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Friday, November 15, 2024

HHS provides $5.9 million to businesses in Potosi under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Potosi received $5.9 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 $311,973 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
1Washington County Memorial Hospital$3,956,727
2Great Mines Health Center$951,509
3Potosi Manor, Inc.$503,307
4Washington County Ambulance District$220,518
5Midwest Health Solutions, LLC$119,627
6Nra-Washington County, Missouri, LLC$57,752
7Potosi Emergency Group, LLC$18,918
8St. Louis Cardiology Center, PC$16,863
9Washington County Board for the Handicapped$16,352
10Robart Rehabilitation & Wellness$15,598
11Washington County Health Department$12,937
12Pyatt Eye Care, LLC$10,758
13Midwest Imaging Center II, LLC$10,633
14DR. Gregory K Terpstra Family Practice LLC, D.O.$6,129
15Edwardwilliamlake, DDSPC$5,209
16Robert Huck$2,200
17Georgian Gardens Operations Management, LLC$1,620
18Potosi Alternative Health Care Center, LLC$432
19Austin Plaza Pharmacy, Inc.$395

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