clinic, PSC$153,770
4Children's Care, PLLC$128,204
5Estill County EMS$44,093
6Emergency Medicine Physicians of Estill County, PLLC$25,457
7Kentucky River Dentistry$17,783
8Respiratory Express, Inc.$10,198
9Estill County Chiropractic, PLLC$7,061
10William H Wachs, OD$2,222
11Estill County Health Department$50

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