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Upper Cumberland Times

Saturday, November 23, 2024

HHS provides $5.2 million to businesses in Carthage under CARES Act

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Through the fourth quarter of 2020, businesses in Carthage received $5.2 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 Tennessee received $2.5 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 Chattanooga Hamilton County Hospital Authority with a total of $74.7 million. The average loan size in the city was $348,495 while the state's average loan amount was $328,420.

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
1Riverview Medical Center, LLC$4,237,647
2Carthage Opco, LLC$735,230
3Eagle Acquisition IX, LLC$156,861
4Smith County Ambulance Service$25,852
5DR. Jon Alan Long, D.D.S.$23,100
6Bailey Family Dentistry, PLLC$16,923
7Ginger Smith$8,173
8Bowdoin G. Smith, P. C., D.O.$6,422
9Staton Southern Medical, PLLC$5,497
10Stumb Healthcare Professionals, LLC$3,880
11Michael R Hassell PC, OD$3,427
12Carthage Family Chiropractic, LLC$2,257
13Smith County Drug Center, Inc.$869
14Christian Troutman$848
15Hacketts Discount Drugs, Inc.$432

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