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Hopkinsville Times

Saturday, December 28, 2024

HHS provides $5.5 million to businesses in Marion under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Marion received $5.5 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 Kentucky received $1.6 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 St. Elizabeth Medical Center, Inc. with a total of $67.3 million. The average loan size in the city was $607,260 while the state's average loan amount was $337,672.

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
1Crittenden Community Hospital, LLC$3,893,320
2Orion Marion, LLC$602,633
3Legacy Oxygen and Home Care Equipment, LLC$254,545
4Crittenden County Hospital$235,772
5Family Practice Clinic PSC$235,173
6Com-Care, Inc.$196,343
7KB Pharmacy, LLC$35,037
8Marion Eye Care Center, PLLC$11,220
9Healthquest Wellness Center PSC$1,295

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