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Lafayette Times

Thursday, October 17, 2024

HHS provides $144,702 to businesses in Frankfort under CARES Act

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Through the fourth quarter of 2020, businesses in Frankfort received $144,702 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 Indiana received $1.9 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 Reid Hospital & Health Care Services, Inc. with a total of $58.5 million. The average loan size in the city was $9,647 while the state's average loan amount was $352,160.

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
1Clinton County Indiana$31,749
2Ardente Dental Psc$21,961
3Eriks Dental, PC$20,836
4Julie D Kinsler LLC, D.D.S.$13,760
5Alteon Health Indiana, LLC$11,049
6Mcgol Associates$10,915
7Lisa Stafford PC, OD$10,874
8Larry D. Rothenberger Inc., D.D.S.$9,496
9DR Green and Associates, PC$8,680
10Next Step Physical Therapy, Inc.$2,544
11Michael a Colarusso PC, OD$1,442
12Clinton County Chiropractic Center$857
13Snider Family Chiropractic, LLC$300
14Holden Pharmacy, Inc.$221
15Ronald Wilson$18

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