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East Kentucky Times

Thursday, November 21, 2024

HHS provides $1.2 million to businesses in Paintsville under CARES Act

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Through the fourth quarter of 2020, businesses in Paintsville received $1.2 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 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 $61,869 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
1Paintsville Investors, LLC$761,437
2Paintsville HMA Physician Management, LLC$69,468
3Johnson County Health Department$56,963
4City of Paintsville Office of Treasurer$52,631
5Nordin Eye Center PSC$50,475
6Eastern Kentucky Nephrology Consultants PSC$26,558
7East KY Clinic$26,079
8Jason T Rice PSC, D.O.$25,003
9Doctors Office, PLLC$19,133
10Jackson Physician Corp$17,695
11Professional Eyecare, P. S. C.$17,452
12Bayes Family Practice, PLLC$12,953
13Paintsville Pediatrics Associate$12,581
14Associates in Rehab Pikeville, LLC$10,441
15DR. Gregory D. Coleman, PSC, D.M.D.$6,386
16Danny Hamilton P.S.C. Pt II$4,921
17Skyline Medical Equipment, LLC$3,156
18ABC Family Chiropractic$1,983
19Med Express Pharmacy$193

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