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Friday, November 15, 2024

HHS provides $4.9 million to businesses in Salem under CARES Act

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Through the fourth quarter of 2020, businesses in Salem received $4.9 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 $305,249 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
1Salem Memorial Hospital$4,326,304
2Community Care Center of Salem, Inc.$481,496
3Steven M Watson, D.M.D.$35,578
4Complete Care, Inc.$13,921
5John Demorlis$8,847
6Bill Mccoy, P. C., O.D.$4,598
7Dennis Lee White, OD$3,672
8Salem Smile Depot, LLC$2,331
9Town & Country Super Market, Inc.$1,641
10Moser H.E. Corporation$1,589
11Cornerstone Chiropractor Clinic, LLC$1,482
12Emmett Reary$1,355
13Ellis Chiropractic Clinic, LLC$715
14Wisdom Drug, LLC$365
15Haydn Powell$63
16Vandivort Drug$28

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