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Friday, November 15, 2024

HHS provides $5 million to businesses in Hermann under CARES Act

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Through the fourth quarter of 2020, businesses in Hermann received $5 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 Missouri received $2 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 Childrens Mercy Hospital with a total of $64.5 million. The average loan size in the city was $418,024 while the state's average loan amount was $323,845.

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
1Hermann Area Hospital District$3,910,073
2Eldercare of Mid-Missouri XIII, Inc.$627,389
3Chas Physician Services, LLC$427,050
4Americare at Victorian Manor of Hermann$16,251
5Hermann Area Ambulance District$13,531
6Nathan Hartman LLC, D.D.S.$11,831
7Douglas H. Meyer DC, PC$5,032
8Fischer Chiropractic, Inc.$3,240
9Franklin E & Ann Marie Meyer$981
10Hermann Family, LLC$461
11Susan Moran$361
12Gasconade County Counseling Services, Inc.$93

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